MANA – the native token on the leading virtual reality platform powered by the Ethereum blockchain Decentraland – witnessed a sharp correction as it entered a new year, thereby wiping off all the monthly gains.
It fell below a crucial support zone and was currently trading at $0.46. Despite this, MANA maintained growth of approximately 46% over the past year, and the latest downturn might lay the groundwork for a potential upward movement soon.
Even though GameFi tokens gained significant attention in 2020-2021, their values saw a steep decline alongside the broader crypto industry, which started experiencing a downturn in late 2021.
There is still anticipation for a potential revival, as recent data suggests that MANA is currently in a ‘depression’ phase.
Despite the buzz, the #crypto bull market may just be gearing up! Take #Decentraland, for instance. $MANA appears to be in the ‘depression’ phase of the market psychology cycle.
This stage might present a unique opportuni
We współpracy z: https://cryptopotato.com/decentralands-mana-in-depression-phase-analyst-eyeing-a-possible-revival/
