• Decentraland (MANA) has seen a 130% increase in its price in the last 30 days, due to a recent uptick in ‘whale’ purchases.
• Santiment data shows that the average of daily transactions was much over 50, with around 8 whale transactions as of this writing.
• The in-game currency of Decentraland is called MANA, and it is used to buy things like plots of land and services.
Decentraland (MANA) is a virtual reality platform that is powered by the Ethereum blockchain. It allows users to create, enjoy, and monetize content and applications in a decentralized, open-world setting. Since its introduction in 2021, the platform has experienced a significant increase of interest from both investors and users, with its price rallying by over 130% within the last 30 days.
Santiment data showed that beginning on 13 January, Decentraland (MANA) has been experiencing a daily increase in transactions of more than $100,000. The average of daily transactions was much over 50, with around 8 whale transactions as of this writing. The rally in price is believed to be due to the increased enthusiasm of investors in the potential of the Metaverse in 2022.
The in-game currency of Decentraland is called MANA, and it is used to buy things like plots of land and services. It is used as a means of exchange within the virtual world, and can be used to purchase virtual items such as clothing, weapons, and land. MANA’s price increase is much more significant than similar tokens, with The Sandbox (SAND) only experiencing a price increase of over 90%.
Overall, the recent rally in Decentraland’s (MANA) price has seen investors make considerable profits. The increased interest from both investors and users, as well as the potential of the Metaverse in 2022 has allowed the digital asset to flourish. With the in-game currency, MANA, being used to purchase virtual items and services, Decentraland (MANA) is set to continue to grow and offer investors more opportunities.