Decentraland Price Prediction 2023, 2024, 2025: Will MANA Price Reach $0.6 This Year?

The post Decentraland Price Prediction 2023, 2024, 2025: Will MANA Price Reach $0.6 This Year? appeared first on Coinpedia Fintech News

The fast-paced world of cryptocurrencies has spread its wings towards diverse sectors, such as the Metaverse and NFTs. Talking about Metaverse, Decentraland has been an ace player in the sector.

To novices in the business, Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain. Which is home to its digital token MANA.

With Decentraland’s growing prominence in the industry and expensive land sales, growing events. Marketers are curious about the Decentraland price prediction in the near future and for the long term.

Are you one of those curious minds for MANA price? Then, join in as we decode the price forecasts of MANA for 2023 and the years to come.

Overview

Cryptocurrency	Decentraland
Token	MANA
Price	$ 0.41582536 1.66%
Market Cap	$ 787,197,069.1609
Circulating Supply	1,893,095,370.6427
Trading Volume	$ 80,412,246.0233
All-time High	$5.90 on 25th November 2021
All-time Low	$0.00788 on 14th October 2017
24 High	$ 0.4285
24 Low	$ 0.3952

Decentraland Price Prediction November 2023

The price was seen trading in the consolidated range for a brief period, following which the price broke the resistance level and started trading under the influence of the bulls. The market then started trading in a consolidated range for about a week, after which the price regained momentum and broke out of the resistance level at $0.3900.

Further, the price traded sideways for almost a week, after which the price broke out of the resistance level of $0.4398. The price was then rejected at $0.4848, following which the price lost momentum and experienced correction.

The MACD displays a constant red histogram for almost a week, indicating a negative price action for the coin. Further, the histogram displayed a bearish, suggesting the price could continue losing value in the coming days.

If the bulls manage to hold power over the bears then the price will prepare itself to test the resistance level of $0.4398 in the soon and if the price manages to hold the level then a bullish moment may ignite pushing its price further to $0.4848 level this week.

If the bears regain the power and a bearish trend occurs then the price will fall down to $0.3900 level. Further, if the market fails to regain momentum then the price may continue to fall and test its lower support level of $0.3635.

MANA Coin Price Prediction 2023

Australian Open metaverse returned to Decentraland. The 2023 Australian Open (AO) was a grand slam tennis tournament hosted at Melbourne Park. AOmetaverse and Vegas City are the spotlight of metaverse’s entertainment destination and the largest commercial zone In Decentraland. This helped the MANA coin price stabilize once again.

Since February MANA has continued to trade negatively displaying a bearish influence. After leveling out all its gains, the price regained momentum and recorded a surge of over 80% in its value, within the past month, indicating a strong bullish influence in the market.

The MACD displays a rising red histogram in its chart, indicating a weak ongoing buying and selling pressure for the coin. Moreover, the chart displays a bearish convergence, suggesting the price to lose value in the coming month.

With the impetus coming from land trades, virtual events, and developments, the price could soar to its annual closing value of $0.68. That said, with a steady momentum without any major interference from the bears, the digital asset could trade at an average price of $0.29. However, if negative criticism strikes, the bears could haul the price down to $0.48. 

Decentraland Price Prediction 2023 – 2030

MANA Decentraland Price Prediction 2024

As previously said, the metaverse sector is witnessing astounding seekers. Which is now spanning across borders and horizons. The transaction demographics are even between both the west and the east. This is an overwhelming feat, as it gives a brief insight into the future of the project. 

The growing adoption of Decentraland could push mana tokens to its potential high of $1.31 by the end of 2024. In contrast, the foray of bigger firms and aggressive marketing could leave Decentraland in shade. In such a case, the digital coin would land at a low of $0.62. Collectively, considering the bullish and bearish targets, the average MANA coin price might land at $0.96. 

MANA Price Prediction 2025

The coming years remain crucial for Decentraland. It could turntables for itself and its native asset MANA, as the industry would see a revolutionary shift towards the metaverse sector. Decentraland could find newer partnerships and developments and host more significant and never-seen-before events, which could propel the price to $1.97. 

On the flip side, if the protocol loses out on steam because of emerging and more prominent rivals, the coin’s price could fall to $0.99. That said, regular buying and selling pressures could land the price at $1.48.

Decentraland Price Prediction 2026

According to forecast prices and technical analysis, Decentraland’s price is projected to reach a minimum of $1.61 in 2026. The maximum price could hit $2.86, with an average trading price around $2.23.

Decentraland Price Prediction 2027

Looking forward to 2027, MANA’s price is expected to reach a low of $2.52, with a high of $3.69 and an average forecast price of $3.10.

Decentraland Price Prediction 2028

In 2028, the price of a single Decentraland is anticipated to reach a minimum of $3.56, with a maximum of $4.38 and an average price of $3.97.

Decentraland Price Prediction 2029

By 2029, Decentraland’s price is predicted to reach a minimum of $4.17, with the potential to hit a maximum of $5.25 and an average of $4.71.

MANA Price Prediction 2030

In 2030, MANA coin price is predicted to touch its lowest price at $5.15, hitting a high of $6.17 and an average price of $5.66.

Market Analysis

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Decentraland Price Prediction

MANA might grow in the future as it allows the users to develop and monetize. The altcoin may also emerge as the leading virtual trading platform in the world and a go-to venue for virtual events.

That said, for the year 2023, the MANA price might close the annual trade with a pricier tag of $0.68. However, bearish trends could limit the price to $0.29. And regular trade practices could land the price at $0.48.

Fundamental Analysis

Ariel Meilich and esteban ordano

esteban ordano
co-founder at decentraland
Esteban Ordano is the Co-Founder and Advisor of Decentraland. He held the position of Chief Technology Officer at Decentraland, though he was promoted to a more advisory role post the platform became a decentralized autonomous organization. Before Founding Decentraland, he was the Advisor at Matic Network, an international, sustainable web3 infrastructure on Ethereum.  Ordano founded Smart Contract Solutions, in 2015 and helped build some Bitcoin-related products. 
Basically, Ordano is a software engineer and helped several companies including Google, where he was a software engineer and site reliability engineering intern and designed and developed tools for multi-device automated testing, design, and development of a cluster benchmarking tool. Later, he switched to work at ITBA as a Teaching Assistant in 2010 and consequently began to serve as Software Engineer at BitPay, Inc., in 2014. BitPay is a financial service that accepts Bitcoin and Cryptocurrency payments.  
[email protected]

EntrepreneurChief Technology Officer

founded Decentraland, and both have stepped down from their major positions at the project. Now, they are assisting Decentraland as advisors. 

Ariel Meilich worked as project lead at Decentraland from 2017 to 2020. He also established several other startups, such as an online translation agency and a CRM platform. 

Ariel previously worked as an analyst at Charles River Ventures, a reputed Silicon venture fund.

Co-founder Esteban Ordano has experience working as a software engineer at BitPay.Inc. He also worked as an advisor to Matic network and previously handled his own smart contract development startup known as Smart contract solutions.

Factors Affecting The Price Of MANA Token

• Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
• Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
• Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.

What Is Decentraland?

Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables users to purchase land that can be later built and monetized. It is the first virtual platform, wholly-owned and managed by the users. The protocol has three layers: the Consensus layer, Land Content layer, and Real-time layer.

Interestingly, Decentraland uses two tokens, which are MANA and LAND. MANA is an ERC-20 token that runs on Ethereum. The token can be utilized to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.

Decentraland’s main aim is to help content creators, individuals, and businesses looking for a new artistic medium or provide a platform for new business opportunities.

Historical Market Analysis 2017 – 2022

• MANA made its way to the crypto market on the 17th of September, with a price of $0.026. However, the token declined to as low as $0.009 by the end of October. Later, the price steadily started to recover and hit $0.13 by mid-December but plunged to $0.096 by year-end.
• The token continued to trade at $0.10 during early January. Shockingly, the token declined to $0.08 by early February and reached a support level of $0.14 by mid-February. MANA managed to trade between the range of $0.05 and $0.17 for the majority of the year. The year was concluded with a price tag of $0.04.
• MANA had commenced 2019 on a bearish note, with a price tag of $0.04. As the bears continued to drag the prices down, the token slumped to $0.03. With certain alterations in the price. The token was exchanging trades between $0.03 and $0.04 for several months. Interestingly, the price declined to $0.02 and recovered to $0.03 by December.
• Shockingly, the token sank to $0.02 in March as the crypto market crashed due to the Covid-19 outbreak. Further, with a steady recovery, the price hovered between $0.03 and $0.04 until it hit $0.10 in August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December. 
• With an expansion of the bearish run, MANA continued to trade at $0.08 during the start of January.
• The market-wide crash in May plunged the price to $0.4368. The bull run was resumed in June, successively MANA managed to rise to $1.07 in September. After a bearish start to Q4, the announcement of Meta drove MANA to $3.7 by the 2nd of November. December was a turbulent month for MANA, the altcoin traversed from $2.972 to $4.08, and finally to $3.399.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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[Source: Coinpedia]