Decentraland rose the most in Wednesday’s cryptocurrency deals, while Ethereum began to rally back and Bitcoin remained stagnant.
Decentraland, the metaverse-focused alt-coin, surged another 24% to US$5.13 – marking it out as the best performer amongst the ‘top 30’ cryptocurrencies by market cap.
The price spike coincided with news that virtual real estate in Decentraland’s virtual world had sold for a record US$2.4mln.
READ: All you need to know about Decentraland
Ethereum was up 4.2%, at US$4,298, which is still 11% below October’s all-time high.
Meanwhile, Bitcoin barely moved and was trading at US$56,491 (it is about 15% below its all-time high).
The Crypto.com Coin is nearing the US$1 mark for the first time, up 20.5% to US$0.928 – marking a 91% surge over the last seven days.
Cardano, the sixth most popular crypto, was amongst the largest fallers among the top coins, down 4.8% changing hands at US$1.68.
Meme-coins Dogecoin and Shiba Inu were both lagging, down 3.3% and 6.5%, respectively.
In other crypto news … a bill to ban private cryptocurrencies in India, with some exceptions to promote blockchain technology, will be introduced in the winter session that commences on 29 November.
The central bank of India also intends to create its own digital currency “to create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.”