Why Decentraland (MANA) Price May Skyrocket Within Next Few Days?
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Samsung’s announcement with Decentraland (MANA) has already shifted the momentum for the coin. The South Korean corporation has dropped some hints of its upcoming events with metaverse in Decentraland.
Decentraland (MANA) price has surged by 16% in the last 24 hours and almost 26% in the last 7 days. The reason behind this jump has been related to Decentraland’s upcoming mega-events.
What is Samsung’s 837X?
Samsung 837X is a fully immersive experience, featuring quests, NFT prizes, product reveals events and live performances by the South Korean giant. Samsung 837X is a blockchain-powered virtual space, where users can buy and sell exclusive digital assets, like land NFTs, wearables, and more. To be a part of 837X, one needs to connect using Decentraland platform.
What’s happening in Decentraland?
Decentraland has already attracted many big investors. Tech giant Microsoft is pushing $69 million to aid in Decentraland’s open source development. Earlier, Samsung opened the doors to its 837X on January 6th, 2022 so that users can explore an immersive world virtually. Decentraland has already announced its Metaverse Fashion Week, a 4-day event featuring multiple global brands which will kick off from 24th March, 2022. Users can watch fashion shows, attend after-party music sessions and purchase virtual clothes during this event.
Decentraland declared it “2022 Manifesto” on 1st February, 2022 which triggered euphoria among its community.
Can MANA price Break $3.9 this week?
After facing a massive bearish sentiment in January MANA is trading at $3.04 at the press time with a rise of almost 17% in last 24hrs. As per CoinGape markets,
The bulls have breached a crucial shared resistance of $2.9 and 50-day SMA, indicating the buyers are ready to initiate a recovery rally. If the coin provides a daily candle closing above this resistance, the buyers would drive the alt to $3.43 or $3.9.
Source: CoinGape Markets
As millennials and youth are growing their interest in the Metaverse, Decentraland is gaining more and more momentum. The project which caters to the virtual world has now become a one-stop destination for many mega organizations to set up their virtual stores.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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