Cryptocurrency Price Prediction

Decentraland Price Prediction: Will MANA Price Create A New ATH At $10 In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 5, 2022

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The fast-paced world of cryptocurrencies has been spreading its wings towards diverse sectors, such as metaverse and NFTs. Talking about metaverse, Decentraland has been an ace player in the sector. To novices in the business, Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain. 


Talking about returns MANA’s price is up 28,585.6% since its all-time-low. With Decentraland’s growing prominence in the industry, with its expensive land sales, growing events. Marketers are curious about the price predictions of MANA in the near future and for the long term. Are you one of the curious minds? Join in as we decode the price forecasts of MANA for 2022 and the years to come.

Overview

CryptocurrencyDecentraland 
TokenMANA
Price$ 1.0283
Market cap$ 1,540,550,872.0000
Circulating Supply 1,500,590,497.5338
Trading Volume $ 0.0000
All Time High$ 5.8500 Nov 25, 2021
All Time Low$ 0.0092 Oct 31, 2017

Decentraland’s (MANA) Price Prediction For 2022

Potential LowAverage PricePotential High
$4.870$5.908$7.21

  The digital asset had made its way to 2022, whilst moving in a sideways trend at $3.241. MANA was seen moving sideways with interim touchdowns to its support at $2.649 until the 20th of January. Post which the price plummeted to $1.775, on the 22nd of January. Which has been the quarterly bottom.

Whilst the numbers did pick up pace reaching $3.58 by the 10th of February. Torrential torments coming in from geopolitical tensity between Russia and Ukraine. And other events such as FED’s rate hike have pushed the projections to a narrow band closer to the support levels. That said, MANA had closed its trade for the first quarter at $2.45.

Decentraland (MANA) Price Prediction For Q2 Of 2022

  If Decentraland’s MANA picks up steam from its price tag of $2.65. The digital asset could end its trade for April, with a price tag of $2.944. A notable rise from which could land the price at its potential high of $4.570. On the flip side, bearish trends could land the price at $2.909. That said, average buying and selling pressures could limit the price to $3.652.

MANA’s Forecast For Q3

 An escalating continuity from the second quarter could help MANA price close its quarterly trade at $5.823. If the digital asset falls prey to any negativity or a crash in the market, the price could lower to $3.221. That said, regular buying and selling pressures could land the price at $4.051.  

MANA’s Price Prediction For Q4

 Decentraland could possibly make the most out of the final leg of the final quarter. With the holiday season being around, the platform could be a host of exciting events. As a myriad of brands conduct consumer events. A partnership with any major brand could propel the price to a new ATH of $7.21, by the year-end.

Whilst usual trades without any major event could welcome an average trading price of $5.908. If the bears outweigh the bulls, the price of the digital asset could remain clutched below $4.870.

Decentraland’s Price Forecast For 2023

  If the price of Decentraland’s MANA carries forward the bullish stance of the bygone year. With impetus coming from land trades, virtual events, and developments. The price could soar to its annual closing value of $12.929

That said, with a steady momentum without any major interference from the bears. The digital asset could trade at an average price of $11.201. Howbeit, if negative criticism strikes in, the price of the asset could settle at $9.482.

Price Prediction For The Next 5 Years

The coming 5 years remain crucial for Decentraland, and it could turntable for itself and for its native asset MANA. As the industry would see a revolutionary shift towards the metaverse sector. Decentraand could find newer partnerships, and developments. And could also host bigger and never seen-like events. Which could propel the price to $21.159. 

On the flip side, if the protocol loses out on steam, in view of emerging and bigger rivals. The price could fall to $18.005. That said, regular buying and selling pressures could land the price at $20.407.

YearPotential LowPotential High
2023$9.482$12.929
2025$18.005$21.159

What Does The Market Say?

Wallet Investor:

As per Wallet Investor’s predictions, MANA’s price could hit the higher target of $5.181 by the end of 2022. The firm pins minimum and average targets for the year-end at $4.223 and $4.708. Wallet Investor forecasts the average closing target for 2023 and 2025 at $7.197 and $12.170 respectively.

Trading Beasts:

According to Trading Beasts, Decentraland is forecasted to hit a maximum price of $3.259 by the end of 2022. By minimum, they expect it to drop to $0.762. The firm predicts MANA to trade at an average price of $3.076 by 2025.

Digital Coin Price:

Digital Coin Price expects MANA to close its trade for 2022, with a maximum price tag of $3.70. The firm predicts the minimum and average closing values for 2022 at $3.26 and $3.45 respectively. According to Digital Coin Price, MANA could claim the maximum price tag of $5.96 by the end of 2025.

What is Decentraland (MANA)?

  Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables its users to purchase land which can be later built and monetized. It is called the first virtual platform which is completely owned and managed by the users.  The protocol has three layers namely the Consensus layer, Land Content layer, and Real-time layer.

Interestingly, Decentraland uses two tokens, which are MANA and LAND. MANA is an ERC-20 token that runs on Ethereum. The token can be utilized to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.

Decentraland’s main aim is to help content creators, individuals, and businesses that are looking for a new artistic medium. Or to provide a platform for new business opportunities.

Fundamental Analysis

  Decentraland was founded by Ariel Meilich and Esteban Ordano. Both the founders have stepped down from their major positions at the project. Now they are assisting Decentraland as advisors.

Ariel Meilich worked as project lead at Decentraland from 2017 to 2020. He also established several other startups such as an online translation agency and a CRM platform. Ariel previously worked as an analyst at Charles River Ventures, a reputed Silicon venture fund.

Another co-founder Esteban Ordano has experience working as a software engineer at BitPay.Inc. Also worked as an advisor to Matic network. He previously handled his own smart contract development start-up known as Smart contract solutions. Reputed organizations such as Animoca Brands, Boost VC, Digital Currency Group, Fabric Ventures, and many others hold good investments.

To read our price forecast on Cardano’s ADA click here!

Our MANA Price Prediction

MANA might grow in the future as it allows the users to develop and monetize. The altcoin may emerge as the leading virtual trading platform in the world, and a venue for virtual events. By the end of 2022, MANA Price might trade at a high price of $7.25. Whilst bearish trends could limit the price to $4.79. Regular trade practices could land the price at $6.102.

Historical Market Analysis

2017

 MANA made its existence in the crypto market on the 17th of September 2017, with a price of $0.026. The token started to fluctuate within a few days and declined to as low as $0.009 by the end of October. Later, the price steadily started to recover and hit $0.13 by mid-December. But further plunged to $0.096 at the end of December to finish the 2017’s trade.

2018

The token continued to trade at a price of $0.10 during early January.  The price dramatically surged to $0.27 and further plunged to $0.10 by mid-January.  Shockingly, the token declined to $0.08 by early February and arrived at a support level of $0.14 by mid-February. MANA managed to trade between the range of $0.05 and 0.17 throughout the year. At the end of December 2018, MANA was trading at $0.04.

2019

MANA entered the year 2019, on a bearish note, with a price of $0.04. As the bears continued to drag the prices down, the token slumped to $0.03. But further retrieved the $0.05 tag by March. With certain alterations in the price, the token was exchanging trades between $0.03 and $0.04 for several months. Interestingly, the price declined to $0.02 and further recovered to $0.03 by December to end the year 2019.

2020

With a major pullback, MANA started the year 2020 with a price of $0.03. And significantly rose to $0.06 by mid-February. Shockingly, the token sank to $0.02 in March as the crypto market crashed due to the Covid-19 outbreak.

Further, with a steady recovery, the price hovered between $0.03 and $0.04, until it hit $0.10 in August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December. That said, MANA was trading at $0.07 at the end of December 2020.

2021

With an expansion of the bearish run, MANA continued to trade at $0.08 during the start of January. Progressively, the token started to rise further and surged to $1.19 in March. And smashed the ATH at $1.63 during Mid-May. Due to the market crash in May, the price plunged back to $0.4368. Resuming the bull rally in June, MANA’s price surged to $1.07 in September.

The start of Q4 was bearish for the MANA price, where the asset hovered around $0.78 throughout the month. With Facebook’s rebrand to Meta, the asset managed to drive in maximum profits. The price took a parabolic move from $0.9646 to $3.7 on November 2nd. Further, the Metaverse Token had an extended rally reaching a new ATH at $5.48 on November 24th.

The stay at the cliff was short-lived as the token took a downswing. Which landed the price at $2.972 by the 17th of December. Whilst MANA did pose a recovery to $4.08 by the 27th of December. The asset stumbled down yet again, which led to the annual closing price of $3.399.

Click here to read our in-depth price prediction of Polygon!

FAQ

Q: Can Decentraland’s MANA be halved?

A: No MANA can neither be halved nor mined.

Q: What will be the potential high of MANA’s price by the end of 2022?

A: MANA’s price could potentially hit its maximum target of $7.21 by the end of 2022.

Q: Is MANA a profitable investment in the long term?

A: Yes, MANA is definitely a profitable investment in the long term, factoring in the future of the metaverse.

Q: Where can I buy Decentraland’s MANA?

A: The digital asset is available for trade across leading cryptocurrency exchange firms such as Coinbase Pro, Binance, Okex, and Huobi Global, amongst others.

Q: What could be the average price in the next five years?

A: MANA could hit an average price of $20.407 in the next five years.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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