Mark Zuckerberg made one of the biggest announcements in the history of our generation with Facebook's name change to Meta. Meta is the company behind their new company Metaverse which will create a virtual reality world to connect everybody. This leads to the future of the world which includes cryptocurrency which is what we all expect to be used in this new VR universe.

One stock which rocketed due to this news was $MANA which is the coin that represents Decentraland. Launched in 2017 Decentraland is a metaverse where you can purchase land and run businesses on this VR platform. For example you could buy the casino plot where you can take real bets and earn money. It’s safe to say in the Facebook Metaverse we will see huge companies like Starbucks selling virtual coffee and Nike selling their latest Jordans in these spaces.

Image courtesy of Binance.com

Decentraland may have nothing to do with the Facebook Metaverse but it will be in direct competition and they are already ahead of the trend. $MANA is currently trading at $2.69 per coin which is a 400% increase from the Metaverse announcement date. It is showing downward trends but like with most coins a pullback often initiates a spike so this could be one for the long hold account.