• Decentraland price has posted over 14% gains in the past 24 hours.
  • The metaverse ecosystem launched a snowball fight earlier today, boosting the on-chain activity in its native token MANA.
  • Analysts are bullish on Decentraland price, predict continuation of rally in this metaverse token. 

Decentraland popularity is on the rise as institutional capital flows into the metaverse. Decentraland price has continued its uptrend through the past two weeks.

Analysts have bullish outlook on Decentraland, predict another all-time high

Decentraland has launched its snowball fight to lure users to the metaverse experience. There is a spike in on-chain activity in the token over the past two weeks. Decentraland tweeted about the greatest snowball fight of the metaverse earlier today. 

Institutions and large wallet investors continue acquiring digital real estate in the Decentraland metaverse. 

The metaverse token recently upgraded the experience and introduced a day/night sky with features for powering experiences. The state of the sky is predictable, and creators can tailor metaverse experiences with reference to the day/night cycle. 

Analysts believe that the metaverse hype has just started, and MANA price could continue its uptrend, on track for the next all-time high. @Hayess5178, a pseudonymous cryptocurrency analyst, believes that the MANA uptrend is likely to be preserved. 

FXStreet analysts have evaluated MANA price trend and predicted that profit-taking by investors is likely to continue. This trend is expected to remain the same, and MANA price could dive to $2.75. 

 

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