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The cryptocurrency market welcomed 2024 with bullish promises for each sector, and experts anticipated historical all-time highs this year. Metaverse project Decentraland (MANA) seemed to have all it takes for a bull ride, though the outcome hasn't been as encouraging.
Another spike in Bitcoin to $61K for the seventh time since August 8th means the altcoin market is heading to the $1 trillion mark. As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases. With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.
Compared to the past month, the native token of the Decentraland platform has fallen by 15%. However, over the past week, it has increased by approximately 4%.
The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA's price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick pattern.
MOG Coin, Stellar and Decentraland are our top choices for cryptocurrencies to watch this week, following their contributions to the recent market rebound.
As the broader cryptocurrency market faces a downturn, marked by a 3% drop in Bitcoin's price and a similar decline in Ethereum, Decentraland (MANA) stands out as a resilient performer. Despite the prevailing market conditions, MANA is showing signs of potential recovery.
Most cryptocurrencies are facing a drop in the crypto market, causing significant pressure. Bitcoin price, commonly viewed as an indicator of the market, has decreased by around 3%, pulling the wider market down with it.
The cryptocurrency market has displayed a bullish bounce after trading under a bearish sentiment for the past few days. Notably, the market valuation has recorded a jump of over 3% with the price of Bitcoin successfully reclaiming the $57,000 mark.
A proof-of-stake blockchain leapfrogged the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top non-fungible token (NFT)-related crypto project in terms of development activity, according to the analytics platform Santiment. Santiment notes that Flow (FLOW), a layer-1 permissionless blockchain, registered 190.77 notable GitHub events in the past 30 days, compared to 144.
In a monumental development that is reshaping the landscape of blockchain gaming, MultiversX has surged ahead of its competitors, establishing itself as the new leader in the industry. This groundbreaking shift comes at a pivotal moment when the gaming world is undergoing unprecedented growth and innovation, with virtual worlds becoming increasingly immersive and decentralized.
MANA investors might take heart from the higher dev activity, but that's just the tip of the iceberg.
A layer-1 blockchain passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to the analytics platform Santiment. Santiment notes that MultiversX (EGLD), formerly known as Elrond, registered 236.93 notable GitHub events, compared to 150.4 events for Decentraland.
Crypto investors would be wise to keep their ears to the ground for any hot new cryptos entering the market as decentralized applications become ubiquitous. The Web3 revolution is one such growth area, with metaverse projects closing in on a $100 billion value.
Last month, we saw an uptick in trading activity across the cryptocurrency market. The US Securities and Exchange Commission's (SEC) approval of spot Ethereum exchange-traded funds (ETFs) fueled the global cryptocurrency market capitalization by 13% in the past 30 days.
One of the most anticipated speakers at Benzinga's 2024 Future of Digital Assets event is Kim Currier, head of marketing and partnerships at the Decentraland Foundation. Through her leadership at Decentraland, a pioneering platform in the Metaverse, Currier has made momentous contributions to the virtual reality and blockchain sectors.
While few sectors offer the exponential upside potentiality of the cryptocurrency market, not every idea is a winner, which brings us to cryptos to avoid.
A recent YouTube video analysis by Crypto Banter notes Bitcoin's current struggle to break through key resistance levels despite trading at $63,000. The inability of Bitcoin to reclaim $67,000 was highlighted as a concern for the broader market sentiment.
Cryptocurrency investment products saw minor outflows over the past week as investors became seemingly hesitant on the market ahead of Bitcoin's upcoming halving event, while volume rose from $17 billion to $21 billion, and various altcoins saw significant inflows.
A higher development activity means that the project is shipping more features, issue resolution, and is less likely to be a scam.
The digital currency landscape is constantly evolving, with numerous altcoins offering promising prospects for investors. Among these,play-to-earn (P2E) tokens are gaining prominence, distinguishing themselves from Bitcoin's towering presence.
Gaming cryptocurrencies were among the best performers during the weekend amid rising demand from day traders. Gala price surged by over 34% on Sunday as it surged to its highest point since August 2022. It has risen by over 400% from its lowest point in 2023, bringing its total market cap to over $1.8 billion.
Decentraland and The Sandbox have emerged as frontrunners in the race to define the future of digital interaction and ownership. These virtual worlds, built on the Ethereum blockchain, offer more than just entertainment; they are at the forefront of the #Web3 revolution, pioneering a new era of decentralized digital experiences.
As the larger part of the cryptoverse has been making advances unseen for years, some of its assets currently represent better investment opportunities than others and some of those are still priced in cents, promising future gains that could lead them to surpass the coveted $1 mark.
Crypto Price Prediction: The cryptocurrency market is riding on accelerated bullish momentum, following the lead of Bitcoin price. This leading digital asset showcased a sharp surge from $50600 to $62000 as spot BTC ETF experienced record high volume earlier this week.
