Based on CoinMarketCap’s knowledge, Decentraland’s native token, MANA, has gained 17.59% within the final 24 hours, following the stellar efficiency of metaverse tokens because the begin of the brand new yr. MANA is likely one of the high 100 cryptocurrencies and has grown by 95% within the final month. As well as, it has been within the inexperienced for 14 of the earlier 16 days.
What Pushed MANA To The Sky?
On the time of writing, MANA is buying and selling at $0.6887. Since final week, the token’s value has elevated by roughly 70%, bringing its market capitalization to $1,2 million. As investor opinion within the crypto markets has improved in response to constructive macroeconomic information, smaller market cap cryptocurrencies have outperformed their bigger rivals.
#mana pump was inevitable, @decentraland is the platform of the longer term. NOW 😍 pic.twitter.com/x2LLJrCWO1
— jasonx.eth (@DCLjasonx) January 15, 2023
The current U.S. financial knowledge can be why the rise in MANA value. Based on knowledge launched final week, US inflation has been trending downward over the previous few months. From its all-time excessive of 9.1% in 2022 down to six.5% in December of that yr, the Bureau of Labor Statistics studies a dramatic decline within the shopper value index (CPI) for the US.
The U.S. Federal Reserve (Fed) has been climbing rates of interest to convey down inflation. This knowledge recommend their efforts are working, and the market is feeling extra optimistic because the probabilities of a financial coverage pivot are rising, in keeping with their expectations.
Based on extra knowledge, MANA is likely one of the hottest “metaverse” platforms, with roughly 8,000 distinctive every day customers.
Enhancements to avatars, profiles, and good friend requests have not too long ago been launched for Decentraland customers. It really works towards making the platform extra user-friendly. Nonetheless, it was a time-consuming course of earlier than the platform began to get better. These important components have led to the worth enhance and burst in investor curiosity.
New 12 months, Extra About You 📢
A couple of new options got here out right this moment that can assist #DCLcitizens join with one another higher than ever—and that is solely the start!
🖍️Highlighting Avatars
👩🦱New Person Profile
🔗Hyperlinks in Profile
💌New Pal Request Circulation
🏷️Differentiated Nametags pic.twitter.com/8cMUXVLpiT— Decentraland (@decentraland) January 12, 2023
Varied tokens utilized in video video games and the metaverse noticed dramatic value spikes final week. For instance, SAND, The Sandbox’s native, has surged by 33% throughout the previous week, whereas GALA, the forex of Gala Video games, has elevated by 31%.
Australian Open Metaverse Event Again At Decentraland
Based on a tweet beneath, the Australian Open metaverse has returned to Decentraland.
Sport, Set, Match!@AOmetaverse has returned to Decentraland!
🎾 On the massive screens: #AO23 Follow courts, 24/7 Traditional matches
🎾 New AO Tennis Membership, Seaside Bar
🎾 Rod Laver Tennis Problem
🎾 Day by day quests for WearablesNow-Jan 29
-143, 74 pic.twitter.com/Z3VOICGmOU— Decentraland (@decentraland) January 15, 2023
From January 16-29, 2023, Melbourne Park will host the primary spherical of the 2023 Australian Open, a Grand Slam tennis event. This yr’s Australian Open would be the 111th within the event’s historical past and the fifty fifth within the Open Period and will contribute to the bullish value motion by onboarding new customers on MANA.
AOmetaverse and Vegas Metropolis, the metaverse’s leisure platform and the biggest business zone in Decentraland, have reserved a Twitter spot for January 17 to announce the activation of the Australian Open 2023 for 14 days.
Featured Picture from CoinMarketCap, Chart from Tradingview.com
