The Land Beneath Decentraland
Human interaction and sociability have mostly become virtual in recent years. The recent social media surge cannot be overlooked. The majority of people have shifted their social and professional ties to their phones or laptops. Land purchases in fiat currency are common, but purchasing land via virtual currencies is a completely new notion. Before we begin our Decentraland price prediction, take a look at this overview.
The Decentraland platform of the game has been built to attach an all-new control over the virtual land of users who can now purchase, build, and sell virtual reality applications through Decentraland, which is based on the Ethereum blockchain with an incontrovertible record of ownership.
Users of Decentraland have more control over the environment and applications they construct on their land. The platform’s official social media account keeps its followers up to date on future activities. The blockchain records all of the details of the transaction, making the information on this virtual reality platform safe and secure.
A Virtual Marvel: Decentraland (MANA)
All of the game’s assets and land parcels, including highways and plazas, can be acquired with the native token, MANA. Transferability and security emerge as key metaverse game elements since Land possession is an NFT recorded on the decentralized blockchain Ethereum utilizing the ERC-721 standards.
Even while the Decentraland project is designed to attract players who have grown out of children’s games, for teenagers ization young adults who desire deeper human relationships focused on socializing and transacting rather than treasure hunting, virtual worlds are still in their infancy. Decentraland went a step further in January 2022, aiming for mass acceptance by offering a complete virtual coverage of the Australian Open tennis event beginning on January 17, combining metaverse and reality with providing the experience of live broadcasts, daily POAP’s, and more. Let’s take a closer look at the Decentraland MANA price forecast and technical analysis.
The Foundations of Decentraland
Decentraland was founded in 2016 by an Argentinian company led by Esteban Ordano and Ariel Meilich, with Chief Executive Officer James Ashton, as the fastest growing virtual world. Six high-profile customers have contributed $25.5 million to Decentraland. Animoca Brands, Boost VC, Fabric Ventures, Genesis One Capital, Fundamental Labs, and George Burke are among the companies involved.
The developers of Decentraland have taken a very careful and light-handed approach to constructing the game’s core elements. In the cryptocurrency industry, new projects and partnerships are already in the works to create this digital world a sophisticated and interesting other reality that will likely become pervasive and addicting.
Digital real estate is one of the financial prospects worth exploring for contributing to a virtual environment, say Utopia. This virtual reality platform-based economy will undoubtedly benefit investors by allowing them to learn and gather exciting experiences. Decentraland will undoubtedly become a very alternative and valuable investment tool as a result of a confluence of art, craft, music, and graphics.
Technical Analysis & Historical Data for Decentraland (MANA)
What should be noted is that the coin has not shown any movement since its debut, and according to the current news and investment advice from crypto professionals and analysts, it has remained sluggish with no ray of hope for users. Despite the fact that the blockchain technology was evolving and changing, this asset remained steadfast in its refusal to budge.
In December 2017, the price of Decentraland cryptocurrency was around $0.024 at the time of its introduction. Later, it soared and cleared the $0.24 mark, but was met with resistance, and it fell back to prior support levels. The price of Decentraland did not show any significant changes and remained in a similar range till the beginning of this year. The coin then made its way through a slew of other duplicates with the intensity of a tsunami wave.
A boom period, or the bull driving the MANA chase, began in December 2020, when the asset rose to roughly $0.80 on the Decentraland exchange. MANA continued to follow the same pattern until April 2021, when it reached a new high of $1.56. The MANA, however, proceeded to correct downwards after reaching a new high, and the Decentraland price fell below $0.65.
Later, the MANA coins remained stable until the end of October, when they experienced a significant increase, pushing the Decentraland price above $3.5. Following that, the currency continued to move in a bullish manner. Decentraland reached a new all-time high of $5.90 in November. However, after reaching a new ATH, the MANA price experienced a huge drop, bringing the Decentraland price to roughly $2. Following that, the price of Decentraland returns to its previous level of roughly $3.
The majority of digital coin prices have been quite volatile, and crypto trading during volatile periods carries a considerable risk. To reduce the risk involved, we advise traders to conduct their own research and market forecasting before trading. MANA coin, like many other cryptocurrencies, can be acquired on cryptocurrency exchanges such as Binance and Huobi Global.
Market Sentiment Predictions for Decentraland
According to technical research, the price of Decentraland has had a historic journey compared to other digital assets, and this could be the key reason for its appeal. The current price of Decentraland cryptocurrency is $3.04, with a market capitalization of $5,637,457,701.47, a 24-hour trading volume of $1,231,000,753, and a circulating MANA supply of 1,832,129,198 MANA. In the previous 24 hours, the Decentraland price has changed by -6.09 percent. The following is the Experts’ MANA price analysis and Decentraland MANA price prediction:
Decentraland Price Prediction 2022
Given that the cryptocurrency market is unlikely to see any major jolts in the near future, the Decentraland (MANA) token is poised to maintain its solid position as a primary draw for many investors and traders.
According to the positive MANA forecast and future market capitalization, the road ahead is full of petals if investor confidence continues to rise, resulting in a major push for the Decentraland price, which will take it to scale above $4.8 in the crypto market, according to our unbiased crypto forecast for the year 2022 Decentraland MANA price prediction. Users should invest at current crypto market prices to obtain big profit in the future, according to the current price trend and forecast. Experts predict that investing in Decentraland at the current price level will yield significant gains in the near term, and traders will be able to decide whether to buy or sell Decentraland.
MANA’s price is expected to reach $5.1 by 2022, according to the price estimate. By December, the Decentraland price is expected to jump to $5.8. Market analysts expect the MANA to trade at roughly $8 by the end of the year, which is 279 percent higher than its present price.
Price Prediction for Decentraland in 2023
Decentraland (MANA) has built a fast, dependable network and is focused on improving the product’s user experience. These qualities, according to our Decentraland price estimates, can allow the MANA token reach a significantly higher price of $6.7 in 2023. According to our Decentraland MANA price prediction 2023, if the desire for functional crypto continues until 2023, the coin may potentially experience a paradigm rush.
Price Prediction for Decentraland in 2024
Examining the Decentraland MANA price forecast for the coming year. There are a lot of predictions for Decentraland in the future (MANA). Few decentraland forecast that the MANA price will reach $8 on the crypto market, especially in light of the company’s technological announcements and success.
Price Prediction for Decentraland (MANA) in 2025
Decentraland is also involved in community initiatives, and as a result, we are optimistic about the token’s future growth in terms of various factors such as prices, volume, upgrades, and so on, given their continued momentum and significant market capitalization, as well as their initiatives focusing on education, outreach, and innovations. According to Decentraland’s price projection, after surpassing the psychological resistance level as its long-term price in 2025, MANA token might reach an appreciable level of $10.
Price Prediction for Decentraland in 2026
MANA, a digital asset, is likely to break all barriers and flourish exuberantly in 2026 if all markets turn positive, scaling the aforementioned high. According to our honest crypto forecast, MANA will undoubtedly bring good fortune to its customers. Decentraland (MANA) might easily reach $12.5 by the end of 2026, according to future price predictions based on Decentraland price trends and historical data.
Price Prediction for MANA Coin in 2030
Experts predict that the average price of MANA tokens will reach $97 by 2030, according to a Decentraland price research. Decentraland’s future price forecast predicts a good year, with the cryptocurrency expected to trade above $80 by the conclusion of the first half. According to MANA’s crypto price forecast, prices might reach $110 in the best-case scenario.
Conclusion: Tapping the Future of Decentraland
In the medium term, MANA coin future predictions estimate that the price will reach a high of $6 in 2023, and that the average price will trade above $4 in a year. MANA coin forecasts short-term growth from present levels, rising $3.9 in the first half of 2022 and $10 in the first half of 2025, respectively, increasing the Decentraland price by 23% and 215 percent. While things are going up for Decentraland price in the near future, according to Decentraland coin price prediction, and investors should expect good profits. MANA could soar to new heights in the future, making it a worthwhile addition to your portfolio.
The views mentioned here are based on our Decentraland projections and do not constitute financial advice; the coin’s previous performance does not guarantee future results. Before you spend money on Decentraland, do your research.
