Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance

Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance
Decentraland (MANA), the cryptocurrency launched in 2020 by Ariel Meilich and Esteban Ordano, failed to take advantage of some of the positive developments that happened within its ecosystem this year as it closes 2022 in a “beaten” state. Over the last 12 months, the digital coin has shed 91% of its value, failing to recover from the massive price dumps it experienced triggered by the a series of unfortunate events that plagued the crypto space and the growing uncertainty in the market. According to latest tracking from Coingecko, at the time of writing, the digital token is changing hands at $0.2941 and has lost 10.3% of its value during the past seven days. The last 30 days have been rocky for Decentraland as well, as the altcoin ended up depreciating in value by 27.3%. This really is unfortunate, considering the crypto’s ecosystem has been making impressive progress in the NFT realm. Related Reading: Is Polkadot (DOT) A Must-Have For Your 2023 Portfolio? Decentraland: 440% Growth In Minted NFTs The metaverse-based gaming platform seemed to have focused most of its attention to the non-fungible token (NFT) s ..

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