How much does the decentraland cryptocurrency cost this June 11

How much does the decentraland cryptocurrency cost this June 11
How much does the decentraland cryptocurrency cost this June 11

In the Decentraland metaverse, users can use cryptocurrency to acquire virtual plots of land or create content (such as NFT works) and sell it. (Infobae)

Decentreland is a three-dimensional virtual reality platform supported by Ethereumwhere you need your cryptocurrency to carry out any type of purchase, which is identified with the acronym MANNA.

In the decentraland metaverse Users can create, experience and monetize content as well as applications. One of the main features of the platform is the ability to acquire land in its virtual reality, build on it and eventually monetize.

Unlike other platforms, in decentraland the users are the owners instead of some corporation . Since MANA is the official virtual currency in the decentraland metaverse, it is important to know its value in the market.

The price of decentraland cryptocurrency For today at 10:00 am (UTC) it is 0.406558 dollars per unit.

This means that the digital asset recorded a change of -2.95% in the last 24 hours as well as a variation of -0.15% in the last hour .

Currently, decentraland is in the #99 place of popularity in the digital market. It is worth mentioning that the historical maximum that this digital currency has reached is 5.902317 dollars per unit.

Cryptocurrencies are currencies that do not physically exist and, unlike currencies such as the dollar, the euro or the peso, they are not regulated by any institution and do not need intermediaries in transactions.

Physical representations of various cryptocurrencies. (REUTERS/Edgar Su)

Consequently, they are regularly not viewed favorably by the formal market and are accused of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among others.

Even so, little by little they have opened the way to such a degree that companies, millionaires and even governments have encouraged or authorized their use.

These cryptocurrencies work through cryptographic encryption that guarantees the security of transactions., as well as the control of the creation of its units. To make transactions, virtual currencies use a decentralized database, blockchain or shared ledger.

Currently there are different cryptocurrencies in this unregulated market, however, the pioneer was Bitcoin, created in 2008, with it others emerged such as litecoin, ethereum, bitcoin cash, ripple, dogecoinsome of the most popular.

One of the richest men in the world, Elon Muskhas made comments in favor of cryptocurrencies such as bitcoin and dogecoin, even temporarily accepting the digital currencies at his electric car company Tesla, which has caused its value to increase.

To buy any of the cryptocurrencies that exist in this unregulated market you have to go to specialized websites.

Presentation of a bitcoin ATM in San Salvador, El Salvador, on June 24, 2021. (REUTERS/Jose Cabezas)

It is worth mentioning that the cost of each of these digital assets varies depending on supply and demand, as well as the commitment of the users themselves, which can cause abrupt changes.

This means that the more people are interested and want to acquire a given cryptocurrency, the higher its price will be and vice versa.

However, anyone who invests in this type of digital currency must be very clear that this form brings with it a high risk to capitaljust as there may be an increase, it may also unexpectedly have a crash and wipe out the savings of its users.

 
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