Metaverse: Decentraland's MANA Rallies 160%, ChatGPT "Gets It"
Gaming and Metaverse tokens have been leading the crypto market’s recovery show. Top cryptos like Axie Infinity, ApeCoin, Sandbox, and Enjin Coin have fetched their investors with double-digit gains ranging between 10%-35% each over the past week. On Monday, however, the spotlight was on Decentraland ’s MANA . In the past 24 hours, the token rallied by more than 24%, while on the weekly, its gains stood at 75%. Earlier during the day, MANA went on to script a new multi-week high at $0.7375. Resultantly, the rise from its local bottom created on December 30 to its current level translated to roughly 160%. At press time, MANA was rejected by the 0.5 Fibonacci level. With the market highly overbought, the top gainer could see a correction to $0.607 over the short term. Source: TradingView For now, however, the investors are in quite a comfortable position. MANA ’s Sharpe Ratio was hovering around its 1-year high, at 4.82, on Monday. This ratio measures the ri...