The month of April not only demolished the March rally but was also responsible for the price bottoming of most of the cryptocurrencies. Decentraland’s MANA suffered too along with the rest of the market and recorded a new low a few days ago.

Decentraland is one of the largest metaverse projects in the crypto ecosystem, but its token MANA has been on a steady downtrend in recent weeks. After a brief foray beneath the $0.72 support, the price has rallied by an impressive 80%. However, this rally might be near its end, and rejection at a resistance zone could occur over the next day or two for the crypto asset.

YouHodler is giving away $30,000 worth of MANA tokens over a three-day Decentraland event.

The Metaverse has become the new NFT in terms of hype and demand. Undoubtedly, Decentraland and The Sandbox are leading the race. But the former, over the last couple of months, has been noticing a decline both in terms of price and value.

The Decentraland MANA price has struggled in the past few months as momentum in the metaverse has faded. The token has dropped to $2.37, 60% below its all-time high. As a result, its market cap has dropped to about $3.60 billion, making it the 41st biggest cryptocurrency in the world. It sits slightly above Sandbox, which is valued at $3.51 billion.

Virtual land tokenized as an NFT just sold for $24,360, which is 3.19x the current floor price of 2.6 Ethereum ETH/USD ($24,360 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52 square feet. Land in Decentraland and The Sandbox skyrocketed after Facebook's rebrand to meta, as more investors become aware of what the metaverse is. Most of the time, virtual land sells at a premium due to the size of the lot and its proximity to the center of the metaverse.

What happened: Virtual land tokenized as an NFT just sold for $29,870, which is 9.12x the current floor price of 1.51790221 Ethereum ETH/USD ($29,870 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52 square feet. Land in Decentraland and The Sandbox skyrocketed after Facebook's rebrand to meta, as more investors become aware of what the metaverse is. Most of the time, virtual land sells at a premium due to the size of the lot and its proximity to the center of the metaverse.

Decentraland’s MANA also suffered as cryptocurrencies crashed last week. Thankfully, the demand for wearables on its metaverse helped its token recover.