decentraland

Summary:

  • What is the Decentraland Platform and how does it work?
  • Advantages of the Decentraland exchange.
  • Decentraland’s past, present and future price positions.

Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM

The Decentraland platform

Decentraland defines itself as a virtual reality platform, it is powered by the Ethereum blockchain which allows its users to experience, create, and monetise applications and content. In this virtual world, users can buy plots of land and monetise them by navigating and building upon them.

The Decentraland platform was launched in 2017 which came in the wake of a $24 million initial coin offering (ICO) and opened to the public in February 2020. Since the platform became available users have shown creativity by creating a wide range of on their plots of land using interactive experiences, including 3D scenes and interactive games. Decentraland was launched with the unique premise of of

What Are Next Steps of MANA (Decentraland) Price?

What Are Next Steps of MANA (Decentraland) Price?

FXStreet News FXStreet News 28.01.2022 16:11
Decentraland price looks to be set to close the week in profit. MANA price action went against the tide, with global markets nervous and still jitters after the Fed tightening announcement. A weekly close above the S1 and Fibonacci low should trigger a return to the upside. Decentraland (MANA) price has been on the front foot in a challenging market environment. MANA bulls look ready to eke out 28% of gains for this week after the price lifted from the 200-day Simple Moving Average (SMA) and is now set to pop and stay above the monthly S1 support level. Expect more investors to join the rally once the MANA price can consolidate above the S1 and set $2.57 later today as the price target. MANA price set for 15% price hike Decentraland was forming a falling knife last week but got picked up after the bounce off the $1.67 handle and went against the tide this week as the 200-day SMA around $2.0 offered a window of opportunity for more bulls to extend the recovery. In a slow grind, price action again space and lifted MANA 28% until Decentraland price is hovering. As bulls are now trying to consolidate above the monthly S1 at $2.24, and with that as well reentered the Fibonacci retracement to all-time highs. MANA price is yet still far away from any all-time highs. Global markets still look very much on edge, but that does not mean that Decentraland price action will disappoint to the upside. Expect more investors to come in during the US session if MANA price can stay above $2.24. That trigger and inflow will see price action propel further upwards to tick $2.57, the low from December 04 and set as an easy profit target to be reached. MANA/USD daily chart The monthly S1 can be proven slippery when wet, and price action could easily slide back below, triggering bulls to take their money and run. MANA price would be plie back against the 200-day SMA, break it and fulfill the swing trade towards $1.67. Would the swing lower trigger an even more aggressive selloff from bulls and investors, expect a short overshoot towards $1.28, just above the monthly S2.
Will Sandbox (SAND) Reach $5 In The Near Future?

Will Sandbox (SAND) Reach $5 In The Near Future?

FXStreet News FXStreet News 08.02.2022 16:08
Sandbox price action has broken above $4.72 but fades in early trading today. SAND price action is at the intersection of a red descending trend line and the historical pivot level. Expect current favourable tailwinds to boost confidence for bulls leading to a break to the upside and new all-time highs. Sandbox (SAND) price action broke above $4.72 yesterday and saw bulls trying to test $5.0. But the intersection of the descending trend line and a pivot level proved to be too heavy and pushed price action back below the $4.72 historical level. Expect bulls to keep supporting as more tailwinds coming from geopolitics support the case for more upside potential towards $6.0. Sandbox price targets $6 for this week Sandbox price looked set to finally end the downtrend since November 25. The intersection of the red descending trend line dictating the downtrend and the historical $4.72 pivotal historic level from November 23, proved too big of a hurdle for price action to close above yesterday. Instead, bulls decided to take profit with price fading as we speak. SAND does not need to one-directionally tank further but will probably see bulls keeping price close to the pivotal $4.72 level. With several favorable tailwinds, such as positive news from talks between Putin and Macron, investors look to be back on the scene and putting some money on the table to invest in risk assets like cryptocurrencies. This will filter through in the demand side volume and will provide the needed impetus to punch through $4.72 again and close above, putting an end to the downtrend and targeting $6.0 this week. SAND/USD daily chart The resistance double whammy at the aforementioned intersection could prove too big of a temptation for profit-taking, and result in the Relative Strength Index dipping further, below 50, and translate into further downside for the altcoin towards $4.28, making it even harder to try for a daily close above $4.72. That could lead to yet more liquidation and see a return to a base level around $3.50.
Sandbox price set for breakout as bulls target some low-hanging fruit

Sandbox price set for breakout as bulls target some low-hanging fruit

FXStreet News FXStreet News 15.02.2022 16:09
Since December, sandbox has been trying to break the downtrend. As bulls attempt to break through, expect some profits to be booked as some targets lie nearby. Once above $4.72, expect $5.00 and $6.00 to be the following targets in the relief rally. Sandbox (SAND) price action is surfing on a wave of relief this morning as tensions between Russia, and the West start to ease on positive news. With that, investors have been falling over each other to get back into cryptocurrencies, and Sandbox price is set to break the longer-term red descending trendline, and downtrend since December last year. Some low-hanging fruit will be targeted in the breakthrough and could provide enough incentive for bulls to book partial profits and go for the ultimate goal of $6.00, holding 47% of gains. Sandbox bulls are in for 47% gains in the relief rally Sandbox price action is again hammering on the red descending trend line that originates from December last year and has been dictating the downtrend ever since. The renewed push comes from tailwinds that emerged overnight on some positive news around de-escalation in the situation between Russia and Ukraine. As the scene is set for a solid relief rally, expect to see some excellent (https://www.fxstreet.com/cryptocurrencies/news/sandbox-tests-support-at-425-before-sand-test-prior-all-time-highs-202202112001) returns, beginning with some nice profits nearby as a good start. SAND bulls will have their eyes on $4.72 with the 55-day Simple Moving Average and an overall (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-dogecoin-sandbox-and-cardano-european-wrap-10-february-video-202202101133) pivotal level falling in line around the same area. Although this level is not far from the red descending trendline, it will still return around 16% of gains intraday. Bulls will have a good incentive to book profits midway but stay in the trade with more considerable profits gained when the price rises towards $5.00 and $6.00 – the next targets in this week’s relief rally. The trade has an excellent risk-return ratio and is the most viable (https://www.fxstreet.com/cryptocurrencies/news/sandbox-price-bound-for-another-30-gains-as-sand-finds-support-202202101005) as we advance. SAND/USD daily chart Should German chancellor Scholz come out with some negative comments and ramp up the rhetoric of full-scale escalation of the tensions, expect (https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-to-enter-the-metaverse-and-challenge-axie-infinity-sandbox-and-decentraland-202202091718) a knee jerk reaction with a firm rejection or false break of the red descending trend line, trapping bulls and pushing them out of their positions as SAND price action collapses back towards $3.50. From there, another leg lower could follow towards $3.00, with the 200-day SMA coming in at around $2.85 and playing its part as a supportive element in the belief that a recovery is still possible. If the 200-day SMA is no match for the downward pressure, expect a break and further push towards $2.50 or $2.00.
Binance Coin set for pop above significant resistance as relief rally takes a short halt

Binance Coin set for pop above significant resistance as relief rally takes a short halt

FXStreet News FXStreet News 16.02.2022 16:18
Binance Coin takes a small step back this morning due to some profit-taking.BNB bulls hold all the cards as the relief rally is not over yet.Expect a pop above $444-$452 with a profit target set at $480 for the moment.Binance Coin (BNB) price action shot back above the red descending trend line yesterday with a massive relief rally that lifted market sentiment. With that, the downtrend looks to be broken, and an uptrend could be on the cards if bulls can take out the $444-$452 resistance barrier with a triple top formation, the 55-day Simple Moving Average (SMA) and the longer-term pivotal level all coincide in this region. Once through there, expect the next stage to be set for a move towards $480 with the 200-day SMA coming in, returning another 10%.Binance Coin set for the second phase in the recovery rallyBinance Coin is undergoing some profit-taking this morning after the solid relief rally from yesterday (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-decentraland-binance-dogecoin-asian-wrap-16-feb-video-202202160214) that has lifted market sentiment and saw some decent inflows into markets. On the way up, bulls hit some resistance from the double top from February 08 and January 21 and, in the process, made it a triple top resistance. This, together with the already known $452 and the 55-day SMA coming in at $445, makes it a substantial (https://www.fxstreet.com/cryptocurrencies/news/binance-coin-must-break-out-above-this-level-before-bnb-can-retest-660-202202152150) barrier that will need to be broken to prove that the relief rally still has plenty of juice to go.Expect thus some profit-taking today, a little bit on the back foot with $419 as support to bounce off back to $445. Some more positive signals coming from the Russia-Ukraine developments could be the needed additional catalyst to push through this difficult barrier. The next target is set at $480, with the 200-day SMA falling in line with that considerable number, resulting in probably the same profit-taking pattern (https://www.fxstreet.com/cryptocurrencies/news/dogecoin-and-shiba-inu-price-climbs-as-binance-smart-chain-whales-accumulate-meme-coins-202202151719) as BNB price action shows today.BNB/USD daily chartOverall, the US keeps claiming that the situation in Central-Europe remains precarious and could see an escalation (https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-binance-coin-and-decentraland-european-wrap-11-february-202202111055) any time now. Once those headlines hit the wires, expect the whole cryptocurrency space to collapse and for there to be a massive pullback from investors, with BNB price falling back initially to $389. Depending on the severity of the attacks, another push lower towards $340 would be the logical outcome and result in BNB price shedding 22% of its value.
Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Madonna - A Member Of The Bored Ape Yacht Club, Metaverse's Fashionweek - NFT Update - Week 23/03-29/03/22

Crypto.com Accelerate the... Crypto.com Accelerate the... 30.03.2022 14:33
Madonna joins the Bored Ape Yacht Club. Decentraland holds Metaverse Fashion Week with over 70 brands. Looking for an island getaway? Check out Satoshi Island, the first crypto-centric island. MAR 30, 2022     Key Takeaways On Wednesday, BAYC creator Yuga Labs announced it raised US$450 million in its latest funding round led by a16z crypto, with participation from Animoca Brands and The Sandbox. This brings the company’s total valuation to $4 billion. Crypto artist XCOPY recently released ‘Max Pain’, an open edition NFT drop which raised US$23 million in mere minutes. 7,394 NFTs were minted in total priced at $3,108 each (price of 1 ETH at the time) and were sold within a 10-minute window. Decentraland recently held Metaverse Fashion Week, a virtual fashion event with participation from 70 brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana, and Forever 21. On Tuesday Bored Ape #835 sold for just 115 DAI, which was about US$115 at the time of sale on OpenSea. BAYCs are considered blue chip NFTs with extremely high floor price and boast a group of high-profile holders, with Madonna as the latest celebrity to invest, which is why this made the headlines and was even deemed suspicious to some.  LooksRare recorded a +42% increase in sales and a +8% jump in transactions. OpenSea recorded a +9% increase in sales and a +11% jump in transactions. Crypto.com NFT in the Spotlight On their sacred and holy quest to make money from THE ONE TRUE DICTIONARY, a group of talented Hollywood writers and performers joined together to help create these handcrafted NFTs. With ‘Own Every Word: Trinity Drop Pack’, the hapless group of comedians are back to work translating the sacred Word Wizard’s text into 1-of-1 NFTs to be exploited for profit. And after a month with an epic Word Wizard airdrop where four legendaries were found, we continue our hunt for #1: The Original Word Wizard. Interdisciplinary visual artist Nibera welcomes you to an immersive experience in which you can explore The Cosmic City and its inhabitants. ‘The Cosmic City’ is here to offer you a space in which you can explore your imagination and ideas. From galactic landscapes to retro-futuristic scenes, Nibera created visual artworks and soundscapes that will inspire you to explore the universe in your mind. Highlights Ukraine launches NFT museum ‘to keep the memory of war’ World of Women Galaxy NFTs sell out in 3 days LooksRare to allow messaging between users after partnering with Etherscan to launch chat button An in-depth look at Satoshi Island — a crypto-centric residential community in Vanuatu where land titles are NFTs Silk Road founder Ross Ulbricht to drop Bitcoin NFT collection China’s ZTE secures trademarks in the Metaverse Paris Saint-Germain Soccer Club files trademark application to get into the Metaverse and NFTs The NFL eases up on its NFT and blockchain restrictions Liverpool FC auctions official NFTs on Sotheby’s NEAR and SailGP partner on ground-breaking new sports DAO Qantas announces NFT collection and becomes the second airline offering NFTs Tommy Hilfiger designs to hit Decentraland’s Metaverse Fashion Week Bulgari brings a touch of the non-fungible to high end watchmaking Cool Cats Ethereum NFT project signs with CAA for media, licensing push Nelson Mandela’s original arrest warrant sold for $130K as NFT African Digital Art Network Launches Nandi NFT Marketplace on Celo Foodverse: World’s first food metaverse where NFTs can buy food IRL TooNFT looks to revolutionise the Webtoon industry via next-generation blockchain platform Canadian musician Grimes reveals ‘intergalactic children’s metaverse book’ at Avalanche Summit Grammy-winning DJ Diplo to sell NFT song on Royal NFT marketplace Blur raises $11 million in seed round led by Paradigm Bored Ape Yacht Club’s newest merch drop can only be bought with ApeCoin Chip giant Qualcomm launches $100M Metaverse fund Zilliqa ready to launch metaverse-as-a-service (MaaS) platform, Metapolis South Korea recruits NFT experts for metaverse boot camp 2021 Decentraland Annual Real Estate Report US Justice Dept. charges Ethereum NFT project creators over ‘rug pull’ Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers Women of World Galaxy $66,205,646 12,683 8,155 Azuki $53,208,448 979 595 Bored Ape Yacht Club $44,339,863 122 109 Mutant Ape Yacht Club $41,049,209 562 441 BAPETAVERSE $17,679,556 6,737 3,343       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales (by market cap) and a sample of their art.   Project Name Sale Date Price (ETH) Items Market Cap (ETH) Sample CBirdz 4 Apr 2022 8 10,000 8,000 Meta Survivors Club 9 Apr 2022 1.3 10,000 13,000 LycaFox Pack 2 Apr 2022 1 11,111 11,111 AquaHeads 30 Apr 2022 2 3,333 6,666 DEGENZ GAME 14 Apr 2022 1.984 3,333 6,6612.672       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT Travis Ragdale $2,000,000+ Solanart Degenerate Ape Academy $1,688,040 OpenSea Women of World Galaxy $64,201,809       Share with Friends Source: Crypto.com
Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform

Altcoins: Decentraland (MANA), What Is It? A Deeper Look Into The Decentraland Platform

Rebecca Duthie Rebecca Duthie 03.06.2022 17:24
Summary: What is the Decentraland Platform and how does it work? Advantages of the Decentraland exchange. Decentraland’s past, present and future price positions. Read next: Altcoins: Tether (USDT), What Is It? - A Deeper Look Into The Tether Blockchain| FXMAG.COM The Decentraland platform Decentraland defines itself as a virtual reality platform, it is powered by the Ethereum blockchain which allows its users to experience, create, and monetise applications and content. In this virtual world, users can buy plots of land and monetise them by navigating and building upon them. The Decentraland platform was launched in 2017 which came in the wake of a $24 million initial coin offering (ICO) and opened to the public in February 2020. Since the platform became available users have shown creativity by creating a wide range of on their plots of land using interactive experiences, including 3D scenes and interactive games. Decentraland was launched with the unique premise of offering users an entirely virtual world that they own, operate, and where they can trade. The platform is based on innovative blockchain architecture that uses virtual reality (VR) along with open-source technologies that empower its users. Decentraland uses two tokens, MANA and LAND. MANA is an ERC-20 token that requires being burned in order to gain non-fungible ERC-721 LAND tokens (NFTs). MANA tokens can be used by users to buy a range of wearables, avatars, names and more on the Decentraland marketplace. Key features and takeaways of Decentraland Decentraland is one of the top 100 cryptocurrencies in the world, and MANA, is one of the most popular cryptocurrencies in the market. Some of the features and key takeaways are: Re-create a free-market economy that is located in virtual space through the use of blockchain technology. The avatar passport is connected to a cryptocurrency wallet, however, it is not possible for users to upload 3D custom models as avatars on Decentraland. Users have the opportunity to build completed environments and scenes on the Decentraland platform, with the platform offering its users with a scene pool that contains various members' contributions. Tradeable real estate was one of the primary use cases for Decentraland. All items that are featured on Decentraland come with a pre-expiry date, therefore, are perishable. Decentraland’s Uniqueness The Decentraland platform was built to meet the needs of content creators, individuals and businesses who are looking for a new artistic medium, business opportunity or source of entertainment. The Decentraland gameword or the “Metaverse” is divided amongst 90,601 plots of LAND, each of which is represented by an ERC-721 non-fungible token. Each piece of land can be found in the metaverse using a specific coordinate. LAND holders are free to design their plots as they please, however, most of the Metaverse is divided into districts, each with a different theme and size. These districts were generated through individual crowdsales for the MANA tokens, and plots in this LAND are not tradeable. Decentraland is also one of the growing projects to use a decentralised autonomous organisation (DAO) governance decision structure. Therefore MANA token holders are in control of what happens in the Decentraland world through proposing and voting on policy changes, specifics on any LAND auctions and the type of content that is allowed with the Metaverse. In addition to being a creative outlet, often Decentraland users monetize their LAND through leasing, advertising and paid experiences. At the same time, other users generate an income by creating and selling items on the Decentraland marketplace in exchange for MANA tokens. Advantages of Decentralands Platform The Security Advisory Board (SAB) backs the Decentraland community governance. There is an option for users to auction NFTs and sell their LAND in exchange for MANA. Decentraland tokens have several use cases. The platform is being continually updated to ensure that there are new features being introduced to the protocol. Past, Present and Future Prices After the launch of the Decentraland network, the price took almost 3 years to take off, and has since risen quite substantially. The price rose substantially in the second half of 2021 and peaked at the start of 2022, however, has since fallen consistently. Over the past few months, the markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, Decentraland falls under this category. According to some analysts the future price of MANA could reach up to $22.9 by 2026 and almost $100 by 2031. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions. MANA Price Chart Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Sources: finance.yahoo.com, capital.com, sashares.co.za, coinmarketcap.com, decentraland.org