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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail investor accounts lose money when trading CFDs with this provider.

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Decentraland (MANAUSD): Live Price Chart

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About

History

Why trade?

About

History

Why trade?

Mana Coin is the cryptocurrency used in Decentraland, a virtual reality world built on Ethereum blockchain technology. Mana coin enables users to purchase virtual land and resources using a secure, trustless system. It provides flexibility for developers to create their own experiences within Decentraland without relying on any centralized authority or service provider.

With its decentralized and trustless nature, Mana Coin provides users with the freedom to trade, build, and explore within Decentraland without relying on any middleman. Additionally, it offers an incentive for users to actively engage in the Decentraland economy by rewarding holders of Mana Coins with rewards generated from transactions made in Decentraland.

Mana Coin has been on an incredible journey in the last 5 years. Starting off from its lowest price of 0.0229 back in March 2020, it quickly rose to its highest-ever price of 4.6933 by November 2021. Since then, Mana Coin has settled around the 0.5 mark as of May 2023.

While its price has been relatively stable, Mana Coin's utility as an in-game currency for Decentraland has helped to keep demand and usage high. It could still be seen as a risky investment, but Mana Coin does have the potential to appreciate in the longer term. As Decentraland continues to grow and develop, Mana Coins’ value could increase accordingly. Therefore, traders should keep an eye on both Decentraland and Mana Coin in order to make informed decisions about their investments.

Mana Coin has several advantages that make it attractive to traders. For one, it is easy to purchase and trade; its value is pegged to the US Dollar, making it easy to evaluate and monitor. Additionally, Mana Coin has low transaction fees compared to other crypto assets. This makes it a good choice for traders who are looking to capitalize on short-term price movements.

While Mana Coin may offer attractive advantages, it is important for traders to consider the risks associated with trading this asset. For instance, because Mana Coin is a relatively new cryptocurrency, its liquidity may be lower than that of more established tokens. If traders are looking for alternative crypto assets to trade, they can consider Ethereum, Bitcoin, Litecoin and Ripple. All of these coins have their own set of advantages and potential risks, so it is important for traders to do their research.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.

Crypto CFD
Physical Crypto
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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