Here’s Why Decentraland MANA Price is Up 20% to $0.7 And $1 is On The Horizon
Decentraland, the Ethereum-based virtual reality platform, has introduced new features for its users recently, leading to a significant spike in the value of its token, MANA. MANA’s price is currently trading close to $0.7 with a 1.14% decrease in the past 24 hours and closed the previous weekly candle with an 83% gain. The new features, which include the ability to link profiles, differentiate nametags, and highlight avatars, have been well-received by users if the token’s price is any indication.
Decentraland (MANA) Price Prediction and Technical Analysis
Decentraland’s MANA is in a strong bullish trend with MANA’s price trading above the 20-day, 50-day, and 100-day EMAs, indicating that the short to long-term trend for this cryptocurrency is bullish providing the wider market conditions allow. With the recent market rally beginning to slow down, investors should be cautious.
The MACD indicator suggests that the token is in an uptrend, however. The MACD line stands above the signal line, and its histogram displays a positive value, indicating that current prices are higher than their respective moving averages.
Despite the RSI of 88.61 suggesting that the token is currently overbought, traders should watch for volume confirmation before investing in any further price action.
With a volume of $78.526 million and a volume moving average of $39.505 million, this suggests MANA is experiencing higher-than-average trading volume, a clear sign of increased market interest.
The immediate support for the token is at $0.5838 to $0.6015, and the immediate resistance is the 200-day EMA at $0.7082 and $0.7507 to $0.7887. The next resistance is the $1 psychological resistance followed by the previous resistance range of $1.064 to $1.1391.
All in all, Decentraland’s MANA is displaying a bullish pattern; however, the current trading price is near possible resistances while exhibiting an overbought RSI. This implies that there may be a forthcoming correction period and traders should take this into consideration when making decisions and managing risk levels. If the MANA price manages to break through the current resistance points, $1 is quite possible for MANA’s price in the near term.
Diversifying Your Crypto Portfolio: Other Options to Consider
The crypto market in 2023 is exhibiting early indications of a possible rebound so far. If you’re wondering what the best cryptos to buy today are to prepare for the next bull run, then one smart approach could be investing during presale periods for promising altcoins as their prices may be discounted from when they hit exchanges. Coins like MEMAG and FGHT with strong fundamentals are worth exploring.
Meta Masters Guild: The Next Big Thing in Gaming?
Gamers, brace yourselves for a new community gaming experience. Meta Masters Guild (MMG), a Web3 gaming guild, is set to shake up the mobile gaming world with its blockchain-integrated games and decentralized gaming community. The guild is focused on creating an ecosystem that prioritizes fun gameplay, sustainability and community engagement, all while addressing the major issues that plague the gaming industry today.
The MMG ecosystem is designed to incentivize players to invest both their time and money in the multi-game economy by ensuring they are fairly compensated for their efforts. Players will be able to earn rewards in the form of a cryptocurrency called MEMAG for their contributions, and in-game assets will be truly owned and controlled by the players. The open in-game economy will allow players to trade all their in-game items and currency to one another as they please while using “Gems” rewards from games to trade for money or in-game assets.
The first game to be launched by MMG is Meta Kart Racers, a PVP or solo racing game built for mobile devices. The company promises that this will be the first of many high-quality, blockchain-integrated mobile games that will be added to the guild’s ecosystem.
What sets MMG apart from other gaming companies is its commitment to addressing predatory practices in the gaming industry. The company believes that by creating a fair and transparent ecosystem, it can help eliminate these practices and provide a better gaming experience for players.
The MEMAG token presale has recently launched and is quickly attracting attention from investors, having already raised over $311K in its presale in a matter of days.
Fight Out (FGHT): The Future of Fitness is Here
Get ready to change the way you think about fitness, because Fight Out is adding advanced technology and inspiring community to the fitness tracking world to help level up your fitness game. This innovative new platform combines smart technology, crypto rewards, and community to empower health and fitness enthusiasts like never before.
With Fight Out’s cutting-edge app and gym network, users can earn rewards for their physical activity and participate in interesting challenges against other members to accumulate REPS tokens. These tokens can then be used to redeem discounts on Fight Out’s membership packages, subscriptions, and merchandise including apparel, dietary supplements, and training equipment.
But Fight Out isn’t just about earning rewards, it’s also about community. The app and gym locations foster a supportive atmosphere where members can cheer each other on as they work towards their fitness goals. This community-based approach is designed to motivate individuals to keep their fitness efforts up as they work towards their goals.
Fight Out is also introducing a unique NFT-based avatar that keeps track of users’ physical accomplishments and levels up as they progress in their fitness efforts. This system provides a tangible way for users to see their progress and stay motivated, combining tangible rewards with the motivation of a supportive community to push individuals towards their healthiest selves.
In addition, Fight Out is planning to open physical gym locations around the world, featuring state-of-the-art equipment, Web3-connected technology, and an ambassador program featuring top athletes who will hold masterclasses and other exclusive events.
This allows members to not only track their progress and earn rewards digitally, but also experience the benefits of working out in a state-of-the-art facility with access to top-tier athletes and trainers. It’s clear that Fight Out is poised for success, with its innovative approach and support from experienced partners such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs.
The demand for the Fight Out token has been high, with nearly $3 million raised in a matter of weeks. The presale is currently ongoing, offering investors an opportunity to get in on the ground floor with up to a 50% bonus on investments above $50k.