MANA Price Analysis January 2022

MANA is a token of platform Decentraland. Its current price is around $3.21 by the time of writing, with a low of $0.08149 in 2021, and has a market cap of 5.8 billion dollars.

Mana Price Analysis January 2022
MANA Price Analysis January 2022

What is Decentraland?

Decentraland is a virtual reality platform that runs on the Ethereum blockchain, a world of essential assets and smart contracts controlled by Decentraland DAO. Users can use it to vote on most aspects of the world. James Ashton founded it in 2017. It is powered by its native cryptocurrency, the MANA token.

Users can buy land plots in the virtual world, build 3D structures, create items, interact with other users and purchase digital goods from its market. Decentraland aims to create a virtual world where users can own and create content. It uses the Ethereum blockchain to ensure that all transactions are immutable and secure. The user’s actions in Decentraland are saved on the blockchain, meaning that future changes in the virtual world cannot reverse these actions.

What is MANA?

MANA is the coin of the Decentraland platform, which is around $3.21 by the time of writing, with a low of $0.08149 in 2021. Its current ranking is #30 according to CoinMarketCap, with a market cap of 5.8 billion dollars.

It reached a high of $5.90 in 2021 with a low of $0.08149. The MANA metaverse is a blockchain-based virtual world. It has its cryptocurrency, which can be used to purchase items for your avatar. MANA is an ERC-20 token created to be the currency of the popular game, Decentraland, and can be used to buy land in the game and other transactions.

MANA Coin Market Analysis 

It has a total supply of 2,193,899,327 coins worth around $3.21 with a market volume of 2.3 billion dollars, whereas the market capitalization is 5.8 billion dollars at writing.

MANA Price Prediction

The price is currently sitting above support on the one-day time frame and has followed a symmetrical triangle over the last few days. A breakout of this level could confirm if we saw a bullish move very soon or if the market remained bearish for a while.

For any time, on-demand analysis on $MANA or any other coin can join our Telegram channel.

Mana Price Prediction
MANA Price Prediction

Here are some of the best exchanges to buy Mana.

Nothing in this article is financial advice, and you should only invest in the market you believe is suitable for your portfolio.

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Pratyaksh