• Decentraland’s native token MANA recently experienced a 70% surge within the past week.
• Other notable gaming and metaverse tokens such as Gala Games and The Sandbox have also experienced marked rises in the last seven days.
• The digital currency changed hands at $0.67 as of press time.
Decentraland’s native token MANA has been on a roll since the end of December last year. After hitting a base of $0.284 at the end of December, the metaverse coin has seen a surge of 70% within the past week, with 14 out of the 16 days since then seeing an upswing. The digital currency has since changed hands at $0.67 as of press time, with an increase of 22% in the past 24 hours.
The surge of MANA is part of a broader trend of positive investor sentiment that is driving the broader crypto markets. This has been seen with smaller market cap digital currencies experiencing marked rises in recent weeks. Other notable gaming and metaverse tokens have seen their own surge in the last seven days, such as Gala Games (GALA) with a 30% increase, and The Sandbox’s SAND 32% surge.
The surge of MANA has been largely attributed to the improved macroeconomic metrics that have been seen in the recent weeks. This has created an atmosphere of optimism in the markets and has been a key driver in the positive performance of digital currencies. With the positive sentiment in the markets, it is likely that MANA’s surge will continue in the coming weeks.