Has Metaverse Web 3.0 Lost Steam? Competition in NFT Trading Platforms Stakes MANA vs HBAR vs DGRN Aug, 2022

2 min read

Metaverse platforms measure success by the number of users/visitors interacting on their respective projects. Using NFT and smart contracts provides users the security and ability to invest time and cash into tokenized Web 3.0 worlds. Major brands have taken positions in the Web 3.0 platforms in anticipation of revenue-generating merchandise and advertising. So whether the NFT Metaverse platforms are based on gaming, gambling, virtual real estate, or NFT sales is yet to be determined as a “matter of fact.”

To be successful in the world of crypto, you need to spot trends from a mile away and tell when a project is giving blue-chip vibes. Truly, spotting a good project is no mean feat given how many scams are out there today, but it is easy to get the correct information if you know where to look.

In this article, let’s discuss a potential blue-chip named Dthat has been performing well while older tokens with more significant followings like Decentraland (MANA) and Hedera (HBAR) are struggling.

Decentraland (MANA): Down More than 80% from All-time High

is a virtual reality platform that operates on the EthereumDecentraland (MANA) allows users to create, experience, and monetize the content and applications they create. Decentraland (MANA) is one of the native tokens of the platform, and the second is known as LAND.

While MANA has risen from a low of .75 cents on July 13th, 2022, to achieve and hold a price point of $1.12, which has participants looking for the trend reversal to take hold, Decentraland and like Metaverse platform communities are still struggling to define what the Metaverse is within the Web 3.0 worlds.

Related: Decentraland Metaverse Development Options

These are the early days of the Metaverse, and for Decentraland (MANA), as it is not mainstream yet, many are skeptical about investing in metaverse projects like Decentraland (MANA). Those investors have been worried as the Decentraland (MANA) token has fallen more than 80% from its all-time high. What does the future hold for Decentrland (MANA)? Time will tell. Many Decentraland (MANA) holders have sold to buy into the Degrain (DGRN) presale.

Hedera (HBAR): Shows No Sign of Recovering from the Downward Trend

is a unique platform because it was not built on a typical blockchain. Instead, Hedera (HBAR) uses a new type of distributed ledger technology called a Hashgraph. This technology makes it faster, more cost-effective, and very scalable.

Hedera search volume over the past year has fallen from 15,700 monthly searches in April 2021 to just over 6,900 for August 2022. The trend doesn’t appear to be regaining any substantial positive movement to regain the once popular search volume.

Hedera price action has taken a significant hit over the past year, falling from an all-time high of over .50 cents to .07 on August 8th, 2002.

Hedera (HBAR) is currently worth $0.07, and Hedera (HBAR) has been on a downward trend for most of the year. Despite that, like other coins, Hedera (HBAR) has taken a solid hit in the current market cycle. The continued fall may signal many investors to exist, and if they all turn their backs on Hedera (HBAR) now, it may never come back from it.

Degrain (DGRN): Predicted to be the Best Investment of 2022


Degrain (DGRN) is an upcoming cross-chain NFT marketplace with plans to give back to its community. With Degrain (DGRN), users can trade and take payments from various networks – something that any existing marketplaces has never accomplished.

Degrain (DGRN) is the native token of the network, and users of the platform will be rewarded with it. Those who decide to stake some or all of it will be given a share of the revenue generated from the Degrain (DGRN) platform giving a passive income for holders.

Degrain enables users to trade and accept payments for NFTs across different networks, all while rewarding buyers, sellers and stakers.

We are the first NFT protocol to work with real-world companies and revenue share via a backed NFT.

The presale of the Degrain (DGRN) token kicked off strong on July 7th, with over 11 million tokens being sold in the first 60 seconds of launch. Presale phase one sold in less than two weeks, with investors rushing to jump onboard. Phase two started not long ago, and over 85 million tokens have already been sold, making this one of the biggest presales the crypto world has yet to see.

Phase two will likely sell out early, with the price increasing as more tokens are sold. Top crypto analysts have predicted a rise of over 8,000% before the end of the year. Investors will lock DGRN liquidity for ten years. The smart contract has undergone and passed its audit, while the team will be unable to sell any of their tokens for the first year. All of this makes for a very safe investment. You can join the presale using the links below.  

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