Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week
With so much volatility in the crypto-markets, investors may find themselves feeling encouraged and apprehensive all at once. Recently, Decentraland’s MANA token has seen a surprising 88% increase in a mere 7 days, leading many to wonder if the token’s boom will last.
A Big Move Forward
This surge has been largely credited to positive changes being made to the MANA token, such as the launch of the NFT marketplace and its expansion into the gaming space. The changes have caused the price of the token to skyrocket, increasing its value significantly and driving investors and traders to buy.
The NFT Gamble
Many experts have weighed in on the token’s fortunes, citing the integration of NFTs as an important factor. NFTs are digital assets, unique to each user and not interchangeable, much like collectibles, and have become an increasingly popular investment. MANA’s inclusion of NFTs in its platform may be a strong sign of its future success.
Pitfalls and Predictions
While it seems MANA has already set itself up for a great year moving forward, there could still be some pitfalls for the token. Market predictions suggest that Bitcoin could eventually overtake MANA, though at this time it is not decision-making factor for investors.
Time Will Tell
Time will ultimately tell if MANA token can hold its place at the top, or if its success is only temporary. Much like other cryptocurrency projects, MANA could fizzle out if efforts to innovate and build the platform aren’t maintained. Investors should take the necessary precautions before investing in the token, as with any other cryptocurrency.
The FUN Bits
If you’re looking for a fun spin, why not try and make a prediction? Grab your friends, come up with a bold prediction, and take a gamble (with virtual money only, of course). You never know, your gut feeling could prove right.
Regardless of the volatile market, here’s some things we know for sure:
- Decentraland’s MANA token is holding its own, for now
- NFTs are becoming increasingly popular and could lead to an even greater increase
- As with most things in life, only time will tell
At the end of the day, it’s important to remember that no matter how the markets are looking, be sure to invest mindfully.
