In this guide, we will voice our own and market’s opinion on MANA future while discussing Decentraland price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Decentraland.
Now, let’s head into it. Before we delve deep into the Decentraland price prediction and answer questions if MANA is a good investment or not, why will MANA succeed or fail or why will Decentraland price rise or drop, let’s quickly throw a glance at what is MANA and its to date history.
Our MANA price forecast suggests the token price will be around $0.3057 in the next 90 days.
👉 Decentraland Price Prediction 2024
Our MANA price forecast suggests the token price will be around $0.7466 in 2024.
👉 Decentraland Price Prediction 2025
We predict the Decentraland price to hover around $1.02 in 2025 based on our analysis.
👉 Decentraland Price Prediction 2026
In 2026, we expect the Decentraland price to be approximately $1.16 according to our price prediction model.
👉 Decentraland Price Prediction 2027
Our MANA prediction indicates the token price will be in the vicinity of $1.47 in 2027.
👉 Decentraland Price Prediction 2028
For 2028, we forecast the MANA price to be around $1.77 given current trends.
👉 Decentraland Price Prediction 2029
Looking ahead to 2029, we estimate the Decentraland price will settle around $2.08.
👉 Decentraland Price Prediction 2030
Our MANA price prediction suggests a token price of about $2.19 by 2030 based on projected growth.
What you'll learn 👉
What is Decentraland?
Decentraland (MANA) is a virtual reality game that replicates real-world experiences in a 3D space. This Ethereum-powered platform is an expansive metaverse owned by its users, offering the tools to craft unique spaces, marketplaces, and applications with its proprietary tokens: LAND, Estate, and MANA. Developed by Argentine creators Ari Meilich and Esteban Ordano, Decentraland has been evolving since 2015 and officially launched in 2017.
What sets Decentraland apart from other virtual reality experiences is the level of control it grants its users. Through a Decentralized Autonomous Organization (DAO), participants can vote on game and policy decisions, effectively shaping the platform’s future. Governance in Decentraland is in the hands of MANA token holders and LAND owners, creating a community-driven ecosystem.
Access to Decentraland is facilitated by connecting an Ethereum wallet, but there’s also the option for guests to explore without one. The platform is structured around three core layers: consensus, content, and real-time interaction. Utilizing the Ethereum blockchain and smart contracts, Decentraland ensures secure ownership and transaction records for digital assets.
Despite facing criticism for technical issues and a sparse virtual landscape, Decentraland remains a significant player in the burgeoning metaverse arena, with its MANA token being a leading cryptocurrency that underpins the platform’s primary functionalities.
In essence, Decentraland is a blockchain-based virtual world that empowers users to forge their own digital environments and economies, with governance facilitated by the Decentraland DAO, all while leveraging the Ethereum network to maintain a reliable record of ownership and transactions.
MANA Drives Decentraland’s Virtual Economy
Decentraland’s currency is MANA, a native ERC-20 token with a limited supply. Every time some purchases an NFT (non-fungible token), the platform burns a percentage of its MANA supply. Non-fungible signifies something unique. For example, an artwork is non-fungible, while currency, such as Ether or MANA, is fungible.
MANA Price Prediction For The Next 90 Days
As the first part of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards post-halving rallies, with the BTC halving now behind us. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading around $65k now, after it hit a new ATH of $73k in March. Ethereum also had its own ETFs approved by SEC. The ETH price is currently around $3,500 and still has not broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.3 trillion.
Below is a tabular overview of how will MANA develop in the short-term (for the next 90 days), according to our prediction model:
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Decentraland Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
MANA Price Prediction 2025 – 2030 – 2040
Our prediction model sees MANA reaching new highs in 2025:
$1.02MANA price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Market Price Predictions
Here are the Decentraland (MANA) price projections for 2024 and beyond, as forecasted by five experts:
- CoinCodex envisions that Decentraland’s price in 2025 may range from $0.397795 on the lower end to $1.175177 on the high end. According to their chart, they predict a 10.51% increase, reaching $0.333123 by October 4, 2023.
- CryptoNewsZ suggests that by the end of 2023, the maximum price for Decentraland could be approximately $0.95. If the bullish trend continues, the price may soar to $2.86 in 2027. Their experts estimate a price of $1.71 in 2025.
- Coinpedia anticipates that in 2024, the minimum Decentraland price could be around $0.315, with a maximum expected MANA price of roughly $0.533. On average, they project a trading price of $0.750 for 2024.
- Coin Price Forecast predicts that Decentraland’s price will reach $0.58 at the close of 2023, marking a year-to-year increase of +97%. In 2025, they forecast a price of $0.67, reflecting a 52% rise.
- Price Prediction offers a longer-term perspective, envisioning Decentraland hitting a peak price of $14.59 by 2030. They suggest that the MANA price may reach a maximum of $2.25, with an average forecast price of $1.96 in 2027. In 2028, the price is predicted to bottom out at a minimum of $2.80, while reaching a maximum of $3.25, with an average trading price of $2.88.
Should You Invest in Decentraland?
Considering the varied expert analyses and predictions for Decentraland’s MANA token, it’s clear that there is a sense of cautious optimism about its future value. The projections for 2024 and beyond show a general trend of growth, with some experts forecasting significant increases in price. This aligns with the broader trend of increasing interest in virtual worlds and the metaverse, which could drive demand for tokens like MANA that power these digital ecosystems.
Yet, it’s essential to invest only what you can afford to lose and stay informed about the latest market trends and technological developments within the Decentraland ecosystem.
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