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Despite a Bearish Market, Decentraland Sees a High Level of Activity with Events and Giveaways -Breaking

by Mike Robinson

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Decentraland is still active despite a bearish market. Events and giveaways are a big part of the activity

Decentraland saw a great deal of activity, as both celebrities and organizations worldwide are hosting parties, events, giveaways, or non-fungible tokens.

Decentraland has several upcoming events that have attracted a lot attention. These include Comedy Decentral and Boy George Live in Vegas City. Decentraland was the first Metaverse to have a JPMorgan branch (NYSE:).

Moving ahead

The upcoming events planned to occur within the world of Decentraland aren’t a surprise because Decentraland has become a top destination for celebrities and organizations that can host events, parties, celebrations, and even NFT giveaways.

The Metaverse’s most-watched events were, so far, the stream of the Australian Open and Samsung (KS) launching new Galaxy phones.

CoinMarketCap has ranked Decentraland’s native cryptocurrency token, MANA, on the 30th spot in terms of market capitalization.

Source: CoinMarketCap

The 38th place is occupied by the SAND token. This native token is behind the metaverse rival known as The Sandbox. Currently, MANA’s price is $2.28.

The Flipside

  • Decentraland is not a new concept and has been around for several years, so despite the recent increase in popularity after Meta’s announcement for the Metaverse, this project always had a lot of backing behind it.

Why you should care

The market for cryptocurrency has been down recently, but Metaverse-based projects like Decentraland have thrived. MANA has also been among the most popular Metaverse tokens. This shows just how many people are interested in this space.

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