Samsung’s announcement with Decentraland (MANA) has already shifted momentum for the currency. The South Korean company has provided some hints about the upcoming metaverse events in Decentraland.
The price of Decentraland (MANA) is up 16% in the last 24 hours and nearly 26% in the last 7 days. The reason behind this jump has to do with Decentraland’s upcoming mega events.
— Samsung USA (@SamsungUS) February 4, 2022
What is Samsung’s 837X?
Samsung 837X is a fully immersive experience, with quests, NFT awards, product unveiling events and live performances from the South Korean giant. Samsung 837X is a blockchain-powered virtual space, where users can buy and sell exclusive digital assets such as land NFTs, wearables and more. To be part of 837X, one must connect through the Decentraland platform.
What’s happening in Decentraland?
Decentraland has already attracted many large investors. Tech giant Microsoft is pushing $69 million to help with Decentraland’s open source development. Previously, Samsung opened the doors of its 837X on January 6, 2022, allowing users to virtually explore an immersive world. Decentraland has already announced its Metaverse Fashion Week, a 4-day event featuring multiple global brands that kicks off on March 24, 2022. Users can watch fashion shows, attend after-party music sessions and purchase virtual clothes during this event.
Decentraland declared it a “Manifesto of 2022” on February 1, 2022, sparking euphoria among the community.
Could MANA’s Price Break $3.9 This Week?
After massive bearish sentiment in January, MANA is trading at USD 3.04 as of press time, up nearly 17% in the last 24 hours. According to CoinGape Markets,
The bulls have broken through a crucial shared resistance of $2.9 and a 50-day SMA, indicating that buyers are ready to start a rallying recovery. If the coin shows a daily candle that closes above this resistance, the buyers would push the alt towards $3.43 or $3.9.
Source: CoinGape Markets
As millennials and young people increase their interest in the Metaverse, Decentraland is gaining momentum. The project focusing on the virtual world has now become a one-stop destination for many mega-organizations to set up their virtual stores.
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This post Why may the price of Decentraland (MANA) skyrocket in the coming days?
was published first on https://coingape.com/mana-price-skyrockets-by-15-after-samsung-drops-this-big-announcement/