Decentraland metaverse’s native token MANA (CRYPTO: MANA) is trading down by over 4% in the last 24 hours, falling sharper than Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). However, if an investor grabbed the coin when it launched, they could have had a potential profit in hand.
What Happened: MANA was launched with an initial coin offering of $24 million, which was opened to the public in Feb 2020.
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Since its launch in 2020, MANA climbed from $0.035 to its current price of $0.63 in just three years.
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An investment of $100 in MANA at the time of launch would have earned you 2857.14 MANA, which today would be worth $1800 — that's a potential return on investment of 1,700%.
In January, the surge in the price of MANA was driven by the growing speculation in the industry surrounding the potential launch of Apple's mixed-reality headset.
This story was originally published on Jan. 18, 2023.