Decentraland MANA Token Flexes Muscle — Can It Break Past Its No. 29 Spot?
February 16 2022 - 6:34AM
NEWSBTC
The value of the popular Decentraland currency MANA has hit $3.27
today, Feb. 16, which market observers say is 10% higher than the
past 24 hours. The data is based on a detailed real-time forecast
and a technical analysis. As of this writing, the market
capitalization of the cryptocurrency is at USD1,349,167,774. MANA
is now the 29th most valuable cryptocurrency in terms of market
value. Decentraland is offered on 204 crypto exchanges around the
world. Its native crypto has been the most popular on exchanges
including Binance, CoinTiger, and Upbit in the last 24 hours. The
MANA/USD, MANA/KRW and MANA/USDT pairs have been the most
successful Decentraland pairings in the last 24 hours as well. With
the market capitalization mentioned above, MANA is one of the most
well-known coins in the metaverse. MANA Geared For Mainstream
Adoption Decentraland is a vast virtual world that allows users to
produce and experience a wide range of content on individual
parcels of land, sell items, procure pieces of art, and much more.
MANA may expand its features in order to deliver smooth services,
and the token’s social media popularity may aid in the token’s
advance to a more significant level. MANA total market cap at
$6.043 billion in the daily chart | Source: TradingView.com Related
Article: Decentraland Users Will Have More Power With New DAO
MANA’s value may rise or fall depending on whether the market is
bearish or bullish in the coming weeks and months. Some analysts
expect its value to drop $1.8 in the coming weeks. However, they
believe it will set multiple records this year. There’s been a
growing trend in Decentraland throughout the last four months.
MANA’s crypto-skills and trustworthiness are seen to be in high
demand, and this trend is seen to continue. Decentraland’s trading
volume is on a steady ascent, which has a big effect on its price.
MANA: Rising Price Stability MANA’s technical
indications suggest that it is faring well in different market
aspects alongside its corresponding value. The coin has been
trading above its estimated value for several months, and the
moving average convergence/divergence (MACD) line on several charts
is within the neutral zone. Its RSI of 52 indicates that it is
presently in the neutral zone as MANA is currently trading at
approximately $3.27 per coin. Analysts see the price of MANA rising
in percentage as the midyear unfurls. According to Wallet
Investor’s forecast, it is seen to trade at around $8 by the end of
2022 if bullish trends continue. Related Reading | Shiba Inu
Enters The Metaverse, But Will This Help Its Price? Featured image
from GDA Capital, chart from TradingView.com
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