I am very bullish on MANA right now as I am a fundamental analysist with analyzing both team, cash flow, cash distribution, and another part of the project before investing in anything. MANA is different than SAND boy with a recent boost. If you have some time to go to coinmarketcap and check the holder of MANA and SAND, you will realize top 100 holders of MANA only hold 78% MANA token (these holders include the Dev team, and I think they are the top 2 wallets with ~185mil MANA) compared to 96% SAND token. Remember, MANA has 1.8 Bil MANA tokens currently circulating with a Total of 2.1 Bil MANA tokens available (That is right, roughly 300-400 mill MANA are held by the MANA's Dev team). This is very decentralized! Compared to SAND with 800Mil token in circulation and the Dev team hold 2.2 Bil Token of SAND.
You can also make a note of the MANA's price jump price from Nov 11 till Nov 15, and check the holder portfolio during this time. It shows the top 100 holders of MANA actually buy back MANA during that time to make the price jump from $2.5 to $3.6 and sell out the same MANA to make the price drop down to 2.9 during these 5 days. What happened is that people kept buying in and holding it for long rather than shortening on MANA. This is the very important key point here, the new MANA's holders majorly have an investor mentality for the long term. Since that buyback and sale from the top 100 MANA holder, the MANA price has been very stable growing up until now. The whole goal of MANA is not to make you a rich FOMO boy, but to distribute tokens to make it become more decentralized, and currently, it is the most decentralized metaverse out there with the lowest token percentage for top 100 holders. If you do the same analysis for SAND you will realize the top 100 holders in SAND and others have a very different strategy and they tend to have a longer time frame to accumulate and sell off the token. After we saw the price jump on Nov11-15, we can see how capable the MANA top 100 holders can do, however, the main point is MANA needs to be at a low price to attract more people to it. The one that is going to attract more is the real estate management companies. Within 24 hours, there was a Canadian real estate company purchased $2.5 Mil worth of land on Decentraland right on the fashion district. The article is following (you can google search it): -----------------------------------------------------------
"On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland.
Specifically, Tokens.com purchased 116 parcels of virtual land for a total of 618,000 MANA, the native currency of Decentraland, according to a company release. The company claimed the purchase represented the largest transaction of its kind to date.
Tokens.com purchased the land through the virtual real estate firm Metaverse Group, which offers virtual land development services for clients. The purchase is equivalent to 6,090 square feet of physical land — which is approximately the size of 1.3 basketball courts.
In mid-October, Tokens.com purchased a 50% stake in Metaverse Group for $1.68 million. Metaverse Group also sells and rents virtual land in the virtual world platforms Cryptovoxels, The Sandbox, Upland and Somnium.
The purchased lots are based in Decentraland’s Fashion Street district and will be developed to accommodate the growing demand for fashion brands to showcase digital merchandise in the metaverse.
“Fashion is the next massive area for growth in the metaverse,” said Sam Hamilton, Head of Content at the Decentraland Foundation, in a statement. “So it’s timely, and very exciting, that Metaverse Group has made such a decisive commitment with this land purchase in the heart of Decentraland’s fashion precinct.”
Digital land is valued by the foot traffic it receives and its proximity to brands located within the metaverse, as The Block previously reported. " -----------------------------------------------------------
As you have read it throughout, accumulating MANA is actually turning out to be a good long-term investment because the real world is coming to know about MANA right now. MANA tokens will be needed for services and it is a great example of lithium/petrol in the metaverse world.
Now coming back to the chart, the running price from $2.9 up until now $4 are made by major people of the community rather than the top 100 holders. It does not mean they don't think MANA is not potential, it just means they create room for accumulation before making moves. My chart has been able to predict correctly the move in the past 72 hours, so that is a good sign of my good sense lol! If MANA would be able to break the support line and run straight to $2.9 then it would be my dream as I am hoping it to drop down every day in the past 15 days.
This is not financial advice and please invest responsibly!
Thanks for the info. I had read that article earlier. I think these projects are great longer term holds. But 1 thing i noticed while quickly looking at the coin supplies for the short term was: MANA has 1.8 mil circulating with a market cap of 7.4B & token price of $4, where SAND has 900 mil coins, MC of 4.7B & a price of $5.40. So figure MANA has twice the coins & cap than SAND, but token price is only $1.40 apart. So i'm thinking there's more opportunity for gains with SAND just based on the lesser amount of coins & it being half the cap. If it were to reach MANA's cap, that'd be almost a further 2x from here. This would just be for the short term. For MANA to 2x you're looking at a MC of $14 billion, putting it by Litecoin & Uniswap. I just dont see that happening for a long time. But that's where the real gains will come here on out. And it'll all come down to who can execute their metaverse more/better.
I'm pretty impressed with all the big names being drawn to each project. You have Nations building embassies or i even saw a Hells Kitchen Gordon Ramsay restaurant for SAND. And this is only the 1st iteration of something like this. Imagine how this stuff will be in later versions? Pretty cool stuff! Anyways i went off topic there a bit but appreciate your post! I'm glad i bought a bunch of SAND a couple weeks back haha
Haizsama
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@Crypto-Fury Decentraland also got national ambassidor too. As the investor they invest on top 5 project so if SAND got invest then most likely Decentraland also got invested in. SAND is a good project to hold, however, the problem with SAND is that it is not very decentralized. The marketcap is just a small thing as MANA has double marketcap of SAND, however, SAND has not only put out 1/3 of SAND token in the market. Meaning SAND price has to go down 3 times to has that much circulation token in the market to be like MANA token right now. Put it short, if SAND want to be that decentralized as MANA, SAND would be current price divided by 3. So if SAND get same amount of marketcap with decentraland then basically SAND price would be 2/3 of now too. Decentraland fundamental is much more decentralized in term of coding, govern, and financial market distribution. Litecoin or others are nothing, they dont actually make real product. Those coin provide services! Decentraland has its own ecosystem that can gain real independent capital too.
KKKKKKKKKKKKing
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mana and sand which is better
Haizsama
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@KKKKKKKKKKKKing, I would hold both. SAND is a very playable game. MANA has a much better foundation and decentralization. Pick one that you feel best. Talking about my choice, I would go for MANA.
mandclaire
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whats your Min TakeProfit?
Haizsama
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@mandclaire I am a very long term investor so I will start cashing out 50% when MANA is $25. People will argue MANA can not be $25 and say that at $25 MANA marketcap would be as big as shiba inu. I do believe Meme coin will go back to lower price. If you do holder analysis for shiba inu, the top 100 have never buy back their shiba inu and they dropped more than 20% holding token in the past 3 months. MANA is actually the great grand master of the metaverse so yes, MANA marketcap would be 40bil and beyond!