Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: bitmover on February 27, 2024, 10:58:49 PM

Title: what do you guys think about Mana?
Post by: bitmover on February 27, 2024, 10:58:49 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?
Title: Re: what do you guys think about Mana?
Post by: Gideon99 on March 03, 2024, 02:00:10 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?

I think this project is awesome. It's a decentraland cryptocurrency, it's a decentralized virtual world that allow it user to sell and buy, and create virtual assets. Mana crypto is used to power game economy and use to purchase virtual land, items and services. I think it hand example of how Blockchain technology can be used to create new type of experiences.
Title: Re: what do you guys think about Mana?
Post by: MUGNIA on March 03, 2024, 09:46:28 PM
MANA ? what is that? Can you give me a site to learn about it, because honestly too many coins make me sometimes miss more information on a project and the name of the coin,
Title: Re: what do you guys think about Mana?
Post by: Dr.Bitcoin_Strange on March 03, 2024, 10:06:38 PM
Since the last all-time high of that coin in 2021 was $5+, it just seems to me like the project owners are not really giving too much attention to that project. I really cannot tell if the project may want to use the influence of the pull market to give the coin a little promotion to get it pumped during the bull market. 

The token I realized I had millionaires of it unknowingly to me is babby doge. I feel there is some hype around that coin. 
Title: Re: what do you guys think about Mana?
Post by: Primo1760 on March 03, 2024, 10:46:53 PM
You probably meant this mana coin. I can see this mana coin entered 2021 at a high of $5.90. It is currently trading at $0.65. But you can invest at your own risk if you want. As the list in the good exchange, the price may recover if the bull market starts in the market. But if you don't chase after all these coins and hang around with Bitcoin and ethereum then you can see the proof of that in the current season if you invest in bitcoin ethereum you will get more profit than all these coins.
(https://www.talkimg.com/images/2024/03/03/ynGAD.jpeg)
Title: Re: what do you guys think about Mana?
Post by: vegasus on March 03, 2024, 11:46:04 PM
MANA ? what is that? Can you give me a site to learn about it, because honestly too many coins make me sometimes miss more information on a project and the name of the coin,
Here it is
https://coinmarketcap.com/currencies/decentraland/
The price is right now $0.6596
But the rank is lower again, it is on #82 right now based on coin market cap position.
Actually this is a potential project with interesting concept. But, well, once the hype is  over, the progress to survive and maintain the uptrend is very difficult.
Title: Re: what do you guys think about Mana?
Post by: MrSpasybo on March 04, 2024, 07:11:27 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?
MANA (Decentraland) was one of the strongest tokens in 2021 when the MANA token price increased more than 500 times. I think MANA is one of the most potential Metaverse tokens in the market, it also has products for everyone to experience, I don't think it is a shitcoin.

The Metaverse trend may soon return with the GameFi trend, so MANA could be a good token for us to monitor and invest in.

From a technical analysis standpoint: MANA has outperformed the Kumo cloud (Ichimoku) and is very well supported by the Weekly EMA34 (Sonic-R). I think growth is coming to MANA.

(https://www.tradingview.com/x/NB6z3Wll/)
Title: Re: what do you guys think about Mana?
Post by: Agbe on March 04, 2024, 08:27:45 PM
Probably the coin was good at that time but now that coin has lost it value it is better you look for another promising coin to invest. Because before that coin will hit $1 again it is not anytime soon. I don't know if this the correct coin price $0.6623 because when I checked there are related management price Aavemana and others. And now that the cryptocurrency market is booming yet the manager coin is still like that then is it not advisable to invest in it.
Title: Re: what do you guys think about Mana?
Post by: IvugeoEvolutionCoin on March 05, 2024, 05:20:58 PM
Well, I think this is one Altcoin that is very dangerous because no one can provide guarantees regarding Altcoin price movements, so I prefer to give advice to avoid Altcoins like this, look for Altcoins that have product development that is useful for the people so that they will have demand. which is high and can provide quite good selling value.
Title: Re: what do you guys think about Mana?
Post by: Lucius on March 05, 2024, 06:11:06 PM
~snip~
Actually this is a potential project with interesting concept. But, well, once the hype is  over, the progress to survive and maintain the uptrend is very difficult.


Never say never, but when you look at the chart, you can clearly see that a major pump occurred at the end of 2021 and since then everything has gone downhill, as it usually does. Whoever is behind that project probably made a lot of money at that moment, and has probably made many more such projects since then.

If someone is already investing in projects like this, I would personally look for something new, because there is a much higher chance of earning - although as we can see, you need to hit the right moment.
Title: Re: what do you guys think about Mana?
Post by: Gladitorcomeback on March 05, 2024, 08:46:05 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?

I haven't been following it lately, but I remember that when it was being highly hyped, it was due to the decentraland project where MANA was used as the native token for buying and selling assets such as lands and other items in the metaverse project, and at that time, these projects were very much popular and a lot of people were investing money in them.

If we talk about the present, I barely see MANA in the top lists in any major exchanges, maybe once or twice in months when it manages to gain some organic growth but it isn't a trending project anymore.
Title: Re: what do you guys think about Mana?
Post by: Wiwo on March 05, 2024, 08:52:29 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?
Frankly speaking, I don't believe in coin hypes and as a matter of fact, I don't risk my money in investing in a coin that have raised and fall drastically in the past, I prefer to join a coin that is at it first stage of market expusoer reasons being that, I feel more comfortable and highly expectant in suce coins.

If you check very well you will see traces of high possibilities that mana may not ride with the next bull market, because at the moment there is no sign of the picking up along with current market.
Title: Re: what do you guys think about Mana?
Post by: JoyMarsha on March 05, 2024, 10:09:23 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?
I don't see Mana as one of the abandoned projects that its time has faded away in the crypto market because it doesn't.

The majority of altcoin projects that were in existence before the last bull run(2021) gave an ATH as of then. And many depreciated following bitcoin when the bull run was over. There are indications that many will also rise in price as the bull run comes this year, as it has already started ''bitcoin touching $69k today''. Although it has declined to $61k

Today, Mana skyrocketed to 0.710 because of bitcoin's uptrend movement and the same today it has fallen to 0.597 because bitcoin fall in price. That's one thing about altcoins, following the movement of bitcoin price direction(uptrend and downtrend).

When bitcoin would skyrocket much higher in price, expect Mana to do the same by giving a price that is above the previous ATH of $5
Title: Re: what do you guys think about Mana?
Post by: FOKA33 on March 06, 2024, 08:52:22 PM
Mana is used to pay for a wide range number of names, wearable on the decentraland market place. It is a metaverse built and owned by its users to pay for virtual plot of land in decentraland as well as in the world goods and services.
Ath as at 2021 was $5-$6
ATL as at now is $0.6
Though MANA has a greater potentials in the crypto world and Sooner  it will go bullish in next crypto bullrun.
Title: Re: what do you guys think about Mana?
Post by: examplens on March 07, 2024, 01:39:39 AM
Never heard of MANA  :o

What I noticed based on previous bull runs, is that there are very few altcoins or tokens that have repeated serious growth in the next cycle.
In 2017-18 I had a lot of favourites, some of them achieved really big growth and profit. I almost checked some of them, which also showed a lot of promise, almost all of them are worthless and negligible today. That's why I'd rather look for something new.
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 07, 2024, 01:55:13 AM
That's why I'd rather look for something new.

I agree, new projects are more likely to succeed . I am looking for a "good" shitcoin to make 1000% easy, but I haven't found any good opportunity yet. Missing all opportunities so far;...
Title: Re: what do you guys think about Mana?
Post by: examplens on March 07, 2024, 01:59:59 AM
I agree, new projects are more likely to succeed . I am looking for a "good" shitcoin to make 1000% easy, but I haven't found any good opportunity yet. Missing all opportunities so far;...

If you find something, let me know. Maybe it's time for me to retire  ;)
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 07, 2024, 10:52:32 AM
I agree, new projects are more likely to succeed . I am looking for a "good" shitcoin to make 1000% easy, but I haven't found any good opportunity yet. Missing all opportunities so far;...

If you find something, let me know. Maybe it's time for me to retire  ;)

Retire? Got a big bitcoin stash already?
I am almost there :)

But I am affraid of needing more money than expected in the future
Title: Re: what do you guys think about Mana?
Post by: examplens on March 07, 2024, 11:20:51 AM
Retire? Got a big bitcoin stash already?
I am almost there :)

But I am affraid of needing more money than expected in the future

Unfortunately, I don't have a enough supply of Bitcoins. That's why I hate this bull run and everything that's happening these days.  :(
I'm just tired of chairs, monitors and any displays.  ;)
Title: Re: what do you guys think about Mana?
Post by: Lucius on March 07, 2024, 06:04:51 PM
Unfortunately, I don't have a enough supply of Bitcoins. That's why I hate this bull run and everything that's happening these days.  :(
I'm just tired of chairs, monitors and any displays.  ;)


How much is really enough? Everyone very likely started with the idea of owning at least 1 BTC, later surely thought it would be good to have at least 2 BTC, and then imagined how nice it would be to have at least 5 BTC because that's a nice round number. Realistically, for those who live in Europe, the US or Japan, even 5 BTC does not represent some kind of satisfactory "retirement package" with which they could live comfortably for the rest of their lives.

There is a good strategy to increase the amount of BTC that has worked very well so far, and all you have to do is sell at the peak, then wait for the absolute bottom to happen and then buy again. The one who, for example, had 5 BTC and sold them in the last bull run for, say, $70k a piece, earned $350k - and if he saved that money and used the best of the bear market, he could have bought at least 15+ BTC at an average price of $20 which are worth about $1 million today.

Not bad, of course for those who are patient and who know how to refrain from spending money in the meantime ;)
Title: Re: what do you guys think about Mana?
Post by: examplens on March 08, 2024, 12:21:30 AM
How much is really enough? Everyone very likely started with the idea of owning at least 1 BTC, later surely thought it would be good to have at least 2 BTC, and then imagined how nice it would be to have at least 5 BTC because that's a nice round number. Realistically, for those who live in Europe, the US or Japan, even 5 BTC does not represent some kind of satisfactory "retirement package" with which they could live comfortably for the rest of their lives.


I guess it depends on how long someone plans to live.  :D

Quote
There is a good strategy to increase the amount of BTC that has worked very well so far, and all you have to do is sell at the peak, then wait for the absolute bottom to happen and then buy again. The one who, for example, had 5 BTC and sold them in the last bull run for, say, $70k a piece, earned $350k - and if he saved that money and used the best of the bear market, he could have bought at least 15+ BTC at an average price of $20 which are worth about $1 million today.

Not bad, of course for those who are patient and who know how to refrain from spending money in the meantime ;)

In theory, this sounds like a good scenario and quite achievable, but it is not easily feasible in practice. Maybe for someone who has 10+ BTC or certain stocks of other money, so he can afford to risk with 5. I believe that there were such cases.
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 08, 2024, 01:11:49 AM
There is a good strategy to increase the amount of BTC that has worked very well so far, and all you have to do is sell at the peak, then wait for the absolute bottom to happen and then buy again. The one who, for example, had 5 BTC and sold them in the last bull run for, say, $70k a piece, earned $350k - and if he saved that money and used the best of the bear market, he could have bought at least 15+ BTC at an average price of $20 which are worth about $1 million today.


That is possible to multiply your btc stash. It is also a bit risky.

Personally, I have sold nearly 1 btc in the last bull run, and I rebought it again for lower prices, but I didn't made a lot of money in that trade... And I didn't bought more than I had earlier.

I will try to be more agressive in this bull run. Let's see if it works.
Title: Re: what do you guys think about Mana?
Post by: Lucius on March 08, 2024, 11:46:39 AM
In theory, this sounds like a good scenario and quite achievable, but it is not easily feasible in practice. Maybe for someone who has 10+ BTC or certain stocks of other money, so he can afford to risk with 5. I believe that there were such cases.

That is possible to multiply your btc stash. It is also a bit risky.
~snip~


It has worked so far, and of course no one says that it is necessary to sell all the BTC you have, maybe the risk is worth 1-2 BTC, which can then be turned into 5-6 BTC with a smart strategy. Of course, now that we have spot ETFs, the question arises whether they will stabilize the price and thus make the correction smaller than in the past, or whether Bitcoin will again lose 70% or more of its value in the next bear market.

I agree that it is much easier to buy some altcoin at some ridiculous price and hope that it will be pumped up x1000. But as they say, those who don't take risks don't profit.
Title: Re: what do you guys think about Mana?
Post by: Cryptsafe on March 08, 2024, 02:20:33 PM
I heard about this token sometimes last year but I did not see it as that project with good potentials but a shitcoin. It became abundantly clear to me when it reached $5 that I could have invested in it because I got to hear about it at the earliest stage of development but I ignored it as a result of my experience with other projects. However, I believe it would still bounce back since it was able to reach all time high of $5. I believe it might likely exceed that price this bull run.
Title: Re: what do you guys think about Mana?
Post by: Stompix on March 08, 2024, 03:12:59 PM
I am looking for some explosive shitcoin to make huge gains...
~
Is it abandoned project or do you guys see any potential.?

So, let me get this right, when you say potential you mean one huge pump and that's it?
Possible but now on its own and mainly because elf a hype with metaverse things, but with the whole trend not really getting any momentum even as we speak and more and more of those popping up and dying the next day I don't think  you will be able to nail exactly the coin that gets the pump, so maybe pick some more , do an average, and then hope FB starts another hype?

I guess it depends on how long someone plans to live.  :D

Bruh, this is dark!  :-\

Realistically, for those who live in Europe, the US or Japan, even 5 BTC does not represent some kind of satisfactory "retirement package" with which they could live comfortably for the rest of their lives.

If they were to sell now and then live for 10 years, you still have around $3000 a month.
Assuming you have at least a middle income pension, some 401k, you own your house you could be living it way above average around Europe.
Planning on 25 years, no, and, there is the inflation, and maybe rising cost for basic goods, and so on!
Title: Re: what do you guys think about Mana?
Post by: Lucius on March 10, 2024, 04:59:31 PM
If they were to sell now and then live for 10 years, you still have around $3000 a month.
Assuming you have at least a middle income pension, some 401k, you own your house you could be living it way above average around Europe.
Planning on 25 years, no, and, there is the inflation, and maybe rising cost for basic goods, and so on!


Considering that life expectancy in developed countries is getting longer and longer (at least that's what they claim), and that everything we need for life will be more and more expensive, those 5 BTC don't seem enough to me at the moment, but if the price reaches about $200k or more, we are still talking about 1 million euros or US dollars, which is not so bad even for, say, 25 years of life.

As one famous character said, "This time next year, we will be millionaires" :D
Title: Re: what do you guys think about Mana?
Post by: jeraldskie11 on March 10, 2024, 05:13:27 PM
I am looking for some explosive shitcoin to make huge gains...

I remember that mana had a huge hype in last cycle. The price reached 5 usd, and now it is 0.5 but still in 72 postion in coinmarketcap.com

Is it abandoned project or do you guys see any potential.?
No, it's not an abandoned project. If you look at their social media such as twitter account you can see that they keep updating or posting. Technically, I don't see any huge pump coming on Mana because I don't see a good structure in the chart. However, technical analysis alone won't work 100% but also it should be with fundamentals. In my opinion, if ever the price of Bitcoin surpasses $70k or continue to go up, there is a great chance that price of mana will hit $1 or more.
Title: Re: what do you guys think about Mana?
Post by: Stompix on March 10, 2024, 05:50:32 PM
Considering that life expectancy in developed countries is getting longer and longer (at least that's what they claim), and that everything we need for life will be more and more expensive, those 5 BTC don't seem enough to me at the moment, but if the price reaches about $200k or more, we are still talking about 1 million euros or US dollars, which is not so bad even for, say, 25 years of life.

As one famous character said, "This time next year, we will be millionaires" :D

I think that it's still a big difference between European countries and even US states, retiring with 5BTC in the UK might not be as comfortable as in Romania or Bulgaria, and the same would be for Louisiana and California. Average wage in Romania is under $1000 (I think?!), so 5btc would still get you 350 months of "average" whatever that is there, 60+35 common, that's being optimist!  But if we move just a bit north west and a two bedroom in not the best Prague neighborhood but still a nicely placed spacious comfy one will chew that on its own

So...retire and go east, south...or salvador?  ;D Probably Haiti will also give a bang for the buck   ;D ;D
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 10, 2024, 07:48:29 PM
So...retire and go east, south...or salvador?  ;D Probably Haiti will also give a bang for the buck   ;D ;D

The problem with going to developing countries is that you have to pay everything on your own. Heath care is very expensive, specially when you get older.
In Brazil, a good health care plan for someone with 70+ years old may reach $1500-2000 USD per month...  Ofc most people can't afford it, but will you retire early and reduce your life expectancy?

School for children is also very expensive, but free in basically all developed countries.

Leaving in a place like Portugal, Spain, where you don't have to pay for education and health might be way cheaper in long term. Many people in Brazil move to Portugal to retire.
Title: Re: what do you guys think about Mana?
Post by: Stompix on March 10, 2024, 09:43:24 PM
In Brazil, a good health care plan for someone with 70+ years old may reach $1500-2000 USD per month...  Ofc most people can't afford it, but will you retire early and reduce your life expectancy?

Waiiiiiiiitttt a minute!
What do you mean health care plan, just the health related treatment being covered up full or full housing and healthcare?
That is incredible high, an avenge retirement house with heath coverage would be at the 1500-2500 in Germany and Osterreich, 2000 euros in Czech Republic can get you full health, meals, 1 room, assisted mobility and social programs.

Many people in Brazil move to Portugal to retire.

You've got to be kidding me!!!?
How would a 1500 euro wage (income) so 1500 in your wallet after taxes look in Rio or Sao Paulo? 
You got me thinking...on tooo much stuff! ::)
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 11, 2024, 02:32:07 AM
In Brazil, a good health care plan for someone with 70+ years old may reach $1500-2000 USD per month...  Ofc most people can't afford it, but will you retire early and reduce your life expectancy?

Waiiiiiiiitttt a minute!
What do you mean health care plan, just the health related treatment being covered up full or full housing and healthcare?
That is incredible high, an avenge retirement house with heath coverage would be at the 1500-2500 in Germany and Osterreich, 2000 euros in Czech Republic can get you full health, meals, 1 room, assisted mobility and social programs.

Many people in Brazil move to Portugal to retire.

You've got to be kidding me!!!?
How would a 1500 euro wage (income) so 1500 in your wallet after taxes look in Rio or Sao Paulo? 
You got me thinking...on tooo much stuff! ::)

This is why developing country are completely fucked up. lol

I know that in Portugal you can just get free health, go to hospitals for free, free school for the kids.
you can't do this here, because public hospitals do not work. You will just die if you need assistance. Public schools are completely broken as well.

Things are expensive, more taxes, nothing free from government, etc...

If you retire with a 1500 USD in Rio or Sao Paulo you are fucked up. Those are the two most expensive cities here. You will probably expend all that money just to eat, rent and you won't have enough to pay for a health insurance (if you are an old guy. Young people have cheap Health Insurance). You can move to an area with higher crime rates which are cheaper...

You can live in a small town in the countryside , where things are cheaper and you will be able to afford a place with lower crime rates,  but I wouldn't retire with such income.

With that income, I think it would be safer to move to Portugal for example.

https://www.theportugalnews.com/news/2022-04-13/brazilians-living-in-portugal-at-all-time-high/66371
https://www.imidaily.com/intelligence/whats-causing-the-surge-in-brazilian-emigrants-to-portugal/

Quote
Official information shows that the immigration of Brazilian nationals to Portugal has been growing for six consecutive years and reached 211,000 people last month.
Title: Re: what do you guys think about Mana?
Post by: 0t3p0t on March 11, 2024, 04:45:11 PM
Quote
The cryptocurrency market is reeling from the recent allegations made by the U.S. Securities and Exchange Commission (SEC) against Binance and Coinbase. Accused of mishandling customer funds, misleading investors, and violating securities regulations, these accusations have sent shockwaves through the industry. As a result, the price of Decentraland, a prominent token, has experienced a significant crash, leaving investors fearful of an impending further decline.
Source: https://cryptoticker.io/en/mana-price-crash/

I came across to this article here and maybe it helps but I am not sure about the legitimacy and credibility of that site.

For me mana is underrated and will probably make some significant increase in Altcoin season so maybe it is also one of the best choice for it's price. Though this is only based on my observation and speculation but yeah it's worth a try. I think maybe you can invest on it for long term purposes
Title: Re: what do you guys think about Mana?
Post by: Stompix on March 14, 2024, 02:04:39 AM
This is why developing country are completely fucked up. lol

Well, I knew was bad but now, you just painted a worse and weirder picture than I imagined.

Quote
Official information shows that the immigration of Brazilian nationals to Portugal has been growing for six consecutive years and reached 211,000 people last month.
[/quote]

Repeating, you have got to be *****!
Before this I read (reddit) that 7k BRL was enough to live the average not so troublesome life in SP, so things get worse when you're older, damn the exact opposite of here, basically unless you're addicted to some strong stuff expenses halve.

Source: https://cryptoticker.io/en/mana-price-crash/
I came across to this article here and maybe it helps but I am not sure about the legitimacy and credibility of that site.

Why question the credibility, it's a year old article and all that is stated there was true, the price did crash, it rose to $5.19  in 2021 and at the time of the article did go to down to 33 cents, losing 93% , and it's still -87.19% from it's ATH even now.
Title: Re: what do you guys think about Mana?
Post by: bitmover on March 14, 2024, 10:43:21 AM

Repeating, you have got to be *****!
Before this I read (reddit) that 7k BRL was enough to live the average not so troublesome life in SP, so things get worse when you're older, damn the exact opposite of here, basically unless you're addicted to some strong stuff expenses halve.


You really can live with 7k brl.

But your Kids will study in public schools (they won't have any future), and you will have problems to pay for health care when you are older.