Decentraland and UNXD are getting ready to host a fashion week in the meta universe. Analysts approaching the area of interest Decentraland (MANA) continues to follow its price closely. If investors, metaverse tokenIt fuels the narrative of ascension by continuing to pour capital into .
Metaverse network Decentraland is gearing up for fashion week alongside UNXD. The virtual reality platform plans to launch runway shows in the metaverse, host pop-up shops and after parties.
Decentraland’s fashion week is scheduled from March 24 to March 27. The metadatabase network has partnered with UNXD for fashion in a virtual environment.
UNXDserves as a chosen marketplace for digital culture and its partnership with Decentraland. Users will have the opportunity to experience fashion in the metaverse and purchase outfits for their avatars in the Decentraland ecosystem.
On the other hand, institutional capital inflows into Decentraland have exploded in the last two months. Offering users a collective virtual experience, the metaverse ecosystem attracted more active users and experienced an increase in on-chain activity.
The entire metaverse space could have a $1 trillion revenue opportunity, according to the Grayscale report. UNXD, Decentraland’s fashion week partner, has previously worked with fashion houses like Dolce & Gabbana.
Analysts have evaluated the Decentraland price trend and do not miss the fact that the asset is approaching an interest level. The analyst, known by the pseudonym @BigCheds, mentioned MANA in a tweet.
$MANA (USDT) approaching area of interest pic.twitter.com/YDILvPDlQw
— Cheds (@BigCheds) December 28, 2021
@Hayess5178 on the other hand, expect a bounce in Decentraland price in the short term. His analysis reveals that Decentraland users are early and the token is currently undervalued.
According to data from crypto intelligence company IntoTheBlock, around 75% of Decentraland’s wallet addresses have profited.
Analysts predict that the metaverse hype is just starting and that Decentraland price could bounce back from a 4% drop in price.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.