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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.

On Jan.6, Decentraland announced its first-ever metaverse architecture and design biennale embassy.

The metaverse embassy will be the first metaverse architecture and design biennale, exhibiting various architectural pieces in the competition.

The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.

“VR has always been part of Decentraland's vision,” a developer working on the platform's VR client told Cointelegraph.

Non-fungible tokens (NFTs)-related cryptocurrencies surged Thursday on the report that the asset class did not perform poorly in 2022, despite the bear run. According to data from DappRadar, NFT sales volumes in 2022 ducked to $25.1 billion from $24.7 billion in the prior year.

Hytech's global brand launch event recorded the most visitors in an hour in Decentraland. 

Even though the cryptocurrency industry is still picking up the pieces from the devastation caused by the FTX crash in 2022, blockchain development teams across the main networks are building and expanding throughout their ecosystems as 2023 gets started.

To conclude, the SAND and Decentraland short-term price predictions are both bullish. However, the outlook is slightly more favorable for SAND due to the fact that it has already broken out from its descending resistance line.

In the last 24 hours, the prices of metaverse tokens such as ApeCoin (APE) and Axie Infinity (AXS) have risen by around 6%. According to Coinmarketcap, APE is up 6% to $3.86, Axie Infinity's AXS rose 6.74% to $6.40, while The Sandbox's SAND rose 4.8% to around $0.40.