Decentraland Price Prediction, will MANA’s price hit $1.07?
Decentraland’s price at the same time last week was $0.55. It has moved by 7.01% in the past week and is currently at $0.61. Infact, in the past 24 hours, MANA has pumped by 4.94%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and MANA could hit $0.55 in 2024.
The total circulating supply of Decentraland as of writing this article was $1824391618.85 and the marketcap of MANA remains at $1,124,935,204.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Decentraland
Decentraland: An overview
Decentraland is a fully decentralized virtual reality platform built on the Ethereum blockchain. Within the Decentraland platform, users can create, experience, and monetize their content and applications.
Conceptualized and developed in 2015, Decentraland launched in 2017 with a vision to introduce the potential of the metaverse by harnessing blockchain technology.
The platform describes itself as the first-ever virtual world owned by its users. In essence, it represents a virtual reality ecosystem where people can buy LAND, which is a non-fungible token representing a piece of the virtual map.
The land is divided into parcels that are identified by cartesian coordinates (x,y). The parcels are permanently owned by members of the community and are purchased using its native token MANA. This paves a path toward complete control in the hands of the users over the applications they create.
The rationale behind Decentraland's creation lies in the increasing human tendency to spend more time in the virtual world. Until now, however, two-dimensional interfaces (eg mobile phones) have assumed strong dominance. Thus, a potential 3D world could enhance the virtual reality experience by leveraging its immersive characteristic to create a cluster of communities.
The pandemic in 2020 has further bolstered the platform's growth with more and more people and brands associating with the 'oldest' metaverse.
MANA's journey so far
MANA is an ERC-20 token and is Decentraland’s native cryptocurrency. It is used to purchase parcels, and wearables alongside buying other goods and services in the virtual world, thus creating utility value for the token. Also, MANA tokens will also be used to incentivize content creation and user adoption,
Additionally, the token provides each MANA holder with voting power in the Decentraland DAO.
Much like the rest of the market, MANA's performance during the current year has rather been upsetting.
The next few weeks would be vital to gauge the chances of a rebound resulting in a breakout rally. To make a relatively more informed opinion on its plausible trajectory, it becomes critical to take into account the project's in-network developments.
MANA to the moon?
- GROWTH OF THE METAVERSE
As per a recent Mckinsey & Company report, global spending in the metaverse could reach $5 trillion by 2030. This report goes on to expand the value creation prospects in the metaverse. It further states:
“It has the potential to impact everything from employee engagement to the customer experience, omnichannel sales and marketing, product innovation, and community building”
These outcomes could ultimately put Decentraland in an excellent position to capture a sizeable portion of the increasing market. Even after extrapolating the projected growth on a yearly basis, Decentraland's growth potential for the coming months seems quite promising.
- NETWORK GROWTH AND DEVELOPMENT ACTIVITY
Decentraland is exhibiting mixed signals on the front of its development activity alongside the new users joining the network. For instance, the network witnessed a consistent downtrend in the number of new addresses on Decentraland's network, especially since July this year.
This descent of network growth entails a decreasing adoption and user interest over the last few months. However, this metric has registered a slight uptrend over the last few weeks while the price action kept moving south. Should the price action follow, MANA could see an uptick in its price.
On the other side, it becomes crucial to take note of the increasing development activity in MANA's ecosystem. This metric has witnessed gradual growth since late June. Hereon, Until what period can the network sustain these high levels is the only question.
- OTHER DEVELOPMENTS
The integration of MANA with layer 2 scaling solutions like Polygon has already set the stage for reducing gas fees to nearly zero while making it feasible for users to transact.
Also, with Grayscale announcing Decentraland as an addition to its suite of crypto investment trusts, MANA has seen a definitive increase in institutional interest. This could ultimately drive more growth within the network and help maintain trust among retail investors in the long run.
Moreover, its tokenomics present a hopeful picture. Out of a total supply of nearly 2.19 billion tokens, the press time circulating supply totalLed approximately 1.86 billion tokens. With nearly 85% of the tokens already in supply, the token could reaffirm its deflationary properties in the coming times.
Decentraland (MANA) Price Analysis
Soon after its launch, the token saw rampant growth on its charts over the next few months. The bulls propelled a rally beyond the $0.5 zone to highlight a strong buying edge. Meanwhile, MANA attained its ATH on 25 November 2021 after poking the $5.9 region.
MANA Weekly Chart
Post the broader market meltdown, MANA's decline saw an over 85% depreciation as it approached to retest the $0.67-$0.75 support range. The token is now looking to rest at its yearly lows as the decline saw a rejection of lower prices from this support range.
This over-extended descent entailed a descending channel on the weekly chart. The token could see near-term rebounding chances with the support range standing sturdy.
An eventual below the $0.67 baseline would confirm a bearish bias while positioning the token to test the $0.49 support. Also, with the 20 EMA (red) and the 50 EMA (cyan) looking south, the bears took charge of the immediate trend.
However, a break above the $0.75 ceiling and the upper trendline of the down channel could induce a breakout rally. In these circumstances, potential targets would lie in the $1-$1.3 range before a bearish short-term pulldown.
The Relative Strength Index (RSI) continued to depict a one-sided selling edge after swaying in the bearish area for over five months. The buyers should look for a breach of this level to look for signs hinting at a trend reversal.
Interestingly, the CMF swayed above the zero mark after a bullish divergence with price to unveil a mildly favorable market for the buyers.
Should you consider buying MANA?
While a sense of immersion in real-time activities is something that metaverse is paving a path toward, Decentraland could be at the forefront of this growing sector. In view of the projected value creation prospects in the near-to-long term within this space, MANA would likely observe an uptick in its price.
However, from this year’s perspective, the altcoin still needs to find renewed buying pressure to escape the bonds of its descending channel. The buyers could look for the entry triggers and targets as discussed above.
Decentraland Price Prediction
Decentraland has had an eventful 2021. To simplify the latest MANA price prediction, we have divided up the prediction by short term Decentraland price prediction and long term Decentraland price prediction. As of writing this article, MANA had a trading volume of $95,588,636. Decentraland has gone down by -12.24% in the past 30 days.
According to our analysis in the short term, Decentraland price prediction for May 2023 shows the average price of MANA at $0.83 and the highest possible price for May 2023 would be $0.89.
Further, according to our analysis in the long term, Decentraland price prediction for September 2023 shows the average price of MANA at $0.86 and the highest possible price for September 2023 would be $0.92.
Decentraland's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 24 Mar 2023 | $0.63 | $0.59 | $0.67 |
| 25 Mar 2023 | $0.63 | $0.58 | $0.67 |
| 26 Mar 2023 | $0.62 | $0.58 | $0.66 |
| 27 Mar 2023 | $0.63 | $0.59 | $0.67 |
| 1 Apr 2023 | $0.66 | $0.62 | $0.71 |
| 6 Apr 2023 | $0.7 | $0.65 | $0.75 |
| 16 Apr 2023 | $0.78 | $0.72 | $0.83 |
| May 2023 | $0.83 | $0.77 | $0.89 |
| June 2023 | $0.84 | $0.78 | $0.9 |
| July 2023 | $0.85 | $0.79 | $0.91 |
| August 2023 | $0.85 | $0.79 | $0.91 |
| September 2023 | $0.86 | $0.8 | $0.92 |
| October 2023 | $0.87 | $0.81 | $0.93 |
| November 2023 | $0.88 | $0.82 | $0.94 |
| December 2023 | $0.89 | $0.82 | $0.95 |
Decentraland price prediction 24 Mar 2023: Decentraland’s price for 24 Mar 2023 according to our analysis should range between $0.59 to $0.67 and the average price of MANA should be around $0.63.
Decentraland price prediction 25 Mar 2023: Decentraland’s price for 25 Mar 2023 according to our analysis should range between $0.58 to $0.67 and the average price of MANA should be around $0.63.
Decentraland price prediction 26 Mar 2023: Decentraland’s price for 26 Mar 2023 according to our analysis should range between $0.58 to $0.66 and the average price of MANA should be around $0.62.
Decentraland price prediction 27 Mar 2023: Decentraland’s price for 27 Mar 2023 according to our analysis should range between $0.59 to $0.67 and the average price of MANA should be around $0.63.
Decentraland price prediction 1 Apr 2023: Decentraland’s price for 1 Apr 2023 according to our analysis should range between $0.62 to $0.71 and the average price of MANA should be around $0.66.
Decentraland price prediction 6 Apr 2023: Decentraland’s price for 6 Apr 2023 according to our analysis should range between $0.65 to $0.75 and the average price of MANA should be around $0.7.
Decentraland price prediction 16 Apr 2023: Decentraland’s price for 16 Apr 2023 according to our analysis should range between $0.72 to $0.83 and the average price of MANA should be around $0.78.
Decentraland price prediction May 2023: Decentraland’s price for May 2023 according to our analysis should range between $0.77 to $0.89 and the average price of MANA should be around $0.83.
Decentraland price prediction June 2023: Decentraland’s price for June 2023 according to our analysis should range between $0.78 to $0.9 and the average price of MANA should be around $0.84.
Decentraland price prediction July 2023: Decentraland’s price for July 2023 according to our analysis should range between $0.79 to $0.91 and the average price of MANA should be around $0.85.
Decentraland price prediction August 2023: Decentraland’s price for August 2023 according to our analysis should range between $0.79 to $0.91 and the average price of MANA should be around $0.85.
Decentraland price prediction September 2023: Decentraland’s price for September 2023 according to our analysis should range between $0.8 to $0.92 and the average price of MANA should be around $0.86.
Decentraland price prediction October 2023: Decentraland’s price for October 2023 according to our analysis should range between $0.81 to $0.93 and the average price of MANA should be around $0.87.
Decentraland price prediction November 2023: Decentraland’s price for November 2023 according to our analysis should range between $0.82 to $0.94 and the average price of MANA should be around $0.88.
Decentraland price prediction December 2023: Decentraland’s price for December 2023 according to our analysis should range between $0.82 to $0.95 and the average price of MANA should be around $0.89.
Decentraland's Long Term Price Prediction
Decentraland’s long term Price Prediction below is a look at MANA’s future prospect with regards to price. Decentraland was last seen at $0.61, with a market cap of $1,124,935,204 and trading volumes of $95,588,636. MANA’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $0.89 | $0.71 | $1.07 |
| 2024 | $0.46 | $0.37 | $0.55 |
| 2025 | $0.58 | $0.46 | $0.7 |
| 2026 | $0.73 | $0.59 | $0.88 |
| 2027 | $0.93 | $0.74 | $1.12 |
| 2028 | $1.17 | $0.93 | $1.41 |
| 2029 | $1.48 | $1.18 | $1.77 |
| 2030 | $1.86 | $1.49 | $2.24 |
| 2031 | $2.35 | $1.88 | $2.82 |
| 2032 | $2.96 | $2.37 | $3.55 |
| 2033 | $3.73 | $2.98 | $4.47 |
| 2034 | $4.70 | $3.76 | $5.64 |
Decentraland price prediction 2023: Decentraland’s price for 2023 according to our analysis should range between $0.71 to $1.07 and the average price of MANA should be around $0.89.
Decentraland price prediction 2024: Decentraland’s price for 2024 according to our analysis should range between $0.37 to $0.55 and the average price of MANA should be around $0.46.
Decentraland price prediction 2025: Decentraland’s price for 2025 according to our analysis should range between $0.46 to $0.7 and the average price of MANA should be around $0.58.
Decentraland price prediction 2026: Decentraland’s price for 2026 according to our analysis should range between $0.59 to $0.88 and the average price of MANA should be around $0.73.
Decentraland price prediction 2027: Decentraland’s price for 2027 according to our analysis should range between $0.74 to $1.12 and the average price of MANA should be around $0.93.
Decentraland price prediction 2028: Decentraland’s price for 2028 according to our analysis should range between $0.93 to $1.41 and the average price of MANA should be around $1.17.
Decentraland price prediction 2029: Decentraland’s price for 2029 according to our analysis should range between $1.18 to $1.77 and the average price of MANA should be around $1.48.
Decentraland price prediction 2030: Decentraland’s price for 2030 according to our analysis should range between $1.49 to $2.24 and the average price of MANA should be around $1.86.
Decentraland price prediction 2031: Decentraland’s price for 2031 according to our analysis should range between $1.88 to $2.82 and the average price of MANA should be around $2.35.
Decentraland price prediction 2032: Decentraland’s price for 2032 according to our analysis should range between $2.37 to $3.55 and the average price of MANA should be around $2.96.
Decentraland price prediction 2033: Decentraland’s price for 2033 according to our analysis should range between $2.98 to $4.47 and the average price of MANA should be around $3.73.
Decentraland price prediction 2034: Decentraland’s price for 2034 according to our analysis should range between $3.76 to $5.64 and the average price of MANA should be around $4.70.
A Historical look at Decentraland, MANA’s price:
MANA/USD Pair
MANA/EUR Pair
FAQs about Decentraland
Decentraland’s current price is $0.61 and witnessed a 4.94% increase in the past 24 hours. MANA/BTC pair saw a 1.34% increase in the past 24 hours.
Investing in Decentraland, MANA will purely depend on your personal risk appetite. As you can see over the past 24 hours Decentraland’s price has witnessed a 4.94% increase and over the past 30 days Decentraland has decreased by -12.24%. So it all depends on if this investment will hit your trading goals.
According to our latest Decentraland Price prediction for 2023, MANA should vary between $1.07 and $0.71 Please keep in mind that the crypto market is very volatile and this Decentraland price prediction does not account for extreme wild swings in price.
As per the Decentraland price prediction undefined model above, MANA’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.
According to the Decentraland Price Prediction model above, MANA’s price in 2024 would be $0.46. This price would however would range from $0.55 and $0.37.
According to the Decentraland Price Prediction model above, MANA’s price in 2025 would be $0.58. This price would however would range from $0.7 and $0.46.
According to the Decentraland Price Prediction model above, MANA’s price in 2026 would be $0.73. This price would however would range from $0.88 and $0.59.
According to the Decentraland Price Prediction model above, MANA’s price in 2027 would be $0.93. This price would however would range from $1.12 and $0.74.
According to the Decentraland Price Prediction model above, MANA’s price in 2028 would be $1.17. This price would however would range from $1.41 and $0.93.
According to the Decentraland Price Prediction model above, MANA’s price in 2029 would be $1.48. This price would however would range from $1.77 and $1.18.
According to the Decentraland Price Prediction model above, MANA’s price in 2030 would be $1.86. This price would however would range from $2.24 and $1.49.
According to the Decentraland Price Prediction model above, MANA’s price in 2031 would be $2.35. This price would however would range from $2.82 and $1.88.
According to the Decentraland Price Prediction model above, MANA’s price in 2032 would be $2.96. This price would however would range from $3.55 and $2.37.
According to the Decentraland Price Prediction model above, MANA’s price in 2033 would be $3.73. This price would however would range from $4.47 and $2.98.
According to the Decentraland Price Prediction model above, MANA’s price in 2034 would be $4.70. This price would however would range from $5.64 and $3.76.
The highest price for Decentraland was recorded in 25th November 2021 during which MANA hit an All Time High of $5.85
The price of 1 Decentraland according to current market rate is $0.61
