Despite a Bearish Market, Decentraland Sees a High Level of Activity with Events and Giveaways

Decentraland has seen a high level of activity as celebrities as well as organizations on a global scale are hosting events, parties, and even non-fungible token (NFT) giveaways.

Some of the upcoming events within Decentraland, which have sparked a high level of hype, include Comedy Decentral, Boy George Live in Vegas City, and the Mic Drop Comedy Festival. In fact, Decentraland became the first Metaverse with a JPMorgan branch.

Pushing Ahead

The upcoming events planned to occur within the world of Decentraland aren’t a surprise because Decentraland has become a top destination for celebrities and organizations that can host events, parties, celebrations, and even NFT giveaways.

The most popular events that have taken place within the Metaverse so far were the streaming of the Australian Open, alongside Samsung launching their new Galaxy smartphones.

CoinMarketCap has ranked Decentraland’s native cryptocurrency token, MANA, 30th in terms of market capitalization.

Source: CoinMarketCap

The SAND token, which is the native token behind a metaverse competitor known as The Sandbox, is in the 38th spot, not far behind. That said, the current price of MANA is currently $2.28.

On the Flipside

  • Decentraland is not a new concept and has been around for several years, so despite the recent increase in popularity after Meta’s announcement for the Metaverse, this project always had a lot of backing behind it.

Why You Should Care

The cryptocurrency market has recently been bearish; however, despite this, Metaverse-based projects, such as Decentraland in this case, have flourished with activities. Furthermore, MANA is a token that has been ranked among the highest in terms of Metaverse tokens, which showcases how much interest there is in this world.

EMAIL NEWSLETTER

Join to get the flipside of crypto

newsletter-icon

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

    You can always unsubscribe with just 1 click.

    This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

    Author

    Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).