1. Cryptocurrencies
  2. Decentraland Price
Decentraland logo

Decentraland

MANA

Rank #97
$ 0.4802
-1.17%
24H Low$0.4646
24H High$0.4860
24H Volume
71.46M
All-Time High(ATH)
$5.85
All-Time Low(ATL)
$0.009237
Market Cap
884.82M
Fully Diluted Valuation
1.05B
Market Cap/FDV
0.8421
Circulating Supply
1.85B MANA
Total Supply
2.19B MANA
Max Supply
2.19B MANA
Market Sentiment
--
* Data from 3rd parties

Decentraland (MANA) Price Trends

Time period
Change amount
% Change
1H
$ 0.001852
0.39%
24H
$ -0.005619
-1.17%
7D
$ -0.004819
-1%
14D
$ 0.03885
8.09%
30D
$ 0.03824
7.96%
1Y
$ -0.1458
-30.36%

Live Decentraland (MANA) Price Update

Decentraland price today is $0.4802 with a 24-hour trading volume of 71.46M, and as such Decentraland has a market cap of 884.82M, giving it a market dominance of 0.04%. The Decentraland price moved -1.17% in the last 24 hours.

Decentraland reached its highest price on 2021-11-25 when it was trading at its all-time high of $5.85, while its lowest price was recorded on 2017-10-31 when it was trading at its all-time low of $0.009237. The current lowest price since the last cycle high was $0.009237, and the highest price since the last cycle low was $5.85. The social sentiment of Decentraland is currently Positive.

The current circulating supply of Decentraland is 1.85B MANA. In terms of market cap, Decentraland is currently ranked 97.

About Decentraland (MANA)

Decentraland is a decentralized 3D virtual reality platform based on Ethereum blockchain; It was opened to the public in February 2020 and supervised by the non-profit Decentraland Foundation.

Decentraland was founded by Argentine Ari Meilich ICH and Esteban Ordano. It raised $26 million during the initial coin offering (ICO) in 2017.


How does Decentraland (MANA) Work?

Decentraland is not controlled by a centralized organization, so it is named Decentraland, which may be the suitcase of a "decentralized land". In this virtual world, landowners can publish any content or application at will - leaving the platform uncensored.

In addition, content creators can profit by placing advertisements or directly selling their creations.

The land parcel in Decentraland is represented by LAND token, which is a non-fungible ERC-721 token and can be obtained in the primary market using MANA token.

MANA is the cryptocurrency of games and a fungible ERC-20 token. When Decentraland was first released in 2017, approximately 260 million MANA tokens were cast. However, during LAND primary market sales, MANA tokens were burnt when exchanged with LAND. Currently, the MANA in active circulation is 169 million.

In the secondary market, LAND can be traded in peer-to-peer transactions using MANA. In this case, MANA will not be burnt. After purchase, the digital identity of the new owner will be registered on the Ethereum blockchain as the legal owner of the specific part of LAND.


What is Decentraland (MANA)?

Decentraland is a decentralized virtual reality platform driven by Ethereum blockchain. Within the Decentraland platform, users can create, experience and benefit from their content and applications.

The limited and traversable 3D virtual space in Decentraland is called land, which is a non-fungible digital asset maintained in the Ethereum smart contract. The LAND is divided into parcels identified by Cartesian coordinates (x, y). These plots are permanently owned by community members and purchased using Decentraland's cryptocurrency token MANA. This gives users complete control over the environments and applications they create, ranging from static 3D scenes to more interactive applications or games.

Some plots are further organized into thematic communities or areas. By organizing parcels into areas, communities can create shared spaces with common interests and uses. You can find a list of original regional proposals on GitHub. The content that constitutes Decentraland is stored and distributed through a decentralized network, and the ownership and transaction are verified on the Ethereum blockchain.


Decentraland (MANA) Crypto Wallet

In addition to placing MANA in the Gate.io exchange to facilitate trading, MANA can also be placed in a crypto wallet.

Decentraland is a decentralized public platform controlled by the community. MANA is the platform's native token. Decentraland is an ERC20 token running on the Ethereum blockchain, which can be stored in wallets of various hardware and software. We will introduce some MANA wallets highly recommended by traders and investors.

One of the best places to store Decentraland (MANA) is in a crypto hardware wallet made by Ledger or Trezor. A hardware wallet uses extremely high-end encryption technology to protect your funds from complex network attacks and even simple phishing scams that users may encounter when they deposit their funds in software or website wallets. Hardware wallets even allow users to recover money through mnemonic phrases to prevent the wallet from being stolen, damaged or otherwise damaged.

Trust Wallet is one of the most popular wallets among traders and investors. It is a good place to store Decentraland (MANA). If you are just starting to use cryptocurrency, or just want to store your MANA on a secure device, mobile wallets may be appropriate because they provide convenience, security and backup options.

Decentraland (MANA) can be stored in Atomic Wallet, which is a wallet that supports Android, IOS and multiple desktop versions. Atomic Wallet supports more than 300 cryptocurrencies, including MANA and all other ERC20 and BEP2 tokens. Atomic Wallet also provides Atomic Swaps and a built-in Exchange, which users can use to exchange back and forth among all supported assets, including Decentraland.

You can also store Decentraland (MANA) in one of the most trusted and proven wallets: MyEtherWallet. All ERC20 tokens including Decentraland (MANA) can be stored on the Ethereum blockchain using MyEtherWallet without downloading any client or software.

FAQs

1. What determines the price movement of Decentraland?

There are two schools of thought in determining the price of Decentraland.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Decentraland, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Decentraland from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Decentraland on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Decentraland as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Decentraland and the cryptocurrency market as a whole.

Date
Market Cap
Volume
Open
Close
2024-02-21
$100.71M$926.12M$0.5002N/A
2024-02-20
$101.49M$953.04M$0.5157$0.5002
2024-02-19
$97.49M$931.85M$0.5040$0.5157
2024-02-18
$86.39M$899.95M$0.4870$0.5040
2024-02-17
$86.26M$919.97M$0.4979$0.4870
2024-02-16
$107.13M$933.85M$0.5042$0.4979
2024-02-15
$79.07M$899.73M$0.4868$0.5042