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Decentraland (MANA) looks set for an impressive bullish uptrend – here’s why you should buy

Decentraland (MANA) is one of the most promising metaverse-related blockchain projects. In recent months. The platform has gained a lot of press, not just from virtual gaming enthusiasts but also from institutional investors keen on riding the potential growth of the metaverse. As a result, MANA, the native token on Decentraland, has surged quite impressively. Here are some highlights:

  • At the time of writing, MANA was up nearly 15% in less than 24 hours

  • Analysts remain bullish on MANA as more institutional capital flows into metaverse related blockchain projects

  • Decentraland is also improving its virtual gaming experience to attract more and more users.

Data Source: Tradingview.com

Decentraland (MANA) – Price action and analysis

The metaverse buzz around Decentraland (MANA) has done well to inspire positive investor sentiment around the token. But the bullish run that saw the coin gain 15% in less than a day is just starting. Although at the time of writing, the coin was trading at $3.87, analysts see this uptrend continuing in the near term. Current estimates expect MANA to hit $6.50 by the end of this run. 

However, the coin will need to sustain gains above its $3.17 resistance. Also, we have seen a trend among MANA bulls of taking profits when the price surges. If indeed this behaviour holds during this bull run, then we are likely to see wild price swings, with MANA projected to go as low as $2.75.

Should you buy Decentraland (MANA)

In case you are a big believer in the metaverse, then you must have Decentraland (MANA) in your portfolio. Besides, the platform has also been investing heavily in improving the virtual experience for users. It is likely that it will continue to attract more and more fans. The flow of institutional capital into MANA is also a good sign that the coin is headed in the right direction.

The post Decentraland (MANA) looks set for an impressive bullish uptrend – here’s why you should buy appeared first on Coin Journal.

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Market highlights December 24: Crypto’s Santa rally

The crypto market is booming on December 24 as Christmas Eve approaches. This led analysts to coin the term “Santa rally”.

Top cryptos

Bitcoin and Solana are leading the way in the top 5. Both gained around 6% today. Binance Coin is up around 4%. Outside the top five, Cardano is finally starting to reverse extended losses. It is up just over 8% at the time of writing.  

Terra continues its wild ride, down 13% yesterday, but up 15% both today and the day before yesterday. Crypto.com’s coin CRO has also gained 15%, recovering from recent losses.

Top movers

Dogelon Mars, a dog-themed meme coin with a name alluding to Elon Musk, Dogecoin, and Mars, entered the top 100 after gaining 38% this morning.

After NFT gaming ecosystem platform Sandbox raised $93 million in an investment round, the Sandbox (SAND) token price hit an all-time high of $3.45 on November 3. Then, it gained another 150%, reaching a peak of $8.51 about a month ago. It is currently trading for $6.26 and added 21% to its value today.

The live Internet Computer Protocol (ICP) price today is $28. Internet Computer is up almost 19% in the last 24 hours. It is surging on news that a new cross-chain bridge between Ethereum and Internet Computer would make it possible to support native ERC20 tokens on the ICP network. 

Arweave, a decentralized storage network that seeks to offer a platform for the indefinite storage of data, is up 17% today. The network is a self-described „collectively owned hard drive that never forgets.“

Decentraland is yet another top 100 metaverse token to begin recovering from recent losses. It has gained 15% today. Fantom is also up 15%. Enjin Coin, another metaverse token, has gained 11%.  

Dash, an open-source blockchain and cryptocurrency focused on offering a fast, cheap global payments network, seeks to improve upon Bitcoin by increasing privacy and transaction speed. It has gained 14% today.

Following a rebrand to eCash (XEC), Bitcoin Cash ABC gained around 13%. It also redenominated to a 1:1000000 ratio.

The live Gala price today is $0.51 with a 24-hour trading volume of just over $1 billion. The gaming token is up 11.50% in the last 24 hours. 

Other top 100 winners include Holo, IoTeX, SushiSwap, and WAX, which added value of 10%, 12%, 13%, and 12% respectively.

Trending

PAPPAY is a cryptocurrency that can be used for digital purchases and online payments. The payment tool also provides holders with passive income. It’s easily one of today’s biggest winners, having added 242% to its value.

The post Market highlights December 24: Crypto’s Santa rally appeared first on Coin Journal.

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Dogelon Mars up 37% today, crashes top 100: here’s where to buy Dogelon Mars now

The live Dogelon Mars price today is $0.000002 with a 24-hour trading volume of $113.4 million. Dogelon Mars is up 37% in the last 24 hours. It broke the top 100 by market cap and currently ranks at #95 on CoinMarketCap. If you want to know more about Dogelon Mars, this guide is for you.

Top places to buy Dogelon Mars now

As ELON is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ELON using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ELON right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for ELON

Now that you’re connected, you’ll be able to swap for 100s of coins including ELON.

What is Dogelon Mars?

Dogelon Mars is a dog-themed meme coin on Ethereum and Polygon. It follows the example of other successful dog coins like Dogecoin, Shiba Inu and Floki Inu. Dogelon Mars plays on several popular themes in the meme coin space. Its name is a mixture of Dogecoin and Elon Musk, the billionaire entrepreneur who is an outspoken supporter of Doge. It alludes to Mars, a spin on the famous moon meme, implying that Dogelon will experience a massive upward movement. Beyond its tongue-in-cheek name, Dogelon Mars has managed to build a significant community, with more than 300,000 Twitter followers and more than 84,000 followers on Telegram.

Should I buy Dogelon Mars today?

Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.

Dogelon Mars price prediction

Crowd Wisdom’s recommendation for the next few hours is Buy. All of the 5 technical indicators for momentum are positive and none are negative.

Dogelon Mars on social media

The post Dogelon Mars up 37% today, crashes top 100: here’s where to buy Dogelon Mars now appeared first on Coin Journal.

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No end to Sandbox gains in sight: Top places to buy Sandbox today

After NFT gaming ecosystem platform Sandbox raised $93 million in an investment round, the Sandbox (SAND) token price hit an all-time high of $3.45 on November 3. Then, it gained another 150%, reaching a peak of $8.51 about a month ago. It’s currently trading for $6.26. If you want to know what SAND is, whether it’s worth investing in, and where to buy SAND now, you’d be happy to know we wrote this guide just for you!  

Top places to buy Sandbox now

As SAND is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SAND using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SAND right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for SAND

Now that you’re connected, you’ll be able to swap for 100s of coins including SAND.

What is Sandbox?

The Sandbox is a virtual gaming ecosystem based on Ethereum and Unity Software. Under its play-to-earn model, players can create, own and monetise their gaming experience using SAND. The platform features an NFT marketplace for creators to trade their assets and Voxedit, an asset creation tool for producing non-fungible tokens (NFTs) that can be used in-game. The Sandbox Game Maker lets anyone build, share and monetise 3D games on the platform. Token holders can vote on key decisions related to the ecosystem via a DAO.

Pixowl launched Sandbox a decade ago. Pixowl was founded by entrepreneurs Arthur Madrid and Sebastien Borget and acquired by the prominent Hong Kong-based VC fund Animoca Brands in 2018.

Should I buy Sandbox today?

SAND can be a profitable investment if you pick the right time to buy it. Take all price predictions or recommendations to buy or not to buy with a grain of salt.     

Sandbox price prediction

Digital Coin forecasts that the token’s price will average $7.89 next year and reach $9.42 in 2025. By 2028, it will hit $21.

Price Prediction estimates that SAND will be worth $7.3 on average in 2022, then triple to $22.17 in 2025 and move up to $145 by 2030.  

Sandbox on social media

The post No end to Sandbox gains in sight: Top places to buy Sandbox today appeared first on Coin Journal.