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Over the past ten days, Bitcoin [BTC] has stubbornly traded within the $27.7k-$28.7k. Neither the bulls nor the bears had the strength yet to push beyond this near-term range.
According to a recent article on IT House, the decentraland virtual real estate market in Metaverse is expected to experience a significant increase in prices in the coming years.
Fidelity International has announced the launch of the Fidelity International Campus within the metaverse platform, Decentraland ($MANA). According to a press release shared with CryptoGlobe, this innovative project aims to promote financial literacy and educate users on the importance of financial planning, money management, and investing in an immersive virtual environment.
MANA token has gained 10% on the heels of the recent Metaverse Fashion Week event. On-chain data suggests that Decentraland is poised to build on the recent price surge.
The cryptocurrency market is buzzing with excitement as several projects gain traction today. The top 5 trending cryptocurrencies are Swipe (SXP), Zilliqa (ZIL), Dogecoin (DOGE), Hedera Hashgraph (HBAR), and Decentraland (MANA).
On-chain data reveals a link between the recent price slump and the persistent drop in the Decentraland user base growth rate.
The metaverse real estate market is still chugging away, despite an early bubble.
The increasing FUD in the crypto market has limited bullish growth in the majority of major cryptocurrencies. However, this ongoing consolidation phase could follow buyers to recuperate the exhausted bullish momentum and resume a sustained uptrend.
In the past week, MANA has turned bearish, and at press time, the altcoin continued to show similar trading patterns. On higher time frames, the coin was negative, with selling strength remaining considerably higher than buying pressure.
A large part of the crypto ecosystem experienced unusual inaction in the just-ended 24- 26 March weekend.
In a previous report, it was highlighted that the market structure of MANA was bearish on the higher timeframes. This seller-favored outlook has not yet changed as the price action continued to support a bearish bias.
Bitcoin (BTC) has maintained its position as the top digital asset since the inception of cryptocurrencies, achieving massive success in price growth and adoption despite phases of volatility. This success has led to other assets seeking to emulate the maiden crypto, with investors also on the lookout for the next big thing in the market.
The crypto market's recent recovery has hit a minor roadblock as increasing FUD (fear, uncertainty, and doubt) among market participants has caused some hesitation. However, a temporary consolidation period could potentially benefit buyers, allowing for a recovery of bullish momentum and extending the positive trend observed over the last couple of weeks.
It is worth mentioning that GMX is a DeFi platform, built on the Arbitrum (Ethereum L2) and Avalanche network, which allows trading through perpetual futures up to x30 leverage on the most well-known crypto assets
Most investors know that tokens that provide utility to the ecosystem that they help function generally make much better investments, as unlike coins that do not provide utility like meme coins, utility tokens will benefit from a consistent buying pressure brought about by the required use of the token.
The metaverse is a rapidly evolving virtual world that is becoming increasingly popular among crypto enthusiasts. As more people become interested in the metaverse, there has been a surge in the popularity of metaverse tokens.
Decentraland performed extraordinarily well in 2023. Its native token saw a sharp retracement in February and March on the price charts.
Following last weekend's market-wide decline in price for several crypto assets, leading metaverse tokens Decentraland [MANA] and The SandBox [SAND] were amongst the best performers in the week. Per data from CoinMarketCap, both assets recorded double-digit gains in the last seven days.
There is no doubt that ongoing news about the US banking crisis and news about AI developments have given wings to the entire crypto world, including Cardano, Decentraland, and The Graph.
This Fool almost gave up on digital real estate, but here's what stopped her.
Sharing a statistically significant positive correlation with Bitcoin [BTC], the rally in the king coin's price due to Federal regulators' decision to restore all deposits at Silicon Valley Bank (SVB) has resulted in price gains for Metaverse tokens like Apecoin [APE] and Decentraland [MANA].
Decentraland [MANA] broke below its consolidation range of $0.8254 – $0.6314 in early March, attracting aggressive selling afterward. At press time, the virtual reality blockchain platform's token struggled to maintain its half-dollar value.
The metaverse has been a popular place to invest, meaning capital flows matter a great deal to these projects.
The future of finance is here, and it is in the form of cryptocurrencies. With the world of crypto constantly evolving, it is crucial to stay ahead of the game and know what's on the horizon.
