The global crypto market with its astounding sprawl in diverse sectors. Has managed to garner the interests of folks from both crypto and non-crypto folks. The escalating sectors such as NFTs and metaverse have infused newer retailers and institutions into the space. The escalating adoption rate has been irrespective of the monetary analytics in the business.
The emerging world of metaverse has been propelled to greater heights by torch-bearing protocols such as Decentraland. Successively, Decentraland is nearing its second year in the business and has been climbing the stairs to prominence. In a recent announcement, the makers introduce the Transparency OS. However, the MANA price fails to catch the winds of the sentiments.
Is Decentraland Now A Digital Home For Institutions And Party Throwers?
Decentraland now holds the lion’s share in the metaverse, with digital lands and virtual events, that include consumer events, parties, amongst others. Consequently, the launch of Zixel NFT by Zipmex is to be held at Decentraland. The event will feature performances by Asia’s top music talents. The hosts offer users to roam around the space to discover NFTs.
Whilst opening doors to wearable giveaways, the five days long event from the 18th to the 22nd of February. Would see DJ set on the 18th, Performance on the 19th, and Exploration and Collection on the 20th and 22nd of February. The next event in Decentraland comes from Dragon City, which will host a fashion week from the 24th to the 27th of March. Dragon City will be one of the venues for Asian brands during the MVFW.
In succession, DCL Baby Dolls and Parcel Party will be present “Beach Fest”. On the second birthday of Decentraland on the 19th of February. JP Morgan opening its lounge in Decentraland and the report from the firm has fueled the prominence to a greater extent.
On the contrary, Decentraland makers introduce an operating system for better community decision-making. Transparency OS from the house of Decentraland eases out access to data and information for the masses. Which results in a more effective and informed engagement.
Decentraland (MANA) Price Analysis:
MANA at the time of press is changing hands at $3.06 with gains of -6.5 %. While the market cap of the digital asset hovers around $4,610,810,666. The volume of trades for around the clock is at $899,056,702. MANA has been trading in the bandwidth from the lows of $3.05 to the highs of $3.35.
Consequently, a leg-up above the 24-hours high will take MANA price to $3.4. Post which the doors to its resistance levels at $3.85 will open up. However, a slip from the current lows will land MANA below its $3 mark at levels around $2.9.
In conclusion, Decentraland has been gathering the interests of institutions and retailers at a brisk pace. While being a host to an escalating count of digital events that include consumer shows, parties, screening, amongst others.
Moreover, the developmental initiatives are the cherry on the cake. While the prices have been trading in the opposite direction, we can expect the bulls to barge in with market sentiments stabilizing.