After seeing a dramatic price increase over the previous 24 hours, Decentraland (MANA) is now clearly leading the charge among altcoins. The metaverse-focused token has increased in value by 10.26% throughout that time period, topping a spot price of $0.5193. This strongly suggests to the larger ecosystem that a token’s inherent usefulness may always take it to new heights.
MANA is a high flyer, but the crypto winter has severely bruised the digital currency, causing it to fall more than 91% below its all-time high (ATH) price. Although the present price increase is far from ideal for aiding it in returning to its successful ways, it is certainly a source of inspiration for the majority of community members who may otherwise feel that the token has little or no space for growth.
The reasons for this recent spike are plausible and founded on the belief that Decentraland is still firmly dedicated to all of its metaverse projects. The protocol unveiled a number of fresh integrations, including the May 19 metaverse party with well-known DJ Dillion Francis and a gamified store from NFTLabs.
Decentraland’s present ecological operations might be seen as a wake-up call for the locals to continue believing in the project’s long-term possibilities.
Are metaverse tokens returning to spotlight?
Metaverse tokens were at the forefront of the ever-evolving evolution of digital currencies prior to the appearance of the crypto winter. Decentraland, The Sandbox (SAND), and Axie Infinity (AXS) were among the most cutting-edge cryptocurrencies introduced at the time, but their appeal has since diminished.
MANA is up 10%, Axie Infinity is up 14% to $7.78, The Sandbox is trading at $0.5333, up 5.82% over the previous 24 hours, and MANA is up 10%. The fact that metaverse coins are currently growing while Bitcoin (BTC) and other popular altcoins are declining is a sign that interest in them may be returning.
