This weekend, the price of the Decentraland token (MANA) reached a new all-time record.
According to CoinGecko, MANA is trading at $2.76 with a 24-hour trading volume of $8,982,351,925 and a capitalization of $3,755,578,786 at the time of writing.
The price of MANA increased by 300% in 24 hours and then fell to current values. At the same time, the profitability of the coin for the entire time is 13711.4%.
Decentraland is a decentralized virtual reality platform based on Ethereum. MANA coin, an ERC-20 token, through which you can create, develop and monetize your virtual world in the metaverse.
The Decentraland platform launched in 2017, after raising $24 million during a successful ICO. The average price of a coin fluctuated around $1.
The sharp price movement may be due to the recent Facebook rebranding to Meta. This has caused an explosion of interest in the NFT market, as well as drawing attention to the metaverse.
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