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

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Decentraland
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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.

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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.

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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