This year, we see the MANA cryptocurrency becoming a top gainer week after week. There is no surprise! After all, Decentraland is one of the stars of the Play-to-Earn trend, which became popular in 2021 on the cryptocurrency market. How is the project developing now, and what can we expect from the price of the in-game MANA token? Let’s figure it out.
Decentraland (MANA) Overview: How Does It Work?
Decentraland is a metaverse built on the Ethereum blockchain. The project was established by the Decentraland Foundation back in 2015. So, you can see that this game has been on the market for a long time. The team held an ICO in 2017 and successfully raised about 90,000 ETH (which was about $26 million at that time). However, the virtual reality platform was opened to the public just in 2020.
Decentraland users can buy and sell real-estate items while enjoying the game and interaction. It is like an online game. However, it focuses on social and economic interactions between users and not on the gameplay itself. Users communicate, attend lectures, open stores, and explore the world and new objects in it. Doesn’t it remind you of anything? This is Minecraft of a decentralized world!
All land in Decentraland is divided into 90 thousand parcels called “Parcels.” The initial size of one Parcel was 10×10 meters of in-game space. In February 2019, the community conducted a vote. Right after, the size of each Parcel was increased to 16×16 meters. Each Parcel is an ERC-721 token — LAND.
Let’s talk about the tokens. There are two types of in-game cryptocurrency: MANA and LAND.
- MANA is an ERC-20 token that helps to buy virtual goods and services within the metaverse.
- LAND is an ERC-721 token used to denote the right to own a specific piece of land in the game; in other words, it’s a proof of ownership.
Besides Parcels, there are Roads and Plazas in the world of Decentraland. Users cannot buy it because only developers can create objects on them. Roads are needed for users to navigate the virtual world. The Plazas are points of attraction for users: public parks and information zones. The closer the land is to the Roads and Plazas, the more expensive it is. The area around Central Plaza is the most expensive, just like the Central Park property in New York.
The world of Decentraland has thematic zones called “Districts.” For example, there are shops on Fashion Street and lecture halls in Decentraland University. Each area is owned and managed by a local community. Unfortunately, the land in such areas is no longer available for purchase.
Let’s imagine that you’ve got land (lucky)! How can you dispose of your purchase?
- Resell. As the game grows in popularity, the price of land rises. So, you become a conditional landlord who can benefit from it.
- Lease out the land. You will be able to receive passive income from the acquired land.
- Place an advertisement. You can build any objects on their land, and even place advertisements. So, you can hang up a banner of your company or open a showroom.
- Open an NFT store. Very trendy, right? Decentraland is NFT-compliant with the ERC-721 standard. For example, digital artists can open a gallery with NFT paintings.
Decentraland (MANA) Technical Analysis
We do not provide you with actual technical analysis. However, we have an indicator from TradingView.
Decentraland Price Predictions for 2022 by Experts
Now, let’s find out what experts say about MANA’s future price.
Wallet Investor considers MANA to be a good long-term investment. The one-year potential is about +15%, and that’s quite stable. The source also tells us that Decentraland’s token has a bright bullish trend.
In five years, MANA’s price can double up to $10. Depending on the GameFi popularity, the quotes can even triple. If this sector of the crypto world is safe and sound by the end of 2026, then investing in MANA may pay off.
According to Gov Capital, MANA is in its uptrend because GameFi is widespread. So, MANA can be a good addition to the crypto portfolio. Let’s look at the real figures. By the end of this year, the asset is predicted to reach a point of about $6. In 2022, it can grow to $7. The price movement may not be so bullish but smooth. In 2023–2025, the price is projected to stay around $5–7.
Decentraland Price Prediction 2022
According to the technical analysis of Decentraland prices expected in 2022, the minimum cost of Decentraland will be $3.28. The maximum level that the MANA price can reach is $3.83. The average trading price is expected around $3.38.
MANA Price Forecast for March 2022
Based on the price fluctuations of Decentraland at the beginning of 2022, crypto experts expect the average MANA rate of $2.59 in March. Its minimum and maximum prices can be expected at $2.37 and at $2.66, respectively.
April 2022: Decentraland Price Forecast
Cryptocurrency experts are ready to announce their forecast for the MANA price in April 2022. The minimum trading cost might be $2.59, while the maximum might reach $2.77 during this month. On average, it is expected that the value of Decentraland might be around $2.69.
MANA Price Forecast for May 2022
Crypto analysts have checked the price fluctuations of Decentraland in 2022 and in previous years, so the average MANA rate they predict might be around $2.75 in May. It can drop to $2.62 as a minimum. The maximum value might be $2.90.
June 2022: Decentraland Price Forecast
In the middle of the year 2022, the MANA price will be traded at $2.83 on average. June might also witness an increase in the Decentraland value to $3.01. It is assumed that the price will not drop lower than $2.73 in June 2022.
MANA Price Forecast for July 2022
Crypto experts have analyzed Decentraland prices in 2022, so they are ready to provide their estimated trading average for July — $2.89. The lowest and peak MANA rates might be $2.76 and $3.12.
August 2022: Decentraland Price Forecast
Crypto analysts expect that at the end of summer 2022, the MANA price will be around $2.97. In August, the Decentraland cost may drop to a minimum of $2.85. The expected peak value might be $3.27 in August 2022.
MANA Price Forecast for September 2022
Having analyzed Decentraland prices, cryptocurrency experts expect that the MANA rate might reach a maximum of $3.42 in September 2022. It might, however, drop to $2.94. For September, the forecasted average of Decentraland is nearly $3.06.
October 2022: Decentraland Price Forecast
In the middle of autumn 2022, the Decentraland cost will be traded at the average level of $3.18. Crypto analysts expect that in October 2022, the MANA price might fluctuate between $3.06 and $3.54.
MANA Price Forecast for November 2022
Market experts expect that in November 2022, the Decentraland value will not drop below a minimum of $3.15. The maximum peak expected this month is $3.70. The estimated average trading value will be at the level of $3.25.
December 2022: Decentraland Price Forecast
Cryptocurrency experts have carefully analyzed the range of MANA prices throughout 2022. For December 2022, their forecast is the following: the maximum trading value of Decentraland will be around $3.83, with a possibility of dropping to a minimum of $3.28. In December, the average cost will be $3.38.
Decentraland Price Prediction 2023
After the analysis of the prices of Decentraland in previous years, it is assumed that in 2023, the minimum price of Decentraland will be around $4.77. The maximum expected MANA price may be around $5.72. On average, the trading price might be $4.91 in 2023.
Decentraland Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Decentraland, in 2024, MANA is expected to have the following minimum and maximum prices: about $6.93 and $8.28, respectively. The average expected trading cost is $7.13.
Decentraland Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Decentraland and their fluctuations during the previous years. It is assumed that in 2025, the minimum MANA price might drop to $10.48, while its maximum can reach $12.05. On average, the trading cost will be around $10.77.
Decentraland Price Prediction 2026
Based on the analysis of the costs of Decentraland by crypto experts, the following maximum and minimum MANA prices are expected in 2026: $18.29 and $14.76. On average, it will be traded at $15.19.
Decentraland Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Decentraland. Based on their predictions, the estimated average MANA price will be around $22.29. It might drop to a minimum of $21.53, but it still might reach $25.83 throughout 2027.
Decentraland Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Decentraland. It is estimated that MANA will be traded between $32.56 and $36.91 in 2028. Its average cost is expected at around $33.67 during the year.
Decentraland Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Decentraland’s price. The year 2029 will be determined by the maximum MANA price of $56.99. However, its rate might drop to around $48.06. So, the expected average trading price is $49.40.
Decentraland Price Prediction 2030
After years of analysis of the Decentraland price, crypto experts are ready to provide their MANA cost estimation for 2030. It will be traded for at least $65.74, with the possible maximum peaks at $82.01. Therefore, on average, you can expect the MANA price to be around $67.71 in 2030.
Decentraland Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Decentraland’s price. The year 2031 will be determined by the maximum MANA price of $115.09. However, its rate might drop to around $94.05. So, the expected average trading price is $97.43.
Why is the price of Decentraland (MANA) rising?
It’s quite obvious that Decentraland token’s price is rising since the GameFi market is bursting with new ATHs daily.
Is MANA token a good investment?
In a modern world full of decentralized technologies, MANA is a great cryptocurrency for investment.
Can the Decentraland (MANA) price reach $5?
On November 25, 2021, MANA renewed its all-time highest price at $5.9 point.
Where can I buy Decentraland (MANA)?
It’s easy to buy MANA via the Changelly widget below:
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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