There are over 24 categories of Crypto Assets and within those categories, there are 45 Sectors. It is very difficult to determine which crypto asset is the best one to buy. In addition, the industry itself has numerous current and previous unresolved risks that make investing in the industry uncertain and extremely risky. However, crypto-assets can still be a great place to invest in. With a little patience and guidance, investors can find and invest in some of the top crypto assets in the industry. We will post some of our best ideas in coins and tokens for serious and mildly curious investors going forward. Check out the page weekly for our highlight coins and tokens for the week.
Our pick of the week is Decentraland- MANA. Decentraland is an NFT (non-fungible token) currently trading at a market spot price of $0.993831 as of the date this article was written. What is Decentraland? “Decentraland is a decentralized VR (virtual reality) world that is powered by the Ethereum blockchain. In this virtual world, you can purchase land, build it, monetize, and immerse into the applications and content that are built by other users. What distinguishes Decentraland from other VR projects is its decentralized nature. Land and in-game currency are powered by the Ethereum blockchain which gives users complete ownership and promotes transparency.” (Source: Coingecko.com)
Decentraland is a virtual property and real estate blockchain platform and was one of the first movers in the virtual reality space that popularize the NFT movement. The stock has performed well over the last 24 months but like most crypto assets is down 75% – 83% to date. It’s ranked #40 as far as market capitalization with the industry suggesting that this virtual property and real estate blockchain platform is very liquid and highly capitalized.
Industry analyst thinks it’s a buy at these prices and suggest accumulation in small amounts then using a dollar-cost averaging accumulation strategy. If you would like to know more about Decentaland such as price, trends, and industry direction post a comment below or email us for additional information.
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