MANA Fell by 90% in 2022, How Will 2023 Go?


Decentraland (MANA), a cryptocurrency company launched in 2020 by Ariel Meilich and Esteban Ordano, has missed some of the positive developments that have taken place in its environment this year as it closes 2022 in a “beaten” state.

In the last 12 months, the digital currency has lost 91% of its value, unable to recover from the huge price drop caused by the many negative events that plague the crypto space. growth is uncertain in the market. According to the latest Coingecko tracking, at the time of writing, the digital token is trading at $0.2941 and has lost 10.3% of its value over the past seven days.

The last 30 days were also eventful for Decentraland, as the altcoin ended up falling by 27.3%. This is really unfortunate, since the crypto ecosystem has made tremendous progress in the NFT sector.

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Decentraland: 440% growth in minted NFTs

The gaming metaverse seems to have focused most of its attention on the non-fungible token (NFT) space this year, as evidenced by its impressive performance in the industry. In its year-end performance report, Decentraland revealed that for the year 2022, 2.7 million unique NFTs were published on its platform.

With such figures, year-on-year (YoY), the service has a 440% increase in the volume of NFT assets invested in its network. Decentraland is also proud to announce that it will end 2022 with a number of one-time employees of 1 million after seeing a 13% jump in the sector in the last twelve months.

Furthermore, the project managed to increase its sales volume by 510% in the same period after selling 143,900 wearable NFTs.

However, even with this outstanding performance, Decentraland’s MANA failed to pause its bearish streak.

What MANA holders can expect in 2023

There is good news for Decentraland altcoin holders as Coincodex predicts that it is possible to increase the value in the coming days.

According to the online cryptocurrency information provider, in the next five days, the price of the digital business is expected to increase by more than 2% and change hands at a price of $0.2977. Meanwhile, within 30 days, the crypto is expected to reach and break above the $0.30 mark again, as it is expected to trade at $0.3305.

If these predictions come true, MANA holders and investors can find a breathing room to gain strength from the challenging situation of the crypto industry today.

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