Overall, this Decentraland price prediction tells us that the price of MANA could potentially surge well over $10 and beyond between now and 2025. This is based on extensive technical analysis, expert advice, and historical price data. Whilst nothing is guaranteed, it looks like a virtual reality asset that could have a bright future ahead.
“VR at its best shouldn’t replace real life, just modify it, giving us access to so much just out of reach physically, economically. If you can dream it, VR can make it.”– Matthew Schnipper
Gaming has come a long way from the days of Tetris. In 2022, people worldwide can enjoy immersive games that can even be virtual reality. But one of the most underrated forms of gaming is the decentralized kind. Alongside the likes of Sandbox, Decentraland is one of the leading pioneers of this niche.
A few years ago, the idea of a video game played in a decentralized environment that players can even earn an income from would have been unthinkable. But Decentraland is making it possible by offering users the chance to buy digital land and even build profit-making virtual businesses on it.
This mind-blowing decentralized virtual reality platform naturally attracted much attention in the gaming sphere and the mainstream news. It was of enormous interest for the latter in 2018 when the press reported that Decentraland users were making profits of up to 500% on their virtual land investments.
Since then, Decentraland (MANA) has only surged in popularity and expanded its userbase and partnerships. But such an innovative project brings up a lot of questions from new and potential investors. In particular, how much it could be worth in the future.
If you’re one of these people, then you’re reading the right article. In this Decentraland (MANA) price prediction, we’ll be drawing upon all tools and insights available in an attempt to get a Decentraland (MANA) price forecast that is as accurate as possible.
While it’s impossible to get an accurate figure truly, we can use incredible tools ranging from expert insights to technical analysis to get a clear picture of what the future could hold for this decentralized virtual world and gaming asset. Now, let’s begin by explaining just what Decentraland is!
What is Decentraland (MANA)?
The Decentraland project is a virtual world that was developed by a team of programmers in Argentina back in 2015. It drew upon inspiration from Minecraft, which is one of the world’s most popular multiplayer games. Since its inception, Decentraland developed into one of the most popular decentralized multiplayer gaming environments.
Within Decentraland’s decentralized universe, players can buy virtual land when it is theirs to do what they like. From building online businesses to developing them in the hope of selling them at a profit later on, the options are limitless when it comes to Decentraland’s LAND parcels.
Like cryptocurrency, the decentralized aspect of Decentraland means players own the land they buy, and it is not split with the developers of the game in any way. When buying said land and completing other in-game transactions, users rely on the MANA token.
MANA is the native token of Decentraland used for in-game transactions but is also widely bought by investors seeking to speculate on its value. Its recent price history and impressive market cap make it a desirable investment and, as the project grows, so will its utility and possibly its value.
If you’re wondering why the parcels of land in Decentraland are increasing in value, it’s because, just like physical land, they’re not making any more of it! Like Bitcoin’s scarcity, LAND parcels are limited to 90,000. Meaning it’s undoubtedly a first-come, first-served kind of deal.
The level of customization, innovative nature, thriving community, and recent price surges have caused an increase in Decentraland and MANA users. As a result, its reputation and ability to scale are growing by the day.
Summary of Decentraland
- Decentraland is a decentralized multiplayer gaming platform where users can by virtual land, called LAND parcels, to develop.
- MANA coin is the native token of the virtual platform is used for in-game transactions in the Decentraland marketplace as well as investments.
- The virtual land in the Decentraland universe has an aspect of scarcity due to be limited to 90,000 parcels.
Pros and cons
As with any cryptocurrency project, nothing is perfect. We like to keep things honest, so let’s look at what is widely considered as the best and worst things about the Decentraland project.
|✔️ It offers digital real estate that is a decentralized and affordable alternative to the increasingly expensive world of physical real estate.||❌ The graphics are not the best.|
|✔️ Enormous customization options for LAND parcels that allow users to build to their heart’s content.|
|✔️ Users can monetize their land and turn it into an income-producing investment, just like physical property.|
Frequently Asked Questions about MANA
Decentralized gaming projects like Decentraland are inherently niche and groundbreaking projects. This results in several valid questions being asked by potential investors. In this section of our MANA price prediction, we’ll answer some of the most commonly asked questions in total.
Who is behind the Decentraland project?
Development of the Decentraland project began back in 2015, and it’s the work of Argentinian developers Ari Meilich and Esteban Ordano. But it’s important to note that a centralized organization does not control Decentraland.
Is Decentraland free to use?
Yes, it is! This is one of the most popular aspects that has drawn in many new users. You can open your browser and visit the Decentraland website to explore this fascinating decentralized universe. Of course, the land and MANA tokens must be purchased with fiat currency or other cryptocurrencies.
Can the game be played on mobile?
Yes, you do not need to be at a desktop to enjoy the innovative world of Decentraland. It’s available to Android and iOS users on a mobile, tablet, and other compatible portable devices. It just needs to be played through one of three DApp browsers: Cipher, Toshi, and TrustWallet.
How do Decentraland’s LAND parcels work?
Decentraland utilized the Ethereum blockchain to track the LAND parcels and verify ownership. As a result, holders of MANA tokens who wish to interact with the Decentraland ecosystem must use an Ethereum wallet to hold them.
Can Decentraland reach $10 per token?
Last year, MANA surged from a couple of cents per token to over $5. As a result, it’s not unlikely that it could have the potential to reach an average value of $10 in the next few years. Both technical analysis and expert opinion believe it is very likely. But of course, only time will tell.
As the Deentraland project has developed, it has made tremendous gains in useability and userbase. This has led to an awe-inspiring price history. When this historical data is studied, it can successfully attract new investors worldwide. Just take MANA’s price history from 2021, for example.
MANA started 2021 at $0.11. By March, the price had shot up to over $1 and $1.54 by April. This incredible price rise naturally led to a sell-off as investors who had made a good investment sought to take their immense profits. By May, the value had dropped to a Decentraland price equal to $0.64 and $0.43 by June.
But for savvy investors, this price dip was the perfect opportunity to buy back into the MANA journey. Those that did more than doubled their investment in just a few months when the MANA price rose past $1 once again in September.
While this was a tempting time to sell off, those who held on were in for a big reward on their good investment. October saw the price skyrocket to $3.56 per token, resulting in phenomenal gains for those who invested early enough. After a brief sell-off that saw a price dip to $2.50 in November, the most impressive price surge yet was incoming.
On the 25th of November, MANA went through a bullish trend and hit an incredible all-time high of $5.47. Naturally, this wasn’t sustainable, and it caused a sell-off. The value then dropped to its current price of between $2 and $3 per token.
But is this current dip the perfect time to buy in anticipation of the next potential price surge? Let’s see what the technical analysis section of this Decentraland price prediction has to say!
By drawing upon various price indicators, trading patterns, and charts, we can obtain an incredible technical insight into the price potential of cryptocurrencies like MANA. This section of our Decentraland price prediction will analyze its potential performance year by year between now and 2025.
Decentraland price prediction 2022-2023
The technical analysis of the Decentraland price prediction 2022 to 2023 predicts that the price journey of Decentraland’s MANA token could have a fruitful year. From its current price of between $2 and $3, it’s believed that it could end the year at an average price between $4.32 and $5.18. Meaning the Decentraland price prediction 2022 to 2023 is a rather bullish one.
Decentraland price prediction 2023-2024
After rolling into 2023 at a potential price of up to $5.18, the Decentraland price journey of MANA is only expected to keep being positive. It’s thought that the average price could be somewhere between a minimum price value of $6.10 and a maximum price of $7.45 by the end of the year.
Decentraland price prediction 2024-2025
The period between 2024 and 2025 could see MANA hit an important milestone. Technical analysis shows that Decentraland’s native token could finish the year at an average price of over $10 per token. But what do the experts think?
Expert opinions on the average price of MANA
Like the conventional gaming sphere, cryptocurrency has several famous experts who publish their opinions on major outlets like Youtube. With Decentraland’s combined decentralized aspect and gaming nature, many experts have weighed in to provide Decentraland price predictions centered around its future price value. Let’s look at some:
The well-established cryptocurrency channel Crypto Scope recently released an informative MANA price prediction that racked up tens of thousands of views. Assuming Decentraland can make the changes in regards to their prices around land and implement some changes around their software, it was thought that the Decentraland (MANA) price can reach an average price of around $300 between 3-5 years from now. Though you never know, a price value like this could take ten years or a year, or it may not reach its maximum value.
The informative Youtube channel Market Gains has hundreds of thousands of subscribers, and it’s not without good reason. They also produced a Decentraland price prediction that was more down to earth. Between now and 2025, they believed that the virtual worlds asset could reach somewhere between $15 and $30 based on its market cap and the prior journey of the Decentraland price today.
Cryptonomics Decentraland price prediction
The Youtube channel that is Cryptonomics is rapidly growing in popularity. So many potential MANA investors were thrilled when they released a detailed Decentraland price prediction. Their forecast drew upon a range of expert insights and technical analysis, and it looks like the MANA coin price could potentially reach $50 by 2025.
In summary, Decentraland has a strong position as a very niche and groundbreaking crypto project. It offers crypto and gaming enthusiasts the chance to invest in virtual land, which is more affordable and often more fun than buying physical property.
It appeals to a wide range of potential investors, but it also provides the option to make a potential stream of income from LAND parcels depending on the projects built on them. This has been realized for many users due to the serious increases in value that the platform has seen in recent years.
Suppose Decentraland continues its current progress, integrates virtual reality software, and increases its graphics. In that case, it’s highly possible that the number of users could surge combined with an increase in partnerships and institutional investors.
If it does, then the value could rise significantly as a result. But if you’re an investor seeking the best way to buy the native MANA token to speculate on its value, where do you begin? Luckily, we have the answer you’ve been looking for.
Where to buy MANA
The increasing popularity of Decentraland and its native MANA token has led to it being made available on major cryptocurrency exchanges worldwide. But for beginners, this option for buying and selling MANA can be a little overwhelming.
Instead, countless crypto experts suggest that new investors opt for a trusted brokerage. One of the most well-established and heavily used platforms is that of eToro. It has a wealth of trading tools available to help new investors find their feet and potentially revolutionize your trading journey.
Decentraland’s native MANA token is also available on eToro. But that’s not all. It offers you the chance to extensively diversify your crypto portfolio with major cryptocurrencies like Bitcoin and Ethereum to promising high-performance altcoins like Dogecoin and SAND.
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While this Decentraland price prediction is looking very positive and MANA does indeed have a lot of potentials, the crypto market is inherently volatile. Remember to do your own research on the Decentraland platform and the crypto market before investing and continually seek out your independent investment advice from a qualified professional. This Decentraland MANA price prediction is not financial advice, and it is simply speculating on the possible future of altcoins in the crypto sphere.