Decentraland

Get Decentraland (MANA) all time high price, historical charts, latest news and other information.

The Metaverse tokens are on the run again. Some of the key news that caught the attention of the crypto investors was ‘bytedance,’ which is the parent company of TikTok, entering into the Metaverse ecosystem. Moreover, the Token’s.com subsidiary ‘Metagroup’ bought a plot of virtual real estate on Decentraland worth $2.4 million. The MANA token has surged around 28.4% in its intraday session.
Key technical points:

The MANA token price obtains dynamic support from the 20-day EMA line
The daily RSI chart line is struggling to keep up with the token’s price action
The intraday trading volume in the MANA token is $6.9 Billion, indicating a 63.4% gain


Source- MANA/USD chart by Tradingview
As mentioned in my previous article on MANA/USD, the token price bounced back from 0.618 Fibonacci retracement level to continue its rally. In this recovery phase, the token provided a great entry long opportunity when the price breached the neckline of the Cup and Handle Pattern in the 4-hour time frame.
The MANA token is now steadily moving north and has even breached the All-Time High of the $5 mark. The token displayed a long bullish candle of 28.4% gain in the last 24-hour, supported by a significant volume activity.
 
The MANA token displays a bullish alignment in the crucial EMAs(20, 50, 100, and 200). Moreover, The Relative Strength Index(74) suggests a positive sentiment among the token buyers; however, the bearish divergence in RSI is still a matter of concern.
MANA/USD Chart In The 4-hour Time Frame
Source- MANA/USD chart by Tradingview
After the correction phase, the MANA token price resonated in a rising channel pattern leading this new rally to higher levels. However, the increasing buying pressure from the crypto investors resulted in a bullish breakout of the channel pattern and the $5 mark simultaneously.
The token is currently retracing back to retest this support, and if the price manages to sustain above them, the crypto traders could get an excellent long opportunity to go long.
 
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The post Decentraland Price Analysis: The MANA Token Breached The All-Time High Of $5; When Can You Buy? appeared first on Coingape.


The Metaverse tokens are on the run again. Some of the key news that caught the attention of the crypto investors was ‘bytedance,’ which is the parent company of TikTok, entering into the Metaverse ecosystem. Moreover, the Token’s.com subsidiary ‘Metagroup’ bought a plot of virtual real estate on...

coingape.com

Decentraland Price Analysis: The MANA Token Breached The All-Time High Of $5; When Can You Buy?

MANA token seems eager to reach the newer level of its price chart. The token showed an impressive recovery from the retracement phase, and today, it also managed to break out from the Cup and Handle pattern. Is this the right time to buy MANA?
Key technical points:

The 20-day EMA provides good support to the MANA token price
The daily RSI chart still indicates a considerable bearish divergence for this token
The intraday trading volume in the MANA token is $6.79 Billion, indicating a 64.5% hike


Source- MANA/USD chart by Tradingview
After reaching the $4.95 mark, the MANA token price entered into a retracement phase. This minor pullback plunged the token to 0.618 Fibonacci retracement level, and after obtaining sufficient support from this level, the price bounce backed, suggesting the continuation of its bull rally.
In its previous rally, the MANA token gave the highest daily-candle closing around the $3.6 level, marking this area as a possible resistance level. As for today, the token price gave a breakout from this level, providing another long opportunity for crypto traders.
The Relative Strength Index(75) value suggests bullish sentiment for this token. However, the RSI shows a clear bearish divergence, which creates some doubt about this rally.
MANA/USD Chart In The 4-hour Time Frame

Source- MANA/USD chart by Tradingview
As mentioned in my previous article on MANA/USD, the token formed a Cup and Handle pattern in the 4-hour time frame chart. The pattern’s neckline was at the $3.68 mark, and today the price has provided a decisive breakout from this resistance.
The token price is currently retracing back to retest this neckline level. If the price indicated sufficient support near this level, the crypto trader can grab an excellent long entry opportunity which could provide the near target of $5 mark. 
According to traditional pivot levels, the nearest resistance for this MANA price would be at $4.6, followed by $5.5. And for the support level, $3.93 and $3
 
The post Decentraland Price Analysis: A Bullish Breakout From This Chart Pattern Says MANA Would Retest Or Go Beyond $5 appeared first on Coingape.


MANA token seems eager to reach the newer level of its price chart. The token showed an impressive recovery from the retracement phase, and today, it also managed to break out from the Cup and Handle pattern. Is this the right time to buy MANA? Key technical points: The 20-day EMA provides good s...

Decentraland Price Analysis: A Bullish Breakout From This Chart Pattern Says MANA Would Retest Or Go Beyond $5

The Metaverse token like MANA gained massive popularity among the crypto investors when Facebook announced its rebranding to ‘META.’ The technical outlook for MANA/USD indicates the overall trend remains bullish, and it looks likes the token price is doing a good job sustaining on the higher levels.
Key technical points:

The MANA token price breaks out from the Flag pattern pattern
The intraday trading volume in the MANA token is $5.3 Billion, indicating a 318.72% hike


Source- MANA/USD chart by Tradingview
The MANA token rally made a new All-Time high of $5 on October 30th. This surge was too much for the token, and to stabilize this growth; the token provided a minor retracement phase.
The MANA price plunged to the Fibonacci level of 0.618, which provided sufficient support for the token. Furthermore, the 20 EMA line also contributed as a good support level. These crucial EMA’s validates the token is under a strong uptrend.
The Relative Strength Index(71) value has also stabilized as the sudden price surge had pushed it to the overbought territory.
MANA/USD Chart In The 4-hour Time Frame

Source- MANA/USD chart by Tradingview
The MANA token revealed a flag pattern in this lower time frame chart, providing a great long opportunity for crypto traders. On November 11th, the token price provided a proper breakout from the resistance trendline and initiated a significant up movement. 
On its previous rally, the MANA token struggled to give a candle closing both in daily and 4hr time frames. Thus, the crypto trade can wait for the price to sustain above this level before initiating a new long position. 
The traditional pivot shows remarkable confluence with the MANA/USD chart level. According to these pivot levels, the nearest resistance for this token would be at $3.6, followed by $4 and later $4.6. The token price is currently trading at the $3.34 mark with an intraday gain of $25.3%.
 
The post Decentraland Price Analysis: MANA Token Seems To Be Ready To Resume Its Rally, Should You Buy It? appeared first on Coingape.


The Metaverse token like MANA gained massive popularity among the crypto investors when Facebook announced its rebranding to ‘META.’ The technical outlook for MANA/USD indicates the overall trend remains bullish, and it looks likes the token price is doing a good job sustaining on the higher leve...

Decentraland Price Analysis: MANA Token Seems To Be Ready To Resume Its Rally, Should You Buy It?

While bitcoin has been consolidating for a few days now, a number of other digital assets have seen solid seven-day gains. The two metaverse tokens sandbox and decentraland have skyrocketed over 170% during the last week. Crypto assets like loopring, crypto.com coin, and arweave have spiked in value more than 66% and up to 169% this week as well.
Sandbox, Decentraland, Loopring See Triple-Digit Gains This Week
The price of bitcoin (BTC) has consolidated above the $60K zone for a while now and market performance this week has been rather lackluster. While bitcoin (BTC) gained 0.5% during the last seven days, three top-ten cryptos saw double-digit gains this week.
The third-largest market in terms of overall valuation is held by binance coin (BNB), which is up 24.1% this past week and swapping for $610 per BNB. Solana (SOL) swapping for $235 per unit is up 20.9% this week. Additionally, polkadot (DOT) has climbed 21.9% and is currently changing hands for $51.29 per unit.

While binance coin, solana, and polkadot saw double-digit spikes this week, sandbox, decentraland, and loopring prices soared this week. Sandbox (SAND) spiked 175.3% and decentraland (MANA) jumped 172.9% in value. During the course of the week, loopring (LRC) lifted by 169.4%.

SAND is ranked number 78 out of the crypto economy’s 10,390 coins as the crypto asset has gained 8,039% year to date. Similarly, decentraland (MANA) has done extremely well during the last 12 months spiking 3,931% year to date. 12-month statistics for loopring (LRC) show the cryptocurrency is up 1,025% over the last 12 months.

Numerous Double-Digit Crypto Gainers — Bitcoin Dominance Close to Sinking Below 40%
Following those three-digit crypto gains, crypto.com coin (78.6%), arweave (66.2%), kadena (64.4%), holo (41.3%), chiliz (40.8%), basic attention token (39.4%), amp (39%), NEM (33.9%), omg network (31%), enjin coin (28.4%), and wonderland (25.1%) saw double-digit gains this past week.

The overall market capitalization of all 10,000+ coins in existence today is nearing $3 trillion at approximately $2.835 trillion on Friday, November 5. While there’s $152.28 billion in global trade volume, $83 billion of that volume is paired with stablecoins. Tether (USDT) commands $71.9 billion of today’s $83 billion aggregate total trade volume.
Out of the $2.835 trillion in value recorded on Friday, bitcoin’s (BTC) dominance is just above the 40% region with 40.6%. Ethereum, on the other hand, has 18.7% and numerous alternative crypto caps have increased dominance percentages.
What do you think about the past week’s crypto market action? What do you think about the triple and double-digit cryptocurrency gainers this week? Let us know what you think about this subject in the comments section below. 



























While bitcoin has been consolidating for a few days now, a number of other digital assets have seen solid seven-day gains. The two metaverse tokens sandbox and decentraland have skyrocketed over 170% during the last week. Crypto assets like loopring, crypto.com coin, and arweave have spiked in va...

news.bitcoin.com

Metaverse Tokens See Triple-Digit 7 Day Gains, Crypto Market Cap Inches Toward $3 Trillion

  
In this episode of BeInCrypto’s Video News Show, host Jessica Walker takes a closer look at Decentraland.









Although it seems as though everyone is talking about the metaverse with Facebook renaming itself, we think another project is a bit more interesting at this point. Today we’ll talk about what Decentraland is, who its founders are, as well as what makes it unique.



What Is Decentraland (MANA)?



Decentraland defines itself as “a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.” In this virtual world, users can purchase plots of land that they can later navigate, build upon and monetize.



Decentraland was launched following a $24 million initial coin offering that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.



Decentraland uses two tokens, LAND and MANA, which we will break down for you.



What Is LAND?



In Decentraland, the spaces that you interact with are called LAND, non-fungible digital assets that you purchase in the game. Once you own a plot of LAND, you’re free to do with it as you choose. You can create games, applications, gambling services, or even dynamic 3D scenes. But, why stop there? Although not its primary purpose, you can also create LAND-based services around education, professional development, tourism, etc.



The number of LAND is capped, and each plot of LAND is 33 feet by 33 feet, but there’s no limit to its height. But recently Decentraland created LAND Estates, a feature that allows you to more easily manage your LAND by associating adjacent plots. Similar groupings on LAND comprise Districts. Districts are basically communities that revolve around a shared theme. 



For example, there may be a District just for crypto enthusiasts with cryptocurrency apps and services. You can vote on District issues through Decentraland’s voting dApp, Agora. The amount of LAND you hold in a specific district correlates to the weight of your vote. 



What Is MANA?



MANA is Decentraland’s cryptocurrency token. It’s an ERC-20 token that you use to purchase plots of LAND as well as pay for in-world goods and services.



When you buy LAND, Decentraland burns the MANA that you purchase it with. The Decentraland team originally sold each plot of LAND for 1000 MANA. Now that there’s a secondary market, though, the LAND prices vary. Currently, the cheapest plot of LAND is 11,750 MANA while more popular areas have price tags in the millions. The highest selling plot went for 2,000,000 MANA, or about $175,000, in March 2018. Quite a bit of money for a virtual plot of land!



Who are the founders of Decentraland?



Decentraland was co-founded by Ariel Meilich and Esteban Ordano, both of whom have stepped down from major positions at the project, but still work alongside Decentraland as advisors.



Ariel Meilich previously held the role of project lead at Decentraland between 2017 and 2020, and is a serial entrepreneur that has founded several other startups, including an online translation agency and a CRM platform. He also worked as an analyst at Charles River Ventures, a prominent Silicon Valley venture fund.



The other founder, Esteban Ordano is Decentraland’s former tech lead and has a long and varied history in the cryptocurrency space. He has worked as a software engineer at BitPay, Inc., an advisor to Matic Network and briefly operated his own smart contract development firm known as Smart Contract Solutions.



Although Ariel and Esteban are no longer leading the project, the development of Decentraland is still ongoing, with efforts being directed by the recently established Decentraland Foundation.



What makes Decentraland unique?



Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment. In total, the Decentraland gameworld — called the “Metaverse”, but not to be confused with Facebook’s version — is divided into 90,000 individual parcels of LAND.



Though LAND holders are free to develop their plot into whatever they choose, much of the Metaverse is broadly divided into several districts, each of which has a different size and theme. These districts were generated through individual crowdsales for MANA tokens, and parcels of LAND in these districts cannot be traded.



Decentraland is also one of the growing number of projects to use a decentralized autonomous organization (or DAO) structure for governance decisions. As a result, MANA token holders are in control of how the Decentraland world behaves, by proposing and voting on policy updates, the specifics of upcoming LAND auctions and the types of content that are allowed with the Metaverse.



Besides being a creative outlet, many Decentraland users currently monetize their LAND through leasing, advertising and paid experiences. Likewise, other users generate an income by creating and selling items on the Decentraland marketplace for MANA tokens.



What do you think about this subject? Write to us and tell us!
  The post BIC’s Video News Show: Decentraland (MANA) appeared first on BeInCrypto.


In this episode of BeInCrypto’s Video News Show, host Jessica Walker takes a closer look at Decentraland.
The post BIC’s Video News Show: Decentraland (MANA) appeared first on BeInCrypto.


Decentraland price	$4.65
Low - High 24H	$4.63 - $5.15
Market cap	$6.15B
Volume 24H	$1.21B
All time high	$5.85 -19.48% November 25th 2021
All time low	$0.009237 50901.70% October 31st 2017
Genesis date	N/A

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