Metaverse Crypto Price Predictions for 2023 – Why You Should Invest in Metacade and Decentraland

2023 will be the year when metaverse crypto gaming pushes into inexorable growth, with the sector projected to grow by 70% year-on-year between 2023 and 2027 to more than $60 billion.

Timeline of Decentraland,

The fast-paced world of cryptocurrencies has spread its wings towards diverse sectors, such as the Metaverse and NFTs. Talking about Metaverse, Decentraland has been an ace player in the sector. To novices in the business, Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain.

If you bought Decentraland's MANA in December or earlier this month, then good for you. It has so far delivered an impressive performance until recently when it faced resistance at a key level.

In 2021, conversations held around the metaverse and virtual reality were at their peak, even in the cryptocurrency space. This heightened talk was one reason why tokens like Decentraland [MANA] and The Sandbox [SAND] reached considerable All-Time Highs (ATH).

A key indicator shared by cryptocurrency analytics firm Santiment that has been used to accurately time previous Bitcoin bear market bottoms is currently suggesting that two metaverse-focused altcoins, Decentraland ($MANA) and The Sandbox ($SAND) are “still undervalued.

Key Points: Three of the CEOs and creators of the virtual reality platform Decentraland are among the 50 largest Genesis creditors, the cryptocurrency lender that on Thursday filed for bankruptcy.

MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. According to CoinGecko, the token is up 55% in the weekly timeframe with the biggest gains made during the monthly time frame at 105%.

Investor enthusiasm for the potential of the Metaverse in 2022 helped Decentraland (MANA) gain much traction. However, since there had been little progress in the field, interest had dwindled, and the bear market may have worsened matters.

Decentraland [MANA] has been trading within the $0.5533 and $0.7595 range since 16 January. At the time of writing, MANA was in a second phase of price correction within the range.

Metaverse crypto projects are often some of the highest gainers due to the unique nature of the technologies being used. Users can access stunning open worlds, play their favorite games online, and earn financial rewards in a number of ways.

According to CoinMarketCap's data, Decentraland's native token, MANA, has gained 17.59% in the last 24 hours, following the stellar performance of metaverse tokens since the start of the new year. MANA is one of the top 100 cryptocurrencies and has grown by 95% in the last month.