- Analysts trust metaverse coins such as MANA increased ETH’s valuation via surged transactions.
- Decentraland is an Ethereum-based blockchain, so metaverse coin growth translates to high transaction volume in the Ethereum network.
- AI firm’s reports show that interest and metaverse land purchases may remain high.
- Experts trust MANA’s price might stabilize beyond the weekly support of $2.04.
An increase in digital land sales in Decentraland might translate to surged Ethereum valuation. Financial experts believe virtual real estate will see sales rising higher this year. Remember, the metaverse craze saw a boom towards last year’s end. Moreover, the sector has high growth potential in 2022.
MANA Real-Estate Sales Might Continue Increasing in 2022
Decentraland (MANA) is a 3D digital platform that utilizes the Ethereum blockchain. The metaverse project saw soared virtual land sales in the 2021 final quarter. Moreover, analysts remain optimistic about this user-owned crypto platform.
Recently, a predictive AI site NOW.ai reported that rentals and digital real estate purchases in metaverse might keep growing this year. That way, projects such as Decentraland might experience increased on-chain activity and adoption.
Decentraland’s increased utility means a spike in activity on Ethereum’s platform. A cryptocurrency proponent, Chris MacDonald, commented about metaverse projects on Ethereum during “The Crypto Show.” He trusts projects such as Decentraland remain vital for Ethereum’s blockchain prosperity.
Metaverse growth on Ethereum’s ecosystem supports the surged valuation narrative. A crypto trader @Mimi_crypto_god analyzed MANA price actions and forecasted the metaverse coin might maintain its moves beyond the weekly support of around $2.04.
FXStreet analysts believe Decentraland’s price sits at vital support and might witness a relief rally in the coming sessions.
The crypto space witnesses bearishness now as lows dominate the spectrum. While publishing this content, the overall market value plunged again after overnight recovery attempts. For now, the market cap hovers at $1.55 trillion, following a 6.78% drop within the past day.
Moreover, Bitcoin lost ground after stabilizing beyond the $35K level. While publishing this news, the bellwether crypto exchanged hands at $33,778.37. For now, investors may have to wait for upcoming sessions for directional bias by the global markets.
The information provided on this website should not be interpreted as financial or investment guidance and may not embody the perspectives of Forex Tools Trader or its contributors. Forex Tools Trader does not hold responsibility for any financial setbacks experienced due to the use of information provided on this website by its writers or patrons. It's essential to thoroughly investigate and make informed decisions before entering any financial commitments, particularly concerning third-party reviews, presales, and similar ventures. The content you are viewing may be sponsored content, read our full disclaimer to learn more.