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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.
With the Bitcoin price setting dominance above the $57,000 mark, the altcoins are rising to new heights. Amidst this bull run frenzy in altcoins, the gaming and metaverse tokens are gaining momentum. As per our last update, the Gala Games (GALA) and Decentraland (MANA) were ready for a breakout run.
Crypto Price Analysis: On Monday, the cryptocurrency market witnessed a modest uptick marked by a 0.15% jump in the total market cap to currently stand at $1.98 Trillion. However, the leading digital asset, Bitcoin continues to prolong its sideways trend below the $53000 barrier waning the bullish momentum in the broader market.
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications.
Story Highlights The live price of MANA coin is . MANA price could reach a maximum of $1.31 by the end of 2024. Decentraland price with a potential surge could go as high as $6.17 by the end of 2030.
The Decenraland (MANA) token wobbling near the apex of the triangle pattern indicates the price is poised for a decisive breakout. While the two converging trendlines currently bolster a highly volatile phase, an imminent breakout will bring a directional rally back to this asset.
Decentraland's priority strategy for 2024 is to float a new powerful Desktop Client.
Taking the clear path of a bullish reversal, the MANA price trend shows a potential bullish reversal. However, the bearish pressure shows a constant brawl at the 50% Fibonacci level, which reflects a strong secondary breakdown possibility.
As the crypto market marks another bearish week, the buyers are desperate for a reversal to avoid another crash. Amidst all this ruckus, the gaming tokens are slowly preparing for a trend reversal with a bounce back next week.
The Decentraland (MANA) price continues to display significant price volatility, suggesting a rise in the buying and selling pressure in the cryptocurrency market. Further, the MANA token has recorded a notable jump of 3% within the past day, indicating a bullish price action. The Decentraland price traded in a closed range between $0.4881 and $0.
Crypto Price Prediction: The cryptocurrency market deepens its correction phase as Bitcoin price dips below the $42000 mark on Thursday. With the sell-the-news theory for Bitcoin ETF, the altcoins witnessed highlighted supply pressure.
Underrated cryptos aren't just the cheapest available options. Instead, find cryptos with real world utility and swelling sentiment.
In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued.
MANA/USDT chart and technical analysis MANA/USDT has been in a bearish trend since the price peaked at 0.6062 in the bullish rally. The price has dropped 35% since then and is likely to drop further in the coming days. The market structure is bearish and bears have dominated the market at the moment.
