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Decentraland at $4.08 after 13.6% gains – How to buy MANA

Decentraland MANA
Decentraland MANA

Decentraland has become one of the most popular tokens in the market following the recent rise of the Metaverse. As one of the oldest networks to venture into virtual land, Decentraland has become a preferred token by investors who believe that the concept of virtual land and the Metaverse will make major gains in future.

MANA is trading at $4.08 at the time of writing after a 13.6% gain in 24 hours.

MANA price analysis

MANA price analysis Nov 19

MANA has been making notable gains over the past month. These gains have enabled MANA to continue making all-time highs. It created a record high of $4.25 during the past 24 hours, and despite the slight dip, it is still showing signs of growth.

If MANA continues its price gains, it will test the other resistance level of $4.30. These gains have been attributed to the rising buyer support. The buyer support is still strong despite dips across the broader market. Once critical resistance levels are tested, MANA could head towards the target prices of $4.50 and $4.75.

On the other hand, MANA could fail to maintain the uptrend because of a recession across the broader market. In this case, it could push to the lower support level of $4. However, with MANA’s buyer support being high, dipping could create demand for the token.

Decentraland has been making notable gains despite the correction across the broader market. These gains come from investors buying the token due to increased hype regarding the Metaverse and the initiative of firms such as Facebook and Microsoft launching offerings in the Metaverse.

One of the major gains that Decentraland has achieved in the past few days is announcing that the Government of Barbados would be setting up a virtual embassy on the Metaverse.

Where to buy MANA

To buy MANA during the current market bulls, you can open a cryptocurrency exchange account on eToro. eToro is one of the leading crypto exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also allows a trader to copy trade the strategies used by expert traders and increase their chances of making profits.

Your capital is at risk.

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