Decentraland (MANA) is one of the most active cryptocurrencies that has swept the crypto market this year. On October 31, 2021, the cryptocurrency hit an all-time high price of $4.69. MANA is one of the most surprising cryptocurrencies to rise this year, according to some. It has nothing to do with Bitcoin and is not even a very popular cryptocurrency today. MANA, on the other hand, has been around since 2019.
In this article, we will look at the MANA price prediction for 2022, 2023, 2025 and 2030. But first, we will learn about the basics of Decentraland or MANA and then dive into the MANA price prediction part.
What is Decentraland or MANA?
Decentraland is a piece of Ethereum software that aims to motivate a worldwide network of users to administer a shared virtual environment.
Users of Decentraland may purchase and sell digital real estate while exploring, socialising, and playing games in this virtual realm. The platform has grown over time to include interactive apps, in-world payments, and peer-to-peer conversations for users.
Two types of tokens govern all the Decentraland’s activities. They are as follows:
- LAND — A non-fungible token (NFT) designed to define ownership of digital real estate land parcels.
- MANA – A cryptocurrency that investors can use to buy LAND as well as virtual products and services in Decentraland.
Changes to the Decentraland software are implemented using a network of blockchain-based smart contacts, which allow participants who own MANA to vote on policy revisions, land auctions, and new development subsidies.
The Decentraland app keeps track of real estate parcels that LAND tokens specify. The programme uses the Ethereum blockchain to monitor ownership of this digital land, and it needs users to keep their MANA token in an Ethereum wallet in order to participate in its ecosystem. Furthermore, developers have the freedom to innovate inside Decentraland’s platform by defining the animation and interactions that users encounter on their virtual real estate.
MANA is essential in Decentraland’s virtual world, and it may be used for transactions within the ecosystem as well as to participate in the administration of its software. Ownership of MANA, for example, allows users to connect with the platform by designing their avatars, engaging with other users, and exploring its metaverse.
That much information is enough for Decentraland and MANA. Now before diving into MANA price prediction let’s look at the current market situation of MANA.
Current Market Situation for Decentraland (MANA)
MANA is now trading at $3 on CoinMarketCap, with a 24-hour trading volume of $25,249,245,049 at the time of writing this MANA price report. MANA’s stock has risen 42.78 percent in the previous 24 hours.
Furthermore, MANA now has a circulating supply of 1.82 billion MANA. Binance, OKEx, Upbit, FTX, and CoinTiger Exchange are currently the major cryptocurrency exchanges for MANA. Let’s move on to the next section of our MANA technical analysis for 2021.
Technical analysis for Decentraland (MANA) in 2021
MANA is currently holding the 35th rank on CoinMarketCap. Will the current innovations and advances in the blockchain, however, help the cryptocurrency’s price rise? Let us now turn our attention to the technical analysis section of this MANA price forecast article.
MANA shifted from a bear to a bull trend on the 2021 year on year chart at the beginning of this month. During this time, there was a high amount of trading. Furthermore, MANA displayed an Ascending Scallop pattern in the daily time period.
This pattern typically indicates an uptrend, however, it can shift and become a decline in some cases. In reality, the construction of this pattern in the preceding chart occurred within the last month.
The Relative Strength Index (RSI) stands at 88.16, indicating that MANA is overbought. As a result, a price reversal might occur at any time. As a result, traders must trade prudently and should avoid market hype. Given this, traders might exercise caution to minimise losses caused by the bitcoin market’s violent fluctuations.
MANA’s price has undergone multiple positive swings since the beginning of 2021, with each one being higher than the previous one. Furthermore, these are immediately followed by volatility, consolidation, and corrections. Taking this into account, MANA has a competitive market in 2021.
MANA Price Prediction 2022
If the current upward trend continues, MANA will be worth $10 by the end of 2022. Furthermore, the first part of 2022 will see rapid growth of up to $8. The growth will thereafter moderate, but no significant drops are forecast. With planned collaborations and advances, reaching $15 is fairly ambitious in terms of pricing, but it is undeniably doable in the near future.
MANA Price Prediction 2023
MANA’s price can rise to dizzying heights, eventually reaching $25. Furthermore, this is only conceivable if the market maintains its positive trajectory. Furthermore, only if the cryptocurrency MANA surpasses the psychological resistance level.
MANA Price Prediction 2025
MANA costs might reach $55 in the next four years. However, hitting this level may not be as tough for MANA as another medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to our MANA price prediction, it has a strong chance of attaining a new ATH during the next five years.
MANA Price Prediction 2030
According to the MANA Price Prediction and technical analysis, the MANA price is predicted to cross an average price level of $102.49 in 2030, with the Decentraland minimum price value expected to be $99.67 by the start of 2030. Furthermore, MANA has a maximum price level of $115.22.
Final Thoughts
In 2022, MANA has a bright future ahead of it. With continued improvements inside the MANA ecosystem and the larger crypto market, we may see MANA reach unprecedented heights. Furthermore, our long-term MANA price prediction is optimistic. Furthermore, MANA has a good chance of exceeding $3.7 and reaching $5.8 this year. However, that will only happen if it overcomes a few psychological hurdles.
