Over the last month, MANA’s price has increased substantially, jumping more than 38% to $0.0964, giving the project a $100.9 million market cap.
Decentraland recently hit a new record for a single LAND purchase. Less than a week ago a 126-parcel piece of LAND was purchased for 2.7 million MANA ($215,000) by an unidentified individual or organization. The purchase was made via the project’s built-in marketplace that allows users to buy and sell parcels of LAND with MANA.
Decentraland has also seen progress with its onboarding of third-party game developers. Most recently, Axie Infinity, a new blockchain-based collectibles game that features PvP battles, announced that it is coming to Decentraland.
While Decentraland is still up around 545% since launching in 2017, the project has been in a downtrend for most of the year. MANA is currently the 63rd largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
More: AltDex 100 Index
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.