Decentraland

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Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month’s coma state.
MANA price currently faces incrementing supply pressure coming from the resistance spotted at $1.1. MANA’s intraday trading volume is at $247.9 Million, showing a loss of 27%.



Chart from TradingView.com
MANA/USDT Shows Upbeat Reversal Pattern
The MANA/USDT daily chart shows the formation of a rounding bottom pattern. Earlier, the chart revealed a bullish reversal pattern that has set off the two stages with a downfall trend from May to June followed by consolidation as the coin rallied.
Technically, MANA was meant to breach the resistance zone of $1.1 and push the coin to hit $1.36. On July 13, MANA’s price bounced back from its bottom support of $0.75 and soared by 44.61% in a month’s time.
With today’s chart showing a price pump of 0.88%, buyers tried to end this with a bull run. But, the daily candlestick that closed hovering above the resistance of $1.1 will need to validate the breakout. The rally may prompt the price of MANA to increase by 26.2% to a resistance of $1.36.
Decentraland (MANA) Targets Next Support Zone
If the bulls can maintain their momentum, MANA might be able to outpace the current ceiling price and target the next support zone spotted at $1.68.
However, if Decentraland’s price revisits the resistance zone of $1.1, and breaks free from the 20-day EMA, then this will validate the return of a consolidation phase.  The Bollinger Band indicator shows price jumps showing that a minor is imminent before a breach. But, the midline that provides support should be able to push forward the coin’s recovery.
RSI also shows a rally compared to a price action implying the sustained and increased bullish action. In fact, RSI also indicates that the price may break away from the $1.1 resistance.

Virtual Real Estate Revenue Streams
Decentraland (MANA) is powered by the Ethereum blockchain. This is a platform that allows users to buy and sell virtual real estate. In addition, users can also build, explore, socialize, and monetize virtual lands in this digital environment.
The beta for Decentraland was rolled out in 2019 and has become widely accessible especially to the general public since February 2020. Following the successful beta launch, users were able to explore and develop different activities such as games and other experiential activities.
Currently, a lot of Decentraland users are now generating generous revenue streams from virtual real estate through advertising, leasing, and other activities. You can also resell and produce virtual goods in Decentraland.
 
MATIC total market cap at $2.07 billion on the daily chart | Source: TradingView.com

Featured image from TheNewsCrypto, Chart from TradingView.com


Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse t...

newsbtc.com

Decentraland Blooms In Green In Last 4 Days; Boosts Traders’ Appetite In MANA

[PRESS RELEASE – Tampa, United States, 1st August 2022]
Leading metaverse builder community SandStorm has released its highly anticipated “proposal and bid” platform. This metaverse construction market pairs brands with builders from top virtual worlds including Decentraland and The Sandbox, allowing brands to deploy assets and experiences on demand. Its decentralized approach aggregates the best builders to provide unparalleled quality and cost savings to brands pioneering the metaverse.
Similar to on-demand marketplaces like HomeAdvisor and Upwork, SandStorm has already become a hub for thousands of the world’s best metaverse builders to find work. By connecting brands, individual builders, and full development studios of all sizes, SandStorm provides an innovative solution to how legacy brands like Walmart, Panera, and McDonald’s will enter the open metaverse.
SandStorm CEO Steve McGarry said: “Physical location for work has become much less important for many of us over the last two years. At SandStorm, we believe the future of work will be primarily driven by an individual’s skills and their ability to work on a team within the metaverse. As we move into a more digital society, asset creation skills for multiple virtual worlds showcased on a SandStorm profile will level the playing field for finding work.”
The SandStorm platform highlights builders based on Skills, Availability, Communication, Quality, Deadlines, and Team Cooperation. It can be analogized to building a dream home in the physical world, but instead of hiring one local real estate development firm, choosing the best architect in Korea, the best roofer in London, and the best electrician in Canada. Operating in the virtual world, brands can select contractors based on their portfolio of previous work.
Brands can submit a proposal to create an experience in The Sandbox, Decentraland, and soon five additional virtual worlds. Individual builders and development studios from all over the world then place bids using their SandStorm profile. Brands can then select their desired team with the guidance of SandStorm. Once the build is complete, a Transaction NFT (TNFT) is sent to all the involved builder profiles. This allows builders to share their role in the project and promotes the brand’s build to their followers. Brand partners and builders review one another after the build is complete to ensure that all parties have the highest quality experiences.
SandStorm CBO Matt Saricicek said: “SandStorm aims to lower the barrier to entry for brands as the minimum budget to submit a proposal is $1,000 USD for a small group of assets. Once these proposals are approved, they go live in front of over 2,000 verified builders to submit bids on projects of all sizes.
“This is only the tip of the iceberg; there are countless other intelligent and creative individuals all over the world who are unaware of web3 and who will eventually multiply the present community and experiences on web3 by a factor of a thousand. The work of these incredible artists excites us, and we are thrilled to be contributing to this movement.”
JP Morgan has projected the metaverse will be an $8 trillion market by 2030 and there is a massive need for builders and creators to generate content inside all virtual experiences. As SandStorm continues to organize the open metaverse construction market with an enormous amount of pricing data, builder education will play a vital role.
By offering weekly interviews, workshops, and tutorials live streamed directly from their platform, SandStorm welcomes an average of 25 new builders into the space every day. As an on-ramp for eager new builders, SandStorm expects growth to be between 130 to 170 new builders per day by mid-2023.
“We believe that the key to unlocking the potential of future generations is to establish an open platform where anyone can ‘build’ their own destiny by being a creator in the metaverse,” said SandStorm COO Evan Stafford.
Learn more about how to get your proposal in front of thousands of the world’s best metaverse builders in Decentraland and The Sandbox HERE
About SandStorm
SandStorm connects brands with the best virtual world builders, driving down the barriers to metaverse entry. Using SandStorm’s unique “proposal and bid” platform, brands can submit a proposal, accept bids, and hire virtual real estate builders in desirable metaverses. Builders, meanwhile, can leverage their portfolio to connect with clients who will grant them a global audience and showcase their skills.


[PRESS RELEASE &#8211; Tampa, United States, 1st August 2022] Leading metaverse builder community SandStorm has released its highly anticipated “proposal and bid” platform. This metaverse construction market pairs brands with builders from top virtual worlds including Decentraland and The Sandbox...

cryptopotato.com

World’s Largest Metaverse Builder Community SandStorm Launches Build Proposals for Brands

A popular crypto strategist says that he sees blue skies in the short term for a trio of altcoins including smart contract protocol Solana (SOL) and virtual reality platform Decentraland (MANA).
Pseudonymous analyst Cantering Clark tells his 141,400 Twitter followers that he’s bullish on Ethereum (ETH) competitor Solana, which he says has recently broken its diagonal resistance and successfully retested it as support.
 
“Still waiting on SOL to rip to the sol.”
Source: Cantering Clark/Twitter
According to the crypto strategist, a move above $45 for SOL opens the door for a rally to $60. At time of writing, Solana is changing hands for $42.83.
The next coin that caught the trader’s eye is Decentraland. Cantering Clark says MANA is gearing up to take out its immediate resistance at $1.03.
“New 30-day high coming if we can push just a little more.
Crypto loves a cooked and coiled up breakout trade. If MANA can close through blue, it should be blue skies for a bit.”
Source: Cantering Clark/Twitter
Based on the analyst’s chart, a move above $1.03 sets up MANA for a nearly 30% surge to Cantering Clark’s target of $1.33. At time of writing, MANA is swapping hands for $0.98.
The last coin on the trader’s radar is Frax Share (FXS), one of the two tokens on the Frax protocol, a stablecoin system where the cryptocurrency is algorithmically stabilized by collateral reserves. Cantering Clark says FXS has a clean bullish setup after taking out resistance at $6 and flipping it into support.
“The market is looking like it is about to start playing merry go round with alts.
Possibly mini-alt season upon us?
FXS is set up so cleanly. I have been waiting on this now to start running. I think the time is soon.
An easy 2x from here.”
Source: Cantering Clark/Twitter
Looking at Cantering Clark’s chart, a 2x move suggests a price target of around $12.64. At time of writing, FXS is trading at $7.36.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



Featured Image: Shutterstock/klyaksun
The post Blue Skies in Sight for Solana, Decentraland and One Ethereum Altcoin, Says Top Analyst – Here Are His Targets appeared first on The Daily Hodl.


A popular crypto strategist says that he sees blue skies in the short term for a trio of altcoins including smart contract protocol Solana (SOL) and virtual reality platform Decentraland (MANA). Pseudonymous analyst Cantering Clark tells his 141,400 Twitter followers that he&#8217;s bullish on Et...

Decentraland price	$1.08
Low - High 24H	$1.06 - $1.12
Market cap	$1.96B
Volume 24H	$221.08M
All time high	$5.85 -81.55% November 25th 2021
All time low	$0.009237 11588.48% October 31st 2017
Genesis date	N/A

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