Decentraland’s MANA token hits record high After the sale of virtual real estate

Decentraland’s MANA token hits record high, hitting $5.84 for the first time. It has increased by almost 40% over the past seven days.

The platform token now has a reported market capitalization of $9.2 billion, according to Messari.

“Investors are still looking to take advantage of the metaverse trend since the Facebook rebrand,” said Juan Pelicer, analyst at IntoTheBlock.

Pelicer said MANA’s latest wave of transactions above $100,000 could signal institutional demand.

He also noted that the recent sale of the virtual land has once again gained Decentraland’s attention. This could help drive prices. Earlier, Reuters reported that Metaverse Group, a subsidiary of Tokens.com canPurchased virtual real estate in the Decentraland metaverse for 618,000 MANA, equivalent to approximately $3.2 million.

Like other gaming-related tokens and metaverse, it also traded higher, with SAND. of Sandbox Hit the record high after news of the arrival of Adidas.

by Sandbox, owned by a Hong Kong-based game software company. Animoca Brands announced that it will be launching part of the metaverse Alpha on Nov 29th, offering users the chance to win up to 1,000 SAND and exclusive NFTs.

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Decentraland’s MANA token hits record high After the sale of virtual real estate appeared first on Bitcoin Addict.

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