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.
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.
|Market cap||$ 0.0000|
|Trading Volume||$ 0.0000|
|All-Time High||$ 0.0000 Jan 1, 1970|
|All-Time Low||$ 0.0000 Jan 1, 1970|
|Year||Potential Low||Average Price||Potential High|
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.
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 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.
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.
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.
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.
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.
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 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!
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.
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.
Ariel Meilich and esteban ordano
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
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.
Click here to read our in-depth price prediction of Polygon!
No MANA can neither be halved nor mined.
Yes, MANA is definitely a profitable investment in the long term, factoring in the future of the metaverse.
According to our Decentraland price prediction, MANA could soar as high as $1.2170 by the end of 2022.
The altcoin could hit a maximum of $5.1423 by the end of 2025.
The digital asset is available for trade across leading cryptocurrency exchange firms such as Coinbase Pro, Binance, Okex, and Huobi Global, amongst others.
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