Decentraland (MANA), the cryptocurrency launched in 2020 by Ariel Meilich and Esteban Ordano, failed to take advantage of some positive developments that occurred in the ecosystem this year while closing 2022 in a “beaten” country.
Over the last 12 months, the digital coin has shed 91% of its value, failing to recover from the massive price pile-up caused by a series of unfortunate events that have plagued the crypto space and brought uncertainty to the market.
According to the latest tracking from Coingeckoat the time of writing, the digital token is changing hands at $0.2941 and has lost 10.3% of its value over the past seven days.
The last 30 days were also very difficult for Decentraland, as the altcoin ended its value up 27.3%.
This is unfortunate, as the crypto ecosystem has made great strides in the realm of NFTs.
Decentraland: 440% Growth in Minted NFTs
Metaverse-based gaming platforms seem to have focused heavily on the non-fungible token (NFT) space this year, as evidenced outstanding performance related to industry.
In its year-end performance report, Decentraland announced that by 2022, there will be 2.7 million unique NFTs released on the platform.
With these figures, on a year-over-year (YoY) basis, the project experienced a 440% increase in the volume of NFT assets printed on the network.
Decentraland is also proud to announce that it will end 2022 with 1 million unique active users after a 13% increase in the department over the past 12 months.
In addition, the project also managed to increase its sales volume by 510% during the same period after selling 143,900 wearable NFTs.
However, even with this superlative performance, MANA Decentraland failed to break the bearish streak.
Crypto total market cap at $755 billion on the daily chart | Chart: TradingView.com
What MANA Holders Can Expect In 2023
There is good news for holders of the Decentraland altcoin as Coincodex predicts an increase in its value in the coming days.
According to online cryptocurrency information providerin the next five days, the trading price of the digital asset will increase by more than 2% and will change hands at a price of $0.2977.
Meanwhile, 30 days from now, the crypto is expected to hit and exceed the $0.30 mark once again as it is expected to trade at $0.3305.
If these predictions translate into reality, MANA holders and investors may finally find a little breathing room to take a break from the current challenging crypto industry landscape.
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