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	$ 0.53827563 3.57%
Market Cap	$ 1,019,007,107.7155
Circulating Supply	1,893,095,370.6427
Trading Volume	$ 174,541,111.2439
All-time High	$5.90 on 25th November 2021
All-time Low	$0.00788 on 14th October 2017
24 High	$ 0.5522
24 Low	$ 0.5196

The price was seen trading in the consolidated range between $0.3536 and $0.3746 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 closed range between $0.4136 and $0.4398, after which the price regained momentum and broke out of the resistance level.

Further, the price traded sideways for a while after facing rejection at $0.4848, after which the price broke down to the support level of $0.4398. The price then displayed significant price movement in its chart for the rest of November.

December started positively as the bulls regained power over the bears and displayed a jump of over 25% over the first week. The price recently faced rejection at $0.5525, after which the price has experienced a minor correction in value.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram for almost a week, indicating a negative price action for the coin. Further, the histogram displayed a steady rise, suggesting the price will continue gaining value in the coming days.

If the bulls manage to hold power over the bears, the price will prepare itself to test the resistance level of $0.5525 in the coming days. Conversely, if the bears regain their power and a bearish trend occurs then the price will fall to the $0.5095 level. Further, if the market fails to regain momentum then the price may continue to fall and test its lower support level of $0.4848.

With the impetus 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 drop the price to $0.48.

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 the 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. 

Decentraland Price Prediction 2023 – 2030

MANA Price Prediction 2025

The coming years remain crucial for Decentraland. It could be turntable 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 of 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, the 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 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 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, the Land Content layer, and the 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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