Decentraland has become one of the investors' attention grabbers when Facebook decided to dive into this sector by changing its image to Meta
ScienceLovers - The increasing interest in blockchain games in the metaverse sector has made many people look at one of the main players, Decentraland (MANA), which is predicted to thrive in the future.
Decentraland has become one of the investors' attention grabbers when Facebook decided to dive into this sector by changing its image to Meta. Metaverse-related crypto projects have surged since then, including Decentraland.
Is Decentraland (MANA) Eligible to Be an Investment Vehicle?
However, there are still some questions that doubt the potential of Decentraland as an investment asset, especially in the midst of the severe correction that has hit the crypto market.
After forming a new ATH, the price of the MANA token continues to depreciate in value which is still closely monitored by investors and observers.
However, considering several positions, this still looks attractive as an investment choice due to several factors, which were reported based on a report from CrowdWisdom, Saturday (8/1/2022):
From the Financial Side
Looking at the financial side of this metaverse gaming platform, there are still more advantages than disadvantages to all investors who have invested in MANA tokens.
According to data from Into the Block, currently there are around 59 percent of investors who have pocketed profits from their investments in MANA tokens.
Meanwhile, 30 percent are still at a loss on paper (have not sold their tokens). The rest are still in a break even position.
The price dynamics that were quite extreme after ATH was formed became a natural answer, because almost all crypto assets were suffering from this attention-grabbing correction.
Whale Domination
For whale investors, there are currently around 51 percent ownership in MANA tokens. Thus, fears of a price collapse still loom if some whales try to liquidate their holdings.
In addition, more than 28 percent of the total circulation of Mana tokens is volume investors, while the retail market holds about 20 percent.
From these two factors, it can be seen that the level of confidence in MANA is still high with fewer losses. This will take time to recover as the project is still being developed.
Granted, even whale dominance is likely to be a concern, but this doesn't look like much of a problem at a time when the hype on the metaverse is still hot among investors.
Moreover, Decentraland has also attracted large investors, so that this is one of the advantages of its own growth potential in the future. Let's watch it.
