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Decentraland (MANA) Price Prediction 2022: How High Can MANA Go?

Written by: Elena R

September 24, 2022

The fast-paced world of cryptocurrencies has spread its wings towards diverse sectors, such as the 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. Which is home to its digital token MANA.

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With Decentraland’s growing prominence in the industry and expensive land sales, growing events. Marketers are curious about the MANA price predictions in the near future and for the long term. Are you one of those curious minds? Then, join in as we decode the price forecasts of MANA for 2022 and the years to come.

Overview

CryptocurrencyDecentraland
TokenMANA
Price$ 0.6983
Market cap$ 0.0000
Circulating Supply 0.0000
Trading Volume $ 0.0000
All-Time High$ 0.0000 Jan 1, 1970
All-Time Low$ 0.0000 Jan 1, 1970

Decentraland (MANA) Price Prediction

YearPotential LowAverage PricePotential High
2022$0.7820$1.0243$1.2170
2023$1.1112$1.4792$2.0506
2024$1.6814$2.2883$3.1355
2025$2.6265$3.6478$5.1423

Decentraland Coin Price Prediction For 2022

The digital asset had made its way to 2022 with a sideways trend at $3.241, with interim touchdowns to its support at $2.649 until the 20th of January. After this, the price plummeted to $1.775 on the 22nd of January, which became the quarterly bottom.

The numbers picked up the pace, reaching $3.58 by the 10th of February. However, torrential torments from geopolitical tensions between Russia and Ukraine and other events such as FED’s rate hike 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.

The second quarter was harsh for the metaverse token MANA, just like any other cryptocurrency in the business. The market crash dragged the MANA price from $2.736 to $0.6236 by the 12th of May. 

MANA Price Prediction For Q3

An escalating continuity from the second quarter could help MANA’s price close its quarterly trade at $0.8027. However, if the digital asset falls prey to any negativity or a crash in the market, the price could lower to $0.6914. That said, regular buying and selling pressures could land the price at $0.7471.  

Decentraland Crypto Price Prediction For Q4

Decentraland could make the most out of the final leg of the year. With the holiday season being around, the platform could be a host to exciting events. As many brands conduct consumer events, a partnership with any significant brand could propel the price to a new peak of $1.2170 by the year-end.

Usual trades without any major events could welcome an average trading price of $1.0243. However, if the bears outweigh the bulls, the digital asset price could remain clutched below $0.7820.  

MANA Coin Price Prediction For 2023

If the price of Decentraland’s MANA carries forward the bullish stance of the bygone year. With the impetus coming from land trades, virtual events, and developments, the price could soar to its annual closing value of $2.0506

That said, with a steady momentum without any major interference from the bears, the digital asset could trade at an average price of $1.1112. However, if negative criticism strikes, the bears could haul the price down to $1.4792

MANA Crypto Price Prediction For 2024

As previously said, the metaverse sector is witnessing astounding seekers. Which is now spanning across borders and horizons. The transaction demographics are even between both the west and the east. This is an overwhelming feat, as it gives a brief insight into the future of the project. 

The growing adoption of Decentraland could push MANA to its potential high of $3.1355 by the end of 2024. In contrast, the foray of bigger firms and aggressive marketing could leave Decentraland in shade. In such a case, the digital coin would land at a low of $1.6814. Collectively, considering the bullish and bearish targets, the average price might land at $2.2883

Decentraland Price Prediction For 2025

The coming years remain crucial for Decentraland. It could turntables for itself and its native asset MANA, as the industry would see a revolutionary shift towards the metaverse sector. Decentraland could find newer partnerships and developments and host more significant and never-seen-before events, which could propel the price to $5.1423. 

On the flip side, if the protocol loses out on steam because of emerging and more prominent rivals, the price could fall to $2.6265. That said, regular buying and selling pressures could land the price at $3.6478.

Market Analysis

Wallet Investor:

As per Wallet Investor’s Decentraland price prediction, MANA’s price could hit the higher target of $2.426 by the end of 2022. The firm pins minimum and average targets for the year-end at $0.998 and $1.713. Wallet Investor forecasts the average closing target for 2023 and 2025 at $2.664 and $4.562, respectively.

Trading Beasts:

According to Trading Beasts, MANA price prediction. Decentraland is forecasted to hit a maximum price of $1.3009 by the end of 2022. By minimum, they expect it to drop to $0.8846. The firm predicts MANA to trade at an average price of $1.0407 by 2025.

Digital Coin Price:

Digital Coin Price expects MANA to close its trade for 2022, with a maximum price tag of $1.04. The firm predicts the minimum and average closing values for 2022 at $0.90 and $0.95, respectively. According to Digital Coin Price, MANA could claim the maximum price tag of $3.21 by the end of 2025.

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

What Is Decentraland (MANA)?

Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables users to purchase land that can be later built and monetized. It is the first virtual platform, wholly-owned and managed by the users. The protocol has three layers: 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 looking for a new artistic medium or provide a platform for new business opportunities.

Company Details

decentraland

  • Virtual Reality
  • Technology
  • Metaverse

Decentraland is a virtual reality platform that runs on the Ethereum blockchain. It enables users to purchase land that can be later built on and monetized. It is the first virtual platform wholly-owned and managed by the users. Decentraland was co-founded by Ariel Meilich and Esteban Ordano, who launched it with an ICO of $24 million in 2017.   The protocol has three layers: the Consensus layer, Land Content layer, and Real-time layer. Decentraland employs two tokens, namely MANA and LAND. While MANA is an ERC-20 token, the latter is an ERC-721 token. It is required to burn MANA in order to acquire LAND tokens. MANA can be employed to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.   Decentraland aims to help content creators, individuals, and businesses looking for a new artistic medium or provide a platform for new business opportunities. Conversely, Decentraland’s metaverse is divided into 90,601 individual land parcels, each of which is an ERC-721 NFT. That being said, each land is exactly 256 square meters and can be located at a specific coordinate in the Metaverse.

Fundamental Analysis

Ariel Meilich and esteban ordano founded Decentraland, and both 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 , a reputed Silicon venture fund. Co-founder Esteban Ordano has experience working as a software engineer at BitPay.Inc. He also worked as an advisor to matic network and previously handled his own smart contract development startup known as Smart contract solutions. 

Our Decentraland (MANA) Price Prediction

MANA might grow in the future as it allows the users to develop and monetize. The altcoin may also emerge as the leading virtual trading platform in the world and a go-to venue for virtual events. That said, for the year 2022, the MANA price might close the annual trade with a pricier tag of $1.2. However, bearish trends could limit the price to $0.8. And regular trade practices could land the price at $1.

Historical Market Analysis

2017

  • MANA made its way to the crypto market on the 17th of September, with a price of $0.026.
  • However, the token 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 plunged to $0.096 by year-end.

2018

  • The token continued to trade at $0.10 during early January.
  • Shockingly, the token declined to $0.08 by early February and reached a support level of $0.14 by mid-February.
  • MANA managed to trade between the range of $0.05 and $0.17 for the majority of the year. The year was concluded with a price tag of $0.04.

2019

  • MANA had commenced 2019 on a bearish note, with a price tag of $0.04.
  • As the bears continued to drag the prices down, the token slumped to $0.03.
  • 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 recovered to $0.03 by December.

2020

  • With a significant pullback, MANA started the year 2020 with a price of $0.03 and significantly rose to $0.06 by mid-February.
  • Then, 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.

2021

  • With an expansion of the bearish run, MANA continued to trade at $0.08 during the start of January. The token rose progressively to $1.19 in March and smashed the ATH at $1.63 by Mid-May.
  • However, the market-wide crash in May plunged the price to $0.4368.
  • The bull run was resumed in June, successively MANA managed to rise to $1.07 in September.
  • After a bearish start to Q4, the announcement of Meta drove MANA to $3.7 by the 2nd of November.
  • December was a turbulent month for MANA, the altcoin traversed from $2.972 to $4.08, and finally to $3.399.

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

FAQs

Can Decentraland’s MANA be halved?

No MANA can neither be halved nor mined.

Is Decentraland a good investment for the long term?

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

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

According to our Decentraland price prediction, MANA could soar as high as $1.2170 by the end of 2022.

Will the MANA price hit $10 by the end of 2025?

The altcoin could hit a maximum of $5.1423 by the end of 2025. 

How to buy Decentraland’s MANA?

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

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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