We are pleased to announce that you can now trade the latest Metaverse Crypto CFD tokens, including Decentraland (MANA) on the ThinkMarkets trading platform.
Metaverse tokens have been all the rage since Facebook announced its rebrand to Meta in 2021 which created a swift renewal of interest in virtual worlds and the tokens that can be used to buy land and in-game items within them.
During this time, some metaverse cryptocurrencies have gained more than 10,000% which has left lots of traders wondering how such tokens will perform in the future and whether they have become overhyped or overpriced.
For traders, the extreme volatility in price action of Metaverse tokens offers benefits to CFD traders that buying physical crypto doesn’t always offer. For example, trading Metaverse tokens as a crypto CFD allows you to not only trade on the extreme price increases but you can also trade on falling market prices which means you can take advantage of both bullish and bearish markets.
If you are keen to know more about how you can trade metaverse tokens on the ThinkMarkets platform, check out our latest tutorial on how to trade Decentraland (MANA) crypto CFD.
What you need to know:
Decentraland (MANA) is an Ethereum token that powers the Decentraland virtual reality platform. MANA can be used to pay for virtual plots of land in Decentraland as well as in-world goods and services. Decentraland is 58.67% below the all time high of A$7.91447
Advantages of trading Metaverse Crypto CFDs with ThinkMarkets:
- Two-way opportunity - Ability to go long or short falling prices
- Exposure to leverage means less up-front capital
- High volatility means higher risk and/or reward
- Ability to hedge your physical crypto portfolio
- Security of an ASIC regulated broker
- 24/7 customer support
To get started trading metaverse tokens such as Decentraland (MANA) with us, log into your ThinkPortal account and you can begin trading within minutes.
This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication only. No representation or warranty is given as to the accuracy or completeness of this information.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Investing in derivative products carries significant risks and is not suitable for all investors. Please be aware that you do not own, or have any interest in, the underlying assets. We recommend that you seek independent advice and ensure you fully understand all risks before trading.