Bear Market Shakes Decentraland (MANA) and Shiba Inu (SHIB) While Degrain Rises
The post Bear Market Shakes Decentraland (MANA) and Shiba Inu (SHIB) While Degrain Rises appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide
Decentraland (MANA) and Shiba Inu (SHIBA) were among the biggest casualties of the famous 2022 bear run of the crypto world. After showing much potential as mid-May approached by hitting an impressive $1.35, Decentraland (MANA) fell to $1.05.
The Shiba Inu (SHIBA) was no exception, taking a massive hit from the bearish run and dropping by more than 80%. No other coin dropped by more than 80% among the top 20.
Now, investors are seeking alternatives in Degrain, which analysts believe to be the next big thing in the crypto space.
Running on blockchain technology, Decentraland’s native token, MANA, is the official tender of the virtual reality platform. As a result, users can make real estate purchases on the Decentraland (MANA) virtual platform as NFTs while retaining full ownership.
As of August 2nd, 2022, the Decentraland (MANA) price is $0.96 with a $270,515,060 trading volume. Experts predict that the price of the MANA token could rise to $1.09 before the year ends.
Shiba Inu (SHIB)
Shiba Inu (SHIB) came on the scene in 2020 as an alternative to DogeCoin, which achieved a largely unexpected breakthrough in the virtual currency space. Shiba Inu (SHIBA) saw massive price gains in May 2021 and a bigger spike in October of the same year. However, afterward came the unprecedented 80% free-fall for the Shiba Inu token, SHIBA, enough to scare its investors.
The current July 18th price for Shiba Inu (SHIBA) is $0.000012. However, analysts predict that the coin will reach a maximum cost of $0.00001501 and a minimum of $0.00001307 for the rest of 2022. Time will tell whether an investment in Shiba Inu (SHIBA) could be profitable.
Degrain (DGRN): Holding Sway Over Decentraland (MANA) and Shiba Inu (SHIBA)
Degrain (DGRN) is already staking its claim as the new dominant force in the virtual currency market. However, for the first time, investors will get the opportunity to benefit from a cross-chain NFT platform.
Degrain also provides the much-needed NFT fractionalization that provides a level playing field for every trader class. Degrain’s presale is still on providing entry to the Degrain token at potentially extremely profitable prices. Presale investors get benefits such as 100% discount on platform trading fees, as well as potential access to the Degrain membership club.
Some analysts predict a 5,000% rise in price could see it rise to $3.
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