Decentraland (MANA) Price Prediction for 2022, 2025 and 2030
15 Sep, 2022
Decentraland (MANA) Price Prediction for 2022, 2025 and 2030
People spend more and more time online. Many of us live in the digital world more than in the real world. So, a big business has started monetizing this fact. Facebook owner Mark Zuckerberg recently presented Meta Universe based on the Facebook social network. It would be strange if the crypto market stays away from this idea.
Decentraland is a shared 3D virtual world based on the Ethereum blockchain. In its white paper, Decentraland states that its unique sales proposition is in the absence of a single agent that can change the rules of the game. It should look attractive for the fans of video games and virtual worlds – let us remember that Vitalik Buterin, Ethereum founder, started his career in the decentralized system after he lost his achievement in the World of Warcraft.
The users can buy the digital properties – land, clothes for avatars, names, and so on - within Decentraland by using MANA cryptocurrency.
What is Decentraland Cryptocurrency?
Decentraland, a browser-based blockchain platform, operates with two tokens. LAND – a token that defines property rights for virtual assets (land). This token is non-fungible, or unique. It can be traded or passed to another owner. However, for everyday trade operations, Decentraland uses another coin – MANA. MANA can be used for purchasing digital assets in the Decentraland world.
MANA works as a main circulating medium in Decentraland. It can be used for in-game purchasing. The virtual goods for purchasing can be different – various NFTs, skins, virtual assets for user avatars, and other digital assets. In real life, these assets have no value, but in the virtual world, they can be used for various purposes.
MANA can be mined in ASIC mining rigs. It is available on several centralized and decentralized exchanges. Now, in 2022, the total supply of MANA tokens is equal to 2.19 billion coins. Compared to other coins, this supply is not huge, so MANA is sensitive to market hype and can show volatility based on market news.
How to Buy MANA?
For now, MANA is available on more than 15 exchanges. However, experts recommend using large exchange services like Binance or Kraken. While the exchange rate on smaller services can be more attractive, large services have better security systems.
To buy MANA on the exchange services, it is necessary to create an account. The registration process requires you to provide a name, email and phone number, and to pass the Know Your Customer (KYC) procedure. This procedure is a necessary part of anti-fraud and money laundering policies.
After account verification, a new user can buy MANA using fiat currency or cryptocurrency. Create an account for MANA and exchange crypto or fiat currency with MANA. Then a user can trade MANA or keep it on hold before the situation changes.
Decentraland Price History
Decentraland first appeared in 2015 but was launched in 2017. At the moment the platform went public in 2020 the price was $0.02. Very soon it hit an all-time low at $0.00923681 but soon recovered a little. In 2020 its performance was moderate and MANA closed the year at $0.07825.
As we know, 2021 was a good year for the crypto market. MANA started growing in January and broke the barrier of $0.10 at the beginning of January and $0.2016 on January 23. March 13, 2021, was another good day for MANA, it hit $1.17. After another month of growth in April with a monthly high of $1.55, MANA rolled back in May and June and finished in July at $0.7192.
Until October MANA fluctuated in a wide range of between $0.70 and $1.48, and at the end of October it hit an all-time high of $5.90. The high was reached on the general bullish trend and positive news on the Meta virtual universe. Then MANA price rolled back and went down gradually without the sharp drops until it landed at the current level.
Decentraland Price Prediction for 2022
In the middle of the year, it is possible to review the past price prediction and compare it with the current situation. Thus, using technical analysis the Changelly blog predicted MANA price in 2022 in a range of $1.19 - $1.30. As we can see, the actual range is wider, with the start at $3.32 in January and the current price near $0.79.
The previous forecasts could not include two major factors in calculations. First, the fast growth of the crypto market at the end of 2021, with the following rollback and stagnation period known as the crypto winter. The second factor is the security issue that Decentraland found in May 2022. Decentraland fixed the issue without major losses, but the MANA price lost value.
Taking into attention these facts, we can predict MANA will break the psychological resistance level at $1.00 and finish this year fluctuating around this price.
MANA Matic Crypto Forecast for the Long Term
A long-term price prediction is needed to understand if the coin is a good investment. As for MANA, it is unclear because it is too hype-dependent.
Decentraland Price Prediction for 2025
Decentraland forecasts MANA price in 2025 at $5.50, higher than $5.23 - its all-time high. Analyzing Decentraland forecasts we noticed they are algorithm-based. So, it is necessary to compare this forecast with other predictions.
DigitalCoinPrice forecasts the average MANA price at $1.78 in 2025. At the same time, Changelly predicts the average price of $3.53, with the peak MANA price of $4.18 in 2025.
MANA Price Prediction for 2030
There are two ways to predict MANA prices for 2030: human analytics and AI analytics. These two methods provide different results for the MANA price for 2030.
Artificial Intelligence extrapolates the existing data to the possible future situation. Our artificial intelligence used two key facts to make price predictions. The first fact is that MANA's price at the starting point in October 2017 was $0.00923681. In November 2021 it reached its all-time high of $5.90. Using this data, artificial intelligence predicted the MANA price in 2030 in the range of $28-$35, with moderate growth at the end of the year.
Decentraland predicts the MANA price at $25 and higher in 2030 based on AI calculations. The problem with this forecast is that it is algorithm-based, and from a long-term perspective, an algorithm is usually wrong.
The problem with AI model analysis is that AI takes the previous price history for the coin and builds it up. At the same time, human analysis takes into attention numerous external facts and trends that affect MANA price.
Thus, DigitalCoinPrice analyzes the decreasing interest in NFTs, first Meta failures, and general stagnation in the crypto market and predicts MANA price at $1.78 in 2025 and $3.87 in 2030. This forecast looks more or less realistic, and more convincing than the AI prediction.
MANA Price Prediction $100
One of the questions we have to answer – is there a chance MANA will cost $100. Let us make a little investigation to answer this question.
Initially, the market stayed positive toward MANA. First, investors expected new business opportunities from virtual reality. The announcement from Meta warmed the market up and attracted the attention of the business to new opportunities.
Second, the period of 2020-2021 was the time of growth for all crypto markets followed by Bitcoin. In November 2021, MANA reached its all-time high of $5.90. At that time the price of $100 did not look unreal.
However, since that time the market became less favorable to MANA. A new crypto winter has begun. Bitcoin lost a part of its value and created a strong downward trend in the market. Besides, news from Meta Universe disappointed the market and decreased the interest in virtual universes. Now MANA trades around $0.80 and the price of $100 looks too optimistic.
It is still possible that the global upturn of the financial market together with the new hype wave can raise MANA to $100, however, this chance is low.
Does MANA Have a Future
It is a complicated question. To understand the future of each coin, we have to compare the past price prediction and its performance at the current moment. For MANA, the result is not perfect. The optimistic forecast for the middle of 2022 was an average value of $5.19 per token. Less optimistic forecasts saw $1.89 as an average value which is closer to the current situation. However, the most pessimistic forecast of $1.29 is the closest.
At the moment, MANA trades in the range of $0.76-0.82, with yearly peaks at $3.32 and an all-time high at $5.89. So, the average value of $5.19 is hardly likely.
The problem is that MANA is hype-dependent. As we notice from its history, MANA reached the price peaks with the new waves of hype around Meta-Universe from Facebook. However, now Meta Universe does not perform well. The first images presented by Mark Zuckerberg disappointed users, and Meta stocks lost a part of their market value.
So, MANA's future depends on the market interest in the virtual world. It seems the virtual universe idea in general is very attractive to the average person. However, its current realization is far from market expectations. If Meta and other virtual worlds perform well, MANA will gain in price.
Investments in cryptocurrencies are a high-risk business, riskier than the Forex market. The absence of regulation and sensibility to market news makes the crypto market volatile. Market volatility is a period of quick price changes when the price of each cryptocurrency can jump up and down very quickly.
Periods of market volatility are good to gain some profits from the price difference but the chance to lose money is also high. So, we’d recommend avoiding entering the market at this period and not risking money you cannot afford to lose.
Besides the market volatility, the crypto market is vulnerable to many external and internal factors. So, any price in this article is predictive. The responsibility for all risky investments in crypto, including MANA, is on the investor’s side.