MANA Tokens Skyrocketed Over 90 Percent in The Last Two Weeks, Here's Why!

MANA cryptocurrency experienced an increase in early January. (Photo; Doc. Coin Journal)

JAKARTA - Decentraland (MANA) has experienced a significant increase in value in the last two weeks. This metaverse token experienced an increase of 98.2 percent which is believed to be due to the recovery of the cryptocurrency market after experiencing a shock at the end of 2022.

This is quite a significant upgrade, especially since there hasn't been much news or developments on the token in recent months.

Decentraland is a blockchain platform that enables users to create, experience and monetize content and applications in a virtual world. This platform uses its native token, MANA, to carry out transactions in a virtual environment.

Launching U.Today, in 2021, there has been considerable interest in blockchain-based metaverse platforms, and Decentraland has become one of the major players in this sector, with an average of 8,000 unique daily users.

This is thought to be due to Decentraland's unique feature of virtual lands, where individuals and organizations can host their own virtual worlds and their avatars can interact in worlds different from reality.

Decentraland offers a wide range of possibilities for users to create content, including games, educational applications, art exhibitions and other creative endeavors. Developers can also create decentralized applications integrated with the platform, providing new opportunities for interaction and monetization.

There are several factors that cause the MANA token price to increase. One of them is the increasing interest from investors who want to invest in altcoins. However, another factor that might influence the price increase is the development implemented by Decentraland in its virtual world.

Some of these developments include updates to user profiles that allow users to add personal links to present themselves, highlight avatars, new user profiles, new friend request flows and different name tags.

Apart from that, Decentraland will also host Metaverse Fashion Week 2023 which is expected to attract the attention of investors and lead to increased attention towards the token. This also has the potential to attract Ethereum's interest in accumulating altcoins.

However, at the time this article was written, the price of MANA had decreased by 4.9 percent in the last 24 hours. Currently, MANA is traded at IDR 9,947 according to Coingecko data.