What’s Ahead For MANA Price ?
After a remarkable surge, Metaverse coins have been under pressure over the previous few weeks. The price of Decentraland is currently selling at less than $3, which is nearly half of what it was in 2021. The company’s overall market capitalization has plummeted to $4.3 billion.
At the time of writing Decentraland is trading at $2.92 and it has lost more than seven percent. The price reached a 24 hr high at $3.18 before hitting reverse. On the downside the immediate support level is at $2.86 and the resistance level is at $3.06.
The metaverse token, according to Simon Hayes, a pseudonymous analyst and trader, has completed its breakout and retest. He believes the price of Decentraland is currently poised for a surge.
Similarly, Michaal van de Poppe, an analyst and trader, has assessed the price movement and says that a critical sector appears to be holding. The analyst is optimistic about the price of Decentraland.
Launch of Australian Open
With this year’s edition, the Australian Open, one of the most prestigious yearly tennis championships, has entered the metaverse and NFT area. The competition announced a collaboration with Decentraland earlier this month, promising to bring a virtual version of the event on the 3D platform.
The Australian Open is the newest sporting event to join the metaverse trend. Samsung also created a flagship store on Decentraland just a few weeks ago, allowing customers to communicate with one another and see the company’s latest products while in the virtual world. Walmart, for example, is intending to enter the metaverse and build their own digital realm.
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