Decentraland price prediction – Here’s the latest Decentraland (Mana) price prediction and Mana TO USD converted price you can find here

Decentraland Today’s Price

Decentraland price today Is $0.3742541 USD

Decentraland Price Prediction:

Decentraland has decreased by more than 85% since its peak. The health of the chain is painting a bearish picture.

A consolidated trend is suggested by MANA cryptocurrency’s technical indicators. The MANA/BTC pair has increased by more than 0.17%.

A virtual reality platform called Decentraland describes itself as being supported by the Ethereum blockchain. The Decentraland Initial Coin Offering (ICO) debuted in 2017 and went live in 2020.

Users can monetize their content on Decentraland. MANA combines blockchain technology with their online gaming platform. Ariel Meilich and Esteban Ordano are the creators of Decentraland.

The 90,601 distinct LAND parcels that make up the game world of MANA are each represented by an ERC-721 token. Each LAND in the metaverse has a specific size and coordinate. Decentraland has an ROI of 1421%. Its value has dropped by more than 85% since its peak.

The market capitalization of MANA is over $729 Million, and its supply is 1,855,084,192. In the intraday session, Decentraland volume increased by over 104%. The asset price’s volume to market cap ratio points to an upward trend.

The Decentraland’s weekly technical chart indicates a price trend that is stable. On the daily chart, the asset price has increased by more than 1.5% and is currently trading close to $0.39.

The price of the coin has currently established a robust consolidation range. Currently, the asset’s price is below both the 50- and 100-day simple moving averages.

A downward trend may be indicated by a negative crossover in the asset price. MANA’s resistance is visible close to the $0.6 mark. A halt to the downward trend is possible close to $0.15.

Conclusion:

The decline in the cryptocurrency market has had an impact on Decentraland. The price of MANA stock is currently in a trend of consolidation and may reach a new high in the future.

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