Decentraland (MANA) Cryptocurrency Risk/Reward Assessment | News and Price Analysis 2022

Decentraland (MANA) is a decentralized metaverse platform and marketplace where users can create, trade, and monetize applications and more. Powered by the Ethereum blockchain, there’s a Decentralized Autonomous Organization (DAO) that governs the policies that determine how the Decentraland world would behave, which differentiates Decentraland from its competitor, Sandbox. Decentraland (MANA) recently made the news for becoming one of the top 10 cryptocurrencies of the year, along with Axie Infinity (AXS) and Enjin Coin (ENJ).

Decentraland (MANA) Trading Analysis | Market Capitalization and Volume

The price of Decentraland is -3.66% lower over the past 24 hours, leading to its current value of $1.79. The change in price goes along with volume being below its average level while the token’s market capitalization has fallen during the same time period. The crypto’s market capitalization is now $3,305,757,927.17, meanwhile $193,766,933.44 worth of the currency has been traded over the past 24 hours.

Risk Score InvestorsObserver | Top Traded CryptoCurrencies of 2022

InvestorsObserver analysis gives Decentraland an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

relative to the changes in volume and market cap changes give Decentraland an average risk analysis.

Summary

Recent price movement of MANA gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the token’s manipulability at the moment.