Will Decentraland recover?

[Wexnident]

This is my first bear market experience and I know altcoins being down 90% is normal but I thought the metaverse was supposed to be the next big thing?

It was overhyped. It was an idea worth exploring but it definitely wasn't something that was going to be developed without decades of development imo, not to mention most of what we have right now are knockoffs (imo) of say VRchat, Minecraft, etc.

Would be interesting to hear any thoughts on this? Are you for or against Decentraland and if so why?

Honestly, my first time hearing about the project. Went to check their Twitter and it seems like they're still doing some stuff for its development, but it doesn't look like they're doing or have done anything "big" that would make investing in it worth it.

Is it not a good time to buy something like Decentraland that is 92% down from all time high?

Hmm seeing as it's down really bad right now, I'd suggest not buying in any for now and just hold what you have, it might recover a bit and by then it's up to you to decide whether to cut your losses then and there or hope for more. At this point, you're already down pretty badly anyway so I doubt losing more would be much of an issue (since you've already lost anw).

[bittraffic]

You realize that Decentraland(MANA) price started at less than a cent back in 2017. The people who believed in it from the beginning are still in profit. This token has yet not plunged to its deepest, for sure it can go up again but you'll have to wait again til the cycle bullrun.

But OP however bought at a price that's very high and DCAing. It's a wrong coin to be DCAing, he should just follow what others are doing. Get BTC.

[Blawpaw]

Decentraland (MANA) is a very good project and it has something already built. So, it is nothing that will simply disappear out of thin air. That said, if the guys behind the project are still going to innovate and present new solutions they will succeed. The metaverse is also something that came to stay, and from here on, a lot of development will be done in the area, so if Decentraland is able to keep up, they will most certainly succeed. If they do, you will see the price of mana soaring a lot in the next bull run.

[Yogee]

Is it not a good time to buy something like Decentraland that is 92% down from all time high?

It looks good on paper but that 92% doesn't guarantee it won't go down by another 50% or more. DCA if you still have funds to catch a falling knife and if it's for long term.

I'm controlling myself not to buy anything at the moment. I think there are still few more months of sideways or downward movement. Save fiat or stable coin for the meantime.