MANA (Decentraland) as Large-cap Token is 81st in the 2100NEWS ranking. The quality of the order book of MANA is Good. The average quality of the order book for large caps members of the NWSL100 index is 12.5. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.
MANA has been launched in 43 exchanges. Through ICO in August 2017, Decentraland raised $24 million.
Decentraland as Large-cap Token is 81st in 2100NEWS ranking (after Index Review of 3rd January 2020). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100, NWSDM100.
2100NEWS DA Orderbook Quality Evaluation Grade: Good, Score: 14.4, (Average for Large caps: 12.5)
Over the past week, the average market cap was $36 million, average daily volume was $13.7 million.
To make peer comparison we gauged the MANA (Decentraland) with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the MANA vs. NWSL100, in the middle of the chart is the original MANA price, at the bottom of the chart are NWSL100 and correlation between MANA and NWSL100. On average (purple area graph), the MANA to NWSL100 ratio has shown that MANA has grown and beaten the NWSL100. It has increased by 40.82% vs. NWSL100 in the last four months. However, the correlation graph gives us an explanation that correlation is weak (Pearsons correlation coefficient = 0.47), even negative in the last month. for 83% of the time, it was moving in the same direction as the NWSL100. So, it has been an ordinary representative of the NWSL100 index in terms of price changes.
According to Etherscan, there are 29,951 token holders (at the time of this article’s writing).
They named the initial stages of their development by age (Stone Age, Bronze Age, Iron Age, Silicon Age). In 2018 they were building out infrastructure while in 2019 they started to build a new world. In early 2019, Decentraland began working with HTC. They then launched the tool allowing non-programmers the chance to easily drag-drop-build on their LAND. They also introduced avatars in mid-2019, so the community soon began to show the first scenes of their products. Decentraland has been improving its tools throughout 2019. They are aware of the importance of the community. They have a well-developed tutorial where the player can easily learn how to build their world.
About Decentraland – what they do
Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Within the Decentraland platform, users will be able to create, experience, and monetize their content and applications.
The finite, traversable, 3D virtual space within Decentraland is called LAND, a non-fungible digital asset maintained in an Ethereum smart contract. Land is divided into parcels that are identified by cartesian coordinates (x,y). These parcels are permanently owned by members of the community and are purchased using MANA, Decentraland’s cryptocurrency token. This gives users full control over the environments and applications that they create, which can range from anything like static 3D scenes to more interactive applications or games.
Some parcels are further organized into themed communities, or Districts. By organizing parcels into Districts, the community can create shared spaces with common interests and uses. You can find a list of the original District Proposals on GitHub. The content that makes up Decentraland is stored and distributed via a decentralized network while ownership and transactions are validated on the Ethereum blockchain.
While Decentraland is still under active development and there is currently no way to access the world, it will support several platforms: you will be able to access Decentraland from a mobile device, a web browser, or a VR headset to enhance your immersive experience.
Founded in 2015, Decentraland is comprised of developers, players, artists, hackers, entrepreneurs, and enthusiasts who lay the foundations for the first community-owned virtual world.
Exchanges:Alterdice, Bancor Network, Bibox, Bilaxy, Binance, BitAsset, Bitfinex, Bitkub, Bitsdaq, Bitso, Bittrex, BW.com, Cat.Ex, Coinbase Pro, CoinPlace, Dex-Trade, DragonEX, Exrates, Fatbtc, FCoin, Gate.io, HitBTC, Huobi Global, Huobi Korea, IDEX, KuCoin, Kyber Network, LATOKEN, LiteBit.eu, Livecoin, Mercatox, MXC, OKEx, OKEx Korea, Omgfin, P2PB2B, Poloniex, Radar Relay, TOPBTC, Upbit, VCC Exchange, WazirX, ZB.COM.
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The Crypto Highlights are considered the opinion of 2100NEWS and the material is for informational purposes only and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens MANA.