Decentraland (MANA) Market Cap Plunged More Than $800 Million in May

Decentraland (MANA) was among the tokens that were hit hard during the market crash of May, seeing more than $500 million wiped off its market value.  The post Decentraland (MANA) Market Cap Plunged More Than $800 Million in May appeared first on BeInCrypto.

Timeline of Decentraland

Leading tech companies including Microsoft, Nvidia, Meta, and Sony have come together with 31 other organizations to establish a Metaverse Standards Forum. The forum aims to “focus on pragmatic, action-based projects such as implementation prototyping, hackathons, plugfests, and open-source tooling to accelerate the testing and adoption of standards, while also developing consistent terminology and deployment

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Decentraland registered a low in May at $0.629.

Some cryptocurrencies are fortunate to deliver a reasonable use case that can surely assist people, and there are crypto initiatives that aspire to transform the way we see the coin sector for the better. Metaverse powerhouses such as Decentraland (MANA) want to create a large global ecosystem to compete with the largest global corporations. Then …

The hype of the Metaverse certainly declined considerably in the last two months as the market crashed twice, and the likes of Decentraland stand on the receiving end of this bearishness. The Metaverse token MANA is witnessing fear in its investors after a very long time, and it might cause a further drawdown in the

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice MANA, the token of Decentraland, has been a poor performer on the price charts since early February. The rallies of late January and late March measured 71% and 25% respectively but were still unable to

A leading crypto exchange says metaverse tokens are significantly outperforming the rest of the digital assets markets in year-over-year (YoY) returns. In Kraken Intelligence's new May 2022 market recap and outlook, the exchange giant finds coins such as Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), ApeCoin (APE), and STEPN (GMT) are outperforming the rest of the crypto markets. “When looking at 1Y performance, the Metaverse sector The post Crypto Exchange Kraken Says Decentraland, The Sandbox and Metaverse Sector Far Outperforming Market Year-on-Year appeared first on The Daily Hodl.

After Decentraland [MANA] lost its previous baseline at the $1.9-mark, the sellers steered the trend to their fancy by keeping the price below the 50 EMA (cyan) for the most part. A string of lower peaks alongside the recent growth on its troughs molded a symmetrical triangle in the four-hour timeframe.

Versus Entertainment taps Decentraland and Lumiere to develop NFT and metaverse-focused angles for an upcoming film. The post NFT Film “Infinite Machine” Taps Decentraland and Lumiere to Inject Metaverse-Focused Angles appeared first on BeInCrypto.

After the sellers provoked a high volatility break below the $1.9-level in late April, Decentraland (MANA) saw a series of consistent troughs alongside lower peaks on its chart. The three-week trendline resistance offered a strong selling point for constricting the bull runs over the last month.

Decentraland, the largest Metaverse in the crypto space, has been a pioneer with its wearables, and further demand for similar features has led to the platform noting higher traffic on both the DeFi as well as investor front.  Decentraland jumps back up While some cryptocurrencies continue to take damage from the crash of 9 May,