Decentraland (MANA) Price Could Suffer as Metaverse Users Shift Attention Elsewhere

In a nutshell

• Following a concise bounce back last week, another 5% cost remedy has seen Decentraland (MANA) retest $0.35 on Monday, Aug 7.
• The new MANA cost remedy has come closely following the Yield Organization Games’ (YGG) 270% cost breakout throughout recent days.
• The decrease in network development proposes that gamers have kept on avoiding Decentraland in August.

Following a short bounce back last week, another 5% cost remedy has seen Decentraland (MANA) cost retest $0.35 on Monday Aug 7. With Yield Society Game’s (YGG) climbing 350% and entering another stuff, it seems play-to-procure (P2E) financial backers are presently unloading MANA.

While YGG cost siphoned 270% throughout the course of recent days before it saw a precarious cost revision on Monday, heritage P2E stage Decentraland (MANA) is currently in danger of experiencing another significant cost droop. On-chain information recommends that new P2E gamers have been choosing different stages that presently show up more beneficial.

Gamers Have Continued to Stay Away from Decentraland in August

Close to the furthest limit of July, Decentraland experienced a huge slump in the client obtaining rate. On-chain information from Santiment uncovers that the pattern is yet to subside. As portrayed beneath, Decentraland Organization Development had dropped by 73% from 782 to 209 new wallet addresses between July 24 and August 6.

Essentially, Network Growth measures the user-acquisition rate by aggregating the number of new wallet addresses created daily. This gives a rough estimate of new users joining the Decentraland GameFi ecosystem.

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