The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Will Decentraland Dominate the Metaverse? Coin Bureau Updates Price Prediction After Altcoin’s Massive Breakout

by Daily Hodl Staff
November 12, 2021
in Altcoins

The pseudonymous host of crypto outlet Coin Bureau is sharing price analysis on altcoin MANA, the native token of virtual gaming world Decentraland.

In a new video, the analyst known as Guy tells his 1.81 million YouTube subscribers why MANA is holding firm despite what he calls “an unsustainable rally” after Facebook’s recent Meta rebranding announcement sent many metaverse-related cryptos soaring.

The analyst lays out several key factors as to why the token is maintaining price strength.

“First, the rest of the crypto market continues to rally. Most importantly, Bitcoin dominance has been on the decline, meaning money is moving into altcoins such as MANA.

The amount of money being held in Decentraland’s Grayscale Trust has more than doubled… since March [of] this year. This suggests there is significant institutional demand for Decentraland.”

The analyst also highlights trading of non-fungible tokens (NFTs), virtual events, and the game’s decentralized gambling casinos as sources of the project’s strength.

According to the project website, Decentraland is “the first-ever virtual world owned by its users.”

“Decentraland is controlled via the DAO [decentralized autonomous organization], which owns the most important smart contracts and assets of Decentraland – the LAND Contract, the Estates Contract, Wearables, Content Servers and the Marketplace.”

Guy next dives into Decentraland’s proposed idea of achieving interoperability with other metaverses, which he calls “a game changer.”

“[It] seeks to make Decentraland’s metaverse interoperable with at least four other crypto metaverse worlds. This will be done using an advanced protocol called IPSME [Idempotent Publish/Subscribe Messaging Environment].

No dates have been detailed for this particular proposal, but it will be a game changer for metaverse cryptocurrencies if it delivers on its promises.”

Guy wraps up by discussing how his initial doubts toward the project have softened over time.

“When I first heard of Decentraland, I remember being skeptical if it would get any traction. After all, who needs a virtual world when you have the real world?

As time goes on though, it’s becoming clear that there is value in both. This was evident long before Facebook rebranded to Meta, and it’s something that nobody really noticed until Facebook put the metaverse on stage.

The crazy thing is that Decentraland is still in its infancy, even though it’s one of the oldest metaverse projects out there. It’s amazing to see that development continues, despite all the problems the project has experienced publicly and behind the scenes.

It’s certainly headed in the right direction, and even though MANA might be overvalued relative to Decentraland’s fundamentals today, this probably won’t be the case tomorrow.”

MANA is currently trading at $3.20, up 23% on the day but down from the all-time high (ATH) of $4.91 it achieved on October 30th.

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/solarseven/Dario Lo Presti/Andy Chipus

Submit a Press Release

Industry Announcements

  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption
    June 12, 2025
  • ?Bitpanda opens the gate to Web3 with Vision (VSN)
    June 12, 2025
  • tBTC Launches on Starknet, Expanding Bitcoin’s Role in Multi-Chain DeFi
    June 11, 2025
  • Allnodes Launches Bare-Metal Servers for Solana Validators and Builders
    June 11, 2025
  • Falcon Finance Announces Custody Integration With BitGo for USDf Synthetic Dollar
    June 11, 2025
  • Interactive Strength Inc. (Nasdaq: TRNR) Enters Into $500 Million Facility To Acquire AI-Focused FET Tokens and Launch Crypto Treasury Asset Strategy
    June 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$108,350.03
$108,350.03
0.59%
Ethereum
$2,764.41
$2,764.41
2.34%
BNB
$667.00
$667.00
0.07%
Solana
$160.09
$160.09
2.15%
XRP
$2.25
$2.25
2.14%

Spotlight

  • Bitcoin Setting Up for ‘Treasonous’ Correction, According to Trader That Called 2021 Market Cycle
    June 5, 2025
  • Bitcoin Flashing Bearish Signal After Failing To Break Above Major Resistance, Says Crypto Trader – Here Are His Targets
    June 5, 2025
  • Economist Henrik Zeberg Says Altcoins About To Kick Off Explosive Phase, Updates Outlook on dogwifhat and One Under-the-Radar Crypto
    June 5, 2025
  • Former DOGE Head Elon Musk Tells Lawmakers To Kill Trump’s ‘Big, Beautiful’ Bill
    June 5, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl