Decentraland (MANA) Price Prediction: Will Mana reach 100 USD?
There are numerous projects and startups establishing themselves in the notable cryptocurrency space. Decentraland is a virtual reality framework that is fueled by the Ethereum blockchain. Users can create, buy, and commercialise virtual reality apps. This Decentraland Price Prediction (MANA) 2021 is based solely on technical analysis. The key aspects that we considered when developing our MANA price analysis and prediction are listed below. It’s not just a fun project, it’s also something we would like to invest in. In this article, we will explore the question, “Can Decentraland reach 100 USD?”
Decentraland Price Prediction: Overview
|Market cap||$ 4,515,854,006.0000|
|Circulating Supply||$ 1.8B|
|All Time High||$ 5.8500 November 25, 2021|
|All Time Low||$ 0.0092 October 31, 2017|
What Exactly is Decentraland?
Decentraland (MANA) is a blockchain-based virtual world framework. It also allows users to make, experience, as well as commercialise apps. Furthermore, the digital world began its closed beta in 2019 and the alpha version just launched in December 2021.
MANA is an ERC-20 token that is used in order to obtain non-fungible ERC-721 LAND tokens. MANA tokens could also be used to purchase wearables, avatars, names, as well as other items on the Decentraland global market.
The primary goal of Decentraland is to assist content creators, individual people, and businesses searching for a different artistic medium and also provide a platform for new economic opportunities.
How to buy Decentraland (MANA)?
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Buy Mana with USDT – Best International Crypto Exchanges to buy Mana tokens
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Decentraland Price Prediction: Current Market Status
MANA is going to trade at 8 percent up. Mana could look green on charts tomorrow. Binance, OKEx, Upbit, FTX, and CoinTiger Exchange seem to be currently the top cryptocurrency transactions for MANA. Let’s move on to the next section of this MANA Decentraland price prediction and technical analysis for 2021.
Decentraland Price Prediction (2021-25)
Overcoming all obstacles, MANA is poised to set a new standard for achievement, hoping to attract a large investor community and exceed all preconceptions in terms of the overall economic expansion.
Decentraland Price Prediction 2021
MANA traded goods at $0.08 at the beginning of January, despite a growth of the bearish run. The token gradually began to increase in value. On a positive note, the currency soared to $1.19 in March and then banged the all-time high of $1.63 in mid-May.
The price fell back to $0.4368 as a result of the May market crash. After restarting its bull run in June, the MANA price skyrocketed to $1.07 in September. The altcoin boomed in Q4 despite some fluctuations.
MANA Price Prediction Q4: The beginning of the month was bullish for the MANA price, which has remained in the $$0.78 range all through the month. Nonetheless, following Facebook’s rebranding to Meta, the asset had also managed to increase revenue. On November 2nd, the price rose parabolically from $0.9646 to $3.7. Furthermore, the Metaverse Token experienced an elongated rally, hitting a new all-time high of $5.48 on November 24th.
Decentraland Price Prediction 2022
If the current upward pattern continues, MANA will be worth $10 by the finish of 2022. Furthermore, the first half of 2022 will see a rapid increase of approximately to $8. The emergence will then reduce, but no significant drops are predicted. With upcoming collaborations and advancements, reaching $15 is really quite positive in terms of price, although it is undeniably feasible in the coming years.
Decentraland Price Prediction 2023
Decentraland (MANA) has built a fast, dependable system and is concerned with the product’s customer experience. These characteristics, according to our Decentraland price projections, can assist the MANA token reach a very much premium price of $14.70 in 2023. If the push for usable crypto proceeds into 2023, the crypto also might experience a paradigm shift, according to our MANA price prediction.
Decentraland Price Prediction 2024
There are a lot of predictions for Decentraland in the future. There are very few projections that the MANA price will reach $22 in the cryptocurrency world, particularly in light of the industry’s technological news releases and advancement.
Decentraland Price Prediction 2025 and Beyond
Decentraland is also involved in local initiatives, and so as a result, we are hopeful about the token’s growth prospects in terms of various variables such as prices, volume, improvements, and so on. If they maintain their dynamism and gain a great market cap, their proposals focusing on education, outreach, and advancement may propel the MANA token price to a having a significant impact of $38.
What is causing the price of Decentraland (MANA) to rise?
Because of its marketing as well as financial services, Decentraland (MANA) is a key attraction for purchasers all over the world despite its process efficiency. MANA has the potential to survive and grow because it allows consumers to input transactions to purchase digital reality inside the form of NFTs. NFTs have grown in popularity in recent months, and as a result, Decentraland’s prominence has skyrocketed, assisting in the growth of its environment as well as its value.
How we can purchase Decentraland (MANA) Tokens?
As a newcomer, all reputable exchanges, which include Coinbase Pro, Huobi Global, and many others, have this Decentraland as just a virtual money on their item palette. You can also profit from trading Decentraland straight for fiat currencies such as USD, EUR, GBP, and others, as well as other cryptocurrencies on many transactions. Investors can also take advantage of Decentraland MANA’s block rewards programme and track digital coin price predictions.
Is the MANA Coin a Wise Investment?
MANA is among the crypto market’s most active digital assets. Furthermore, MANA has become one of the well-known crypto systems that also generates NFTs. Crypto traders, on the other hand, must exercise extreme caution when trading in cryptocurrencies, since they are incredibly volatile.
Can Decentraland (MANA) Reach $100?
Decentraland has the potential to reach $100. This would place its market capitalization at $170 billion, which really is reasonable given that it is less valuable than Ethereum as well as other cryptocurrencies. As per Raoul Pal, Decentraland has huge potential and could be worth far more than $100 in the long run.
The main impediment as well as purpose why Decentraland may struggle to achieve $100 is that it has a large supply. There are presently 1.7 billion tokens in circulation, so the price is logically cheap.
Price = Market Cap / Circulating Supply
Price * Circulating Supply = Market cap
$100 * 1 700 000 000 = $170 000 000 000 = 170 Billion USD
In Simpler words, Decentraland’s market cap must reach $170 billion in order for it to reach $100.
Decentraland will undoubtedly reach $100 if it is capable of capturing a substantial portion of the Metaverse’s value creation. In 2021, MANA has a good future ahead of it. With latest progress within the MANA environment and the as a whole crypto market, we may well see MANA reach new levels. Furthermore, MANA has a good chance of exceeding $3.7 and reaching $5.8 this year. However, this will only happen if it overcomes a few psychological barriers.