In the prominent crypto world, there are plenty of projects and startups getting established. Decentraland (MANA) 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 Decentraland price prediction for 2021 and beyond. In the end, you will have a clear outlook on whether MANA Price will crash or Rise?
Table of contents
|Market cap||$ 343,198,303.0000|
|Circulating Supply||$ 1,327,372,145.9865|
|Trading Volume||$ 58,294,882.0000|
|All Time High||$ 0.3610 February 13, 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 Consensus layer, Land Content layer and Real-time layer.
It was found by Ariel Meilich and Esteban ordano.
MANA is decentraland’s crypto token which runs on the Ethereum blockchain that can be used to purchase plots of LAND and pay for in world goods and services.
MANA Technical Analysis
Decentraland’s token 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 start of 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 reached its resistance 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 in December to end the year 2019.
With a major pullback of price by bears, 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.
MANA Price Prediction 2021
With an expansion of the bearish market, MANA continued to trade at $0.08 during the start of January. Progressively, the token started to rise further. MANA could concentrate on improving its features for seamless services and some social media influences may lead to growth of the token. At the end of 2021, MANA might be exchanged at $1.5.
MANA Price Prediction 2022
MANA could commence the year 2022 with a price of $1.7 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 $3.8.
5 years MANA Price Prediction
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 $15 mark.
MANA Market Prediction
According to CoinArbitrage, MANA would be trading at $0.12220 at the end of 2021. In the next 3 years Decentraland could reach as high as $0.87450 and the lowest price would be $0.07552.
According to WalletInvestor, MANA is a good token to invest for the long-term. Its price could reach $0.257 by the end of 2021 and $0.722 at the end of 2025.
According to TradingBeasts, MANA could end the year 2021 with a price of $0.2744467 and by 2024, it would be trading at $0.3663238.
Our MANA Price Prediction
Decentraland initiated the year 2021 with a trading price of $0.08. On a bullish note, the price started to surge further. MANA might grow in the future as it allows the users to develop and monetize. The token may record a new All-Time-High in the upcoming days. MANA may emerge as the leading virtual trading platform in the world. By the end of 2021, Decentraland might trade around $2 and could reach $20 in the future.
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.