MANA is a cryptocurrency token powered by the Ethereum blockchain. It allows users to engage in a virtual reality world where they can build things like homes, casinos, concert halls, and art galleries and charge other people for visiting them. Users build these structures on plots of land called LAND, a virtual asset users can trade in using MANA cryptocurrency. These structures can be constructed using Decentraland, a platform where users interact with each other.
Decentraland is a decentralized virtual reality platform where users can “create, experience, and monetize their content and applications.” LAND, a non-fungible asset, is maintained using Ethereum smart contracts that allow ownership among community members. The platform gives users complete control over the kind of structures they build, limited only by their imagination.
After the December crash, MANA has created lower lows for some trading sessions. Although there has not been a significant increase in the bullish pressure, sell volumes have also lacked. A possible increase in the buying pressure could push the coin up to the upper $4 level in the next few weeks.
In the long term, MANA analysts predict that the coin could reach $20 levels by the end of 2025. This prediction is based on the increased adoption of metaverse projects like Decentraland in both the NFT and the crypto markets. MANA is still a staunch competitor in this space and will likely remain that way.
Investors can use MANA coins for:
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
MANA is a cryptocurrency used to interact on Decentraland - a virtual world where users can buy LAND to construct houses, art galleries, etc. MANA can be used to purchase LAND as NFTs or held as a store of value.
186 Cr. MANA
59% Buy 41% Sell
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