As Russia invades the Ukraine, fear grips most financial markets with plunging numbers. This same fear and need to escape reality also drive people to hide and distract themselves away from reality into the metaverse and specifically Decentraland. Investors feel the same way and cryptocurrency Decentraland moves up more than 14% in 24hrs.
Over the past 24 hours, Decentraland’s (CRYPTO: MANA) price has risen 14.2% to $2.69. This is contrary to its negative trend over the past week where it has experienced a 9.0% loss, moving from $2.98 to its current price. As it stands right now, the coin’s all-time high is $5.85.
The chart below compares the price movement and volatility for Decentraland over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has climbed 21.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.15%. This brings the circulating supply to 1.50 billion, which makes up an estimated 68.2% of its max supply of 2.19 billion. According to our data, the current market cap ranking for MANA is #35 at 4.05 billion.
Where Can You Buy Decentraland?
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