According to market analysts, the value of MANA (the popular Decentraland currency) has reached $3.27 on Feb. 16. This is 10% more than in the previous 24 hours.
These data are based on both a detailed, real-time forecast as well as a technical analysis. The cryptocurrency’s market capitalization is USD1,349 167,774.
MANA, the most valued cryptocurrency by market value, is currently the 29th.
Decentraland is available on 204 different crypto exchanges. In the past 24 hours, its native cryptocurrency has been most in demand on crypto exchanges like Binance and CoinTiger.
In the past 24 hours, the MANA/USD and MANA/KRW pairs were the most popular Decentraland pairings.
MANA has the highest market capitalization, making it one of the most popular coins in metaverse.
MANA Prepared for Mainstream Adoption
Decentraland allows you to create and enjoy a large virtual world. You can also sell or procure art and other items.
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.
Source: TradingView.com| Source: TradingView.com
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MANA’s value may rise or fall depending on whether the market is bearish or bullish in the coming weeks and months. Analysts expect it to lose $1.8 over the next weeks. They believe that it will break multiple records in the coming 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 Prices 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.
52 shows that the RSI is in neutral. MANA trades for approximately $3.27 per currency.
Analysts predict that MANA will see a rise in price as midyear unfolds. According to Wallet Investor’s forecast, it is seen to trade at around $8 by the end of 2022 if bullish trends continue.
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GDA Capital featured image, Chart from TradingView.com