© Provided by Benzinga Decentraland metaverse's native token MANA (CRYPTO: MANA) has surged 70% in the last seven days, outperforming Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in weekly gains.
CONSTELLATION BRANDS, INC.What Happened: The price of MANA has nearly matched its pre-FTX collapse price of $0.7137.
MANA was launched with an initial coin offering of $24 million, which was opened to the public in Feb 2020.
Since its launch in 2020, climbed from $0.035 to its current price of $0.69 in just three years.
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An investment of $100 in MANA at the time of launch would have earned you 2857.14 MANA, which today would be worth $1971.4 — that's a potential return on investment of 1,871%.
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The recent surge in the price of MANA is likely driven by the growing speculation in the industry surrounding the potential launch of Apple's mixed reality headset.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.