In the prominent crypto world, there are plenty of projects and startups getting established. Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain. The users can build, purchase and monetize virtual reality applications.
Does any of the cryptocurrencies allow users to develop their own platforms?
Yes, Decentraland is one of the platforms that offers its users to develop. In this article, we will discuss in-depth the MANA price prediction for 2021 and beyond. In the end, you will have a clear outlook on whether MANA is a good investment.
Table of contents
|Market cap||$ 1,026,456,778.0000|
|Circulating Supply||$ 1,327,372,145.9865|
|Trading Volume||$ 52,067,838.0000|
|All Time High||$ 1.6000 May 7, 2021|
|All Time Low||$ 0.0092 October 31, 2017|
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 MANA and one more is 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.
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.
MANA Price Prediction 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. On a bullish note, the currency drastically surged to $1.19 in March and smashed ATH at $1.63 during Mid-May further.
Due to the May market crash, the price plunged back to $0.4368. Resuming the bull rally in June, the MANA price again surged to $1.07 in September. With a slight pullback, the asset is trading at $0.7253 at the press time.
MANA could concentrate on improving its features for seamless services and some social media influences may lead to the growth of the token. At the end of 2021, MANA might be exchanged at an average price of $1.8. The maximum price it would reach would be $2.8 and the price might flip to $0.6347 in case bears dominate the market.
MANA Price Prediction 2022
MANA could commence the year 2022 with a price of $1.95 to $2.1 and the token might likely rise if it attracts the marketers with its specifications and makes it more user friendly. By the end of 2022, the token could trade at $5.75.
Decentraland Price Prediction For Next 5 Years
In 5 years, Decentraland might record new heights. With certain partnerships and developments, the users may increase and the investors may focus on investing in it. It could secure a new market rank if it gets recognized by the whole crypto world. By 5 years, MANA might be traded around the $10 mark.
MANA Market Prediction
As per wallet investor predictions, Shib is forecasted to hit a maximum price of $1.096, minimum it would flip to $0.749. The token is expected to trade at an average price of $0.920. Walletinvestor anticipates MANA to trade at an average price of $4.252. And maximum price expected is $5.019, minimum it would plunge back to $3.409 by 2025.
According to trading beasts, Decentraland is forecasted to hit a maximum price of $1.1207, minimum it would drop to $0.762. They predicts MANA to trade at an average price of $0.8733 by 2024.
Digitalcoinprice predicts that the MANA price may hit $1.093 by the end of 2021 and by the end of 2025 the price may reach $2.112.
Our MANA Price Prediction
MANA might grow in the future as it allows the users to develop and monetize. MANA may emerge as the leading virtual trading platform in the world. By the end of 2021, Decentraland might trade at a high price of $2.2.
|Year||Potential High||Potential Low|
Historical Market Analysis
Decentraland’s currency MANA made its existence in the crypto market on 17 September 2017 with a price of $0.026 according to Coinmarketcap. 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 and further plunged to $0.096 at the end of December to finish the 2017’s trade.
The token continued to trade at a price of $0.10 during the 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 at $0.14 by mid February. MANA managed to trade between the range $0.05 and 0.17 throughout the year. At the end of December 2018, MANA was trading at $0.04.
On a bearish note, MANA entered the year 2019 with a price of $0.04. As the bears continued to drag the prices down, the token slumped to $0.03 and further the token retrieved to $0.05 by March. With certain alteration in the price, the token was exchanged between the $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.
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 crash due to the Covid-19 outbreak all around the world. Further, with steady recovery, the price hovered between the $0.03 and $0.04 mark until hitting $0.10 surprisingly in the month of August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December. MANA was trading at $0.07 at the end of December 2020.
No, MANA cannot be halved or neither mined.
Yes, users can develop and monetize the MANA platform
Yes, MANA can be a worthy investment if you plan to invest for long-term.
MANA can be traded on exchanges like Coinbase Pro, Binance, OKEx, Huobi Global and many more.