Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 19th Dec 2022

Decentraland Price Prediction:

Since its peak, Decentraland’s population has dropped by more than 85%. The state of the chain paints a bleak picture.

Technical indicators for the MANA cryptocurrency point to a trend that has been stabilised. More than 0.17% more has been added to the MANA/BTC pair.

According to the virtual reality platform Decentraland, it is made feasible by the Ethereum blockchain. Initial Coin Offering (ICO) for Decentraland made its debut in 2017 and went live in 2020.

On Decentraland, users can earn money from their material. Blockchain technology is included into MANA’s online gaming platform. Decentraland was created by Ariel Meilich and Esteban Ordano.

Each of the 90,601 unique LAND parcels that make up the MANA gaming environment is represented by an ERC-721 token. Each LAND in the metaverse has its own specific dimensions and coordinate system. ROI for Decentraland is 1421 percent. Since its peak, its value has decreased by more than 85%.

The weekly technical chart for Decentraland shows a steady upward price trend. The asset price is currently up more than 1.5% and trading close to $0.39 on the daily chart.

The coin’s price has now developed a stable consolidation range. The asset is currently trading below both the 50-day and 100-day simple moving averages.

An asset price negative crossover may represent a downward trend. Near the $0.6 level, MANA’s resistance is apparent. Near $0.15, the downward trend might come to a halt.

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