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Mana is the official cryptocurrency of the virtual world Decentraland. Mana is an ERC-20 token, used to buy, sell, and trade lands or other digital goods in Decentraland. Decentraland is a good example for Metaverse projects and it is one of the most famous 3D decentralized virtual worlds. Since Decentraland is decentralized, there is no big red button to shut down the virtual world. Active users are steadily growing. some digital lands with a key location inside the Decentraland are more pricey than a land lot in a major US city.
With a total market cap of over $774 million, Decentraland is the No. 65 cryptocurrency by market size. The currency symbol for Decentraland is MANA, it was launched in September 2017 and it originated in Argentina. There will only ever be 2.19 billion Decentraland tokens issued. So far 1.84 billion tokens (84.2% of the total supply) have been issued.
We found crypto protocols offering up to 16.6% APY on Decentraland deposits (3% APY CeFi, 16.6% APY DeFi) and loans as low as 6.9% APR against Decentraland used as collateral. Check out our Decentraland staking yields table and for further details.
The technical price analysis for Decentraland below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Decentraland.
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