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The post Decentraland Price Prediction 2023 – 2025: How High Can MANA Price Go? appeared first on Coinpedia Fintech News The fast-paced world of cryptocurrencies has spread its wings towards […]
The post Decentraland Price Prediction 2023 – 2025: How High Can MANA Price Go? appeared first on Coinpedia Fintech News
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.
OverviewDecentraland Price ForecastDecentraland Crypto Price Prediction For NovemberDecentraland (MANA) Coin Price Prediction For December MANA Coin Price Prediction For 2023MANA Crypto Price Prediction For 2024Decentraland Price Prediction For 2025CoinPedia’s Decentraland (MANA) Price PredictionMarket AnalysisWhat Is Decentraland (MANA)?Fundamental AnalysisHistorical Market Analysis20172018201920202021FAQs
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CryptocurrencyDecentraland TokenMANAPrice$ 0.6599Market cap$ 0.0000Circulating Supply 0.0000Trading Volume $ 0.0000All-Time High$ 0.0000 Jan 1, 1970All-Time Low$ 0.0000 Jan 1, 1970
With the return of the “AO” in the metaverse, MANA has surged over 70% within a span of just a week. Decentraland price prediction for 2023 could range from $0.54 to $1.48 for the year.
Australian Open metaverse returns to Decentraland. The 2023 Australian Open (AO) is a grand slam tennis tournament hosted at Melbourne Park. AOmetaverse and Vegas City are the spotlight of metaverse’s entertainment destination and the largest commercial zone In Decentraland.
If the price of Decentraland’s MANA carries forward the bullish stance of the bygone year. With the impetus coming from land trades, virtual events, and developments, the price could soar to its annual closing value of $1.48.
That said, with a steady momentum without any major interference from the bears, the digital asset could trade at an average price of $0.54. However, if negative criticism strikes, the bears could haul the price down to $0.90.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20230.540.901.48
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 $2.73 by the end of 2024. In contrast, the foray of bigger firms and aggressive marketing could leave Decentraland in shade. In such a case, the digital coin would land at a low of $1.42. Collectively, considering the bullish and bearish targets, the average price might land at $2.08.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20241.422.082.73
The coming years remain crucial for Decentraland. It could turntables 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 $3.92.
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 $2.16. That said, regular buying and selling pressures could land the price at $3.11.
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20252.163.113.92
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20263.394.235.1420274.575.566.5820285.927.018.0320297.488.349.2620309.079.8610.67
MANA might grow in the future as it allows the 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 $1.48. However, bearish trends could limit the price to $0.54. And regular trade practices could land the price at $0.90.
Firm Name202320242025Wallet Investor$0.0336$0.0094$0.0068DigitalCoinPrice$1.50$1.70$2.47Trading Beasts$0.6551$0.7948$0.9734
*The aforementioned targets are the average targets set by the respective firms.
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, Land Content layer, and 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.
Decentraland is a virtual reality platform that runs on the Ethereum blockchain. It enables users to purchase land that can be later built on and monetized. It is the first virtual platform wholly-owned and managed by the users. Decentraland was co-founded by Ariel Meilich and Esteban Ordano, who launched it with an ICO of $24 million in 2017.
The protocol has three layers: the Consensus layer, Land Content layer, and Real-time layer. Decentraland employs two tokens, namely MANA and LAND. While MANA is an ERC-20 token, the latter is an ERC-721 token. It is required to burn MANA in order to acquire LAND tokens. MANA can be employed to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.
Decentraland aims to help content creators, individuals, and businesses looking for a new artistic medium or provide a platform for new business opportunities. Conversely, Decentraland’s metaverse is divided into 90,601 individual land parcels, each of which is an ERC-721 NFT. That being said, each land is exactly 256 square meters and can be located at a specific coordinate in the Metaverse.
Ariel Meilich and Esteban Ordano 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 own smart contract development startup known as Smart contract solutions.
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.
No, MANA can neither be halved nor mined.
Yes, MANA is definitely a profitable investment in the long term, factoring in the future of the metaverse.
According to our Decentraland price prediction, MANA price could soar as high as $1.48 by the end of 2023.
The altcoin could hit a maximum of $3.92 by the end of 2025. With a potential surge the price may go as high as $10.67 by the end of 2030.
The digital asset is available for trade across leading cryptocurrency exchange firms such as Coinbase Pro, Binance, Okex, and Huobi Global, amongst others.
