With the news of McDonald’s entering the Metaverse world with its first virtual restaurants with home delivery and Samsung opening a store in Metaverse, the popularity and price of MANA have increased since both these brands are taking part in Metaverse through MANA. However, with the recent market crash, everyone is wondering what its future will be. So, if you have similar thoughts running through your mind, we are sharing the analytics with you.
However, before we go into the details, let us share with you that MANA is one of the most popular and active cryptocurrencies that has taken the cryptocurrency world by storm. For instance, in November 2021, MANA managed to achieve the highest price of $5.90. In 2022, MANA is likely to be the most surprising cryptocurrency out there. While it’s not related to Bitcoin, it can be purchased and traded through cryptotrader.
MANA was launched in 2019, and it has managed to earn the utmost returns on investment of 1310%, given the higher interest in these Metaverse tokens. So, now, let’s check out the information about MANA and how it will perform in 2022.
MANA – What Is It?
MANA stands for Decentraland, and it’s the VR platform that’s based on a specialized Ethereum blockchain. MANA allows the users to create, monetize, and experience the applications and content. It was launched after the ICO of $24 million that happened back in 2017.
Moreover, this virtual world inaugurated the closed beta in the year 2019, and was launched to the public in 2020 (in February, to be precise). Also, do you know MANA is the first Metaverse token that has conducted a virtual wedding and fashion week?
To illustrate, this is the ERC-20 token that needs to be burnt for acquiring the NFT ERC-721 tokens. In addition, these tokens are perfect for paying for names, avatars, and wearables in the MANA marketplace (you might be able to purchase burgers from McDonald’s and the latest smartphones from the Samsung store since these two brands are launching in MANA Metaverse). Honestly, all these progressions show that MANA will become more profitable, so let’s tap into the details!
Current Market Status
As of yet, MANA is trading at $3.33, and in the past 24 hours, it has managed to earn over 2.01% profit. In addition, it boasts a current circulating supply of over 1.83 billion MANA.
The Price Analysis
With the recent developments and changes in the crypto world, it has actually helped the price of the cryptocurrency. Currently, MANA is boasting the uptrend, and it’s likely that this trend will continue since the candlestick isn’t touching the screen’s bottom curve anytime soon.
This clearly means that the uptrend and profit will be sustained for the upcoming days before there are chances of any reversal. Currently, it has an RSI of 63.59, which means it’s a strong trend.
This is because if the cryptocurrency coin or token has an RSA (relative strength index) between 50 and 70, it’s labeled as a token or coin with a strong trend. For the most part, it has an upward curve which shows that the bullish run of this cryptocurrency will continue for a few days. It simply means that if you’ve lost some money in the past few weeks due to the global market crash, there are higher chances that you will be able to recover your investment this year (we hope so!).
The Price Predictions
Within the small timespan, MANA has clearly delivered a bullish uptrend. In the past thirty days, the price of this token has increased by 12.7%, and in case of the reversal, MANA’s price will plummet down to $3.1197.
On the other hand, if this trend continues, it will be able to break the resistance level of $3.9860. Even more, it has the capacity of going beyond $10, and by the end of 2022, it could hit the mark of $5.2647, which is pretty much in favor of this token.
On the other hand, if the market goes in the opposite direction, there will be an obvious price decline to $3.1197, which is why it’s important for this crypto to regain its composure to retain its bullish place. As far as the growth is concerned, the first quarter of 2022 will only witness slow growth, but there are no drastic falls in line.
Conclusion
On a concluding note, MANA is meant to have a great future in 2022, and with the current development, it’s needless to say that MANA will reach new heights pretty soon. So, it’s time you invest in this token because it’s going to be big!
