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Decentraland, the Ethereum-based virtual reality platform, has introduced new features for its users recently, leading to a significant spike in the value of its token, MANA. MANA is currently trading at $0.698 with a 2% decrease in the past 24 hours and closed the previous weekly candle with an 83% gain. The new features, which include the ability to link profiles, differentiate nametags, and highlight avatars, have been well-received by users if the token's price is any indication.

Decentraland's price increased dramatically as a result of its collaboration with the Australian Open and high GitHub activity. Decentraland (MANA) has surged 70% over the last week, reaching $0.70 at the time of publication which is just slightly less than MANA's pre-FTX crash price of $0.7137.

Decentraland (MANA) has recorded a strong performance over the past week, growing 73% to $0.7090 at the time of press. The post Decentraland shoots up 73% to pre-FTX collapse level appeared first on CryptoSlate.

Catch up on the latest crypto market news at The Currency Analytics. It is interesting to see Crypto and NFT projects living through the bear market.

The metaverse tokens were one of the highest gainers of the early 2023 recovery rally. As a result, the Decentraland token(MANA) witnessed a significant inflow and triggered a U-shaped recovery from the low of $0.287.

Mana, the native token of 3D virtual world platform Decentraland, is on a sustained surge since December 30th 2022. 

They are among the best performing cryptocurrencies

The cryptocurrency market has witnessed a 1% rise in value in the past 24 hours, with its total cap reaching $1.02 trillion after a very strong weekend. This figure represents a 17% rise in a week and a 21% gain in a month, as improved US inflation data and other welcome macroeconomic indicators suggest the beginning of the end for 2022's global downturn.

Despite the fact that the performance of a large number of cryptocurrencies has improved in the last few weeks, certain assets are still worth monitoring due to their rate of increase and their potential impact on the entire cryptocurrency market. For the week beginning January 16, these top 5 crypto should be on the radar of investors.

Start of Australian Open impacts MANA's price

At the start of 2023, Decentraland [MANA] added new features for users on its ecosystem, and noted that it's just “the beginning.” According to the announcement, the DCLcitizens, as they are popularly called, will be able to link profiles, differentiate nametags, and also highlight avatars.

The metaverse was hot again this week, but that surge in enthusiasm may not last.

The cryptocurrency market has risen by 2.5% in the past 24 hours, arriving at a total cap of $945 billion as it continues to ride a wave of positive economic data. Its current value represents an 11% gain in the past seven days, as positive US inflation figures and signs of growth from European economies suggest that the global economy may be over the worst of 2022's downturns. 

The Decentraland token has been in a direction uptrend since the beginning of 2023. This rally, backed by the increasing volume of activity, reflects a sustained recovery for coin holders.

As recession fears wane, metaverse and NFT-related coins, like Decentraland's MANA, posted positive gains.

After a 2022 in tears and blood for almost all cryptocurrencies, the new year opened with a green sign, but with an apparent change of direction (too little time to be sure) strong volatility also returned, with this article we try to analyze the most important realities touching on various aspects, metaverse with Decentraland, Chainlink, memecoins courtesy of Dogecoin, and Avalanche.

Cantering Clark makes bullish calls for MANA, APE, and FXS.  His analysis comes as the entire crypto market has surged in the last week.

A closely followed crypto trader says Decentraland (MANA), ApeCoin (APE) and Frax Share (FXS) are setting the stage for big rallies. The pseudonymous trader Cantering Clark tells his 156,700 Twitter followers that the metaverse protocol Decentraland is showing a short bear squeeze, signaling further upside. “GameFi and metaverse pumping.

Increasingly aimed at gaming and metaverses, let's take a look at some realities of the crypto world that embrace the new course of social media and Play to Earn.

Metaverse-related cryptos have been hit hard, but they may be set up for a nice rally.

Amid the new year recovery in the crypto market, the Metaverse tokens have shown higher gains than the rest of the market. Moreover, the sustained rally in a majority of meta tokens has breached their respective crucial resistance zone, which could offer long entry opportunities to interested traders.

Metaverse tokens: Many in the computer industry believe that the metaverse is a vision of the internet's future evolution. Humans can experience life in this single, shared, immersive, persistent, 3D virtual environment in ways that are impossible in the real world.

Amid the recent consolidation phase in the crypto market, the falling MANA price found support at the $0.29-$0.2975 mark. While market participants remain uncertain, the price action walked sideways and created a narrow range between the mentioned support and $0.357 resistance.

The Chicago Mercantile Exchange (CME) announced the launch of reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) on Jan.30.