The intersection of gaming and decentralized finance, often referred to as GameFi, has given rise to a new breed of cryptocurrencies. Offering gamers a way to earn, GameFi tokens are quickly growing in popularity. In this article, we will analyze the prices of three leading GameFi tokens – Decentraland (MANA), Floki (FLOKI), and Pomerdoge (POMD).
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Decentraland (MANA) Price Analysis
Decentraland (MANA) is one of the leading GameFi tokens, featuring an immersive virtual world. However, its utility token, MANA, has not been a top performer lately. Since breaking below the $0.400 support in July, Decentraland has traded sideways.
Over the last two weeks, the price of Decentraland has been locked within the $0.360 and $0.400 trading range. This is largely due to no bullish momentum and few developments in the ecosystem. At the time of this writing, MANA is trading at $0.368, marginally down by 0.02% in the last 24 hours.
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