Connect with us

Altcoins

Man O MANA, Decentraland (MANA) Up Another 10%

Published

on

Decentraland
READ LATER - DOWNLOAD THIS POST AS PDF

It’s been a helluva week in the cryptoverse. The market crashed again. Bitcoin (BTC) is now down around US $5,500.00 and Bitcoin Cash (BCH) has devolved into a pair of unrecognizable ticker symbols on your favorite exchange. But the hurt many investors are feeling as they watch their investments nose dive from recent highs has been tempered somewhat by the stories of a few coins that weathered the recent storm relatively well. One crypto-company that is bouncing right back after the crash is Decentraland (MANA).

Virtually unstoppable, Decentraland and their associated crypto-token, MANA, has gained back nearly 10% since the crash. In fact, investors in Decentraland may have hardly noticed the disaster that overtook Bitcoin (BTC) and its forked derivatives as the value of MANA continues the upward trend it began in the past weeks. Though down from the highs of November 13th, MANA is up 30% over the last month.

What is Decentraland (MANA)?
Essentially, Decentraland (MANA) is a virtual reality world built on the Ethereum blockchain. The platform is a three dimensional, interactive, augmented reality created for gamers and entrepreneurs alike. Promising unlimited experiences powered by the imagination of its users, it is the first decentralized virtual platform of its kind.

Users of Decentraland own and create the platform. By purchasing virtual land through the Ethereum blockchain, entrepreneurs create fun and interesting opportunities for other users within the ‘game.’ With full control over their land, the creation of unique experiences by property owners has proven to be exhilarating and profitable. While examples of lucrative business ideas within Decentraland include the construction of virtual casinos and performance halls, in general, the development of real-estate leads to increased property values on the platform. The incentive to make real money in the virtual world creates an unlimited opportunity for creative expansionism.

Decentraland (MANA) ranks in at #61 on coinmarketcap.com. With a market cap over US $93 Million, MANA is trading over US $4.5 Million per day. MANA is now priced at US $.089 with over 1 Billion coins in circulation. Decentraland can be found on Binance, where it currently leads the ‘gainers’ section on the popular exchange.

What News Has Come From the Development Team Recently?
The news surrounding Decentraland (MANA) has mostly revolved around the increase in adoption the virtual platform is experiencing. With virtual land sales increasing, a milestone was recently reached as a large parcel of land was sold for US $215,000 (nearly 3 million MANA).

In other news, Axie Infinity, a third party collectibles game developer, has recently announced they are coming to Decentraland. As stories of adoption add up, investors are rushing to the exchanges to get in on the action before the next tranche of support raises the value further.

Man O MANA, Where Does it Go From Here?
As Decentraland (MANA) continues to grow, investors in the platform have become giddy with excitement. Users of this innovative product and passive hodlers of the coin both see the potential for a bright future ahead. And as this crypto-rocket starts its engine, there’s still time for all of us to board the craft before liftoff. Where Decentraland (MANA) can go from here is anyone’s guess, but the sky is the limit and solid future gains are now virtually assured.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

Published

on

Encrypgen
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Elite