Decentraland (MANA) on Thursday briefly rose above a combined market cap of $2 billion USD. This was due to a 30% price increase of the coin, rising to a new all-time high of $1.38USD. This sudden spike in price was during a market-wide bull run, with some other cryptocurrencies seeing similar gains.
Decentraland currently sits slightly lower than its all-time high, trading at $1.31 as of writing. Growing interest in the coin and virtual world has brought Decentraland much more popularity, thus creating more demand for the coin. The game has been a topic of interest for many new and experienced users in crypto for it’s NFT-related services.
Decentraland is the first virtual platform owned by its users using blockchain technology. The virtual game supports playing through a web browser and with a VR headset to become completely immersed in a 3D, interactive world.