Here's Why Decentraland MANA Price is Up 20% to $0.7 And $1 is On The Horizon

Decentraland, the Ethereum-based virtual reality platform, has introduced new features for its users recently, leading to a significant spike in the value of its token, MANA. MANA is currently trading at $0.698 with a 2% decrease in the past 24 hours and closed the previous weekly candle with an 83% gain. The new features, which include the ability to link profiles, differentiate nametags, and highlight avatars, have been well-received by users if the token's price is any indication.

Timeline of Decentraland

Decentraland's price increased dramatically as a result of its collaboration with the Australian Open and high GitHub activity. Decentraland (MANA) has surged 70% over the last week, reaching $0.70 at the time of publication which is just slightly less than MANA's pre-FTX crash price of $0.7137.

Decentraland (MANA) has recorded a strong performance over the past week, growing 73% to $0.7090 at the time of press. The post Decentraland shoots up 73% to pre-FTX collapse level appeared first on CryptoSlate.

The cryptocurrency market has witnessed a 1% rise in value in the past 24 hours, with its total cap reaching $1.02 trillion after a very strong weekend. This figure represents a 17% rise in a week and a 21% gain in a month, as improved US inflation data and other welcome macroeconomic indicators suggest the beginning of the end for 2022's global downturn.

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Tether Dominance hovered between the 8.6% and 8.7% levels over the past week, after climbing from 7.9% during the sell-off that commenced on 14 December. This showed that the entire crypto market, not just Bitcoin [BTC], has not exhibited a trend recently.

Santiment points out massive buying opportunities currently present in the markets for MANA, SAND, REN, and CHZ.  The MVRV of the altcoins, as well as that of BTC, are at levels similar to historical bounce points.

The year 2022 has been challenging as non-fungible tokens (NFTs) continue to suffer a decline in sales volume. To change the narrative around the same, leading metaverse-based project Decentraland [MANA] recently introduced LAND rentals on its marketplace.

Decentraland LAND owners can now rent out their property to others. Renters pay each day using MANA, the platform's main cryptocurrency.  The post Decentraland will now let you become a virtual landlord appeared first on The Block.

Top Ethereum whales held more MANA than any other token MANA's price action showed that it was demanding a bearish exit According to a tweet posted by WhaleStats in the wee hours of 4 December, the top 500 Ethereum [ETH] whales preferred to hold Decentraland [MANA]. The database noted that these whales held about $1.

MANA, the cryptocurrency used as payment for goods and services in the metaverse project Decentraland, has already lost 33% of its value over the last 30 days. After going all the way up to $0.7339 on November 5, the asset was on a consistent decline that pulled it down to a monthly low of $0.3611 on November 22.