67% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. Crypto-assets are highly volatile unregulated investment products. No protection for EU or US investors.
For some time now, the Decentraland (MANA) course has been attracting the attention of the cryptocurrency community. This cryptocurrency from the Decentraland platform is one of the most promising. Decentraland has raised $25.5 million from top investors like Boost VC, Fabric Ventures, and Genesis One Capital.
In this article, we will see what the Decentraland project is all about.
MANA Mining
If you want to mine Dencentraland, the most powerful hardware would be ASICs, which are unfortunately extremely expensive these days. And if you are mining with a computer, a GPU will not generate a high return. Mining difficulty increases with the number of miners. There are calculators that allow you to make projections on your yields based on the characteristics of your equipment.
Staking
Some platforms like Crypto.com allow you to stake your MANA and earn passive income, up to 3% per year. As a validator, you can increase your chances by having a large number of MANA, which requires a large investment. More and more trading prefers staking to mining, this system proving to be more environmentally friendly, as it does not require large amounts of energy and material.
What is the Decentraland EUR price in 2022?
With the establishment of the downtrend since May 2021, Decentraland continued at USD price of $0.75, around 0.65 Euro. For those who thought it was too late when its price exceeded 1 dollar, this is a chance to buy this cryptocurrency for less.
It is possible that Decentraland will focus on improving its functionality for services in the future and some partnerships could support cryptocurrency growth. At the end of 2021, Decentraland could trade at $2, giving a MANA EUR price of €1.64.
MANA course: Evolution from 2017 to 2022
Let us now look at the price of the MANA currency since its creation.
Decentraland Course 2017: A Low Value Entry
Decentraland's MANA coin entered the cryptosphere and was trading on September 16, 2017 at a price of $0.026. The cryptocurrency started falling to $0.009 at the end of October.
Later, its price steadily climbed to a first peak of $0.13 in mid-December. But the MANA plunged further to $0.096 at the end of December.
Decentraland Course 2018: A Rise Begins
The crypto continued to trade at a price of $0.10 at the start of January. Decentraland price rose dramatically, 1 MANA in USD was worth $0.27. It then plunged to $0.10 in mid-January.
The MANA declined sharply to $0.08 in early February and came to a support level of $0.14 in mid-February. It is going to trade in the range of $0.05 and $0.17 throughout the year. Finally, at the end of December 2018, the MANA was trading at $0.04.
Decentraland Courses in 2019: A Mixed Year
Decentraland price crashed to $0.03 before rising to $0.05 in March. It will trade between $0.03 and $0.04 for several months. Its price fell to $0.02 and then recovered to $0.03 in December.
Start of the NFT craze in 2020
This was the case of MANA, which jumped more than 600% in the days following the record sale of digital objects.
Most cryptocurrencies have a strong correlation with the price of BTC. If the latter is on the rise, often the whole market will rise as well. On the other hand, a poor performance of Bitcoin could have the opposite effect on altcoins.
MANA is no exception to this rule. The price of the token has shown a fairly strong relationship with that of Bitcoin since the beginning of 2021. Thus, the factors that drive Bitcoin down could weigh on the price of MANA. For example, supply and demand, the regulations of certain countries like China, or the way the media or celebrities talk about it online.
Regulation around Cryptos and the Decentraland Course
Since May 2021, the question of the regulation of cryptocurrencies has resurfaced with central banks. Indeed, even if banks are not at the origin of crypto currencies, they could however regulate them more strictly. The NFT market could also be regulated.
What Future for the Decentraland Course?
The entire cryptocurrency community agrees that MANA will appreciate over time as Decentraland grows in popularity.
Decentraland MANA Price Prediction in 2022
MANA could start the year 2022 with a price of $2 to $2.2 and the cryptocurrency could probably attract more users. At the end of 2022, the cryptocurrency could trade at $5.75.
Decentraland EUR Price Prediction for the Next 5 Years
In 5 years, Decentraland could reach new heights. Through certain partnerships and developments, the number of users will increase and investors will raise more funds for this project. If the cryptocurrency gains traction, Decentraland could trade around $10 in 5 years.
Decentraland Price Prediction in 5 Years According to Other Sources
According to WalletInvestor, MANA is a good token in which to invest for the long term. Its price could reach $1.25 at the end of 2021 and $1.72 at the end of 2025.
According to TradingBeasts, the MANA could rise to $2.2 in the coming year and reach $5.38 by the end of 2026.
Digitalcoinprice meanwhile predicts that the price of MANA could reach $2.09 by the end of 2021 and $4.04 by the end of 2025.
What is Decentraland?
Decentraland was founded in 2015 by Ari Meilich and Esteban Ordano in California. In its early days, the Decentraland platform was divided into pixelated grids. The allocation of these grids was done through the Proof of Work algorithm.
Decentraland (MANA): Definition
Decentraland is a virtual world, developed on the Ethereum blockchain. It allows users to buy land or plots in its virtual world. When someone buys land in Decentraland, the details of the current transaction are recorded in the blockchain.
The founders of Decentraland believe that centralized platforms like Twitter and other platforms hold full control of the content posted there. Centralized platforms have developed a large community of users and exploit them to earn revenue. This is the problem Decentraland aims to solve.
The idea of Decentraland is to create a network where content creators would have full control of their content and manage it themselves. With this system, content creators and users can make transactions directly, without the intervention of a trusted third party. Thus, transaction costs will be reduced.
How Does Decentraland Work?
So you know that Decentraland is a virtual world. You can compare it to popular games like Minecraft or SimCity. But in Decentraland, you actively participate in a 3-dimensional (3D) world.
On Decentraland, you can buy land and build content on it, visit places, buy goods and services, all in a virtual world based on the Ethereum blockchain.
To track land ownership, the Decentraland app relies on the Ethereum blockchain. Owners of virtual land are free to develop applications on the land they own and monetize it.
The architecture of Decentraland is composed of several layers
The Consensus Layer
The content layer
And the layer in real time.
Land ownership details are stored in the consensus layer. Just like in the real world, every land in Decentraland has unique coordinates. The consensus layer also contains the description of the type of content that the terrain has.
As for the content layer represents what is happening on the land in question, called a plot in Decentraland lingo. It also hosts content intended to be shared in exchange for payment.
Decentraland's final layer is a real-time layer. It allows users in the virtual world to communicate with each other, through voice messages and chat.
Decentraland Tokens
There are two tokens on Decentraland. The first is the LAND, which is an ERC-721 standard non-fungible token (NFT), indicating ownership of the purchased land. Then, the second token is better known, the MANA. It is an ERC-20 token. You can use MANA to pay for services in the virtual world and also buy land on Decentraland.
MANA powers Decentraland's economy, and every product and service is priced in MANA. The maximum number of MANA tokens is capped at 2.6 billion. You can buy and sell it on online exchanges and brokers.
LAND tokens, on the other hand, are not interchangeable currencies. They are the ones who represent the lands, which are unique to Decentraland. They indicate ownership of virtual land on Decentraland.
How Are Lands Assessed on Decentraland?
You must be wondering how one can buy virtual land and how the prices are set. However, you will see that Decentraland is a true virtual economy, where landowners earn real money over time.
Land valuation on Decentraland follows the same logic as real estate in the real world. Just like in the real world, the location of your land plays an important role in determining its price. The other important factor is the development of virtual infrastructures that take place on the ground. Thus, a combination of the location of your land and its development will influence its price.
If the owner has developed an attractive game on his land, or virtual showrooms, more users will visit this one. Any land located near neighborhoods like Crypto Valley or Dragon City for example, will have higher prices. If you are a buyer, you will have to pay higher prices to buy land near vibrant neighborhoods. Prices are also high near Genesis Plaza, where there are several virtual amusement centers.
The most popular developments within Decentraland are:
Art galleries where owners display and sell their digital NFT art, including Cryptokitties and other types of NFT collectibles.
Casinos, where players can earn MANA.
Gambling sites, such as Whac-a-mole
Content sponsored by brands, such as the recently announced Atari arcade, which will feature games playable in Decentraland.
Entertainment venues where DJs and musicians play music and organize concerts.
To gain more MANA on your land, you can buy a plot adjacent to it. If you own two or more lands side by side, then this is called a domain. Owning a domain on Decentraland means you can develop larger projects on your virtual land, which will fetch higher prices during resale.
MANA Applications
You are now wondering how all of this can benefit Decentraland users. Here are some applications that allow you to earn MANA and exchange them later for euros.
1 – Develop Paid Experiences
You can transpose the idea of amusement parks to Decentraland. A developer can for example create a park or showroom, in which he creates virtual objects to be discovered by Decentraland users or visitors.
In order to make the experience unique, he can organize an event that takes place once a week. You will have to pay MANA to access the park. For just 5 MANA, or about $3.75, with 100 attendees, the land owner can generate $375 per week for this virtual event alone.
2 – The rental of plots
If you don't know what to build, then you can rent out your plots to other users. They will be able to develop activities there. You can win big, if you have land on the most visited areas.
So you can rent advertising space. Ultimately, these are real users visiting the grounds. For companies and advertisers, it is a potential. They can still use the plots to build billboards for brands that exist in real life. The possibilities are many!
3 – Offer Services
We can present several services that revolve around Decentraland. With the explosion of the NFT market, there are many opportunities for investors to buy real estate on Decentraland, in order to resell them at a better price.
You can additionally launch a platform that offers Decentraland-specific building templates. For users who want certain types of houses and buildings. They can buy them and upload them to their plot.
Decentraland MANA course in 2022, is it too late to invest in it?
The MANA reached a record in early May 2021, at $1.5. And that's after surging from January to around $0.8. So that's growth that might make you think it's too late to invest in Decentraland.
However, since mid-May, the price has experienced a correction, to give new investors a second chance. At €0.70, the price of MANA is becoming rather attractive, especially since many investors are convinced that Decentraland will one day have a popularity comparable to Minecraft.
Conclusion: The Decentraland Course Today and Tomorrow
Decentraland is an innovative project that will undoubtedly gain unprecedented popularity in the years to come. The NFT market is booming and will carry the MANA cryptocurrency, whose most optimistic projections are for $10 for one MANA. This cryptocurrency is therefore potentially a good investment.
Being a still relatively young cryptocurrency, Decentraland is not yet found on many platforms.you can buy mana on exchange like coinbass, crypto.com binance or binance us.
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