您现在的位置是:Decentraland continues to decline in 2022 – Should you buy >>正文
Decentraland continues to decline in 2022 – Should you buy
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛83人已围观
简介The hype around the metaverse appears to have died down a bit. But there is no doubt metaverse proje...
The hype around the metaverse appears to have died down a bit. But there is no doubt metaverse projects are still very hot right now. Many experts see this as the next frontier of unlocking more utility for cryptocurrency. Decentraland is one key project in this area. But things haven’t really been going great for its native coin MANA. Here are some pointers:
After massive success in 2021, MANA has fallen sharply from its highs.
The coin is in fact 5x less valuable than it was just a year ago.
MANA however offers some serious potential for future returns
Data Source: TradingView
MANA price analysis in the short term
Volatility in the crypto market right now is making it very hard for analysts to foresee where some coins will go. MANA however has remained in a very consistent downtrend since we crossed into 2022.
The coin has the potential to surge again but we don’t think this will happen in the near term. At the moment, the coin is heavily suppressed below the $1 mark. It has also failed to break the $1 resistance over the past six weeks.
This could suggest that there is an inherent weakness in MANA and as such, expect a bigger slump as the token retraces the $0.5 mark. Also, things could get even worse if the current crash we see in crypto lasts for long.
Should you buy MANA?
Decentraland is no doubt the biggest metaverse project right now. Even with its headwinds, the coin is still above many other projects in this space. But it will not stay there for long.
As big tech companies invest in metaverse projects, more exciting and better platforms will rise. So, even though MANA is a good buy now, it’s not something to hold for the long term. As competition heats up in the market, MANA will likely suffer major losses.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/81949.html
相关文章
Bitcoin worth $1B has been tokenized on Ethereum since June
Decentraland continues to decline in 2022 – Should you buyOver 100k “synthetic” bitcoins or $1.07 billion has been minted on Ethereum as people lo...
阅读更多
China completes core module of world's first commercial onshore small modular reactor
Decentraland continues to decline in 2022 – Should you buyBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.China has...
阅读更多
Crypto Volumes Up By 88% In Q3 As DeFi Hype Boosted Growth
Decentraland continues to decline in 2022 – Should you buyThe combined trading volumes of cryptocurrency exchanges were up by $155 billion in the third quarte...
阅读更多
热门文章
- Australian wind farm to use AI
- The Bank Of Canada Is Concerned About CBDC Adoption
- Chip assesses cancer treatment efficacy with blood draw
- What is next for crypto? Proof of reserves is not helping this mess
- A new robot constitution that won't kill humans by Google
- Anonymous “Bitcoin” Man Organises Crypto Easter Egg Hunt
最新文章
JBS SA Using Blockchain to Monitor Deforestation in Amazon
The Gnosis Merge schedules for today as the blockchain migrates to Proof of Stake
China built 600,000 5G base stations in three months when it took US two years to build 100,000
AI language models show political biases, new study shows
Binance Is Aiming To Enter The DeFi Sector
Meet China's 'carbon copy' of Iran's 'Shahed