How can Decentraland Metaverse Help Mana Price?
The Metaverse is everything that people can talk about these days. And when we are talking about the Metaverse, there has to be a discussion about Decentraland for sure. Therefore, a question arises, “Can Decentraland Metaverse Help Mana Price?”
Decentraland or MANA is basically a gaming platform that is based on Ethereum and it will allow people to properly stimulate life in the space of metaverse. Hence, it was definitely a pretty exciting opportunity for the investors who would take an interest in MANA.
However, there are some problems that are currently creeping up due to the freefall nature of the crypto market scene.
The Volatile World of Cryptocurrency
Here is an example to make you understand. The price of decentraland cryptocurrency peaked at a height of about $5.48 in the month of November, quite specifically the 24th of November. However, by the time we reached the 22nd of February, the price actually went down a lot. It reached about $2.64. The overall loss was about 51.8% over a time period of 3 months in total.
Also, on the 22nd of January, MANA saw a decline in the prices as the price went down to reach the value of $1.04. This was pretty good news for the investors since it meant that the price of Decentraland has actually been recovering for sure. However, there has been a rise in the price and the growth is about 153% from the price that was seen less than just one month ago.
The Standout Features of Decentraland
One of the key features of decentraland is that with this platform, the players will definitely be able to sell and buy virtual land in the best way. Not to mention that they can also partake in the selling and buying of parcels that are related. Apart from that, the parcels, as well as the lands, can properly be customized too. These plots are properly represented with the help of assets such as NFTs or non-fungible tokens and much more.
There are certain land parcels that are effectively bought and sold in the metaverse of Decentraland. These parcels have actually managed to do quite well in the process of development. This could be one of the main reasons why the price of MANA has managed to rise so far according to the recent events that we have seen. Here is another example, Metaverse Group is a real estate firm on virtual reality that has recently purchased some land pieces and properly connected them together. This has led to the formation of a piece that is worth $2.4 million in total. This accounted for the largest sale that ever took place in the history of Decentraland virtual land sales.
This particular sale that we are talking about took place in the Fashion Street Estate in Decentraland. With the help of the digital space, Metaverse plans on actually taking on some very high-end fashion shows by collaborating with brands in the real world. Hence, with an overall increase of the sales when it comes to Decentraland, the prices of MANA are also increased for sure. Since MANA has a decent correlation with Decentraland, there is no doubt that with an increase in the sales of the platform and the land parcels, the price of MANA will also start to increase in the best way.
How can Decentraland Metaverse Help Mana Coin Price: Conclusion
Decentraland is promptly becoming one of the best estate sectors for people to make an investment in. Hence, there is supposedly going to be a rise in the sales for the estates or land parcels in the virtual reality world of Decentraland. With more sales, the prices of land will also increase. This might have an effect on the MANA Price for sure as it will help in the price rising of the coin.