I've followed MANA for a while now.Over the last 9 months they've had an average of 200-350 daily active users.For a game that's worth $8bn it's MASSIVELY overvalued.Only this week has their userbase increased to over 1k but I don't see that being sustained due to how expensive Land sales are - which are at a very low volume btw.You can see the active user data yourself here:https://ift.tt/3cvmRzd this to a game like VRChat who's got 1m daily active users. VRChat is only worth about $1-2bn based on their last funding round.There's no logical reason that a metaverse game with only 0.1% of the userbase of VRChat is worth 4x more than it.This thing pumped due to Zucks little speech, but before that it was never close to it's ath from before. It's a dead metaverse waiting to be dropped.You've been warned.Edit:To be clear. You can't buy fucking VRChat tokens. It's a Non-blockchain project. I'm not shilling VRChat cuz you can't buy it. I'm highlighting just how idiotic Manas market cap is compared to better projects.
Submitted November 20, 2021 at 03:11AM
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