Looking great since the last time I posted about it, Decentraland's Mana coin and associated gaming platform have seen some serious innovation. Opening a new market-place just two days after I posted my last update, Decentraland now allows holders of land to trade, buy and sell their property. In the works? A partnership with Opskin a platform for buying, selling and trading in-game items.
These are major milestones and the community certainly looks to be supportive...
Following a steep correction after reaching an ATH in mid-March, MANA's market cap dropped more than $16 million.
THEN, recovery began.
After price action bounced from the .382 shooting through 2 horizontal resistance points (black and yellow) it fell again, but not as steeply, from the .236. Since then, Mana has maintained its place above the .382 on my Fib, riding support, which could bring it back to the .236. Volume does seem to have tapered out though and there is always the possibility that price action will fall back through support hitting the .382 once again.
What are your thoughts on Mana and their unique approach to VR entrepreneurship?