Decentraland (MANA) Price Prediction 2023-2030: Will MANA Price Hit $1 Soon?

• Bullish price prediction ranges of MANA from $0.9 to $1.5.
• MANA price might also reach $2 this 2023.
• MANA’s bearish market price prediction for 2023 is $0.05.

Metaverse has also played a key role in the adoption of Web3 as it opened the doors for a new world. Decentraland (MANA) is one such growing metaverse trend that has bought new individuals into this revolutionary world.  

Decentraland, as described on the website, is a virtual world owned by its users. This virtual world powered by the Ethereum blockchain allows users to create, experience, and monetize various content and services within the ecosystem. 

Furthermore, MANA is the native token of Decentraland. MANA can be used to acquire NFTs, and make payments within the Decentraland network. As the demand for metaverse projects continues to grow, there is a high chance that MANA’s price could also be affected.

If you are curious about Decentraland’s future, and MANA’s price forecast and analysis for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition’s price prediction article.  

Decentraland (MANA) Market Overview

What Is Decentraland (MANA)?

Decentraland, as described on the website, is a virtual world owned by its users. This virtual world powered by the Ethereum blockchain allows users to create, experience, and monetize various content and services within the ecosystem. Decentraland was co-founded by Ariel Meilich and Esteban Ordano, however, they currently act as advisors. 

Breaking down the architecture, Decentraland is divided into three main components: the Catalyst network, the World Explorer, and the CLI. The Calayst network is a distributed peer server that hosts content and provides the core APIs. Meanwhile, the World Explorer acts as an app where players can log into Decentraland and explore the land. The CLI is a command line interface enabling creators to develop and publish content. 

Users can also purchase ERC-721 tokens aka NFTs such as LAND and Estate. The LAND is the virtual space within the Decentraland’s virtual space, which can be purchased with MANA, while the Estate is often defined as parcels of LAND that are merged and directly adjacent to each other. 

One of the key highlights of Decentraland is that it is a place where the decisions are made by the community through the decentralized autonomous organization (DAO) governance structure. The Decentraland’s DAO allows the community to make votes and partake in the decision process regarding the issuance of grants and making changes to the lists of banned names, POIs, and catalyst nodes. These decisions are made only after the proposal is set. 

Furthermore, MANA is the native token of Decentraland. MANA can be utilized to acquire NFTs, and make payments within the Decentraland network. MANA also allows users to participate in proposals that make decisions about Decentraland’s management and developments.

Analyst View on Decentraland (MANA)

MANA has been under the spotlight for many crypto analysts. One such crypto analyst, Simon Hayes, predicted that the hourly chart seems bullish for MANA. Hayes shared an image that indicated his forecast was correct as MANA experienced a surge after two hours. 

Moreover, another crypto analyst and YouTuber under the pseudonym of “CryptoJack” addressed the Twitter community asking, “What’s the best metaverse altcoin?” CryptoJack, then, gave three options for the community such as SAND, MANA, and any other altcoin. This is an indication that MANA, similar to SAND, is one of the best metaverse altcoin. Currently, MANA is one of the top three metaverse tokens based on market capitalization, according to CoinMarketCap.

Decentraland (MANA) Current Market Status

MANA is ranked in the 61 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Decentraland’s native token is at 1,893,095,371 MANA, while its total supply is 2,193,179,327 MANA. 

Moreover, MANA is priced at $0.296, experiencing a 1.85% surge in seven days. With a market cap of $560,421,649, MANA also witnessed a 0.97% spike in 24 hours. The trading volume, valued at $44,674,033, experienced a spike of 208.60% in one day, indicating that the demand for this token is still rising.

Some of the crypto exchanges for trading MANA are currently Binance, OKX, CoinBase, KuCoin, Kraken, Uniswap, and Gemini. 

Now, let’s dive further and discuss the price analysis of Decentraland’s native token, MANA, for 2023.

Decentraland (MANA) Price Analysis 2023

Will the MANA blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the Metaverse industry affect MANA’s sentiment over time? Read more to find out about MANA’s 2023 price analysis.

Decentraland (MANA) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The candlesticks are currently trading in between a low volatile, as indicated through the horizontally positioned lower band and upper band. Earlier, even though the market volatility increased, MANA fell almost each after the bands contracted. Currently, Bollinger Bands needs to make a significant movement to enable traders to understand the metaverse token’s market entry.

Decentraland (MANA) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

After the bullish crossover observed in mid-September, the RSI continued to move upwards, indicating that the traders seem to be having a great interest in MANA despite its fall. However, MANA needs to climb up to the 60 region at least to recover from its oversold fall and start experiencing a surge in the market. Concurrently, the RSI and the SMA’s distance continues to decline, which could also mean there is a possible sign of a bearish cross.

Decentraland (MANA) Price Analysis – Moving Averages Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.

There are still green bars on the MACD, which could be a sign of the formation of green candlesticks in the chart. The MACD line also continues to move upwards parallel to the signal line. If the MACD line makes a bearish cross with the signal line, then, there is a chance that MANA may continue with its downtrend in the market.

Decentraland (MANA) Price Prediction 2023 – 2030 Overview

Decentraland (MANA) Price Prediction 2023

The candlestick falling down made MANA reach the $0.2 level, all the way from the $0.8 level. After experiencing a significant spike in 2023, the candlesticks began to fall during the duration of this year. Currently, MANA is trading at a critical level near the $0.29 level. Any further bearish sentiment in the market could crush MANA below the $0.19 level. Hence, it is important for traders to observe the market before entering the trade.

Ultimately, our price prediction for MANA remains to be bullish, expecting it to reach $0.9 or even more by the end of 2023. The bearish price prediction for MANA would be $0.05, expecting that it would not break through the current Support level. MANA could also reach $2 in case of an extremely bullish sentiment. 

Decentraland (MANA) Price Prediction – Resistance and Support Levels

Looking at the charts, MANA is currently trading near the Support level. If MANA’s current trajectory breaks beyond the weak resistance level, there is a high probability that the candlesticks could reach the Resistance 1 level at $1.5. Moreover, MANA could also reach beyond the Resistance 1 level and could reach the Resistance 2 level at $2.5, which is considered the highest bullish level for 2023. However, If MANA comes under the influence of the bears, then, the candlesticks would reach the Support level and could go even lower than $0.114.

Decentraland (MANA) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. MANA could also be affected by Bitcoin halving and could trade beyond the price of $4 by the end of 2024.

Decentraland (MANA) Price Prediction 2025

MANA could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, MANA will continue to rise in 2025 forming new resistance levels. It is expected that MANA would trade beyond the $6 level.

Decentraland (MANA) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, MANA could tumble into its support regions of $6.01. Moreover, when MANA remains in the oversold region, there could be a price correction soon. MANA, by the end of 2026, could be trading beyond the $7 resistance level after experiencing the price correction.

Decentraland (MANA) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. MANA is expected to rise after its slumber in the bear season. Moreover, MANA could even break more resistance levels as it continues to recover from the bearish run. Therefore, MANA is expected to trade at $9 by the end of 2027.

Decentraland (MANA) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, MANA will continue to form new higher highs and is expected to move in an upward trajectory. Hence, MANA would be trading at $12 after experiencing a massive surge by the end of 2028. 

Decentraland (MANA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, MANA could be trading at $14 by the end of 2029.

Decentraland (MANA) Price Prediction 2030

After witnessing a bullish run in the market, MANA and many altcoins would show signs of consolidation and might trade sideways for some time, while experiencing minor spikes. Therefore, by the end of 2030, MANA could be trading at $15.

Decentraland (MANA) Price Prediction 2040

The long-term forecast for MANA indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, MANA may face a slight fall before starting its upward journey once again. It is expected that the average price of MANA could reach $25 by 2040.

Decentraland (MANA) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, MANA could surpass the resistance level of $40.  

Conclusion

As one of the top metaverse tokens, MANA has been part of the watch-out list for many investors. If investors continue to show interest in MANA and these tokens in their portfolio, then, it could continue to rise up. MANA’s bullish price prediction shows that it could pass beyond the $0.9 level. Moreover, MANA could surpass the $40 level by the end of 2050.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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