Ethereum-based virtual world platform Decentraland (MANA) is outperforming the wider cryptocurrency market late Monday amid metaverse optimism.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | 12.4% |
| 24-hour against Bitcoin BTC/USD | 8.1% |
| 24-hour against Ethereum ETH/USD | 4.1% |
| 7-day | 37.8% |
| 30-day | -16.65% |
|
YTD performance |
-16.75% |
Why It’s Moving? MANA moved higher alongside other Metaverse plays like The Sandbox (SAND) and Enjin Coin (ENJ) at press time as the global cryptocurrency market cap remained flat at $1.7 trillion.
MANA gained traction among retail traders as the token trended on Stocktwits. The coin was also seen trending on CoinMarketCap price-tracking website.
Rapper Ice Cube offered a “guided tour” in Decentraland through a tweet on Monday. The artist said visitors could check out the “coolest show in town” titled “Man vs. Machine,” which contained art by him and Trevor Jones, a traditional painter who says he is fascinated with art and tech collaboration.
Meanwhile, a Chinese New Year Carnival, organized by Metaverse Labs, is also taking place on Decentraland.
Photo: Courtesy of Decentraland
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