MANA Bloats 3.5% In Last 24 Hours, And Traders Now Smell Profit

MANA, the cryptocurrency used as payment for goods and services in the metaverse project Decentraland, has already lost 33% of its value over the last 30 days. After going all the way up to $0.7339 on November 5, the asset was on a consistent decline that pulled it down to a monthly low of $0.3611 on November 22.

Timeline of Decentraland

Top cryptocurrencies maintained their volatile movement as metaverse tokens such as Decentraland and The Sandbox traded at yearly low price levels.  The post Metaverse: Why It May Take Years for Decentraland and The Sandbox to Recover appeared first on BeInCrypto.

Are you looking for cryptocurrencies to hold for a chance to make huge gains in the next bull cycle? Rocketize Token (JATO), Decentraland (MANA), and Ripple (XRP) might be what you need.

Decentraland and Kraken are hosting a Metaverse Music Festival with 200+ artists on 15+ stages spanning four days. But users still seem to prefer virtual lands over a virtual music festival.

The MANA cryptocurrency used in Decentraland has clearly seen better days. From its 2017 high of $5.85, MANA has dropped 80% in value in the last 12 months, as shown by the most recent available data.

MANA threatens to crash further after losing about 80% of its value over the last year Its positive correlation with BTC nudges investors to follow the king coin's price At press time, MANA was trading

The cryptocurrency market is looking for the next big thing and that could be Metacade, according to some of the chatter on Reddit. The popular investment channels on Reddit can sometimes be the fuel that ignites meme coin surges in a token's price.

With crypto enthusiasts and companies buying virtual real estate, the big question is: “Is this going to be the next big thing?” Now that companies are diving into the Metaverse, land in the metaverse has the potential to be just as valuable as real-world land.

The global crypto market has demonstrated a sharp bearish reversal with most altcoins including Decentraland (MANA) trading in red.  The post With Decentraland Whales Fleeing, Here's What MANA Holders Can Expect Next appeared first on BeInCrypto.

Metaverse games like Decentraland and The Sandbox were thrust into the spotlight when Facebook announced their rebrand to Meta back in October 2021. With metaverse gaming expected to grow from $36.8 billion in 2022 to $710.

Norway has forayed into the metaverse with the announcement of a tax office in Ethereum-based Decentraland. The country's tax agency, Skatteetaten, along with its central register the Brønnøysund, revealed their metaverse ambitions at the Nokios Seminar 2022.