{"id":516832,"date":"2023-01-20T10:20:07","date_gmt":"2023-01-20T15:20:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=516832"},"modified":"2023-03-08T07:26:16","modified_gmt":"2023-03-08T07:26:16","slug":"decentraland-mana-swells-55","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/decentraland-mana-swells-55\/","title":{"rendered":"Decentraland (MANA) Swells 55% – Are Metaverse Tokens Back?"},"content":{"rendered":"

MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. According to <\/span>CoinGecko<\/span><\/a>, the token is up 55% in the weekly timeframe with the biggest gains made during the monthly time frame at 105%.\u00a0<\/span><\/p>\n

With 2023 showing a renewed interest in crypto, Decentraland has a lot to unpack this month for users, traders, and investors as they released their <\/span>manifesto<\/span><\/a> detailing plans to improve user experience and making it easier for creators to enter the world of the metaverse with ease.<\/span><\/p>\n

Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration<\/a><\/div>\n

\"\"<\/p>\n

The Decentraland Manifesto<\/strong><\/h2>\n

The Decentraland team recently posted on their <\/span>blog<\/span><\/a> about how this year would be the \u201cYear of Creators.” According to Decentraland, it will continue its mission it set itself from the start of 2017: to establish a decentralized platform where users can help build and grow.<\/span><\/p>\n

The blog post said:<\/p>\n

\u201cDecentraland, anyone can extend the capabilities of the virtual world\u2019s platform, audit it, contribute to it, and build on top of it\u2014all the code is open source<\/a>. To that end, in 2023 Decentraland will continue to be developed as a public good in the era of the internet.\u201d\u00a0<\/strong><\/p><\/blockquote>\n

\"\"Image: Decentraland.org<\/pre>\n
The manifesto detailed several goals that the ecosystem wants to achieve this year. Namely, the developers aim to achieve a better environment for creators, to make Decentraland more fun, and to make the performance of the ecosystem better.\u00a0<\/span>This would drive the platform to become a dominant player in the metaverse space.\u00a0<\/span><\/p>\n
In the 18 months since its birth, Decentraland’s DAO has developed into a basic decision-making system for high-level deliberations concerning the Decentraland ecosystem and the metaverse in general.<\/p>\n
In order to address the growing demand for governance and stewardship of progressive decentralization, the DAO’s procedures and processes have continued to expand with the community’s increasing self-governance experience and strength, according to the manifesto.<\/p>\n
What Does This Mean For MANA?<\/strong><\/h2>\n
As the time of writing, MANA is changing hands at $0.6210 with the token being rejected at $0.7567. This led to the token retesting its current support at $0.6352 which, if broken, could lead the bears to test further support ranges in the next few days or weeks.\u00a0<\/span><\/p>\n
If the token buckles under the rejection, we might see MANA at $0.5397 support which could easily be breached. However, with the detailed roadmap provided by the devs, MANA will have a strong enough investor sentiment that it will retest $0.7567 once the rejection reaches its bottom.\u00a0<\/span><\/p>\n
<\/p>\n
MANA total market cap at $1.1 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration<\/a><\/div>\n
Investors and traders should brace for short to mid term volatility as the token tries to consolidate above $0.6352. If MANA bulls are successful in entrenching the token above $0.6352, investors and traders will have another chance to target $0.7567 or higher.\u00a0<\/span><\/p>\n
As the development of Decentraland continues, expect MANA to reach new highs this year.\u00a0<\/span><\/p>\n
Featured image by Coinspeaker<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. According to CoinGecko, the token is up 55% in the weekly timeframe with the biggest gains made during the monthly time frame at 105%.\u00a0 With 2023 showing a renewed interest in crypto, Decentraland has a lot to unpack this month for users, traders, and investors as they released their manifesto detailing plans to improve user experience and making it easier for creators to enter the world of the metaverse with ease. Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration The Decentraland Manifesto The Decentraland team recently posted on their blog about how this year would be the \u201cYear of Creators.” According to Decentraland, it will continue its mission it set itself from the start of 2017: to establish a decentralized platform where users can help build and grow. The blog post said: \u201cDecentraland, anyone can extend the capabilities of the virtual world\u2019s platform, audit it, contribute to it, and build on top of it\u2014all the code is open source. To that end, in 2023 Decentraland will continue to be developed as a public good in the era of the internet.\u201d\u00a0 Image: Decentraland.org The manifesto detailed several goals that the ecosystem wants to achieve this year. Namely, the developers aim to achieve a better environment for creators, to make Decentraland more fun, and to make the performance of the ecosystem better.\u00a0This would drive the platform to become a dominant player in the metaverse space.\u00a0 In the 18 months since its birth, Decentraland’s DAO has developed into a basic decision-making system for high-level deliberations concerning the Decentraland ecosystem and the metaverse in general. In order to address the growing demand for governance and stewardship of progressive decentralization, the DAO’s procedures and processes have continued to expand with the community’s increasing self-governance experience and strength, according to the manifesto. What Does This Mean For MANA? As the time of writing, MANA is changing hands at $0.6210 with the token being rejected at $0.7567. This led to the token retesting its current support at $0.6352 which, if broken, could lead the bears to test further support ranges in the next few days or weeks.\u00a0 If the token buckles under the rejection, we might see MANA at $0.5397 support which could easily be breached. However, with the detailed roadmap provided by the devs, MANA will have a strong enough investor sentiment that it will retest $0.7567 once the rejection reaches its bottom.\u00a0 MANA total market cap at $1.1 billion on the daily chart | Chart: TradingView.com Related Reading: HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration Investors and traders should brace for short to mid term volatility as the token tries to consolidate above $0.6352. If MANA bulls are successful in entrenching the token above $0.6352, investors and traders will have another chance to target $0.7567 or higher.\u00a0 As the development of Decentraland continues, expect MANA to reach new highs this year.\u00a0 Featured image by Coinspeaker<\/p>\n","protected":false},"author":557,"featured_media":516835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,11549,27141,10610,3505],"class_list":["post-516832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-decentraland","tag-mana","tag-metaverse","tag-price-analysis"],"acf":[],"yoast_head":"\nDecentraland (MANA) Swells 55% - Are Metaverse Tokens Back?<\/title>\n<meta name=\"description\" content=\"MANA is the native token of the Decentraland ecosystem which, as the time of writing, has seen growth enough to recoup losses post-FTX collapse. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Decentraland (MANA) Swells 55% – Are Metaverse Tokens Back?","url":"http:\/\/uniquehot.com\/news\/decentraland-mana-swells-55\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/decentraland-mana-swells-55\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-59.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-59.png?fit=847%2C528"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","decentraland","mana","metaverse","price analysis"],"dateCreated":"2023-01-20T15:20:07Z","datePublished":"2023-01-20T15:20:07Z","dateModified":"2023-03-08T07:26:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Decentraland (MANA) Swells 55% – Are Metaverse Tokens Back?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/decentraland-mana-swells-55\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/decentraland-mana-swells-55\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-59.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/a-59.png?fit=847%2C528\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"decentraland\",\"mana\",\"metaverse\",\"price analysis\"],\"dateCreated\":\"2023-01-20T15:20:07Z\",\"datePublished\":\"2023-01-20T15:20:07Z\",\"dateModified\":\"2023-03-08T07:26:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/a-59.png?fit=847%2C528","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/516832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=516832"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/516832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/516835"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=516832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=516832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=516832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}