Nowadays, human interaction and socialization are increasingly virtual. The recent social media explosion cannot be overlooked. The vast majority of people have moved their social and professional relationships to their phones or laptops. Land purchases in fiat currency are common, but virtual land purchases in virtual currencies are novel. Please read this summary before proceeding with the Decentraland price prediction.
MANA is currently trading at $0.68 on CoinMarketCap.
Decentraland Overview
Decentraland is a metaverse built on the Ethereum blockchain. The project was founded in 2015 by the Decentraland Foundation. As you can see, this game has been available for some time. In 2017, the team successfully raised approximately 90,000 ETH (approximately $26 million at the time) through an ICO. However, the virtual reality platform will not be available to the general public until 2020.
Decentraland users can buy and sell real estate while also enjoying the game and interaction. It’s like playing an online game. However, rather than gameplay, it focuses on user social and economic interactions. Users communicate with one another, attend lectures, open stores, and discover new objects in the world.
The land of Decentraland is divided into 90,000 parcels known as “Parcels.” The initial size of one Parcel was 1010 meters of in-game space. In February 2019, the community voted. Each Parcel’s size was then increased to 1616 meters. An ERC-721 token — LAND — represents each Parcel. The two types of in-game cryptocurrency are MANA and LAND.
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Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
In addition to Parcels, there are Roads and Plazas in Decentraland. Users cannot purchase it because only developers can create objects on it. Roads are required for users to navigate the virtual world. The Plazas, which include public parks and information centers, attract visitors. The higher the price, the closer the land is to the roads and plazas. The Central Plaza area, like New York’s Central Park property, is the most expensive.
The world of Decentraland is divided into thematic zones known as “Districts.” Decentraland University, for example, has lecture halls and Fashion Street has shops. Each area is owned and managed by a local community. Unfortunately, such property is no longer for sale.
MANA Growth And Development
Global metaverse spending could reach $5 trillion by 2030, according to a recent Mckinsey & Company report. This report then discusses the possibilities for value creation in the metaverse. It continues, saying:
“It has the potential to impact everything from employee engagement to the customer experience, omnichannel sales and marketing, product innovation, and community building”
These findings may eventually put Decentraland in a strong position to capture a sizable portion of the growing market. Even when annual growth is extrapolated, Decentraland’s growth potential for the coming months appears to be quite promising.
MANA’s integration with layer 2 scaling solutions like Polygon has already set the stage for near-zero gas fees while allowing users to transact.
MANA has also seen a significant increase in institutional interest since Grayscale announced the addition of Decentraland to its suite of crypto investment trusts. This could lead to more network growth and, in the long run, help retail investors maintain trust.
Furthermore, its tokenomics present a favorable picture. The circulating supply at press time was approximately 1.86 billion tokens, out of a total supply of nearly 2.19 billion tokens. With nearly 85% of the tokens already in circulation, the token’s deflationary properties may be reaffirmed in the coming months.
Decentraland Price Prediction Historical Data
What should be noted here is that, since its inception, the coin has shown no movement and has remained sluggish, with no ray of hope for users, according to the most recent news and investment advice from crypto experts and analysts. Despite changes and advancements in blockchain technology, this asset has remained steadfast and unmoving.
At the time of its launch in December 2017, the price of Decentraland cryptocurrency was around $0.024 USD. It later surged to $0.24, but was rejected and dropped back to previous support levels. The price of Decentraland did not fluctuate significantly and remained in a similar price range until the beginning of this year. The coin then moved with the force of a tsunami wave through many other counterparts.
In December 2020, when the asset reached the Decentraland price of around $0.80, a boom period began, i.e., the bull driving the MANA chase. MANA followed the same pattern until April 2021, when it hit a new high of $1.56. However, after reaching a new high, the MANA fell further, and the Decentraland price dropped below $0.65.
Later, the MANA coins remained stable until the end of October, when they surged, pushing the Decentraland price above $3.5. Following that, the currency traded strongly bullishly. In November 2021, Decentraland reached a new all-time high of $5.90. However, after reaching a new ATH, the MANA price fell precipitously, bringing the Decentraland price down to around $2 and now trading around $0.7.
The majority of digital coin prices have been extremely volatile, and crypto trading during volatile periods carries a high risk. To reduce the risk, we recommend that traders conduct their own market research and forecasting before trading. MANA crypto, like many other cryptocurrencies, is available for purchase on cryptocurrency exchanges like Binance and Huobi Global.
Decentraland Price Prediction Price Analysis
The current value of Decentraland is $0.68, and MANA is ranked #41 in the entire crypto ecosystem, according to the most recent data. Decentraland has a market cap of $1,266,021,846 and a circulation supply of 1,855,084,192 coins.
In the last 24 hours, the cryptocurrency’s value has dropped by -9.19%. When we compare MANA’s current market cap to yesterday’s, we can see that it has also decreased.
Decentraland is struggling to gain traction with other crypto coins. The MANA has dropped nearly -14.95% in the last seven days. The coin has been displaying risky framing segments in recent days. Despite the coin’s solid fundamentals, we do not believe it will be a profitable asset in the near future.
When the current price is compared to the price history of the previous 30 days, Decentraland’s value has increased by 40.304%. The average minimum price for the month was $0.38, while the average maximum price was $0.41. This means that this coin is a good investment and a good addition to your long-term coin portfolio.
The 90-day price change is approximately 32.05%, with the price ranging in the previous 90 days from a minimum average price of $0.46 to a maximum average price of $0.50.
In the last four months, Decentraland has grown. As a result, we believe that similar market segments were popular at the time. According to the most recent data, Decentraland’s trading volume has increased in the last four months. The trading volume has a large influence on the price.
The coin has increased by 10.38% in the last four months, with a maximum average price of around $0.65 and a minimum average price of around $0.59.
Decentraland Price Prediction Expert Takes
ICOcreed
“Decentraland is forecasted to hit $0.9059 by the end of 2023. The expected average MANA price for 2023 is $0.8762, which is a 30.75% increase in value from the current price. The maximum predicted price for 2023 is $1.179 which is forecasted to be reached in January 2023.”
Wallet Investor
“MANA is a bad long-term (1-year) investment. It is expected to have a value of around $0.0682 in 2024. Thus, your current investment may be devalued in the future.”
Digital Coin Price
“Decentraland price is forecast to reach a lowest possible level of $2.00 in 2025. As per our findings, the MANA price could reach a maximum possible level of $2.39 with the average forecast price of $2.07.”
CryptoPredictions
“According to Decentraland price prediction 2023, the expected maximum trading price is $1.096, and the minimum trading price of MANA tokens is $0.7454. The average price is expected to be $0.876 for 2023.”
Decentraland Price Prediction
Decentraland Price Prediction 2023
Decentraland (MANA) has built a fast, dependable network and is concerned with the user experience of the product. According to the CryptoNewsZ Decentraland price forecast, these features can help the MANA token reach a much higher price of $1.70 in 2023. According to their Decentraland price forecast, if the push for functional crypto continues into 2023, the crypto may even experience a paradigm shift.
According to Wallet Investor, the price of MANA will begin March at an average of $0.529, with a low of $0.000001 and a high of $1.002. While the year ended with the lowest, average, and highest prices of $0.0243, $0.0487, and $0.0730, respectively.
According to AMBCrypto’s analysis, the price of Decentraland in 2023 should range between $0.91 and $1.37, with MANA trading at around $1.14 on average.
Decentraland Price Prediction 2025
The price of MANA could reach $2.3 on average by the end of 2025, according to Decentraland price predictions for 2025. The high for 2025, according to Trading Education’s prediction and price forecast, could be around $2.58, and the low could be around $1.9.
MANA is expected to have the following minimum and maximum prices in 2025, according to Changelly’s technical analysis of Decentraland prices by cryptocurrency experts: around $2.20 and $2.75, respectively. On average, the expected trading cost is $2.27.
According to Wallet Investor, the price of Decentraland will kick off 2025 at an average of $0.0519, with a minimum of $0.0259 and a maximum of $0.0778. While the year ended with a minimum, average, and maximum price of $0.02067, $0.0413 and $0.0620, respectively.
Decentraland Price Prediction 2030
The average price of MANA tokens is expected to reach $7.80 by 2030, according to experts’ Decentraland price analysis. The coin is expected to trade above $8 in the coming year, according to Decentraland’s future price prediction. According to the Decentraland price prediction, prices could reach $8.5 in the best-case scenario.
According to our calculations, the price of Decentraland in 2030 should be between $1.80 and $2.70, with MANA trading at around $2.25 on average.
Changelly cryptocurrency analysts are preparing to reveal their Decentraland price forecasts. The year 2030 will be determined by the maximum MANA price of $17.50. It is possible, however, that the rate will fall to around $14.41. As a result, the average trading price is expected to be $14.82.
FAQs
Can Decentraland Make Money?
Indeed. We expect the currency to perform well for at least the next five years because it is only a few years old. According to Decentraland price prediction, MANA price movement should be closely monitored on crypto exchanges and meticulously tracked in the digital coins market. A well-thought-out investment can help investors make a lot of money. While considering the overall recommendation, traders should also base their calculations on market price predictions, resistance levels, and other important information for trading in Decentraland MANA.
What Impacts MANA’s Price?
Decentraland’s price is determined by cryptocurrency exchanges and over-the-counter trading. Demand and supply are created by private and institutional investors, as well as miners.
Is Decentraland A Good Investment In 2030?
If the desire to create a metaverse continues into 2023 and the Decentraland platform grows in popularity, MANA will likely become a very popular investment as demand for the token grows. Prices could become even more volatile if Bitcoin continues to rise.
