Decentraland is a decentralized virtual reality platform built on the Ethereum blockchain. Users can buy, sell, and build properties such as land and real estate while interacting with others. Decentraland utilizes the Ethereum blockchain to power its unique LAND NFT and in-game currency, MANA. Decentraland’s MANA token has many applications, including paying for in-game avatars, wearables, in-game lands, and other assets on the marketplace.

MANA/USD Price on ReHold

The price on ReHold is constantly updated and determined through the cryptocurrency oracle, Chainlink. After attaining its peak in 2021, MANA/USD has been on a downtrend and has a market price of $0.337 at the time of writing. Decentralization in MANA/USD price determination ensures that problems such as price manipulation, spikes, and slippages in centralized exchange (CEX) products are avoided.

How to Earn Passive Income on MANA

There are several ways to earn passive income on MANA, but staking on centralized and decentralized exchanges is the most popular. However, the low APRs limit the potential for earnings. Through MANA Duals, ReHold allows its users to earn up to 120% APR on its platform. Some of the MANA pairs you’ll find are MANA/USDT, MANA/USDC, and MANA/DAI. ReHold offers a user-friendly platform for investors to monitor their MANA investments and earn passive income.

Decentraland (MANA) Price Prediction

Predicting the price of Decentraland's (MANA) cryptocurrency can be challenging as several factors influence it. One critical factor for driving MANA token adoption will be if the platform becomes more compelling to increase user adoption, which would, in turn, increase demand for MANA since it's the currency for transactions. Additionally, partnership and integration between Decentraland and other notable companies in and out of the web3 space will drive user adoption, hence contributing to the value of Decentraland (MANA).

If these factors are present, it's reasonable to predict that the price of MANA will increase in the future. However, it's important to keep in mind that the cryptocurrency market is highly volatile and price forecasts should be taken with caution.

MANA Value

The value of MANA is also driven by supply and demand, just as other tokens and cryptocurrencies in the marketplace are but importantly through its utility in the Decentraland ecosystem. As the use cases for MANA, such as creating virtual events and purchasing digital assets, become more popular, the value of MANA is likely to increase significantly.

120% APR on MANA Duals

ReHold allows its users to earn up to 120% APR on its platform through MANA Duals. Users can earn rewards by staking MANA while participating in the network's security and governance. This makes the Dual Investment a top choice for passive investors seeking a high-yield earning solution.

How to Earn 120% APR on Decentraland (MANA)

If you're interested in earning passive income on Decentraland, ReHold offers a unique DeFi earning solution. You can earn 120% APR on pairs such as MANA/USDT, MANA/USDC, and MANA/DAI using the innovative ReHold protocol at Dual Investments. Follow these six easy steps to try it out:

Connect your wallet Open the ReHold App and connect your web3 wallet. You can choose any web3 wallet that supports BNB Chain, Polygon, Avalanche, Optimism, and Arbitrum.
Choose the Decentraland (MANA) Dual asset Select the dual you need: MANA/USDT, MANA/USDC, and MANA/DAI. You can start a dual investment with each token of the pair.
Choose a staking period Select how many hours you want to lock your tokens. The longer the staking period, the higher the yield you will receive.
Choose the start token Select the start token and the amount you want to invest. You can use the Decentraland (MANA) token or USDT, USDC, DAI of the dual asset.
Approve the token To start a Dual Investment, you need to allow smart contracts to use your tokens. It's required only once for a selected token.
Start your Dual Click “Start Now” to create your Decentraland (MANA) dual and receive your reward after the staking period. That's all! Your Dual is created, and at the end of the staking period, you can take your assets back to your wallet or open a new Dual. Also, if you are interested in long-term investing, you can activate the auto-replay feature, and your dual will automatically start when the staking period ends. This will save you gas, simplify the passive income process, and increase your earnings.