The popular gaming platform hosts several meme coins including Shiba Inu (SHIB) and Dogecoin (DOGE).

TL; DR

A well-known gaming platform has announced the acquisition of meme coins such as SHIB, DOGE, PEPE and BONK, integrating their “unique cultures” into its ecosystem.
The official hinted that similar news may follow in the future.

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Meme coins are crypto's rock stars in this bull cycle, with many individuals and entities entering their ecosystem. The latest popular platform to do this is Sandbox.

In a recent post, revealed Holding Shiba Inu (SHIB), Dogecoin (DOGE), Pepe (PEPE), Bonk Inu (BONK) and more. “We are excited to integrate their unique cultures into our platform,” the platform said.

In addition to jumping on the meme coin bandwagon, Sandbox touched on the merits of some of the tokens it added to its portfolio. He described the Shiba Inu as a “global phenomenon”, while DOGE He was praised For “Strong Community” and “Comic Originality”.

PEPE and BONK They also stand out.. The Sandbox notes that the former uses a method of reducing its total supply over time, which it calls a “discount coin.” On the other hand, BONK represented As “the most popular dog-themed cryptocurrency on Solana.

“We are excited and looking forward to integrating these meme coins into Sandbox. The facility they provide For our users and the wider meme coin community. Stay tuned for more soon” game platform complete.

SAND is still waiting for a bull run.

Talking about the sandbox, it is worth mentioning the native token – SAND – which has seen better days. It currently trades at $0.32 (per CoinGecko data) – a 30% drop on a two-week scale and an impressive 95% drop from its November 2021 all-time high of $7.50.

Sand is one of the few cryptocurrencies to have seen no tangible gains over the past year, during which time Bitcoin (BTC) hit a new high above $73,500 and Binance Coin (BNB) touched nearly $720.

In comparison, other gaming coins including Immutable (IMX), Axie Infinity (AXS) and Ronin (RON) are well in the green year-over-year.

On the other hand, some gauges on the chain indicate that the SAND will head north in the short term. The Relative Strength Index (RSI) recently dipped below 20. Standing At 32. The technical analysis tool identifies oversold or overbought conditions in the market and varies from 0 to 100. A ratio above 70 indicates that a price correction may be imminent, while the lower points indicate a buying opportunity.