Bearish short term but Bullish long term
We saw from my last analysis when I said we may revisit the $3.2 range. However, during the dumping time with BTC downside, and all senate talk about future of crypto, there are many things people have let it slide away.
Decentraland just is the Patron of Blender Development Fund, the Blender is the major 3D model creator that is free for use by anyone under GNU. Meaning you can legally use the software to create any figures or anything and sell it without string attached to the Blender. If you saw the NFT hype, then you would need to understand the underlying violation of copyright and the right of usage of certain software to bale to make monetize out of it. It is basically a strong legal battle that surely uncle Sam/ big Coop will win if you accidentally use the crack software or non-commercial software to create the NFT for monetization. Blender is the one under GNU licencing which is free for most of the meaning of usage. So Decentraland is the supporter of Blender which facilitate the growth of NFT items in the metaverse.
Decentraland just pumps out the Golf course in the Vegas City within Decentraland. Here not only you can gamble but practice your golf skill with your VR set.
Decentraland can take any NFT to be put into their world. One of the main reasons for the Nov 30 run of MANA is because SAND items were ported into the Decentraland world and used for the festival event.
And here we are at the spot where MANA is going lower than $4 after an attempt to go higher. I would consider this is a long position where the MANA might try to break the trend downward, but as it gets lower, it is a better price to accumulate for the next bull run!
This is not financial advice, but my perspective of the current trend of Decentraland!
Decentraland just is the Patron of Blender Development Fund, the Blender is the major 3D model creator that is free for use by anyone under GNU. Meaning you can legally use the software to create any figures or anything and sell it without string attached to the Blender. If you saw the NFT hype, then you would need to understand the underlying violation of copyright and the right of usage of certain software to bale to make monetize out of it. It is basically a strong legal battle that surely uncle Sam/ big Coop will win if you accidentally use the crack software or non-commercial software to create the NFT for monetization. Blender is the one under GNU licencing which is free for most of the meaning of usage. So Decentraland is the supporter of Blender which facilitate the growth of NFT items in the metaverse.
Decentraland just pumps out the Golf course in the Vegas City within Decentraland. Here not only you can gamble but practice your golf skill with your VR set.
Decentraland can take any NFT to be put into their world. One of the main reasons for the Nov 30 run of MANA is because SAND items were ported into the Decentraland world and used for the festival event.
And here we are at the spot where MANA is going lower than $4 after an attempt to go higher. I would consider this is a long position where the MANA might try to break the trend downward, but as it gets lower, it is a better price to accumulate for the next bull run!
This is not financial advice, but my perspective of the current trend of Decentraland!
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