By Lucas Williams
Briefly-
- MANA’s price has surged more than 14% over the last 24 hours.
- Decentraland introduced a snowball fight today, improving on-chain activity in the native coin.
- Analysts remain bullish on decentraland, predicting upward trend continues for the metaverse token.
Decentraland (MANA) witnesses increased capital flows as institutions invest in the metaverse. The alternative token has ensured continued upswings for the past fourteen days.
Analysts Remain Bullish on MANA, Forecasting another ATH
Decentraland has introduced a snowball fight to attract customers to the metaverse know-how. Moreover, the token has seen amplified on-chain activity within the last two weeks. Early on Friday, Decentraland posted about the snowball fight arrival early today.
The Twitter post attracted users to the metaverse capability. It also shares some gaming tips: not to consume the yellow snow. Gamers need to gather snow in empty parcels while watching the sky for any falling present.
Large wallet investors and institutions continue investing in virtual real estate within the Decentraland platform. Meanwhile, the metaverse coin had updated the capability, introducing night/day sky with features to improve the experience. Furthermore, creators might match the metaverse experience while referencing the night/day cycle since the sky’s state is predictable.
Experts trust that the Metaverse hype has begun. With that, they expect MANA price to continue surging, targeting new record highs. A pseudonymous crypto analyst @Hayess5178 trusted that MANA would preserve its uptrends.
Decentraland is among the leading price gainers within the Polygon network. The analyst believes MANA sustaining its action beyond the $3.17 resistance can support an upward move to $6.5 during the ongoing bullish run.
FXStreet analysts evaluated Decentraland price trends and forecasted that investors would continue booking profits. Such moves might maintain, translating to a dive in MANA price, hitting $2.75.
Nevertheless, MANA shows the potential to sustain the leg up. Also, the increased platform developments boost on-chain activity, supporting price increases. Moreover, experts believe metaverse is here to stay, eyeing bullish moves for the related tokens.
Moreover, the crypto space sustains a bullish outlook for now. Maintaining such trends will support crypto assets, including MANA.
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