Today we will talk about the project Decentraland. If memory serves, the NFT cryptocurrency MANA was created in 2017 at the ICO project hype. At that time it was prophesied great prospects, because the main thing is the purchase of game pieces of land. But then the maximum price of NFT cryptocurrency MANA jumped to was around $0.20. At the time, an interesting idea was not to the liking of a large number of investors.
Next, a painful 2 years of falling price and consolidation of the cryptocurrency MANA in the range of $0.04-0.08 and here comes 2020.
NFT cryptocurrency MANA resurrected in 2020
When the boom around Defi projects and NFT began, interest in the MANA gaming project that was conceived before it became mainstream came to life. Two years and roughly x200 to x220 growth in the price of MANA cryptocurrency.
And it looks like the current price, far from the maximum for the trading pair MANA/USDT
Global target for MANA cryptocurrency
If you are a long-term investor, it is important to understand when is the best time to take profits. If you are investing in the NFT cryptocurrency MANA – we would look closely at a range of $25-28. In this range we would fix most of our position.
Where to buy MANA cryptocurrency with low risk
Now let’s take a look at where it would be tasty to buy MANA cryptocurrency, for those who don’t already have it in their investment portfolio.
On the chart, we have depicted three possible levels for a correction and, accordingly, levels from which it is safe to take a long.
They are $2.80 $2.00 and $1.25, everyone can place buckets to buy according to his/her purse and risk management.
MANABTC price hints at continued non-corrective growth
Analyzing the chart of cryptocurrency MANABTC we see that the price moves on a weekly timeframe without correction since October 18. Trading volumes have increased and now the buyers are trying to take control of the level of 0.000077. Now it is the second attempt of the buyers to hold this level. In case of failure, we will wait for MANABTC price rollback to the level of 0.000045. But if the buyers will be able to keep the price above 0.000077, then they will have the prospect to continue growing at 170%. In any case, it is better to wait for at least a local correction to enter the MANA market. We do not advise to take cryptocurrency on the highs without risk management strategy. If you are afraid of losing your deposit – take our service “Deposit Management via API”.
