{"id":145150,"date":"2021-11-19T05:08:17","date_gmt":"2021-11-19T05:08:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145150"},"modified":"2021-11-19T05:08:17","modified_gmt":"2021-11-19T05:08:17","slug":"decentraland-price-up-25-market-cap-about-to-surpass-the-1-metaverse-project","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/decentraland-price-up-25-market-cap-about-to-surpass-the-1-metaverse-project\/","title":{"rendered":"Decentraland Price Up 25%, Market Cap About to Surpass the #1 Metaverse Project"},"content":{"rendered":"
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Decentraland price is up over 25% today, making it the biggest gainer on Crypto.com. With a 24 hour trading volume of $6.9 billion and a market cap of $7.4 billion, it’s clear that Decentaland is racing it’s way to the top. Let’s take a closer look at Decentraland and see why the price is rising so much.<\/strong><\/p>\n Just to make sure we’re all on the same page, Decentraland is a blockchain-based virtual metaverse, allowing users to purchase plots of lands, customize them, and interact with other users in the virtual world.<\/p>\n <\/p>\n The most recent announcement when it comes to Decentraland, is their partnership with the Government of Barbados, establishing the world’s first metaverse embassy.<\/p>\n Welcoming the government of a nation to the metaverse is a first in the crypto world. Establishing an official embassy in a virtual universe is sure to bring attention to Decentraland, and cryptocurrency in general.<\/p>\n With a market cap of $7.4 billion, Decentraland is about to overtake one of the biggest metaverse projects, Axie Infinity, that has a market cap of $7.7 billion.<\/p>\n Earlier today, we reported why Decentraland is the best Metaverse project on the market right now, and the recent price increase only goes to show that traders agree.<\/p>\n With a fully functioning app open to the public since February of 2020, it only makes sense that Decentraland establishes itself as the leader in crypto’s Metaverse sector.<\/p>\n Moreover, Decentraland already has an active community of users that’s growing every day. Below you can see just a small portion of some of the upcoming events on Decentraland:<\/p>\n <\/p>\n Overall, Decentraland is a great long term pick. As the Metaverse hype picks up, the leaders in the space will see the most amount of growth.<\/p>\n As the most popular Metaverse project right now, I wouldn’t be surprised to see MANA’s price double by the end of the year.<\/p>\n Disclosure: This is not trading or investment advice. Always do your own research before buying any cryptocurrency.<\/em><\/p>\n Follow us on twitter\u00a0@nulltxnews\u00a0to stay up to date with the latest cryptocurrency news!<\/strong><\/p>\nWhat Is Decentraland?<\/strong><\/h4>\n
Why Is Decentraland Price Rising?<\/strong><\/h4>\n