Thursday, December 8, 2022
 

Decentraland (MANA) Price Prediction: Will MANA Price Hit $6 in 2022?

  • Bullish Decentraland (MANA) price prediction ranges from $1.4000 to $1.7487.
  • Analysis suggests that MANA price might reach $6 soon.
  • MANA’s bearish market price prediction for 2022 is $0.6378.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Decentraland (MANA) is one of them.

Decentraland is an Ethereum-based software designed to motivate a global network of users to manage a shared virtual world. Using the Ethereum blockchain-based MANA cryptocurrency, users can purchase non-fungible tokens (NFTs) representing virtual land parcels on the site.

If you are interested in the future of MANA and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Decentraland (MANA)?

Decentraland (MANA) describes itself as a blockchain-powered virtual reality platform that enables users to develop, experience, and monetize content and applications. In this virtual environment, people purchase land parcels that they can subsequently traverse, construct, and monetize. MANA and LAND are the two tokens used by Decentraland. MANA is an ERC-20 token that must be burned to acquire ERC-721 LAND tokens, which are non-fungible. MANA coins can also be used on the Decentraland marketplace to purchase a variety of avatars, accessories, names, and more.

Decentraland is designed for content creators, enterprises, and individuals in search of a new artistic medium, commercial opportunity, or entertainment source. The Decentraland gameworld, also known as the “Metaverse,” consists of 90,601 unique parcels of LAND, each represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (256 square meters) and is located at a certain Metaverse position.

Though LAND owners are free to develop their plots as they see fit, the vast majority of the Metaverse is grouped into distinct districts of varying sizes and subjects. These districts were created through separate crowdsales of MANA tokens, and LAND parcels in these districts cannot be sold.

Decentraland is one of the rising numbers of initiatives that uses a decentralized autonomous organization (DAO) governance structure. By proposing and voting on policy updates, the nature of upcoming LAND auctions, and the types of content permitted within the Metaverse, MANA token holders exert power over the behavior of the Decentraland universe. Many Decentraland users currently monetize their LAND through leasing, advertising, and paid experiences, in addition to using it as a creative outlet. Similarly, other users gain cash by developing and selling things for MANA tokens on the Decentraland marketplace.

MANA is an ERC-20 token. This indicates that it utilizes the Ethereum blockchain. Ethereum is protected by a vast, decentralized network of miners that collaborate with tens of thousands of nodes to ensure that the Ethereum blockchain—and, by extension, the MANA tokens—are safe from assault. Ethereum, as one of the most battle-tested blockchains currently in use, is the most popular network for crypto coins that lack their own native blockchain.

Decentraland (MANA) Current Market Status

With 1,852,423,197 MANA in circulation, Decentraland (MANA) trades at $1.01 at the time of writing. MANA has a 24-hour trading volume of $155,880,476.68, and during the previous 24 hours, the price of MANA has decreased by 3.66%.

At the moment, the most popular exchanges to trade Decentraland (MANA) are Binance, BTCEX, OKX, Bybit, and BingX. Let’s continue with our MANA price research for 2022.

Decentraland (MANA) Price Analysis 2022

Currently, MANA ranks 36th on CoinMarketCap. Will the MANA blockchain’s most recent improvements, additions, and modifications help its price rise? Now, let’s focus on the charts in this article’s MANA price forecast first.

Decentraland (MANA) Price Analysis – Keltner Channel

MANA/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
MANA/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Decentraland (MANA) can be predicted using the Keltner Channel indications for MANA/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Also, since the last candlestick is bearish, the price may retrace for a while. 

Decentraland (MANA) Price Analysis – Relative Strength Index

MANA/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
MANA/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 49.68. A movement above 50 indicates that more traders are selling MANA rather than buying, and are driving the price down. 

Decentraland (MANA) Price Analysis – Moving Average

MANA/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
MANA/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Decentraland (MANA)’s 200-day, 100-day, and 50-day Moving Averages (MAs). MANA is now running sideways and slightly forming an uptrend after touching the support. Notably, the MANA 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of Decentraland (MANA) may see a significant gain or decline in the future.

Decentraland (MANA) Price Prediction 2022

MANA/USDT 1-Day Chart  (Source: TradingView)
MANA/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of MANA/USDT, MANA price was swinging from $0.7306 to $1.3447 after touching the support level of $0.7592-$0.6378. Bouncing back from the support level, MANA is now going sideways in the market and is expected to break out the bearish flag.

Meanwhile, our long-term MANA price prediction for 2022 is bullish since it cannot break the support level. We can expect MANA to reach $1.4000 this year. 

Decentraland (MANA) Price – Resistance and Support Levels

MANA/USDT 1-Day Chart (Source: TradingView)
MANA/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of MANA has decreased in the past few months. Moreover, the price of MANA is down by 4.16% in the past 24 hours after a slight pump during the week. If this continues, MANA might keep running bulls, breaking its $1.2876 resistance 1 level and the double top formation, and eventually moving higher to $1.4233.

If MANA cannot break the $1.2876 resistance 1 level, the bears may seize control and dethrone MANA to a downtrend stance. In simple terms, the price of MANA might fall to almost $0.6378, indicating a negative signal given by the previous support level.

Decentraland (MANA) Price Prediction 2023 

Decentraland (MANA) will hit $1.8620 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.5876. The growth will thereafter moderate, but no significant drops are forecast. 

Decentraland (MANA) Price Prediction 2024 

Decentraland (MANA) price can rise to incredible heights, peaking at $2.6349. This is only feasible if the market continues its upward path and only if MANA breaks through the past psychological resistance levels.

Decentraland (MANA) Price Prediction 2025

MANA prices might grow to $3.2595 during the next three years. Furthermore, hitting this level may not be so tough for MANA because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Decentraland (MANA) Price Prediction 2026

MANA prices might grow to $3.8695 during the next four years. Furthermore, hitting this level may not be so tough for MANA because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Decentraland (MANA) Price Prediction 2027

MANA prices might soar to $4.7588 in the next five years. Furthermore, hitting this level may not be so tough for MANA as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Decentraland (MANA) Price Prediction 2028

In the next six years, MANA prices could rise to $5.9915. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Decentraland (MANA) Price Prediction 2029

In the next seven years, MANA prices could rise to $9.1628. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Decentraland (MANA) Price Prediction 2030

In the next eight years, MANA prices could rise to $14.4562. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $7 if investors have decided that MANA is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is MANA?

Decentraland (MANA) describes itself as a blockchain-powered virtual reality platform that enables users to develop, experience, and monetize content and applications. In this virtual environment, people purchase land parcels that they can subsequently traverse, construct, and monetize. MANA and LAND are the two tokens used by Decentraland. MANA is an ERC-20 token that must be burned to acquire ERC-721 LAND tokens, which are non-fungible. MANA coins can also be used on the Decentraland marketplace to purchase a variety of avatars, accessories, names, and more.

How to buy MANA tokens?

Like other digital assets in the crypto world, MANA can be traded on many exchanges. Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading MANA.

Will MANA surpass its current ATH?

Since MANA provides investors with several opportunities to profit from their crypto lands and assets, MANA seems to be a really good investment in 2022. Notably, MANA has a high possibility of surpassing its current ATH in 2028.

Can MANA reach $6 soon?

In terms of active crypto assets, MANA is one of the few that continues to rise in value. As long as this bullish trend continues, MANA might break through $3.8695 and reach above  $6. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is MANA a good investment in 2022?

As one of the fastest-rising cryptocurrencies, MANA is expected to continue its rise. We may also conclude that MANA is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of MANA?

The lowest price of MANA is $0.007883, which was attained on October 13, 2017, according to CoinMarketCap.

Which year was MANA launched?

MANA was launched on 2020.

Who are the co-founders of MANA?

MANA was founded by Ariel Meilich and Esteban Ordano.

What is the maximum supply of MANA?

There is no data.

How do I store MANA?

MANA can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the MANA price in 2023?

MANA price is expected to reach $1.8620 by 2023.

What will be the MANA price in 2024?

MANA price is expected to reach $2.6349 by 2024.

What will be the MANA price in 2025?

MANA price is expected to reach $3.2595 by 2025.

What will be the MANA price in 2026?

MANA price is expected to reach $3.8695 by 2026.

What will be the MANA price in 2027?

MANA price is expected to reach $4.7588 by 2027.

What will be the MANA price in 2028?

MANA price is expected to reach $5.9915 by 2028.

What will be the MANA price in 2029?

MANA price is expected to reach $9.1628 by 2029.

What will be the MANA price in 2030?

MANA price is expected to reach $14.4562 by 2030.

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.

More Crypto Price Predictions:

  • Bullish Decentraland (MANA) price prediction ranges from $1.4000 to $1.7487.
  • Analysis suggests that MANA price might reach $6 soon.
  • MANA’s bearish market price prediction for 2022 is $0.6378.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Decentraland (MANA) is one of them.

Decentraland is an Ethereum-based software designed to motivate a global network of users to manage a shared virtual world. Using the Ethereum blockchain-based MANA cryptocurrency, users can purchase non-fungible tokens (NFTs) representing virtual land parcels on the site.

If you are interested in the future of MANA and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!

What Is Decentraland (MANA)?

Decentraland (MANA) describes itself as a blockchain-powered virtual reality platform that enables users to develop, experience, and monetize content and applications. In this virtual environment, people purchase land parcels that they can subsequently traverse, construct, and monetize. MANA and LAND are the two tokens used by Decentraland. MANA is an ERC-20 token that must be burned to acquire ERC-721 LAND tokens, which are non-fungible. MANA coins can also be used on the Decentraland marketplace to purchase a variety of avatars, accessories, names, and more.

Decentraland is designed for content creators, enterprises, and individuals in search of a new artistic medium, commercial opportunity, or entertainment source. The Decentraland gameworld, also known as the “Metaverse,” consists of 90,601 unique parcels of LAND, each represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (256 square meters) and is located at a certain Metaverse position.

Though LAND owners are free to develop their plots as they see fit, the vast majority of the Metaverse is grouped into distinct districts of varying sizes and subjects. These districts were created through separate crowdsales of MANA tokens, and LAND parcels in these districts cannot be sold.

Decentraland is one of the rising numbers of initiatives that uses a decentralized autonomous organization (DAO) governance structure. By proposing and voting on policy updates, the nature of upcoming LAND auctions, and the types of content permitted within the Metaverse, MANA token holders exert power over the behavior of the Decentraland universe. Many Decentraland users currently monetize their LAND through leasing, advertising, and paid experiences, in addition to using it as a creative outlet. Similarly, other users gain cash by developing and selling things for MANA tokens on the Decentraland marketplace.

MANA is an ERC-20 token. This indicates that it utilizes the Ethereum blockchain. Ethereum is protected by a vast, decentralized network of miners that collaborate with tens of thousands of nodes to ensure that the Ethereum blockchain—and, by extension, the MANA tokens—are safe from assault. Ethereum, as one of the most battle-tested blockchains currently in use, is the most popular network for crypto coins that lack their own native blockchain.

Decentraland (MANA) Current Market Status

With 1,852,423,197 MANA in circulation, Decentraland (MANA) trades at $1.01 at the time of writing. MANA has a 24-hour trading volume of $155,880,476.68, and during the previous 24 hours, the price of MANA has decreased by 3.66%.

At the moment, the most popular exchanges to trade Decentraland (MANA) are Binance, BTCEX, OKX, Bybit, and BingX. Let’s continue with our MANA price research for 2022.

Decentraland (MANA) Price Analysis 2022

Currently, MANA ranks 36th on CoinMarketCap. Will the MANA blockchain’s most recent improvements, additions, and modifications help its price rise? Now, let’s focus on the charts in this article’s MANA price forecast first.

Decentraland (MANA) Price Analysis – Keltner Channel

MANA/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)
MANA/USDT 1-Day Chart Showing Keltner Channel (Source: TradingView)

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. The price of Decentraland (MANA) can be predicted using the Keltner Channel indications for MANA/USDT. It may go on an uptrend since the price has already broken out at the first half of the channel from the bottom. Also, since the last candlestick is bearish, the price may retrace for a while. 

Decentraland (MANA) Price Analysis – Relative Strength Index

MANA/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)
MANA/USDT 1-Day Chart Showing Relative Strength Index (Source: TradingView)

In technical analysis, the relative strength index (RSI) is a momentum indicator. The RSI examines the speed and amplitude of a security’s recent price swings to determine if it is overvalued or undervalued. The RSI value of the 1-Day chart is 49.68. A movement above 50 indicates that more traders are selling MANA rather than buying, and are driving the price down. 

Decentraland (MANA) Price Analysis – Moving Average

MANA/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)
MANA/USDT 1-Day Chart Showing 200-MA, 100-MA, and 50-MA (Source: TradingView)

Above is a daily chart of Decentraland (MANA)’s 200-day, 100-day, and 50-day Moving Averages (MAs). MANA is now running sideways and slightly forming an uptrend after touching the support. Notably, the MANA 50-day MA is below the 200-day MA (long-term), indicating that the market is entirely bearish. Because the 200-MA is above the 100-MA, we may conclude that the price is bullish for long-term buyers.  Furthermore, because the difference between the moving averages is large and within the recently formed candlesticks, the price of Decentraland (MANA) may see a significant gain or decline in the future.

Decentraland (MANA) Price Prediction 2022

MANA/USDT 1-Day Chart  (Source: TradingView)
MANA/USDT 1-Day Chart  (Source: TradingView)

By looking at the daily chart of MANA/USDT, MANA price was swinging from $0.7306 to $1.3447 after touching the support level of $0.7592-$0.6378. Bouncing back from the support level, MANA is now going sideways in the market and is expected to break out the bearish flag.

Meanwhile, our long-term MANA price prediction for 2022 is bullish since it cannot break the support level. We can expect MANA to reach $1.4000 this year. 

Decentraland (MANA) Price – Resistance and Support Levels

MANA/USDT 1-Day Chart (Source: TradingView)
MANA/USDT 1-Day Chart (Source: TradingView)

This chart below shows that the price of MANA has decreased in the past few months. Moreover, the price of MANA is down by 4.16% in the past 24 hours after a slight pump during the week. If this continues, MANA might keep running bulls, breaking its $1.2876 resistance 1 level and the double top formation, and eventually moving higher to $1.4233.

If MANA cannot break the $1.2876 resistance 1 level, the bears may seize control and dethrone MANA to a downtrend stance. In simple terms, the price of MANA might fall to almost $0.6378, indicating a negative signal given by the previous support level.

Decentraland (MANA) Price Prediction 2023 

Decentraland (MANA) will hit $1.8620 by the end of 2023 if the current bullish trend continues. Furthermore, the first part of 2023 will see rapid growth from $0.5876. The growth will thereafter moderate, but no significant drops are forecast. 

Decentraland (MANA) Price Prediction 2024 

Decentraland (MANA) price can rise to incredible heights, peaking at $2.6349. This is only feasible if the market continues its upward path and only if MANA breaks through the past psychological resistance levels.

Decentraland (MANA) Price Prediction 2025

MANA prices might grow to $3.2595 during the next three years. Furthermore, hitting this level may not be so tough for MANA because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Decentraland (MANA) Price Prediction 2026

MANA prices might grow to $3.8695 during the next four years. Furthermore, hitting this level may not be so tough for MANA because the new medium, short-term and long-term price objectives for purchase or sell orders, may be discovered.

Decentraland (MANA) Price Prediction 2027

MANA prices might soar to $4.7588 in the next five years. Furthermore, hitting this level may not be so tough for MANA as other mediums, short-term and long-term price objectives for purchase or sell orders, may be discovered. 

Decentraland (MANA) Price Prediction 2028

In the next six years, MANA prices could rise to $5.9915. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Decentraland (MANA) Price Prediction 2029

In the next seven years, MANA prices could rise to $9.1628. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Decentraland (MANA) Price Prediction 2030

In the next eight years, MANA prices could rise to $14.4562. More so, reaching this level could not be so difficult for MANA as additional medium, short-term and long-term price targets, could be found to purchase or sell orders. According to the forecast, MANA has a strong chance of reaching the previous ATH.

Conclusion

As said above, it may even reach above $7 if investors have decided that MANA is a good investment, along with mainstream cryptocurrencies.   

FAQ

What is MANA?

Decentraland (MANA) describes itself as a blockchain-powered virtual reality platform that enables users to develop, experience, and monetize content and applications. In this virtual environment, people purchase land parcels that they can subsequently traverse, construct, and monetize. MANA and LAND are the two tokens used by Decentraland. MANA is an ERC-20 token that must be burned to acquire ERC-721 LAND tokens, which are non-fungible. MANA coins can also be used on the Decentraland marketplace to purchase a variety of avatars, accessories, names, and more.

How to buy MANA tokens?

Like other digital assets in the crypto world, MANA can be traded on many exchanges. Binance, BTCEX, OKX, Bybit, and BingX are currently the most popular cryptocurrency exchanges for trading MANA.

Will MANA surpass its current ATH?

Since MANA provides investors with several opportunities to profit from their crypto lands and assets, MANA seems to be a really good investment in 2022. Notably, MANA has a high possibility of surpassing its current ATH in 2028.

Can MANA reach $6 soon?

In terms of active crypto assets, MANA is one of the few that continues to rise in value. As long as this bullish trend continues, MANA might break through $3.8695 and reach above  $6. Of course, if the current market favoring crypto continues, this is extremely likely to happen.

Is MANA a good investment in 2022?

As one of the fastest-rising cryptocurrencies, MANA is expected to continue its rise. We may also conclude that MANA is an excellent cryptocurrency to invest in this year, given the recent partnerships that have enhanced its acceptance.

What is the lowest price of MANA?

The lowest price of MANA is $0.007883, which was attained on October 13, 2017, according to CoinMarketCap.

Which year was MANA launched?

MANA was launched on 2020.

Who are the co-founders of MANA?

MANA was founded by Ariel Meilich and Esteban Ordano.

What is the maximum supply of MANA?

There is no data.

How do I store MANA?

MANA can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the MANA price in 2023?

MANA price is expected to reach $1.8620 by 2023.

What will be the MANA price in 2024?

MANA price is expected to reach $2.6349 by 2024.

What will be the MANA price in 2025?

MANA price is expected to reach $3.2595 by 2025.

What will be the MANA price in 2026?

MANA price is expected to reach $3.8695 by 2026.

What will be the MANA price in 2027?

MANA price is expected to reach $4.7588 by 2027.

What will be the MANA price in 2028?

MANA price is expected to reach $5.9915 by 2028.

What will be the MANA price in 2029?

MANA price is expected to reach $9.1628 by 2029.

What will be the MANA price in 2030?

MANA price is expected to reach $14.4562 by 2030.

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.

More Crypto Price Predictions:

 

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