The cryptocurrency market has taken the world by storm, and investors are looking to capitalize on their investment strategies. One of the strategies they use is investing through bitcoin trading software. Because it can help you to determine the coin value during investment. For more inormation you can visit at: Blockchain Technology.
One new cryptocurrency is gaining popularity fast with MANA, which stands for Decentralized Artificial Intelligence Network, boasts an attractive price point and substantial reasons to support its validity as an investment choice.
Before investing your money in MANA, take the time to understand why MANA might be a good investment choice.
What Is Decentraland (MANA)?
Decentraland (MANA) is a blockchain-based virtual reality platform. It enables users to create, enjoy, and monetize content and applications.
Decentraland was founded following a $24 million initial coin offering (ICO) in 2017. Furthermore, the virtual world began its closed beta in 2019 and will open to the public in February 2020.
This was the first metaverse coin to host a fashion show and a virtual wedding. From 1/2/19 to 1/4/19, MANA increased by 56.9% in its value. For that same period, Bitcoin increased by 37.2%.
If you had bought $100 worth of MANA at its lowest price of $0.028 from 11/30/18 to 12/3/18 and held it until 1/4, you would have $140 worth of MANA for a 56.9% return. On your initial investment!
Decentraland (MANA) Current Market Status
Decentraland is an ERC20 Ethereum-based cryptocurrency used to purchase land in Decentraland’s virtual world. The land is made up of 256x256m parcels.
The development team uses virtual reality (VR) tools to build and animate objects and environments, which users later purchase via smart contracts.
Additionally, MANA now has a circulating supply of 1.83 billion MANA. Binance, OKEx, Upbit, FTX, Gate.io, Bithumb, Bitfinex, Kraken, Bittrex, and CoinTiger Exchange are currently the leading cryptocurrency exchanges for MANA.
Let’s move on to the next section of our MANA technical analysis for 2022. Users can change or delete any parcel they own, giving them control over their virtual property.
Like most cryptocurrencies, Decentraland’s value fluctuates daily. As of the time of writing this MANA price analysis, MANA is trading at $3.33 with a 24-hour trading activity of $1,266,284,674. MANA’s price has increased by 2.01 per cent during the last 24 hours.
MANA price history: 2022
If you invested $5,000 in Ether when it was first released, you would have more than $1 Million today (Ether is now worth more than $300 per token).
Bulls had dominated the market since November. After a tough 4th quarter in 2021 for crypto, its token was trading at about $3.30 on January 1, January 1, 2022.
It reached an all-time high of USD 0.00015 on January 22, 2017, and is slowly decreasing until 2022 before it rises again.
MANA price prediction
To answer whether MANA is a good investment, you first need to define what reasonable means.
Is it that you want to make money or that you want to help foster mass adoption of blockchain and distributed ledger technology? Regardless of your reason for investing in virtual currency, you first need to decide whether MAIN will achieve mass adoption by providing users with something they desperately need or use every day.
To date, over 100 000 merchants accept Bitcoin as payment for goods and services. Consider both long-term and short-term factors to determine if investing in MANA is a good decision.
As early as July, DigitalCoinPrice predicted a value of $1.49. In a year, the token might be worth roughly $1.84. This portal indicates a value of $2.62 in 2025 and $5.21 in 2030.
According to WalletInvestor, MANA will be valued at $3.09 in a year and $10.47 in five years.
Let’s take the example of Vitalik Buterin, Founder of Ethereum. If you invested $5,000 in Ether when it was first released, you would have more than $1 Million today (Ether is now worth more than $300 per token).
The same goes for David Sønstebø and Dr Sergey Ivancheglo, who each created new cryptocurrencies. Their coins shot up in value just days after release, and they held onto their tokens instead of selling them early on.
While it might be tempting to invest in new cryptocurrencies that pop up frequently precisely like a new game coming out from Blizzard, timing is everything necessary.