• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Altcoin News / Metaverse-driven Decentraland price rallies as MANA hits a New All-time High
Metaverse-driven Decentraland price rallies as MANA hits a new All-time High

Metaverse-driven Decentraland price rallies as MANA hits a New All-time High

November 20, 2021 by Lipika Deka

As major cryptocurrencies continue to shrink, Metaverse-driven altcoin Decentraland [MANA] has a different story to tell. The gaming crypto-asset smashed a new all-time high of $4.34 in the wee hours of the 20th of November. The latest price surge of the coin can be attributed to the growing popularity in the metaverse realm. Besides that, MANA tokens are used in the purchase of different assets in Decentraland’s 3D virtual universe, and the soaring interest in the metaverse and non-fungible tokens[NFT] have further caused a ripple effect to the price surge.

Built on top of the Ethereum blockchain, Decentraland is a metaverse that facilitates users to buy and sell land, outfits in its virtual world. The digital reality world has quickly risen to one of the most trending topics in the crypto space and has recently brought a tremendous amount of traction and investments that are acting as catalysts for the native token.

In addition to that, the overall market volatility and the increased sell-offs for the dominant crypto-assets such as Bitcoin [BTC], Ethereum [ETH], and others have not made much of an impact on the MANA token. Instead, it highlights the fact that Decentraland and MANA with their unique use cases can still rake in bigger gains despite the bearish pressure in the broader market.

Decentraland [MANA] Daily Price Chart

MANAUSD 2021 11 20 14 59 20
Metaverse-driven Decentraland price rallies as MANA hits a New All-time High 3

At the time of writing, MANA was trading at $4.05 after a daily rise of 2.05%. Its market cap was found to be at $7.38 billion while its 24-hour trading volume stood at $3.37 billion.

As indicated from the daily chart, the Awesome Oscillator [AO] is leaning towards a bullish momentum. With regards to the Relative Strength Index [RSI] indicator cruising above 70 depicts strong overbought conditions in the coin market. However, the Chaikin Money Flow [CMF] below the zero line is projecting weak capital inflows in the market.

Filed Under: Altcoin News, News Tagged With: decentraland, MANA

Primary Sidebar

Recent Posts

  • Litecoin’s Confidential Transactions Lead to Warnings by Korean Exchanges May 24, 2022
  • The Intruder Who Visited Do Kwon’s Home Speaks to the Public May 24, 2022
  • eBay teams up with OneOF to release the first-ever “Genesis” NFT collection May 24, 2022
  • Gafisa, Brazil’s Real Estate Giant Embraces Bitcoin May 24, 2022
  • Crypto Lottery: Winner Takes All May 23, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.