Cryptocurrencies are booming becoming a relevant digital asset today to such a degree that some companies and States have encouraged its use despite not having any regulation or guarantee. Among the countless cryptocurrencies that have emerged, a few stand out, among them decentraland.
Decentraland is a three-dimensional virtual reality platform supported by Ethereumanother of the most well-known cryptocurrencies on the market, where users are the owners instead of some corporation.
The value of decentraland cryptocurrency For today at 10:00 hours (UTC) it is 0.33313 dollars per unit.
This means that the digital currency reported a change of -1.45% in the last 24 hours as well as a variation of 0.04% in the last 60 minutes .
Currently, decentraland is ranked #101 in popularity in the digital market. It is worth mentioning that the historical maximum that this digital currency has reached is $5.902317 per unit.
Virtual currencies 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 require intermediaries in transactions.
For this reason, 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.
However, little by little they have opened the way to such a degree that companies, millionaires and even governments have encouraged or legalized its 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, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.
Currently there are several 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 their cost to increase.
To buy any of the cryptocurrencies that exist in this unregulated market you have to go to specialized portals.
It is worth mentioning that the cost of each of these digital currencies 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 any cryptocurrency, the higher its value 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.
