Decentraland Blasts with Events despite Market Crash
- Decentraland booms with activity despite the ongoing bearish crypto market.
- Organizations and celebrities join the Metaverse to broadcast live events, giveaways, and host parties.
- Decentraland’s MANA leads the pack as far as Metaverse tokens are concerned.
Decentraland bursts with evens as organizations and celebrities host NFT giveaways, parties, and events. That comes as the global crypto market suffers sharp losses. Some of the awaited events in Decentraland are Comedy Decentral, Mic Drop Entertainment Festival, and Boy Gorge in Vegas City.
Many upcoming events on Decentraland might no longer be a surprise as the platform remains the leading destination for organizations and celebrities to host parties, NFT giveaways, and events. Top events on Metaverse so far are the new Galaxy smartphone launch by Samsung and Australian 2022 open live streaming.
Coinmarketcap ranks Decentraland’s governance token, MANA, 30th as far as market capitalization is concerned. Moreover, it is the top-ranked Metaverse currency. Meanwhile, Sandbox’s native token SAND ranks 37th. While publishing this content, MANA traded at $2.70, while SAND stood at $3.15.
The Metaverse is no longer a new concept. Furthermore, it has been here for many years now. Nevertheless, Facebook announcing plans to create a Metaverse saw the existing blockchain Metaverses gaining popularity.
Metaverse is a virtual world where gamers can interact for top-notch experience in the gaming world. Moreover, blockchain technology allows individuals to work within the Metaverse. The concept attracted many participants to chat and play different virtual games amid COVID-19 lockdowns.
Decentraland flourishes with events even as the crypto market suffers plummets. Bitcoin saw a sudden fall after media reports highlighted explosions in Ukraine. BTC plunged beneath the $35K mark, accompanying plunges in the US stock markets.
Remember, pundits had forecasted a Bitcoin move towards the $30K mark and below. The latest fall dragged BTC beneath the symmetrical triangle setup at $36,673, opening the road to a more 32% fall towards $25,039. Bitcoin can decline to the closest support at the 22 January low of $34,056 before hitting the 27 June low of $31,973.
Analysts advise traders to act with care before executing trades. The best thing might be waiting for what upcoming developments will bring.
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