It goes without saying that the Decentraland LAND market went wild in September, and strong sales figures are showing no sign of stopping as we run into October.
Last months news of whales migrating to Decentraland and spending $100k’s in a rapid LAND splurge seems to have caused a positive ripple effect flowing through smaller investors and investment companies.
Over the past 10 days, the marketplace continues to see shoals of new investors wanting a piece of the action and buying their very first piece(s) of the Decentraland Metaverse.
During the past 24 hours alone, at the time of writing, the marketplace has seen 22 different LAND buyers (see snapshot example below) making a combined spend in excess of $120,000. Is this just FOMO? Or the start of a much larger migration into Decentraland? Only time will tell, but at the moment, demand certainly outweighs supply.
One thing is for sure, with the average LAND parcel cost continuing to rise, ($2,623 in the last 24 hours, $1,459 in the last 30 days) diversifying and investing in Decentraland now, could certainly prove to be a much more sound investment. LAND offers a good alternative to HODLing a portfolio full of cryptocurrencies, where value seems to forever be decreasing.
Not only that, but as the number of individuals and companies investing capital into Decentraland continues to rise, the more it will be in everyone’s invested interest to get behind the project, grow the economy, promote Decentraland and see it become a roaring success.
>> Interested in buying some LAND in Decentraland? Check out this article offering great advice on getting started for investors with all budgets
NB: All data in this article was supplied by nonfungible.com.