Key Statistics
The Decentraland (MANA) token operates within a dynamic market. Key metrics, while subject to frequent change, provide a snapshot of its market standing. These include its market capitalization and fully diluted valuation, which offer insights into the project's overall scale and potential future supply dynamics. For the most current figures, it's essential to consult a live data source.
About Decentraland
Decentraland offers a compelling alternative to the physical world: a user-owned, Ethereum-powered 3D virtual reality platform. Within this digital universe, users can purchase parcels of virtual land and other in-world assets, which are represented as non-fungible tokens (NFTs). The platform's native currency, MANA, is an ERC-20 token used for all these transactions, from buying land to acquiring wearable items for avatars.
The project initially launched in 2017 through a successful Initial Coin Offering (ICO) that raised approximately $24 million. However, the gates to its immersive 3D world didn't open to the public until February 2020. Beyond simply exploring and building, users can engage with a dedicated marketplace to trade their NFT assets, all priced in MANA. This creates a full circular economy within the platform. To get a real-time view of the market's activity and sentiment, many traders 👉 track advanced charting tools.
Related Cryptocurrencies
The cryptocurrency market is vast, with numerous projects operating in the metaverse and gaming sectors. Many other digital assets share similarities with Decentraland, focusing on virtual worlds, digital ownership, and blockchain-based economies. These projects can be categorized and sorted based on various factors such as market cap, trading volume, and use-case, helping investors compare and identify potential opportunities.
Technical Analysis Overview
Technical analysis involves using historical price data and trading volume to forecast future market movements. For MANAUSD, this typically involves examining oscillators and moving averages, which generate signals interpreted by traders.
- Oscillators: These momentum indicators help identify overbought or oversold conditions in the market. The summary for MANAUSD often fluctuates between "Buy," "Neutral," and "Sell" signals based on these mathematical calculations.
- Moving Averages: These indicators smooth out price data to create a single flowing line, making it easier to identify the direction of the trend. The interaction between different moving averages (e.g., 50-day and 200-day) can generate significant "Strong Buy" or "Strong Sell" signals.
It is crucial to remember that technical indicators are not infallible predictors. They should be used as part of a broader analysis strategy that includes fundamental research and an understanding of overall market sentiment.
Seasonal Trends and Historical Performance
Reviewing a symbol's price performance across previous years can be a valuable exercise for identifying potential seasonal trends or recurring patterns. This long-term perspective helps contextualize current price action against historical norms, though past performance is never a guarantee of future results. Analyzing annual charts can reveal periods of historically high volatility or consolidation.
Selected Watchlists
MANAUSD is featured on numerous curated watchlists created by analysts and community members on various platforms. These lists often group assets by theme, such as "Metaverse Tokens," "Top Gaming Cryptos," or "High Potential Assets," allowing traders to easily monitor MANA alongside its peers.
Frequently Asked Questions
What is the current price of Decentraland (MANA)?
The price of MANA is highly volatile and changes continuously throughout the day. To find the most up-to-date price, you should always check a reliable live chart. Historical data shows that the token has experienced significant fluctuations over various time frames, including weekly gains and monthly declines.
What was the all-time high for MANA?
Decentraland's MANA token reached its highest recorded price in late November 2021. This peak was achieved during a massive bull run across the entire cryptocurrency market, driven by intense hype around metaverse projects.
What was the lowest price for MANA?
Like all cryptocurrencies, MANA has experienced periods of significant decline. It established a notable low in the spring of a recent year. These lows often represent potential accumulation zones for long-term believers in the project, though they are only confirmed in hindsight.
How and where can I buy MANA tokens?
The most common and secure method for acquiring MANA is through a well-established and reputable cryptocurrency exchange. The process typically involves finding a reliable broker, creating and verifying an account, depositing funds, and then executing a trade. Some platforms even allow for direct trading from advanced charting interfaces. To find a suitable platform, you can 👉 explore more strategies and options.
How reliable is technical analysis for MANA trading?
Technical analysis is a widely used tool for evaluating crypto assets like MANA, but it is not a crystal ball. Markets are famously volatile, and while indicators can provide valuable insights into momentum and trends, they should not be used in isolation. A comprehensive strategy also includes fundamental analysis of the project's development, user activity, and broader market conditions.
What is the best way to stay updated on MANA?
Staying informed is key to navigating the volatile crypto market. Many traders use a combination of live price charts, technical analysis summaries, dedicated news feeds covering cryptocurrency developments, and community discussion forums where users share trading ideas and market perspectives. Engaging with these resources can provide a more rounded view of the factors influencing MANA's price.