Latest News

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.

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.