tip: frenzy of NFTs tokens ! MANA/USDT analysis
→ 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 is a blockchain-based virtual reality platform.
Decentraland was first described in a white paper published in March, 2017. Decentraland is a virtual world where users can buy, develop, and sell LAND, a non-fungible ERC-721 token that represents the ownership of virtual land in Decentraland. Each parcel of LAND is unique and owners get to choose what content they want to publish on their portion land, which can range from a simple, static scene to an interactive game. Users can purchase LAND as well as all other goods and services in Decentraland with MANA, a fungible ERC-20 token.
Decentraland is a shared virtual world, much like the Metaverse described by author Neal Stephenson in his science-fiction novel Snowcrash or the OASIS described by author Ernest Cline in Ready Player One . It allows users to connect and interact with each other, create content, and play games. Decentraland has a virtual economy where users can engage in a myriad of in-world economic transactions as well as monetize the content and applications they build. Unlike other virtual worlds such as Second Life, it is not controlled by a centralized organization or company.
❇️Token
MANA is the digital asset token used to pay for goods and services in Decentraland. It is built on Ethereum in accordance with the ERC20 standard for tokens. MANA can be bought and sold for fiat currency or other digital currencies.
❇️Supply
The total supply of MANA tokens is fixed at 2.6 billion MANA.
(Refrence : GEMINI )
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for MANA, The current price roam about 0.5 $,
we can see the famous pattern of the cup again, which forms it after three years and gives us specific goals in the long run.
Also, the price now has good acceleration and momentum because it rides on EMAs of 13, 50 and 100, which allows the price to reach the first target of about $ 1.87, after which it can reach the target of $ 5 and later even about $ 13 with a long-term view, that depend on conditions of crypto market and the green market .
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
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 is a blockchain-based virtual reality platform.
Decentraland was first described in a white paper published in March, 2017. Decentraland is a virtual world where users can buy, develop, and sell LAND, a non-fungible ERC-721 token that represents the ownership of virtual land in Decentraland. Each parcel of LAND is unique and owners get to choose what content they want to publish on their portion land, which can range from a simple, static scene to an interactive game. Users can purchase LAND as well as all other goods and services in Decentraland with MANA, a fungible ERC-20 token.
Decentraland is a shared virtual world, much like the Metaverse described by author Neal Stephenson in his science-fiction novel Snowcrash or the OASIS described by author Ernest Cline in Ready Player One . It allows users to connect and interact with each other, create content, and play games. Decentraland has a virtual economy where users can engage in a myriad of in-world economic transactions as well as monetize the content and applications they build. Unlike other virtual worlds such as Second Life, it is not controlled by a centralized organization or company.
❇️Token
MANA is the digital asset token used to pay for goods and services in Decentraland. It is built on Ethereum in accordance with the ERC20 standard for tokens. MANA can be bought and sold for fiat currency or other digital currencies.
❇️Supply
The total supply of MANA tokens is fixed at 2.6 billion MANA.
(Refrence : GEMINI )
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for MANA, The current price roam about 0.5 $,
we can see the famous pattern of the cup again, which forms it after three years and gives us specific goals in the long run.
Also, the price now has good acceleration and momentum because it rides on EMAs of 13, 50 and 100, which allows the price to reach the first target of about $ 1.87, after which it can reach the target of $ 5 and later even about $ 13 with a long-term view, that depend on conditions of crypto market and the green market .
Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
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