Table of Contents
Investors should look at Decentraland price prediction, or MANA’s value before. Decentraland is a virtual reality platform that powered by Ethereum blockchain. Decentraland is one of the significant players in the virtual reality world. Users can easily create different content and applications through the virtual reality platform. Generally, dissimilar to other social networks and virtual worlds such as Second Life, no central organization controls Decentraland. The 3D virtual space that is traversable and finite associated with Decentraland is LAND. An Ethereum smart contract is responsible for marinating LAND, generally a non-fungible digital asset. LAND is divided into parcels that users may identify using Cartesian coordinates (x,y). Members of the community tend to own these parcels. However, to hold them, the users use MANA to purchase the parcels. Possessing MANA gives users complete control of the applications or the environments they create, such as static 3D scenes and games.
Specific parcels may further be divided into districts or themed communities. By classifying parcels into different districts, shared spaces arise with users with standard uses and interests. Ethereum blockchain is responsible for transactions and ownership. On the other hand, Decentraland’s content is usually stored and distributed through a decentralized network. Decentraland, like the real world, has a finite amount of space. Therefore, possessing real estate in Decentraland is extremely valuable. How a user chooses to develop the amount of LAND they own in Decentraland is more valuable than the location of their LAND. Attracting other users to your virtual LAND in Decentraland is very simple. For example, you need to possess an exciting game, attract digital art, or have interesting content. In addition, new people to interact with also may attract other users to your LAND.
What is Decentraland (MANA)?
Esteban Ordano and Ariel Meilich co-founded and launched Decentraland (MANA) in 2017. However, the co-founders kept the platform from public users until February 2020. Therefore, today, users can buy and create real estate in the virtual world. This, however, is through the use of MANA tokens. Consequently, through MANA tokens, users can create digital goods and services. MANA is built on Ethereum. In addition, Ethereum makes MANA per specific standards that control token creations, particularly the ERC20 standard.
Furthermore, users can easily buy or sell MANA with digital currencies and even fiat currency. It’s crucial to learn the price prediction of Decentraland chain. Moreover, users can store MANA in a custodian or a crypto wallet. One of the example is Gemini.
MANA is also available for other cryptocurrencies such as Polygon/Matic, thus posing low-cost transfers. However, moving MANA into the ETH chain may be expensive due to elevated gas prices. Currently, MANA is available on many of the crypto trading platforms, still Binance provides more convenience than the other trading platforms. You may address this convenience in terms of fees and cash available. In addition, MANA is presently listed on a minimum of 15 exchanges. Moreover, the most prevalent exchanges dealing with MANA are eToro, Gemini and Coinbase.
The Value of MANA Token
As of January 4th, 2022 the MANA price in the cryptocurrency market is $3.23. Decentraland Market Cap on the same date is $4,240,892,001. In addition, the cryptocurrency has a market cap dominance of 0.20%. Furthermore, Decentraland (MANA) has a trading volume of $1,932,792,413. As of January 4th, 2022 Decentraland has a volume/market cap of 0.4683. Due to this market cap, the cryptocurrency ranks 45 in the market. Decentraland’s (MANA) all-time high price was $5.85 on November 25th, 2021 while the cryptocurrency’s all-time low was $0.00923681 approximately four years ago on October 31st, 2017. In addition, Decentraland has a circulation supply of 1.82 billion MANA coins. Furthermore, the MANA coins have a total supply of 2.19 billion. Today, eToro is the best and most active exchange if you wish to buy or sell Decentraland.
Decentraland (MANA) Price History
Let us look at Decentraland (MANA) coin’s history. From then on, we can carry out its market forecast.
October 2017 – December 2017
Open price $0.0143 Close price $0.1027
Decentraland (MANA) co-founders launched the cryptocurrency in 2017, particularly in October. MANA’s open value was $0.0143, where its highest reach was $0.0287 and a low of $0.0079. The price remained constant for, in November 2017, MANA’s price was $0.0143. However, Decentraland’s tokens price increased by the start of December 2017 to $0.0153. By the end of December, MANA’s price had surged up to $0.1027. Therefore, you may argue that MANA’s price enjoyed an increase in the few months after its launch in 2017. During these months, Decentraland (MANA) attained a high of $0.148 in December. On the other hand, Decentraland (MANA) earned a low of $0.0079 in October.
January 2018 – December 2018
Open price $0.01274 Close price $0.0457
The year started very well for the Decentraland (MANA). Previously, Decentraland’s tokens had enjoyed an increase, and at the close of January 1st, 2018 the price was $0.01274. In February, the price increased to $0.1276, only to decrease the following month, March, to $0.1046. The price has dropped to $0.0708 by the end of March. By the start of April, the price had declined further to $0.0701. MANA’s price increased in the month because, by the end of the month, it was valued at $0.1549. May started at a high note where Decentraland’s tokens were valued at $0.1558 but continued depreciating.
By the start of June, MANA’s value had declined to $0.105. In July, MANA’s value continued to worsen to $0.0869. However, in August, the price appreciated to $0.1114, only for it to depreciate in September at $0.0777. Furthermore, the value also declined in October, November, and December in the next three consecutive months. The values of these months were $0.0755, $0.0747, $0.0577, respectively. Therefore, MANA’s price in 2018 fluctuated a lot. MANA’s highest price was $0.2889 in January. On the other hand, MANA’s lowest cost was $0.0416 in December.
January 2019 – December 2019
Open price $0.0457 Close price $0.0301
On January 1st, 2019, Decentraland (MANA) value was $0.0457. However, the price depreciated the following month in February to $0.034. The price then appreciated the next two months in March and April to $0.0438 and $0.0564, respectively. In May, MANA’s value depreciated slightly to $0.0511. However, in June, the price then appreciated to $0.0598. Nonetheless, MANA’s worth continued to decline in the next four months. Decentraland’s tokens value in July, August, September, and October were $0.0492, $0.0408, $0.032, and $0.0271, respectively. However, MANA’s price appreciated to $0.0328 in November. The cost, however, depreciated in December to $0.0254. Therefore, there was no common trend in MANA’s worth in 2019. The highest price that MANA reached was $0.0833 in March. Conversely, MANA’s lowest price in 2019 was $0.0192 in November.
January 2020 – December 2020
Open price $0.0301 Close price $0.0782
The year opened with MANA valued at $0.0301. The price slightly increased in the next two months. The prices were $0.0353 and $0.0371 in February and March. After that, however, the prices started to depreciate, with MANA pricing at $0.0263 in April. However, MANA’s price increased in May and June, valuing $0.0316 and $0.0398, respectively. The price then depreciated to $0.0378 in July. Conversely, the price appreciated in August and September from $0.0457 to $0.0987, respectively. The cost, however, declined in October and further in November. The new prices were $0.0839 and $0.0652 at the beginning of the two months, respectively. In December, MANA was priced at $0.0881. The highest price that Decentraland (MANA) achieved in 2020 was $0.1311 in August. On the other hand, Decentraland (MANA) lowest value was $0.0141 in March.
January 2021 – December 2021
Open price $0.0782 Close price $3.2716
This period saw Decentraland (MANA) attain high prices. The year started with MANA valuing at $0.0782. The price appreciated in February, March, April, and May. MANA’s prices were $0.1548, $0.2363, $1.0281, and $1.4878 respectively. however, the prices depreciated in June and July. The new prices were $0.8495 and $0.58 respectively. Nevertheless, the prices appreciated in August and September. The new prices were $0.7175 and $0.9434, respectively. Yet, the prices depreciated in October to $0.6896. nonetheless, the prices then appreciated in November and December. The new prices were $2.8885 and $4.6447, respectively. MANA attained a high cost of $5.9023 in November. On the other hand, Decentraland’s lowest value was $0.0762 in January.
On opening January 1st, 2022 MANA was priced at $3.2716 and closed at $3.3454. On opening January 2nd, MANA’s price was $3.3451 and closed on $3.3399. January 3rd and 4th have opened at $3.3396 and $3.2551. Across the four days, MANA has attained a price high of $3.3768 and a low of $3.1515.
Decentraland (MANA) Price History Summary
We may learn about the history of the Decentraland (MANA) price trajectory by looking at its specific previous prices.
The chart below shows the Decentraland (MANA) price history from October 1st, 2017 to January 4th, 2022.
|Year||Lowest Price||Highest Price|
The Decentraland Price Prediction from 2022 to 2025
From the description above, we can learn that MANA is one of the most potential crypto tokens to be used in the Metaverse. In order to buy or sell the Decentraland in a profitable position, you may need to know to learn the price forecast of Decentraland for the next few years.
The Decentraland Price Prediction in 2022
Like the Shiba Inu coin, MANA is also powered by the Ethereum blockchain. That means no organization can control it. The holder of MANA was responsible for most of the volatility.
After the great surge last November, the price of MANA had a few retracements. In December, the fluctuation narrowed to a zone between $2.7 and $3.5. However, the Decentraland won’t sit tight for long since more investment is now flowing into the crypto market. In 2022, the price of Decentraland will spike up to $5.8 and lay down as low as $2.5.
The Decentraland Price Prediction in 2023 and 2024
As mentioned above, transactions on Decentraland are supported by the ETH system. Traders need to pay ether as transaction fees. As a result, Decentraland plans to work with Polygon as a sidechain for a cheaper and faster transaction experience. No matter if the process finishes in 2023, investors will pay more attention to the price of MANA.
According to the professional analysis, the Decentraland price will be between $5.1 and $6.7 in an upward trend in 2023, and it may reach $8 in 2024.
The Decentraland Price Prediction in 2025
Let’s get back to the original purpose of MANA, to build and develop real estate in virtual reality. In order to buy digital goods and services, traders need to own MANA tokens in the first place. With the widespread use of VR and the development of Metaverse, Decentraland will become more popular. Meanwhile, the MANA token may rise to a reasonable level at $10 within 2025.
What Do Investment Agencies Say?
According to wallet investor, on January 3rd, 2022, the Decentraland price equals $3.268. If you invest in Decentraland (MANA) today, the investment will return an increase of approximately 366.1%. Therefore, Wallet Investors argue that there will be a long-term increase in MANA’s value. For example, if you invest $100 in Decentraland today, you may enjoy roughly $466.1 in 2027.
DigitalCoin predicts that in 2022, the Decentraland price will be at $4.49. In addition, DigitalCoin also present predictions in 2023, 2024, 2025, 2026, and 2027 which are $5.32, $5.53, $6.71, $6.24 and $8.47 respectively. Additionally, the prediction by 2029 is that the Decentraland price will be $13.59. Therefore, regarding all these predictions, the Decentraland price will continue to increase.
According to CoinQuora, Decentraland has a bullish trend in the market. Therefore, CoinQuora predicts that MANA may hit $10 by the end of 2022. Furthermore, the price may hit $25 in 2023 and increase to $35 in 2024. Finally, CoinQuora predicts that the price may skyrocket to $50 in 2025. Therefore, you may state that CoinQuora expects high prices for Decentraland.
Gov Capital believes that Decentraland has been associating itself with a rising trend. Therefore, Gov Capital predicts that there will be a 32.696% increase in MANA, where the price will be $4.413 in 2023. For example, if you invest $100 today, the investment will be approximately $132.696 on January 4th, 2023.
According to Trading Beasts, Decentraland will enjoy a specific increase. By the end of 2023, Decentraland will average $4.04923. The maximum price that Decentraland will hit in 2024 will be $6.10255, while the lower will be $3.50158. In addition, the top price in 2025 will be $7.09155, while the lower will be $4.20878. Therefore, these figures indicate an increase in the current prices.
FAQ about MANA investment
Should I invest in the MANA coin?
Your personal financial goals and circumstances should be the vital determinants of whether you should invest in the MANA coin or not. You should note that cryptocurrencies are highly volatile investments. Therefore, cryptocurrencies are riskier to invest in compared to other assets. For that reason, you should do your research and evaluate the risks associated with investing in the MANA coin. In addition, you should note that past prices are not an assurance of future prices.
Where Can I buy the MANA coin?
As a beginner, you may find the Decentraland (MANA) in most of the esteemed exchanges. For example, Coinbase Pro, Huobi Global, and others demonstrate the coin as a virtual currency in their product palette.
Can I trust Decentraland?
Yes. Decentraland is Ethereum-centred, fastest-developing metaverse. You can easily trade to earn profits, explore other worlds that users create and even create your applications. Decentraland is also associated with high speed. Decentraland’s future also seems to gain momentum. Therefore, Decentraland has all it takes for you to trust it fully. Decentraland also stands to its merit of big promises and support level, thus gaining significance in the market.
How high can the MANA coin go?
Several forecasters, including DigitalCoin and Wallet Investor, predict that the MANA coin may value $5 before 2025. However, you should note that analysts and forecasting websites may get these predictions wrong.
What is the use of Decentraland MANA?
Users tend to use the MANA coin while buying or selling LAND in Decentraland. In addition, users may charge others for specific services they may be offering in the virtual world. Therefore, you may conclude that MANA is a token in Ethereum’s blockchain. Conclusively, you may regard MANA as one of today’s most active cryptocurrencies.
People may ask if the MANA coin is a good investment for ordinary traders. Since the cryptocurrency market is always in high volatile, it mostly depends on your investment goals and financial circumstances. Before diving into the crypto world, make sure you’ve done enough research and thoroughly evaluated the risk you can accept. Keep it clear that the past price performance can’t be a guarantee of future returns. Never invest more than you can afford to lose.