Decentraland’s MANA Token Up 70% in a Week, Other Metaverse Tokens Follow

• Decentraland native token MANA surged 70% within the past week, hitting a high of $0.67.
• This surge is due to increasing positive investor sentiment in the broader crypto markets and strong performance by metaverse tokens to begin the year.
• Other notable gaming and metaverse tokens such as Gala Games (GALA) and The Sandbox’s SAND also experienced marked rises in the last seven days.

Decentraland’s native token, MANA, has experienced a remarkable surge in the past week, rising 70% and hitting a high of $0.67. This surge was sparked by increasing positive investor sentiment in the broader crypto markets and strong performance by metaverse tokens to begin the year. The token hit a base of $0.284 at the end of December 2022, but has experienced an upswing in 14 of the subsequent 16 days since then.

Other notable gaming and metaverse tokens have also seen marked rises in the last seven days. Gala Games (GALA) has risen 30%, while The Sandbox’s SAND has seen a 32% surge in the past week. This trend is due to the improving macroeconomic metrics and growing investor interest in digital currencies with smaller market caps.

The MANA token is currently trading at $0.67, and although it has eased some of its intraday gains, it is still up 22% in the past 24 hours. The sustained surge of the MANA token is likely to continue as the industry continues to gain traction and more investors begin to pour money into the digital space. Decentraland’s platform has seen increasing adoption and with that, the demand for its native token is likely to increase even further.

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