Why is MANA crypto soaring & is it worth exploring?

November 12, 2021 04:05 AM PST | By Raza Naqvi

Why is MANA crypto soaring & is it worth exploring? — Image source: © Hello6373 | Megapixl.com

What is Decentraland?

Launched in 2017, Decentraland came into existence through a US$ 24 million initial coin offering (ICO). This platform allows users to explore the virtual world and they can purchase plots of land, which can be later navigated, build upon and monetized.

Is MANA crypto worth investing?

As the blockchain-based gaming is becoming increasingly popular, Decentraland allows users to create a wide range of experiences on their land including 3D scenes and interactive games.

Also Read: How to buy Manchester City Fan Token & why is it skyrocketing?

There are two tokens of Decentraland and they are MANA and LAND. The use case of MANA crypto is that it can be used to pay for avatars in the game, names, and wearables in the virtual world.

Bottom line

The circulating supply of MANA crypto is 1.3 billion and the total supply is around 2.2 billion tokens.

On October 31, 2021, the MANA crypto had clocked an all-time high (ATH) of US$ 4.11 per token and today it crossed the three-dollar mark and reached US$ 3.12 apiece before settling at US$ 3.01 per token, at the time of writing.

If the cryptocurrency continues to gain the momentum, the MANA crypto could surpass its ATH in near future.

Also Read: EverGrow crypto set to explode in 2022? Know price prediction

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.