Decentraland MANA Token Flexes Muscle — Can It Break Past Its No. 29 Spot?

Christian Encila

1 year ago

2 mins read

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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

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.

Featured image from GDA Capital, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.