Is Decentraland Mana a Good Investment? Things to Know Before Investing

Decentraland Mana had one of the best years in 2021. The Metaverse coin saw its value reach an all-time high of $5.41 in November 2021, however, since then, mana has crashed by more than 40% and is currently trading at just over 3 dollars.

Read: Decentraland Mana Prices Prediction

Is Decentraland Mana a good investment?

Decentraland Mana is the second largest game cipher after Axie Infinity. On January 1, 2021, Mana was worth about $0.08, and within a year it was trading at more than $5. However, as of January 2022, the token has consolidated at just over $3.

Comparing Mana’s performance with Bitcoin in the past six months, it is clear that Mana has been ahead of Bitcoin on two occasions, giving investors hope for a price increase of Mana. However, since the market crash, Mana has underperformed Bitcoin.

However, among the top three symbols of the Metaverse, in the past six months, Mana has fallen behind the other two. Axie Infinity was the best performer but also lost the cap since the market crash.

Decentraland mana is a good investment

Is Decentraland Mana a good investment: Finance

Looking at the all time financial data of Decentraland Mana, more investors have made a profit compared to the ones who lost after investing in Mana. According to the data from IntoTheBlockSo far, about 59% of the investors have managed to take profit while about 30% lost after investing in Mana.

About 12% of investors are out of funds or in break even mode.

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Since mana touched an all-time high i.e. in November 2021, more than 60% of investors have made a profit after investing in mana and about 26% of investors have lost since then. 13% of investors are sitting at the break-even point.

Is Decentraland Mana a Good Investment: Whale Domination

Whales largely dominated the Mana network. Whales hold about 51% of the total circulation of mana tokens (14). Therefore, the fear of rock bottom mana collision would always remain if the whales had withdrawn.

Added to this, just over 28% of the total Mana token circulation is investor volume while the retail market holds around 20% of the total Mana supply.

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The end result

Decentraland Mana was a good investment in 2021. However, the metaverse token has collapsed since hitting an all-time high in November. Recently, with the news of Samsung collaborating with Decentraland on the upcoming Metaverse project, this has resulted in Mana gaining its commercial value. But the gain was limited and did not translate into higher gains.

Regarding investing in mana, it is advisable to study the market carefully before making any investment move.