Metaverse Fade &The Significant Role of Decentraland (MANA)

Metaverse Fade &The Significant Role of Decentraland (MANA)

A week ago on 7th April, 2022 a news item containing the analysis of gaming crypto coins was published. According to the news item, gaming coin economy is expected to witness a value boost in the month of April, 2022. It was further suggested in the news item that in the driving seat of gaming crypto wagon, Decentraland (MANA) will be in the driving seat. At the same time, gaming coins such as PAC of Pac-Man Frog and CRO i.e. Cronos would also play significant roles.

Past Month’s Leading Gaming Currencies

March, 2022 was quite a phenomenal month in terms of significant value increase in Metaverse crypto coins. Amongst the leaders, DecentralandMana secured number 1 slot while Metaworldpad and SAND were at second and third places.

Like any other Metaverse game, Decentraland also hosts virtual lands in the online free world. Gamers love the fact that they can customize almost everything in the game such as their characters, landscapes etc. The gamers also have the option of buying and selling in-gaming items and things and this is the reason why Metaverse is so popular. For the purposes of trading and exchanging the base currency in Decentraland is Decentraland (MANA).

Explosion Expected in MetaverseIn April

Analysts are predicting that the crypto coins pertaining to any Metaverse would be highly lucrative for investment in April, 2022. They are simply basing their predictions on the dreadful increase of inflation worldwide. They believe that those who wish to claw back some returns from crypto industry, then they must put their money into any Metaverse coins. They are furthermore advising that Metaverse coins such as Decentraland token, SAND, AXS etc. are to be looked at for investment purposes. For them, Metaverse market and investment therein will explode in this very month.

But considering the past practices, it is good to invest money into those Metaverse coins which are being offered under ‘initial offerings’. This is perhaps right because initially the price of such coins is at its lowest and the surge comes only after the launch. For instance, Pac-Man Frog is expected to launch its in-game currency called “PAC” hence investing in PAC would be a good option for investors.

Metaverse Fade

Considerably new but Metaverse fade is particularly on the horizon since 2021. Projects like Sandbox were in fact the pioneers which were able to garner worldwide investors’ attraction. They successfully sold acres of virtual lands in their games against thousands and millions of dollars. The fade however is not going to end any sooner. In fact, it is expected that the fade will continue to grow bigger and bigger as more and more investors are interested in the Metaverse investment.

Future of Decentralized (MANA)

Decentraland (MANA), which too is a virtual gaming currency, is very much the same as PAC of Pac-Man Frog. However, Decentraland (MANA) belongs to the world’s biggest blockchain network of Ethereum. The users of Decentraland (MANA) are also enjoying the division of this virtual coin which is further sub-divided into LAND and MANA respectively. The virtual coin was first introduced in 2017 at which time it offered initial coins worth US$ 24 Million.

Without an iota of doubt, it is highly lucrative to invest in Decentraland (MANA) because of several reasons. One of such reasons is that the users of Decentraland (MANA) have the option to be a part of crucial decision by utilizing their voting rights. This right has been made available to them because of Decentraland (MANA’s) governing feature.

Time Is Now

When the year 2021 began, it brought whopping adoption of the Decentraland (MANA) coin. By the year 2021, Decentraland (MANA) was able to throw virtual coins worth approximately 1.5 Billion into the market. This literally meant that the project had already issued 68% of its total supply by the end of 2021. Since then the supply has become limited to 32% only. The total supply to be sent into the market of Decentraland (MANA) is capped at 2.19 billion. Certainly, the time is scarce for investing into this MANA coin or else it will soon become a ‘rare’ crypto coin.

Leave a Reply

Your email address will not be published. Required fields are marked *