Decentraland Might Lose Its 35th Rank With MANA Price Dropping 25% !

The post Decentraland Might Lose Its 35th Rank With MANA Price Dropping 25% ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto market’s diverse sectors such as NFTs and metaverse have been gathering prominence irrespective of the price trajectories. To a degree that, inhabitants from the crypto town have been learning the diversity of the business. As projects from the world of metaverse have engraved astounding metrics for the bygone year. 

Successively “Decentraland”, metaverse’s boast-worthy contender has been compounding its traits. Which has been persuading the adoption of the project to a greater scale. The community has been cherishing notable events, a recent one comes as 21Shares launches the ETP focussed on Decentraland. Moreover, the community has been an audience to a rise in events being organized in Decentraland. 

Does Decentraland Stand Firm Against Emerging Projects?

  The world of metaverse which fairly remains untapped has been welcoming a number of projects which are under development. The growing prominence of upcoming projects has enticed the interests of the masses. However, established projects have been trekking higher peaks. Decentraland now adds another feather to its cap as 21Shares launches the first ETP on MANA.

The executives of 21Shares cite that, adding the world’s first NFT and single metaverse ETP to its suite, in its view to making crypto accessible to the masses. The initiative would be offering its clients access to the latest Web 3.0 use case. Which could fuel the propulsion of MANA price. 

In contrast, Galaxy Unpacked’s live streaming was hosted from Samsung’s 837X virtual store in Decentraland recently. The electronics giant’s ongoing event in Decentraland gives contenders a chance to win NFT drops and clean up things on Earth. Successively, Decentraland has emerged as the new home for events.

The latest event to house in Decentraland comes from a well-known DJ, Musician, producer, and metaverse enthusiast RAC. The musician launches a dedicated HQ for his all-new Web 3.0 project. The event is scheduled for the 10th of February from 6:00 pm to 8:00 pm UTC. 

Another event for the day is scheduled at 10 pm UTC, which is the 2nd annual NFT awards ceremony. The NFT awards ceremony will be hosted by Enjin, at the Crypto Valley Convention Center (65,17). The event will be honoring potential NFT projects from varied sectors. The event will be a host to notable industry personalities as judges.

Summing up, Decentraland has been the front runner in the sprawling world of the metaverse. Which has been influencing a number of emerging projects, while being a challenge to rivals. Successively, MANA has been escalating at an astounding pace since the past year with its YTD returns of 1192.6%. 

The digital asset has picked up pace from the recent bottom by traversing over 100% off-late. The growing count of events will only further propel the price to greater heights. Which would further embrace the mushrooming sector.