MANA, the native token of the Decentraland ecosystem, is one of the best performers among the top 50 cryptocurrencies.
The cryptocurrency market has performed brilliantly since the beginning of the week. The total crypto market cap has increased by more than $200 billion in the past two days and is currently around $1.9 trillion.
Bitcoin appears to be breaching the USD 45,000 resistance level after its recent rally. MANA, the native token of the Decentraland ecosystem, has added more than 12% to its value today.
MANA is one of the top performers among the top 30 cryptocurrencies by market cap. The token has rallied since JPMorgan announced it would be the first major bank to set up a base in the Metaverse.
JPMorgan said it will open a lounge in Decentraland. Christine Moy, head of crypto and the metaverse at JPMorgan, said the bank is excited by the prospect. She emphasized:
“There is a lot of customer interest in learning more about the Metaverse. We've put together our whitepaper to help clients cut through the noise and highlight what the current reality is and what needs to be built next across technology, commercial infrastructure, privacy/identity and workforce to realize the full potential of our maximize life in the Metaverse."
Important levels at a glance
The MANA/USD 4 hour chart is one of the most bullish among the top 30 cryptocurrencies by market cap.
The MACD line has crossed the neutral zone, which indicates strong bullish momentum for MANA at this time. The token's 14-day RSI of 78 shows that MANA will enter overbought territory soon.
At press time, MANA is trading at $3,191. If the rally continues, MANA will surpass the first major resistance level of $3.57. However, MANA will need the support of the broader crypto market if it is to trade above $4 for the first time since last year.
My Top PicksHoneygain - Passive earner that pays in BTC or PayPalMandalaExchange -The Best no KYC crypto Exchange!
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAIWomplay - Mobile dApp gaming platform that rewards in EOS and BitcoinCointiply - The #1 Crypto Earning SiteLiteCoinPay -The #1 FaucetPay earner for LitecoinUpland - Collect Digital Properties & Test Your SkillsLBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!FaucetPay - The #1 Microwallet PlatformFREEBTC - The #1 FaucetPay earner for Satoshi'sFaucetCrypto - An earning/faucet site that pays out instantlyFireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily