$11 Billion NFT Market: Could Celphish Finance Become the Next Decentraland, the Sandbox?

SPONSORED POST* At the time of writing, the NFT market is worth more than 11 billion USD. Another research report by Verified Market Research (VMR) predicts the NFT market to be worth an estimated 230 billion USD by 2030.

Timeline of , Decentraland

SPONSORED POST* Although cryptocurrency like Celphish Finance (CELP) may have begun as a risky trading strategy reserved for professionals, it has quickly evolved into a mainstream financial sector in our contemporary culture.

 SPONSORED POST* While meme tokens are known for their lighthearted approach to crypto project names and mascots, metaverse tokens have redefined virtual reality and gaming to include cryptocurrency and NFTs. These tokens have their foundation in blockchain technology, creating ecosystems to incentivize a global network of users to engage with a shared virtual world.

Meme coins are the fun-givers of the cryptocurrency market, with several fashioned after the first-ever meme coin, Dogecoin (DOGE). However, meme coins have grown from ordinarily promoting the use of memes to mock cryptocurrencies, to now incorporating use cases such as play-to-earn games, as you'll find in virtual spaces like Decentraland (MANA).

SPONSORED POST* It is not out of place to state that the world is currently experiencing a meme season. Social media has ensured the survival and successful widespread use of memes. Memes are disseminated on social media platforms such as Instagram, WhatsApp, Facebook, and lately, Tiktok.

Decentraland (MANA) has broken down from a short-term support level and risks invalidating its bullish structure. The post Decentraland (MANA) Price Drops Alongside Decreased Sales appeared first on BeInCrypto.

In the Metaverse, anything is possible. Want to fly? No problem. What about participating in a life-like dungeon exploration? You got it. But there are two aspects of the Metaverse that many are particularly excited about: owning plots of land and wearing high-end luxury watches, both ordinarily inaccessible to the average person.

Decentraland (MANA) price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement. MANA price on the daily chart is trying to hold the consolidation of the upper trendline from the lows seen on 2021 Decentraland price has managed to hover above 20 EMA and 50 EMA and warming up for the 100 and 200 DMA MANA price has spiked by 0.13% and currently trading at $1.05 Decentraland (MANA) has been sitting within the same region since June 2022.

Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405.

The bear market is in full gear and Bitcoin (BTC) and the alt coins have not been spared from price slashing. With crypto tokens seeing as much as 80% in price cuts, token holders have become quite reserved and liquidity seems to be exiting the markets.

Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance.