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Experts Predict the Decentraland Price will Spike

Experts Predict the Decentraland Price will Spike

Decentraland is a 3D metaverse where the users can buy virtual real estate blocks called LAND to create their own virtual space, conduct events, and publish their works. This virtual space comes with a decentralized currency known as MANA which can be used for purchases within the platform. The coin is also a store of value with great predictions for its exchange rate as the metaverse concept gains traction among the people.

Decentraland has landed a partnership with one of the largest and most prestigious tennis events in the world. Australian Open or AO Decentraland was earlier announced to be all set for a launch on the 17th of January in 2022. Just as we reach the 3rd week of the month, the exciting news about AO Decentraland has come out now. Apparently, it is going to be a virtual replica of the Australian Open Grand Slam stadium.

The Decentraland Metaverse is expected to pace towards a market rally as the innovative concept seems to have gotten the due attention.  The designs for this virtual tournament look promisingly good, with several innovative ideas infused in them. This is planned to be a common space for Australian Open fans to get together, interact and share their views about the games and the players. Moreover, the virtual space will telecast historical matches from the vault of the Australian Open. 

Most importantly, this virtual space would replicate the real venue of the Australian Open tournaments. The Melbourne park of the Australian Open Grand Slam has been recreated in the Decentraland. Moreover, tennis legends from the past are going to be featured in the virtual space. The plans do not just stop there as there are plans to include behind-the-scenes activities during the matches and several other attractive concepts. According to Ridley Plummer from Australian Tennis, this is a step towards making the tournament an accessible and inclusive event. Furthermore, as many are not able to make it to the games due to the coronavirus, this venture of the Australian Open in Metaverse would bring the same immersive experience of the games to everyone’s doorsteps.

The native coin of Decentraland, MANA, has posted a growth of 3% since the launch of the Australian Open. According to analysts, Decentraland expects a price rally soon as it has already completed tests and breakouts. Michael Van de Poppe, an expert analyst of decentralized currency, believes that all the integral parts of Decentraland are holding firm now. It means the currency could witness a bullish streak soon. According to the MANA price prediction from CryptoNewsZ, the coin would reach $5 by the end of 2022 and $8 by 2024 with a potential 250% growth.

Carl Newton is a blockchain analyst and has 4 years of experience in bitcoin exchange. He makes people aware about the importance of cryptocurrency trading. He writes latest news contents for our team.