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- Decentraland becomes the top gainer in metaverse.
- The platform has collaborated with leading companies in the market.
- MANA was trading at $0.763 at the publication time.
Metaverse tokens are still unhinged by the crypto winter, even after the FTX collapse added a little boost to the market downturn. Data shows that Decentraland (MANA) became the top gainer in January 2023 among the leading tokens like The Sandbox (SAND), Axie Infinity (AXS) and more. The asset has constantly risen throughout the month considering the company announced some eye-catchy enhancements in their virtual world.
Decentraland to Focus on Content Creators
Recently, a Decentraland blog revealed several improvements, focusing on a more immersive universe for the users. Keeping content creators in the center, the company will provide a plethora of offerings including an updated and user-friendly SDK (currently in alpha phase), chat features and more.
A roadmap dedicated to the content creators on the platform promises improvements in the mobile version of Decentraland’s marketplace. Moreover, the new fiat payment system will allow the users to easily make purchases. They can either use their debit/credit card or simply use Android or Apple Pay to purchase the in-game assets.
Decentraland has joined hands with leading names across the globe. They struck a partnership with the US gaming giant, Atari, in January 2021. The collaboration allowed users to make Atari games on the platform and a chance to get featured on a giant retro arcade they created in the metaverse game. In 2020, the company teamed up with Samsung Blockchain, offering storage for NFTs and trading of their native asset.
Decentraland (MANA) Price Analysis
The crypto asset has gained around 180% since the year’s beginning. Fib retracement shows the price has reached its resistance of $0.802. A potential rebound is possible considering MANA is down by over 3% in the past 24 hours. Bollinger Bands shows quite high volatility at the moment with resistance close to $0.866 and a support at $0.456.
The Metaverse sector has remained unaffected by last year’s downturn, highlighting that investors are bullish over the industry. Nevertheless, other tokens including SAND and AXS fell by over 3% and 8% respectively in a week. Moreover, the metaverse market was up by more than 2% in the last 24 hours according to the CoinMarketCap data.
Companies are getting increasingly involved with virtual spaces. Experts believe that the market may see more investment in the market this year. Data shows that investment in the industry doubled during 2020 and 2021. If the trend remains constant, more firms may show up and give a boost to this sector.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
