Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.
Decentraland's native cryptocurrency, MANA, has seen an astonishing 70% increase in value over the past week, reaching its highest price in nine months. This surge is part of a broader movement within the Metaverse sector, where virtual world-related tokens are experiencing a revival.
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications.
Non-fungible tokens are gradually rebuilding momentum with MANA and SAND now soaring to new weekly highs.
MANA, Decentraland's native cryptocurrency, has seen an impressive 70% price increase over the past week. This MANA crypto price surge is part of a broader rally in Metaverse-related tokens, which has caught the attention of the market.
With the broader market recovery, the altcoin segment has been set ablaze. In this heating demand, the Metaverse tokens are making a comeback. With Decentraland and Sandbox tokens surging nearly 200% in the past three weeks, the bull run is aiming for an extended rally.
The non-fungible tokens (NFTs) sector has seen prolonged underperformance as trends such as meme coins, RWA, and AI dominate the cryptocurrency marketplace. However, the emerging bull run, where Bitcoin stares at the $100,000 milestone, has invigorated each sector. CryptoSlam data shows NFTs performed well over the past few sessions.
For quite a long time, NFT space remained under shadows as the newly created space has dominated the crypto markets. Moreover, the rising interest of the market participants in memecoins had prevented the other segments of the crypto space to thrive.
As Bitcoin (BTC) closed the third consecutive week in the price discovery phase, the altcoin space gained significant bullish sentiment. During the past week, the altcoin market – led by Stellar Lumens (XLM), Decentraland (MANA), and The Sandbox (SAND), among others – registered palpable gains.
This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.
The crypto market is expecting Bitcoin price to break the $100k mark imminently, with analysts saying the altcoin season is next. Meanwhile, Solana, XRP and Cardano have soared to new highs after the SEC Chair announced he will be leaving the agency on January 20.
Decentraland has introduced Decentraland 2.0 beta for desktop clients.
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) clocked more notable development activity than any other non-fungible token (NFT) project in the past month, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 168.17 notable GitHub events in the past 30 days.
Bitcoin failed to hold above $62,000 as the crypto prices continued to battle sell-off pressure in a month that has historically been bullish. Several altcoins are however likely to mirror BTC's holding of support near $60k, including Tron (TRX), Worldcoin (WLD) and Decentraland (MANA).
Users were tricked into connecting their wallets to a phishing site, leaving them vulnerable to financial loss.
Decentraland's X account was hacked to promote a phishing scam advertised as a MANA airdrop.
Decentraland's X account was compromised in a phishing attack. PeckShield warns users to avoid interacting with the compromised account.
Decentraland's official X account was hacked, which allowed the attackers to distribute a phishing link masquerading as a MANA token airdrop.
Virtual reality-focused project Decentraland's X account was compromised earlier today to promote phishing links. According to PeckSheild alert, on Sept.
The fraudulent post on Decentraland's X account promoted a fake MANA airdrop with a phishing link, prompting users to connect their cryptocurrency wallets to claim the tokens.
PeckShield warns Decentraland followers of an ongoing phishing attack using a fake MANA airdrop, urging users to avoid interaction.
Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing.
MANA reclaimed key support at $0.26, but that alone might not work out!
Three tokens have significant short interest and may see a squeeze of those positions. MANA, GRT and AAVE can extend their gains, erasing the accumulated short positions.
Aave, The Graph and Decentraland could see significant spikes due to notable declines in their funding rates.
Decentraland (MANA) is at a critical juncture as it faces a key trendline retest that could determine its next major move. With the price hovering near a crucial support level, market watchers are keen to see whether MANA will hold the line and spark a bullish reversal.
GeForce NOW adds 'Visions of Mana', 'Star Wars Outlaws', and 'Call of Duty: Black Ops 6' Open Beta to its cloud gaming library.
The cryptocurrency market welcomed 2024 with bullish promises for each sector, and experts anticipated historical all-time highs this year. Metaverse project Decentraland (MANA) seemed to have all it takes for a bull ride, though the outcome hasn't been as encouraging.
Another spike in Bitcoin to $61K for the seventh time since August 8th means the altcoin market is heading to the $1 trillion mark. As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases. With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.
Compared to the past month, the native token of the Decentraland platform has fallen by 15%. However, over the past week, it has increased by approximately 4%.
The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA's price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick pattern.
MOG Coin, Stellar and Decentraland are our top choices for cryptocurrencies to watch this week, following their contributions to the recent market rebound.
As the broader cryptocurrency market faces a downturn, marked by a 3% drop in Bitcoin's price and a similar decline in Ethereum, Decentraland (MANA) stands out as a resilient performer. Despite the prevailing market conditions, MANA is showing signs of potential recovery.
Most cryptocurrencies are facing a drop in the crypto market, causing significant pressure. Bitcoin price, commonly viewed as an indicator of the market, has decreased by around 3%, pulling the wider market down with it.
The cryptocurrency market has displayed a bullish bounce after trading under a bearish sentiment for the past few days. Notably, the market valuation has recorded a jump of over 3% with the price of Bitcoin successfully reclaiming the $57,000 mark.
A proof-of-stake blockchain leapfrogged the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top non-fungible token (NFT)-related crypto project in terms of development activity, according to the analytics platform Santiment. Santiment notes that Flow (FLOW), a layer-1 permissionless blockchain, registered 190.77 notable GitHub events in the past 30 days, compared to 144.
In a monumental development that is reshaping the landscape of blockchain gaming, MultiversX has surged ahead of its competitors, establishing itself as the new leader in the industry. This groundbreaking shift comes at a pivotal moment when the gaming world is undergoing unprecedented growth and innovation, with virtual worlds becoming increasingly immersive and decentralized.
MANA investors might take heart from the higher dev activity, but that's just the tip of the iceberg.
A layer-1 blockchain passed the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top crypto gaming project in terms of development activity, according to the analytics platform Santiment. Santiment notes that MultiversX (EGLD), formerly known as Elrond, registered 236.93 notable GitHub events, compared to 150.4 events for Decentraland.
Crypto investors would be wise to keep their ears to the ground for any hot new cryptos entering the market as decentralized applications become ubiquitous. The Web3 revolution is one such growth area, with metaverse projects closing in on a $100 billion value.
Last month, we saw an uptick in trading activity across the cryptocurrency market. The US Securities and Exchange Commission's (SEC) approval of spot Ethereum exchange-traded funds (ETFs) fueled the global cryptocurrency market capitalization by 13% in the past 30 days.
One of the most anticipated speakers at Benzinga's 2024 Future of Digital Assets event is Kim Currier, head of marketing and partnerships at the Decentraland Foundation. Through her leadership at Decentraland, a pioneering platform in the Metaverse, Currier has made momentous contributions to the virtual reality and blockchain sectors.
While few sectors offer the exponential upside potentiality of the cryptocurrency market, not every idea is a winner, which brings us to cryptos to avoid.
A recent YouTube video analysis by Crypto Banter notes Bitcoin's current struggle to break through key resistance levels despite trading at $63,000. The inability of Bitcoin to reclaim $67,000 was highlighted as a concern for the broader market sentiment.
Cryptocurrency investment products saw minor outflows over the past week as investors became seemingly hesitant on the market ahead of Bitcoin's upcoming halving event, while volume rose from $17 billion to $21 billion, and various altcoins saw significant inflows.
A higher development activity means that the project is shipping more features, issue resolution, and is less likely to be a scam.
The digital currency landscape is constantly evolving, with numerous altcoins offering promising prospects for investors. Among these,play-to-earn (P2E) tokens are gaining prominence, distinguishing themselves from Bitcoin's towering presence.