73% Price Increase for Decentraland

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ecentraland's price skyrocketed 73% following the announcement of its Australian Open partnership and a flurry of GitHub activity. This marks an impressive recovery back to pre-FTX collapse levels!

It's been a week of success for Decentraland (MANA) as it has surged 73% to $0.7090 at the time of writing, only marginally lower than its pre-FTX collapse cost of $0.7137. This stellar performance is sure to continue in the near future!

Since the beginning of January, cryptocurrency has seen a remarkable push forward; having gained an immense $156 billion, leading to a major increase in token prices all around.

Over the past period, Aptos witnessed the most impressive price surge among the top 100 projects at 77%, followed by Decentraland and Helium with 54%. Despite the fact that our limited information does not definitively suggest this bear cycle is coming to an end, it's clear these signifying signs of recovery have sparked a sense of hope for what lies ahead in 2021.

After witnessing a local low of $0.2858 in December 2022, Decentraland has been on an upward trajectory ever since. On Jan 13th, the stock experienced an impressive 34% rise before closing marginally lower at the end of trading day. Over subsequent days, Decentraland continued to show strength with large swings pointing up and eventually reached its peak price just below its pre-FTX breakdown level today (Jan 16).

Decentraland recently declared victory on AOMetaverse with the words "Game, Set, Match!", providing a unique way for everyone to experience the Australian Open tennis tournament in an alternate digital universe.

You can witness matches in Decentraland as if you were at a real-world fan parks, all from the comfort of your own home. In addition to viewing these games, users are also invited to partake in activities such as “New AO Tennis Club” and “Beach Bar” challenges: creating an immersive experience that is truly unique within the Metaverse.

Mike

An editor at Coincrop

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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.