MANA Price Rallies 45% To $1.27 Buoyed By Facebook Rebrand
MANA price has rallied 45% over the last 24 hours following the news of Facebook rebranding to Meta.
MANA’s upward movement aims for the all-time high around $1.70.
The MANA price has rallied a massive 45% over the past 24 hours, a significant increase for the DeFi coin. Decentraland’s price rally has been largely driven by the news of Facebook rebranding to Meta. The tech giant announced it was rebranding to Meta, reaffirming its metaverse ambitions.
The news saw Metaverse, NFTs and gaming token prices rally just a few minutes after the announcement with some metaverse-related cryptocurrencies gaining as much as 100% in the last 24 hours.
Decentraland (MANA) price analysis reveals that it has soared as by as much as much as 80% at earlier today to an intra-day high of $1.521before being rejected by the $1.50 resistance level.
MANA Price Rally Aims For $1.70 All-Time High
At the time of writing, MANA price is changing hands around $1.27 on most crypto exchanges and appears to be fighting immediate resistance from the $1.30 psychological level. A closure above this level could see the Decentraland token rise to tag the April 17 all-time high (ATH) around $1..70.
Before hitting this target, the MANA bulls have to overcome selling pressure from the $1.42 and $1.49 supply zone.
The entry of the Relative Strength Index (RSI) into the overbought zone indicates that the bulls are in control of the MANA price, accentuating this bullish outlook.
Also the upward movement of the MACD and its position above the zero line in the positive region validates this optimistic outlook.
However, if MANA slips back into the demand zone, the red band, it could trigger massive sell orders that could see it tank towards the 200-day SMA at $0.85, the 100-day SMA at $0.80 and the 50-day SMA at $0.871.
Decentraland
Decentraland (CRYPTO: $MANA) Is Our Top Metaverse Play! ♾️What Is Decentraland (MANA)?
Decentraland (MANA) 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 purchase plots of land that they can later navigate, build upon and monetize.
Decentraland was launched following a $24 million initial coin offering (ICO) 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: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.
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.
On the other hand, Esteban Ordano is Decentraland's former tech lead and has a long and varied history in the cryptocurrency space working 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.
Esteban is also credited with co-founding Zeppelin Solutions, an established blockchain technology infrastructure company.
Although Ariel and Estaban 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 — termed the “Metaverse” — is divided into 90,601 individual parcels of LAND, each of which is represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (256 square meters) and can be found at a particular coordinate in the Metaverse.
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.
As of January 2021, the cyberpunk-themed Aetheria is the largest district — comprising a total of 8,008 LAND.
Decentraland is also one of the growing number of projects to use a decentralized autonomous organization (DAO) structure for governance decisions. As a result, MANA toker 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.
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Check out Axie Infinity (AXS) — a digital pet universe and decentralized trading game.
Learn more about non-fungible tokens with CoinMarketCap Alexandria.,possess%20the%20property%20of%20fungibility.)
Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
How Many Decentraland (MANA) Coins Are There in Circulation?
As of January 2021, just north of 1.49 billion MANA tokens were in circulation. This is equivalent to around 68% of the current total supply of 2.19 billion MANA.
The original total supply was set at 2.8 billion MANA, but has been reduced as more than 600 million MANA have been burned as a result of LAND auctions.
There is also a range of further burn mechanisms in place to further reduce the circulating supply of MANA, including a 2.5% MANA burn on Decentraland marketplace transactions.
MANA was originally designed to inflate at 8 percent in the first year, decreasing gradually over time to reduce the rate of inflation. But inflation is currently disabled. As per the Decentraland glossary, there are no plans to initiate this inflation "until necessary".
In total, 40% of the MANA supply was sold during the 2017 initial coin offering (ICO). In addition, 20% was reserved to incentivize the community, 20% went to the development team and other early contributors, and the remaining 20% was held by Decentraland. Project lead tokens are no longer vested.
How Is the Decentraland Network Secured?
MANA is an ERC-20 token. This means it is based on the Ethereum blockchain.
Ethereum is secured by a massive decentralized network of miners, which work together with thousands of nodes to ensure the Ethereum blockchain—and hence the MANA tokens—is protected against attacks.
As one of the most battle-tested blockchains in current usage, Ethereum is currently the most popular network for crypto tokens that don’t have their own native blockchain.
Where Can You Buy Decentraland (MANA)?
The MANA token currently benefits from excellent liquidity and can be purchased, traded or sold on around 100 different exchange platforms. As of January 2021, Binance, OKEx and Coinbase Pro are among the most liquid exchanges for MANA tokens. A full list of available markets can be found in the “Markets” section.
MANA can currently be traded against Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) — and can be purchased with a range of fiat currencies, including KRW and USD.
🆓Decentraland (MANA) Oct-2 #MANA $MANAMANA has good support at 0.7$ zone and it has really high potential in this October. Its targets would be 0.9$, 1.1$, 1.4$ and 1.8$ zones. But if it loses 0.7$ zone, it will fall down to 0.6$ zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.7$ zone
🔴Buy : 0.7$
🔴Sell : 0.9$ - 1.1$ - 1.4$ - 1.8$
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.7$ zone
🔵Sell : 0.7$
🔵Buy : 0.6$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
MANA: time to start buyingThis MAY be a bull flag, I'm not sure because it's too much inclined, so I'm just basing my analysis on trendlines and indicators.
MANA looks at a decision point as it's against a resistance but not just for this reason. VLPR shows current price range is where most of the transactions happened so far and, if you look at 4h and 1h bollinger bands there's a CLEAR contraction meaning a sudden move is about to happen. Since last LL was below 0.618 Fib line I think it's safe to believe this could start going up. However I'd enter carefully. Either you wait for next 4h candles to start shaping up or you enter with 20% of you position.
Worst case scenario: MANA goes into the 0.786 Fib line territory (around 0.51USDT) and then goes up but entering with a 20% of the money you can do a DCA even if this is a short term signal.
Best case scenario: it goes up and you've already a 20% of your bag.
What I would do: at the time I'm writing the 4h candle has 7 min left, I'd wait for at least another 2h before taking a decision.
Use stop loss. Good luck
Call me MANAna!Decentraland : Inverted Head and Shoulders in the making with target $0.95. Entry on the neckline (white) backtest if broken up. SL below the right shoulder. RRR ~3. Call me MAÑAna!
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
MANAUSDT🌟MANA in lower time frames (which is in bearish bias) has shown weakness and the bulls break the trend line which is why it makes us enter position
🌟if you are interested you can also use this MANA in the main platform's game as the main currency and also trade it there with properties which can also give profit over time but that's optional, its also fun
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Possible $MANA SituationPENNANT FORMING DURING ACCUMULATION PERIOD!
Ever since tapping its ATH of $1.60, MANA broke down and found support in the red zone.
I believe it will move sideways for the next couple of weeks in the .75 to .95 cents range before a move up to $1.60
After that, it will discover a new price above the 1.6 fib levels.
If there's one thing I've learned about crypto, it's that as long as the coin has a real use, then it'll someday get back to its peak levels.
*This is not financial advice, please do your own research*
P.S. Let me know what you think of this analysis in the comments, I would appreciate the feedback!
🆓Decentraland (MANA) Sep-2 #MANA $MANAMANA just got rejected at 1.1$ and it could fall to 0.85$ area in next few days and continue to move towards 1.25 and 1.7$ zone this September.
📈BUY
🔴Buy : 0.83-0.87$. SL if B
📉SELL
🔴Sell : 1.22-1.28$. SL if A
🔴Sell : 1.66-1.74$. SL if A
♻️BACK-UP
🔵Sell : 0.83-0.87$ if B. SL if A
🔵Buy : 0.73-0.77$. SL if B
🔵Buy : 0.635-0.665$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
MANA-USDT Buy and HoldBUY AND HOLD
In addition, we remind you that as the popularity of the metaverse and the Decentralized Earth has increased dramatically over the past year, which has led to an increase in demand, the digital assets associated with them (i.e. their own MANA token, real estate / real estate / LAND prices, etc.) have also increased significantly in price. This, in turn, led to increased interest in investing in a metaverse / decentralized territory and institutional implementation (for example, recognition and penetration into the corporate environment / brand).; A trend that is likely to continue in the future, when companies such as Atari acquire large holdings to interact with customers. This, along with the growing popularity of the NFT market and related digital assets in a decentralized country (for example, wearables, collectibles, etc.), is likely to continue to stimulate the value proposition of a Decentralized country in the future.
By facilitating the new and complex process of investing, buying and renting in decentralized and similar implementations of the metaverse, Metaverse Property aims to make the process of virtual real estate transactions smoother through various service offerings. These include: real estate management, development, consulting, marketing and investment through Metaverse REIT. The Metaverse property provides access to a variety of offerings in the main areas of the Decentralized Earth, including Crypto Valley, Dragon City, Ether City, Vegas City, Fashion Street and District X. Thus, Metaverse Property strives for a vision of the future that simulates the "First Player Preparing", where business and real estate will exist in tandem at new frontiers, including both material and digital reality. The company strives to promote this vision and commitment to its core principles of creating the best places to call home by doing what is right.
Take into account that the NFT market tripled last year with a very strong movement by 2021. As more and more wearables, collectibles and art become represented by NFT and with broader overall investments in space, the demand for a mechanism for storing and displaying these digital assets will constantly increase. Decentraland and similar metaverse implementations are the main mechanisms for storing / displaying these digital assets, thereby adding an additional dimension to the Decentraland value proposition.
Investing, Buying and Renting with Metaverse Property Even though virtual land / real estate is becoming an increasingly valuable emerging asset class across the metaverse, many investors may be overwhelmed by the novelty or complexity of buying / renting / investing in Decentraland digital real estate.
To this end, one of the partners of the GDA Group, Metaverse Property, has tried to make the process of operations with virtual real estate smoother with the help of various service offers.
Metaverse Property is the first virtual reality-based real estate company in the entire industry, providing access to the developing virtual land industry through various metaverse implementations, including:Decentraland, TheSandbox, Somnium, Cryptovoxels, and Upland.
Metaverse Property facilitates the purchase and sale of virtual property in addition to a set of other services led by pioneers in the NFT and blockchain industry.
Some of these services include:
● Property management: includes renting out real estate to clients, technical and aesthetic services, collecting rent from clients, a contact point for all questions and requests related to clients.
● Development: managing the design, design and development of a building, as well as creating a project on the map.
● Consultations: assistance to real estate owners / tenants in making important decisions in the field of real estate based on virtual reality using their knowledge about the virtual earth in the metaverses, as well as about the blockchain industry in general.
● Marketing: Metaverse Property has reliable access to a growing advertising network that exists in various metaverses. In addition, the team has significant experience in marketing various projects related to blockchain and NFT. Thus, they have demonstrated the ability to increase accessibility and can do this for virtual land or enterprises.
In addition, Metaverse Property has created the first virtual real estate investment trust (for example, Metaverse REIT), providing investors with access to the best real estate assets in the metaverse without burdensome barriers to entry, such as developing technological savvy in the blockchain and metaverse market spaces. Consumers can get access through the Metaverse Property REIT token: NFT, supported by the company's virtual land and real estate portfolio.
As for Decentraland, Metaverse Property provides access to land in five Decentraland districts, including some of the following:
● Crypto Valley: A virtual land / district in Decentraland, where a community of cryptocurrency / blockchain-based projects unites to form a community focused on promoting innovation.
This comes from the name of its real-world counterpart, Silicon Valley.
● Dragon City: Dragon City combines ancient Chinese culture and modern Western civilization, reflecting a kind of fusion of East and West.
● Etherian City: One of the main attractions of Decentraland, covering the largest cyberpunk community in Decentraland. Some of the attractions in it include a nightclub, various living quarters, a specially designated area for tournaments, various playgrounds and other events. In accordance with its cyberpunk nature, the setting of this area seems futuristic and includes an environment stylistically similar to "The First Player at the Ready".
● Vegas City: True to its name, Vegas City in Decentraland is actually a double of its real counterpart, Las Vegas. This is a party city, a Decentraland gambling district designed to mimic Vegas. There are many casinos, shopping centers, nightclubs, concert / concert halls and other entertainment venues.
● Fashion Street: This area reflects the real brands of leading brands (for example, Gucci, Prada, RalphLauren, etc.) and brings the same concept to Decentraland. In fact, Decentraland users can go to Fashion to get a more detailed shopping experience.
● District X: District X is the" red light district " in the Decentraland community, which contains many adult services, such as: VR pornography, dating services, adult e-shops, adult online chat and much more.
In particular, some of the offers that Metaverse Property owns or offers in Decentraland itself include the following:
● Global Digital Assets Estates
● GDA Dragon Estates: Global Digital Asset Estates near Dragon City.
● GDA Crypto Valley Estates: a meeting place for startups and investors.
● GDA Aetherean View,
● GDA Plaza Estate
● University-related district plot: A nice plot on the University highway, beautifully located within the district. It is suitable for driving on roads due to its proximity to the motorway.
● Plot associated with Anarchy International: a plot of land located with coordinates (x, y) = (30, 65) in Decentraland.
● The site connected to the conference room, on the main road: this site is an ideal opportunity for business / commerce due to the active activity around it and its convenient location.
● Fashion Street Estate: One of the most affordable estates on Fashion Street.
● Large Genesis Plaza Estate: This is one of the largest estates for sale in all of Decentraland, with a great location in close proximity to Genesis Plaza.
● Legacy of Blockchain Names: This estate includes some of the leading blockchain domain names in the world, including:
BlockchainJobs.com, CryptoInsurance.com, BlockchainSports.com and NewYorkBlockchain.com
Metaverse Property company adheres to the vision of the future, which simulates Ready Player One, where business and real estate will exist in tandem at a new frontier, including both material and digital reality. The company strives to promote this vision and commitment to its core principles of building the best places to call home by doing what is right.
In addition, Metaverse Property is headed by co-founders Michael Gord and Jason Cassidy, each of whom has extensive experience in finance, consulting, software and blockchains.
🆓Decentraland (MANA) Aug-12 #MANA $MANAMANA has conquered the $0.75 zone and is heading towards the $1 and $1.2 zone by the end of August. But if it loses the $0.75 zone, the $0.65 zone is still a strong support for us to buy in
📈BUY
🔴Buy : 0.73-0.77$. SL if B
📉SELL
🔴Sell : 0.975-1.025$. SL if A
🔴Sell : 1.17-1.23$. SL if A
♻️BACK-UP
🔵Buy : 0.635-0.665$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone