Decentraland (MANA) Jumps After Large Virtual Real Estate Sale

Crypto assets like MANA, The Sandbox (SAND) and Gala (GALA) are tokens that have been popular choices, so much so that investors are buying Decentraland real estate for INSANE amounts; I am talking in the millions.

December has been a drag

While December has not been a particularly good month for crypto investors, 2022 promises to be a good year with the growing CBDC rollout and Ethereum’s switch to a Proof-of-Stake (PoS) network.

Reasons for the fall in the price of most major crypto assets include traditional financial market volatility and high inflation. To put it into perspective, UK inflation hit a decade-high this month. The US has been hit equally hard.

2021 has been a year of high prices, both in the crypto and commodity worlds. Unfortunately, while an increase in crypto prices bodes well for the general public, the rise in the price of day-to-day commodities is not a good sign. One of the reasons Bitcoin and Ethereum rallied this year was skewering inflation.

The good news is that you are still early to the metaverse. Major companies like Facebook, Nike, Adidas, and Budweiser have already bought into the concept, and many more will follow suit. One of the best projects to invest in at the time of writing is Decentraland.

Why should I invest in Decentraland?

Imagine having a virtual avatar in a make-believe world where you own land, interact with other avatars, and have virtual social relationships. You can open your eyes now. Decentraland is the closest thing yet to a fully-immersive virtual reality.

You can purchase plots of land, called LAND, with MANA tokens and craft games, applications, dynamic three-dimensional scenarios, and even gambling services. You can monetize your content or traverse the various Decentraland districts.

Three-dimensional worlds like Decentraland are the next logical step before AI-powered worlds like the one shown in the movie ‘Free Guy’ are brought to life–how good was Ryan Reynolds’ performance? The Decentraland ecosystem is self-sustaining. When you purchase LAND using MANA, the network burns the MANA you have spent

While MANA is currently priced at $3.28, the crypto token was trading at less than $0.10 this time last year. It is no wonder investors are buying LAND for crazy money. While you can purchase 33 feet by 33 feet plots for a few thousand MANA, Decentraland virtual real estate sold for as much as $2.43 million a month ago!

With a total supply of nearly 2.20 billion and a circulating supply of 1.82 billion, there are plenty of MANA tokens up for grabs. MANA has the potential to be a top-15 cryptocurrency in terms of total market cap and currently sits at 28th.

Keep in mind that Decentraland is powered by the Ethereum network, and Ethereum is bound to grow substantially in 2022. While I am not giving you investment advice, it does make sense to purchase some MANA tokens and HODL.

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