SandboxWith the approaching of the cliff unlocking date and the popularity of risk aversion, the price fell sharply for several consecutive days. The price of gravel/US dollar fell back to the bottom of US $0.7797, less than the highest point of US $0.937 this week.

Cliff unlocking close

Data encryption dynamic password has a system called dynamic password group, which defines the distribution of original dynamic password. Cliff unlocking is a condition in token group, which will increase the total number of tokens in commodity circulation.

Token unlock data shows that only 56% of SAND tokens are in circulation, and the other 44% are locked. The use value of those locked properties at this stage exceeds 1 billion dollars. The next cliff unlocking will be carried out on Monday, and will unlock more than $292 million worth of 372 million tokens.

As a result, the number of SAND tokens in circulation will rise to 2.1 billion. At this stage, the total market value of sandbox exceeds 1.17 billion dollars, and the use value of diluent is 2.34 billion dollars. Therefore, the introduction of new tokens will dilute the current holder.

In essence, the price of sand needs to be reduced around the diluent. However, in some cases, cryptocurrencies usually rise when they occur. For example, in January, AXS tokens of Axis Infinity increased sharply. Even when unlocking on the cliff, a large number of tokens were introduced into the ecosystem, as I didHereIn other cases, such as dYdX, enterprises focus on delaying their cliff unlocking.

Under such circumstances, such diluents will appear, because real estate developers will generally publish face to face information to balance the news report. For example, on Wednesday, Sandbox announced the establishment of an important partnership with the Bangladesh Digital Government Administration. At this stage, it is not clear what the strategic partnership will do, but the government departments are likely to invest in the enterprise.

Sandbox Price Forecast

Sand table model/USD data chart of Trading View

That way, it's safe NoShop sandbox? Turning to the daily curve, we can see that the price of SAND cryptocurrency fell slightly below the resistance point of US $0.9800 (higher on November 5). Even so, the coin seems to be forming a "cup handle" mode, which is generally a bearish data signal. Sandbox cryptocurrencies are also slightly higher than the 25-day and 50-day EMAs.

Therefore, despite the negative view on the cliff unlocking, the coin may still rise in a short time. If this view rises above the key friction resistance of US $0.98, it can be confirmed.