This content represents the writer’s opinions and research and is not intended to be taken as financial advice. The information presented is general in nature and may not meet the specific needs of any individual or entity. It is not intended to be relied upon as a professional or financial decision-making tool.
Investors entering the crypto market have a perception that it is not safe. While the market is highly volatile, it all comes down to how you approach and handle your holdings amidst the new developments. So, it is about developing the right strategies to help you mitigate the impact of the market situations.
Another thing that stops many people from entering the crypto market is that there are no regulations. It makes the market the new investors more skeptical about investing in crypto coins. Nevertheless, we can’t deny that the popularity and the acceptance of cryptocurrencies are increasing.
Therefore, it is safe to say that the crypto coins will stay in the long run. The market sentiments make it imperative for investors to do comprehensive research and technical analysis for any particular crypto coin. Out of all the crypto coins, the Decentraland MANA is worth your attention.
The article will help you get an insight into the technical analysis and price prediction for the Decentraland MANA in the coming years. Let’s start with a basic overview of this crypto coin so you can better understand it.
Table of Contents
- Decentraland (MANA) Overview
- Decentraland (MANA) Price Prediction 2023
- Decentraland (MANA) Price Prediction 2024
- Decentraland (MANA) Price Prediction 2025
- Decentraland (MANA) Long-term forecast 2030
- Decentraland (MANA) Price Analysis
- 2022 Price
- Where to Buy Decentraland MANA?
- Decentraland (MANA) Prediction Conclusion
Decentraland (MANA) Overview
Decentraland MANA coin has been in the market for around five years. The coin’s ICO (initial coin offering) was launched in August 2017, and the project secured more than $24 million. While the crypto coin was offered at a value close to $0.01, its current value is close to $1.00.
The Decentraland price is currently at around $0.390378 USD, and it has a 24-hour trading volume of over $43,449,172. In the last 24 hours, it has gained 2.19%. Currently, it is ranked #55 on the CoinMarketCap, and it has a live market cap of over $724,183,394 USD. Its circulating supply is 1,855,084,192 MANA coins, and its maximum supply is not available.
It has seen an incredible increase in value since its launch, making it a top pick for many investors. Nonetheless, the coin has continued to see a massive change in value due to the volatility in the crypto market.
Investors should keep an eye on the changing market dynamics and situations to assess the best time to buy and sell this coin. Ideally, it would help if you had a long-term strategy that allows you to earn a fantastic ROI.
Decentraland (MANA) Price Prediction 2023
While the crypto market is experiencing a bearish trend this year, experts believe there is a good chance it can change in the next year. So, there is a possibility that the Decentraland coin can see a rise in its price.
A favorable business environment and increased investor confidence will help the Decentraland coin to reach $1.68. However, if the bearish trend continues to stay throughout 2023, the Decentraland coin can reach the lowest value of $1.40. The average trading price is likely going to stay around $1.50.
Ideally, coins like the Decentraland can help investors enjoy an optimal ROI if they invest in them for the long run.
Decentraland (MANA) Price Prediction 2024
Developers and other companies are working on new blockchain projects to boost the popularity and use of cryptocurrencies. Thus, it will increase the coins’ demand and their value. The NFTs are a clear example of how a new project can increase the demand for cryptocurrencies.
Moreover, the concept of digital assets and metaverse will also push the demand for various cryptocurrencies up. These are just a few factors that can drive the Decentraland coin’s price to the maximum level of $2.44 in 2024. However, the market sentiments also play a critical role in the coin’s value.
So negative market sentiments mean the coin’s value can dip to the minimum level of $2.00. Our technical analysis indicates that the average trading price for the Decentraland coin is going to stay between $2.05 to $2.10.
Decentraland (MANA) Price Prediction 2025
Many experts believe the popularity and the adoption of Blockchain technology and cryptocurrencies will increase in various industries by 2025. Therefore, we can expect to see an increase in the demand for crypto coins, causing a rise in the price.
If the experts’ projections are correct, we can expect to see the Decentraland coin’s value reaching a maximum of $3.55. While the average trading price for the Decentraland coin is predicted to stay around $3.10 throughout 2025, it can reach the minimum level of $2.99.
Investors should focus on investing in the Decentraland coin for at least five years. The coin has reached an all-time high value of $5.90. Hence, there is a chance that it can climb up to the same price again in the next five to seven years.
Decentraland (MANA) Long-term forecast 2030
Since there is high volatility in the crypto market, it can be challenging to predict an accurate price forecast for more than five years. Moreover, no financial statements can help you evaluate the coin’s prospects and performance in the coming years.
So, the only way to determine the possible value for the coin is to analyze the findings from price prediction tools. According to the algorithm-based projection tools, the maximum trading value of the Decentraland will stay around $29.65 to $29.75 throughout 2030.
If the market sentiments favor the coin, then there is a good chance it can reach the maximum value of $22.63. On the other hand, the coin might reach the minimum value of $19.80 by 2030 if the market conditions are not favorable for investors.
Decentraland (MANA) Price Analysis
The Decentraland coin’s price has seen a massive increase over the last few years. It has an exceptional ROI of 3824.08%, making it one of the best-performing cryptocurrencies. While the coin did not see a massive change in value for the first few years, it saw an enormous surge in demand.
The main factor behind it is the popularity of the Decentraland game on the metaverse. It allows gamers to buy digital assets in the game using the Decentraland crypto coin. As a result, the crypto coin reached an all-time high value of $5.90 by Nov 25th, 2021.
Recently, the entire crypto market has been experiencing a bullish trend causing the Decentraland coin’s price to go down. Like most of the coins in the crypto space, Decentraland has lost more than 80% of its value. It was trading around $1.01 in the first week of July 2022.
Decentraland’s price at the same time last week was $0.42. It has moved by -6.13% in the past week and is currently at $0.39. In the past 24 hours, MANA has pumped by 2.70%. There is a slightly bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and MANA could hit $6.28 in 2023.
The growth of the network has been decreasing over the last couple of months. However, the indicators that show the adoption rate and user interest have started to show signs of a recovery. If the price of MANA continues to move up, it could see a significant increase in its value.
Where to Buy Decentraland MANA?
As an investor in the crypto market, you need to have a robust platform by your side. It should be easy to use and allows you to leverage the price fluctuations. So, you must pay close attention when choosing the trading platform for investing in the Decentraland coin.
The platform allows you to find and invest in different crypto coins. Most importantly, you’ll come across various platforms that require you to fill out lengthy forms or ask for many documents.
That is not the case with eToro since it has a simple and quick sign-up process. You can follow the steps below to register your account in no time.
Also, it is important to note that – From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Decentraland (MANA) on eToro. US Based eToro customers can continue to hold and sell existing positions in Decentraland (MANA).
Step 1: Open an Account
You first need to go on the account opening page and click on the “Create Account” option. It will open up an online form that only requires basic information such as full name, email address, date of birth, etc.
Step 2: Verify your Account (E-mail Verification)
Once you complete the online form, the eToro platform will send a verification email to your registered address. You can open the mail and click on the “Verify Your Account” to proceed with the account opening process.
Step 3: Upload ID
The platform needs an ID document for the KYC registration. You can submit your driver’s license or passport along with the last paid utility bill.
Step 4: Make a Deposit
Now that you have your account registered, the next thing you need to do is deposit the amount of money that you want to invest in Decentraland. You can use your PayPal account, debit/credit card, or a wire transfer to deposit the funds in your eToro account.
Step 5: Search for Decentraland (MANA)
Once you have the funds in your account, the next step that you need to take is to search for the Decentraland coin. You can click the search option and look for the crypto coin you want. Then, click on the trade option to place your order.
Step 6: Buy Decentaland (MANA)
The platform allows you to choose the amount you want to invest in or the units you wish to get for the Decentraland coin.
Decentraland (MANA) Prediction Conclusion
Many experts and price prediction tools project that the Decentraland coin can reach the maximum value of $22.63 by the end of this decade. While these price prediction tools give you an outlook of the coin’s future performance, you should not base your investment strategy around it.
It is best to wait and watch the changing dynamics to assess the right time to buy, sell, and trade the Decentraland coin. Many investors try a different approach and opt to invest in the Decentraland coin for the long run. This way, they can get a good ROI and mitigate the effect of high price fluctuations in the short run.
Here are some commonly asked questions about the Decentraland MANA coin.
How much is the Decentraland (MANA) worth today?
As of July 20th, the trading value of the Decentraland (MANA) coin is $1.01.
What will be the Decentraland (MANA’s) highest forecast price by 2025?
We can expect to see the Decentraland coin’s value reaching a maximum value of $3.55 by 2025.
Is Decentraland (MANA) a good investment?
Decentraland has seen a significant increase in value over the last few years. It has helped investors earn a decent profit on their investments. However, the high volatility and the uncertainty in the crypto market make it difficult to tell whether or not the Decentraland coin is a good investment.
What will be the value of Decentraland (MANA) in 2030?
As per different algorithm-based projection tools, the maximum trading value of the Decentraland will stay around $29.65 to $29.75 throughout 2030. A positive market trend can help it reach the maximum value of $22.63. On the other hand, the coin might also touch the minimum value of $19.80 by 2030.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.Read More