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Decentraland

Why is Decentraland the Metaverse of Choice for Businesses?The metaverse market as a whole has been down for the last 3 months as we plod through this crypto "winter" - though it's worth noting that Decentraland is slowly closing the gap to Sandbox after its surge last year. But one trend in particular here sticks out -- the emergence of Decentral Games ($DG) coin, which is a project that focuses on casino-style gambling games that are playable directly on the metaverse. In a way it's not surprising -- if you've been on Decentraland lately you might have noticed something: the majority of traffic on the platform right now is clustered near two types of locations -- play-to-earn games (Wunderland, etc.) and casinos run by organizations like Decentral Games. DG is a coin that went all-in on Decentraland's future -- it named itself after the platform it built itself on, even. We've heard many well-known companies jumping into the metaverse but Decentraland seems to be metaverse of choice above all others. Why? After looking into the details of the more popular metaverse projects (Decentraland, The Sandbox, Cryptovoxels, Somnium Space...even platforms like Roblox or Meta) the one thing that makes MANA stand out is the fact that it's the most decentralized platform out of all of its competitors, and its governed by its own DAO in a transparent way. governance.decentraland.org While there may be many who might oppose DG on principle (taking an anti-gambling stance), DG coin is, too, run by a DAO as well. decentral.games We may not see the influx of money going into MANA until the next fiscal year, but the fact that the big companies (including JP Morgan who recently opened its "Onyx Lounge" in Decentraland recently) are going there is easily noticeable -- why? Companies that are planning on operating businesses inside the metaverse seek a platform that maintains its neutrality and largely stays out of its way. The other projects are all run by companies or teams with centralized control in the background - for businesses that have done its due-diligence, a truly decentralized platform is the only option that makes any sort of sense. Following the lead of DG, a lot of companies are hoping to create commerce layers on top of Decentraland to drive more traffic to its worlds, long-term. In a way, these trends is a validation of the decentralized model, since it encourages other projects to follow the success of the DAO model as a whole. Projects that are currently centralized may find itself being left behind long-term, as the partnerships and resources required to make Web3 models work migrate towards better (neutral) waters as a whole.
Long
by RyanTanaka
Quick jump to $2.41?Should MANA break resistance at $2.32, a quick jump to $2.41 can be expected. The market has been a drag across the board. On a good note, MANA has been able to stave off falling below a very critical $2.1950 in recent days, finding strong support at $2.21 area. It is currently on it's way up (again) from $2.21 with hopefully enough conviction to break $2.32. It is important to have this happen soon so that MANA can potentially capitalize further from the attention that "Fashion Week" in Decentraland brings to the metaverse.
M
by keykomg
MANA Bulls say, "No."In an update to yesterday's analysis, MANA chose my first route down. On a good note, it didn't create a rising wedge? I'm just kidding. With all that is going on globally, the economic trends are sentiment-based, day to day. I do think sellers are just as hesitant as buyers are right now. I am sitting tight. I'm lucky I placed my stop loss low enough at $2.49 because it came within $0.02 earlier today and has since posted some long candles of support at the lower trend line. The fact that there were several attempts by bears to sink it below the micro pink ascending channel, the bulls defended it well, in a positive direction and geometry as it continues to swing upwards. The MACD failed to turn positive in its last attempt, earlier today, and is just now making another attempt. I think there will be more or a chance this time given all the wicks and strong support bouncing off a major support line. Then again, Putin shot missiles at the largest nuclear power plant in Europe so who knows...wtf? On a good note, although there is a lot of uncertainty, in the coming session MANA only needs to break $2.92 to rise above the macro descending channel (Orange) from the last ATH whereas yesterday, it was $3.03. I'm still kidding, but this is actually a huge deal. In theory, MANA can break out of the downtrend simply by continuing to consolidate in the current range for the next couple of days...and that's also a statement of the length of the past 3 months of consolidation...for a whole quarter...and that's how crypto goes. Massive increase---retracement/consolidation/price discovery---Massive increase, given more adoption/advancements/Musk tweet OR Furthur downside, given fear indexes/Fed/War/Musk tweet. Something big is going to happen in the next 72 hours. I am keeping my SL where it's been. I am optimistic that Ukraine is going to continue to resist Putin's desires, prolonging the market's indecision, and potentially creating further losses. Oh well, because there are more important things in the world than our portfolios. These are just my thoughts on MANA's current position and not financial advice. Oh, and ignore all the arrows and from yesterday and the Blue ascending channel too...except that it will probably face resistance with indecision should MANA push higher, probably around where it merges with the centerline of the Pink ascending channel?
MLong
by keykomg
MANA - Long Term / Outlook ⚪️Let's see how MANA is behaving. This is a 1D chart. (Long Term) Red area: Key resistance, which has been controlling the price since Nov 2021. Blue area: Consolidation channel Price has been moving sideways inside this channel and confirmed it as our safe price range. Green area: Essential support has been confirmed and tested. Be careful because this level is being tested again, and the market isn't strong enough. We might see it break down. Support levels: $2.1879 Resistance Area: $3.5430 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing STRONG SELL volumes for MANA. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that MANA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $2.5565 Let me know your ideas. Good luck.
by ShawnMCR
2
Decentraland Mana. Where this Metaverse Is Going?Hi Traders, here is my view for Mana on a Daily Chart. Weekly Chart is very clean, PA hit Fibo Retracements by the book. I am looking to find a way to post 2 charts in the same idea but for now I post the Daily. Price is at a major S/R, halfway between the Nov 2021 High and 23.6% Fibo Retracement Weekly support. Daily Chart PA ia at 2.70 I am Bearish if price breaks below 2.6750 and find resistance to backup. It is probable a retest of the green area and then bounce back , resuming trending up. Further down move to the 2.00 if it stay below the green area and can't hold the last lower low. Recap Solid bounce above 2.750 and I am bullish, target 3.300. Any move lower 2.700 and I am bearish. l Look for short at 2.500, first target at 2.20,2.00 then (very bearish) 1.750. I'd like to see a double bottom in area 2.0/1.80, it will be a strong bullish pattern. Please, be aware, this is NFA. Do your own research. i'm noob and stubborn
by MarkZeroj
MANA approaches crossroadsMANA is holding support well. Should the blue line break, a drop to $2.57 is imminent. If MANA doesn't break the pink and/or orange resistance, the blue ascending channel turns into a bearish rising wedge with a similar target ($2.60). Don't fret, the pink ascending channel would still be intact. I took my first tour of Decentraland today. It was about time, given the amount of capital I have invested...borderline foolish of me. That being said, I was really impressed with the unfathomable potential in the metaverse.I have a tight stop loss set for $2.49. This is not financial advice. This time tomorrow we will know its trajectory for sure. Volume is low, but a break above $3 should attract buyers. Above $3.03 could send it fast to $3.40-$3.50. Sit tight.
MLong
by keykomg
#BITCOIN 2H TA : 03.02.2022 : $BTCWell guys , as you can see , the market is volatile at the moment due to Mr. Powell's testifies , and bitcoin is in the Bearish Order Blocks Zone ! Important price support is also in the range of $ 41,500 to $ 41,000 ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅02.Mar.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
2
MANA, inching closer......to a break out of descending channel at $3. If TA wasn't tricky enough with the Fed. and Covid... In the grand scheme of things, Ukraine should teach us that none of this matters at the end of the day either. That being said, should technical analysis even work when the world is shittin' its bed, the Inverse H&S has a target of $3.40. I'm less impressed with MANA's hype of a fashion show than I was about large corporations and banks opening up shop in Decentraland. However, it at least is showing the world application potential. I've been to a couple of fashion shows in my day and I'm not sure I dig the avatar version over the real thing, this doesn't mean I didn't have a "thing" for Smurfette in my younger days. Good luck. Don't take financial advice from people who talk about Smurfette...
MLong
by keykomg
3
$Avalanche Result : +27% ✅ #AVAXUSDTAs you can see the price after reaching and returning to The Bullish Order Blocks reacted positively and increase more than 44% . the Next target is $ 91.4 . All the supports and resistances are marked on the chart and everything is clear in this analysis , but , just in case , if you had any questions or doubts Please feel free to ask in the Comment section . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅01.March.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
5
MANAUSDT started the accumulation phase to $10.00.At the end of last November I warned traders of the bearish formation and potential peak on Decentraland, as it was printing the very same top pattern (both pricewise and in terms of RSI on the 1D time-frame) with the previous tops of May 2021, August 2020 and February 2020: The price eventually did make a top on that exact price range and MANA entered a new corrective phase. The January 22 low though that marginally breached the 1D MA200 (orange trend-line), marked the new bottom and end of this corrective phase and start of the accumulation phase. Notice how the 1D RSI formed the very same Higher Lows pattern after breaching the oversold barrier of 30.000 both on the June 22 2021 bottom and the November 04 2020 bottom. Once those bottoms formed, MANAUSDT rebounded initially to its 0.618 Fibonacci retracement level and entered a quarter-long Accumulation Phase of slight Higher Highs and Higher Lows. This is where we are at now as following the January 22 low, MANA reacted with that exact same rebound to its 0.618, so it could be relatively safe to assume that it was the bottom. The last two tops/ Higher Highs on the Fibonacci Channel that started after the March 2020 COVID flash crash, were formed on a Higher Highs trend-line (blue line), which is just below the 1.5 Fibonacci extension. This suggests that the next target can be well above even the $10.00 benchmark. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2