In line with CoinMarketCap’s knowledge, Decentraland’s native token, MANA, has gained 17.59% within the final 24 hours, following the stellar efficiency of metaverse tokens for the reason that begin of the brand new yr. MANA is among 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 worth 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. 

The current U.S. financial knowledge can be why the rise in MANA worth. In line with 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 client worth index (CPI) for america.

The U.S. Federal Reserve (Fed) has been mountain 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 growing, in line with their expectations.

In line with extra knowledge, MANA is among the hottest “metaverse” platforms, with roughly 8,000 distinctive day by day customers.

Enhancements to avatars, profiles, and pal requests have not too long ago been launched for Decentraland customers. It really works towards making the platform extra user-friendly. Nevertheless, it was a time-consuming course of earlier than the platform began to recuperate. These important elements have led to the value improve and burst in investor curiosity.

Varied tokens utilized in video video games and the metaverse noticed dramatic worth spikes final week. For instance, SAND, The Sandbox’s native, has surged by 33% in the course of the previous week, whereas GALA, the foreign money of Gala Video games, has elevated by 31%.

Australian Open Metaverse Match Again At Decentraland

In line with a tweet beneath, the Australian Open metaverse has returned to Decentraland.

From January 16-29, 2023, Melbourne Park will host the primary spherical of the 2023 Australian Open, a Grand Slam tennis match. This yr’s Australian Open would be the 111th within the match’s historical past and the fifty fifth within the Open Period and will contribute to the bullish worth motion by onboarding new customers on MANA. 

MANA is buying and selling at $0.7006 at press time. Day by day chart from

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

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