Virtual Currencies and Crypto: The Scandal of Manipulative Gaming Giants Erupts

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 14 2024

SAND-1.384%

MANA-1.77%

ENJ-0.611%

Should l Buy SAND?

Consumer Manipulation in Gaming: Seven major video game companies are accused of manipulating consumers through opaque virtual currency systems, making it difficult for players to understand the real costs of their purchases, leading to reckless spending.
Call for Regulation and Transparency: Consumer protection associations are demanding reforms to regulate virtual currencies in gaming, advocating for clearer pricing in real currency to help players make informed decisions, while also highlighting the potential of blockchain and Play-to-Earn models for fairer practices.

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Technical Analysis for SAND

Technical Sentiment Analysis for The Sandbox (SAND) As of , The Sandbox (SAND) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SAND stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SAND is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

The Sandbox (SAND) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0256	0.0479	0.0702	0.0925	0.115	0.137	0.159
Fibonacci	0.0479	0.065	0.0755	0.0925	0.11	0.12	0.137

About SAND

Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.According to the official whitepaper, the Sandbox platform’s main mission is to introduce blockchain technology in mainstream gaming successfully. The platform focuses on facilitating a creative “play-to-earn” model, which allows users to be both creators and gamers simultaneously. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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