The MANA cryptocurrency has been gaining in value week after week this year. In fact, Decentraland is one of the stars of the Play-to-Earn trend, which became popular in 2021 on the cryptocurrency market. In what way is the project developing right now, and what price can we expect for the in-game MANA token?
Decentraland (MANA) Overview: How Does It Work?
Decentraland is a metaverse built on the Ethereum blockchain. The project was established by the Decentraland Foundation back in 2015. So, you can see that this game has been on the market for a long time. The team held an ICO in 2017 and successfully raised about 90,000 ETH (which was about $26 million at that time). However, the virtual reality platform was opened to the public just in 2020.
Decentraland users can buy and sell real-estate items while enjoying the game and interaction. It is like an online game. However, it focuses on social and economic interactions between users and not on the gameplay itself. Users communicate, attend lectures, open stores, and explore the world and new objects in it. Doesn’t it remind you of anything? This is Minecraft of a decentralized world!
All land in Decentraland is divided into 90 thousand parcels called “Parcels.” The initial size of one Parcel was 10×10 meters of in-game space. In February 2019, the community conducted a vote. Right after, the size of each Parcel was increased to 16×16 meters. Each Parcel is an ERC-721 token — LAND.
Let’s talk about the tokens. There are two types of in-game cryptocurrency: MANA and LAND.
- MANA is an ERC-20 token that helps to buy virtual goods and services within the metaverse.
- LAND is an ERC-721 token used to denote the right to own a specific piece of land in the game; in other words, it’s a proof of ownership.
Besides Parcels, there are Roads and Plazas in the world of Decentraland. Users cannot buy it because only developers can create objects on them. Roads are needed for users to navigate the virtual world. The Plazas are points of attraction for users: public parks and information zones. The closer the land is to the Roads and Plazas, the more expensive it is. The area around Central Plaza is the most expensive, just like the Central Park property in New York.
The world of Decentraland has thematic zones called “Districts.” For example, there are shops on Fashion Street and lecture halls in Decentraland University. Each area is owned and managed by a local community. Unfortunately, the land in such areas is no longer available for purchase.
Let’s imagine that you’ve got land (lucky)! How can you dispose of your purchase?
- Resell. As the game grows in popularity, the price of land rises. So, you become a conditional landlord who can benefit from it.
- Lease out the land. You will be able to receive passive income from the acquired land.
- Place an advertisement. You can build any objects on their land, and even place advertisements. So, you can hang up a banner of your company or open a showroom.
- Open an NFT store. Very trendy, right? Decentraland is NFT-compliant with the ERC-721 standard. For example, digital artists can open a gallery with NFT paintings.
Decentraland (MANA) Technical Analysis
We do not provide you with actual technical analysis. However, we have an indicator from TradingView, and it shows a “Buy” point.
Decentraland Price Predictions for 2022 by Experts
Now, let’s find out what experts say about MANA’s future price.
Wallet Investor considers MANA to be a good long-term investment. The one-year potential is about +15%, and that’s quite stable. The source also tells us that Decentraland’s token has a bright bullish trend.
In five years, MANA’s price can double up to $10. Depending on the GameFi popularity, the quotes can even triple. If this sector of the crypto world is safe and sound by the end of 2026, then investing in MANA may pay off.
According to Gov Capital, MANA is in its uptrend because GameFi is widespread. So, MANA can be a good addition to the crypto portfolio. Let’s look at the real figures. By the end of this year, the asset is predicted to reach a point of about $6. In 2022, it can grow to $7. The price movement may not be so bullish but smooth. In 2023–2025, the price is projected to stay around $5–7.
Decentraland Price Prediction for the End of 2021
Since there’s only one month left this year, let’s look at the forecasts for this December.
Decentraland (MANA) December 2021
According to the Long Forecast website, MANA token’s price can fluctuate at $3.77–$8.13 levels. It seems like a real scenario that MANA will finish 2021 approximately at $7.16 point.
The Trading Beasts source shows us a positive MANA forecast: about $5.5 by the end of this year.
Decentraland Price Prediction for 2022
The Long Forecast website indicates that MANA’s price will grow throughout 2022. So, it may start the year at $7 and gradually increase to $20 in December 2022, which looks quite bullish.
Digital Coin Price is predicting that the MANA cryptocurrency could reach $8.5 in 2022.
According to the Trading Beast source, the Decentraland cryptocurrency will begin 2022 at $4.9–6. However, it will probably go down and may sink to $3.5 by the end of the year.
Decentraland Price Prediction for 2023
According to the Long Forecast source, 2023 is unlikely to be a successful year for the Decentraland cryptocurrency. While the price of an asset is predicted to begin the year at $20-something point, it is expected to grow to the $25 level in March and go down slowly to $16 in December.
Digital Coin Price is promising MANA investors quite a stable income throughout 2023. So, the maximum price that the asset can reach is about $10.
Trading Beasts is not as bullish as Long Forecast. We mean, at all. So, the token may start the year at $4 and go down to $3.5 in the middle of 2023. However, MANA can reach $6 by the end of the year, which is quite nice.
Decentraland Price Prediction for 2024
The Long Forecast source expects the MANA coin to move up and down in 2024. So, the price can go up to $31 by the middle of summer 2024, but a correction at the $20–25 level may follow by the end of the year.
The Digital Coin Price website predicts stable growth. So, the MANA token may reach $11.
Trading Beast is not so bullish once again. Decentraland cryptocurrency’s price may fluctuate throughout 2024 in the corridor of $4.8–7.
Decentraland Price Prediction for 2025
According to the Long Forecast website, the MANA cryptocurrency will start the year at $20. After that, price fluctuations will begin and may feature $17 in May, $14 in June, and $23 in September. Finally, the year will show us a closing price of $29.
In 2025, the price of MANA can also reach $13.5, as stated by the Digital Coin Price source. It’s not a huge boost but a stable growth, though.
Decentraland (MANA) Price Prediction for 2030 & 2040
Unfortunately, we didn’t find any sources that predict the MANA price for 2030 and 2040. Needless to say, it’s quite impossible to make any forecast for such a long term. The coin trend might change several times in the next year, so speaking about a ten-year prospect is quite useless.
Why is the price of Decentraland (MANA) rising?
It’s quite obvious that Decentraland token’s price is rising since the GameFi market is bursting with new ATHs daily.
Is MANA token a good investment?
In a modern world full of decentralized technologies, MANA is a great cryptocurrency for investment.
Can the Decentraland (MANA) price reach $5?
On November 25, 2021, MANA renewed its all-time highest price at $5.9 point.
Where can I buy Decentraland (MANA)?
It’s easy to buy MANA via the Changelly widget below:
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.