The summary of this MANA price prediction tells us that the opinion of respected crypto experts and technical-based analysis combined predict that MANA has the potential to reach anywhere between $1 to over $2 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy MANA.
“Blockchain is moving beyond cryptocurrency, and it’s worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transformative.”Julie Sweet
In recent years, virtual reality gaming has boomed in popularity. But imagine a video game where you can make money from? Or a game that allows you to play completely on your terms, in a decentralized environment? The future is now, and MANA is facilitating it. In our MANA price prediction, we cover everything there is to know about this mind-blowing altcoin and what the future holds for it.
MANA grabbed headlines back in 2018 when, on its virtual reality of Decentraland, investors started making gains of up to 500% just from buying and selling digital land. Since then, this incredible decentralized virtual world has only grown in popularity.
But are you wondering if it’s too late to start investing in MANA? You’re not alone, many people are curious about whether investing in MANA is a good idea. I was one of those people until I began to use a range of factors to research the future price of this innovative altcoin such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in MANA. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But when will Decentraland see significant gains? Our MANA price prediction will assist potential investors in finding answers to the question of how high the price of this well-established digital asset can go and when. But first, let’s look at some of the pros and cons of MANA.
Pros and cons of MANA
Like any cryptocurrency, MANA has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of MANA.
|Pros of MANA||Cons of Mana|
|✔️ Ability to design and build upon your digital real estate.|
✔️ MANA offers an affordable online alternative to conventional real estate.
|❌ Not compatible with VR technology, yet. Currently, the graphics don’t look very realistic.|
|✔️ Ability to monetize content you create in Decentraland.|
What is MANA?
Developed by an Argentinian team in 2016, MANA is the native cryptocurrency of Decentraland which is one the fastest-growing crypto-based virtual worlds and is largely based on one of the most popular multiplayer games in the world called Minecraft.
In the virtual reality universe of Decentraland, users are able to purchase land. Once they do, they’re able to do whatever they like with it from developing it, waiting for it to increase in value, or build a business and offer services. As it’s decentralized, the land is entirely yours to do what you want to do with it once you buy it.
As MANA is the native digital token of Decentraland, you can use MANA to buy parcels of LAND as well as to conduct in-world transactions. MANA will gain more usefulness as Decentraland continues to develop. It currently has a market cap of $1.4 billion.
“your land, your rules.”– Decentraland
Just like Bitcoin, parcels of LAND have an aspect of scarcity about them due to being limited to only 90,000 in existence. This scarcity, along with the ability to interact with this virtual world using MANA, sales of this innovative altcoin have skyrocketed in recent months as its reputation has become more well known as more people consider it a potentially good investment.
Do you still have questions about the Basic Attention Token and whether it could be a good investment? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about BAT to give you a better understanding of the original digital asset and its price potential.
What’s the difference between Decentraland and MANA?
Decentraland is the virtual reality platform based on the Ethereum blockchain. Here, users can buy virtual land known as LAND. With it, they can do pretty much whatever they like from building on it to waiting for it to appreciate in value, just like with physical land in real life.
To buy this land, users will pay with MANA. this is the native token of Decentraland. You can use MANA to buy parcels of LAND as well as to conduct in-world transactions. MANA will gain more usefulness as Decentraland continues to develop.
Who uses MANA?
MANA is primarily used by those looking to invest and utilize the virtual reality platform of the Decentraland world, people looking to monetize virtual reality applications, as well as digital currency investors looking to speculate on the price of MANA and its potential rise in the near future.
How does MANA gain value?
Like most cryptocurrencies, the price prognosis of MANA is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of users of the Decentraland platform, support for MANAis only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can MANA reach $10 per token?
Provided Decentraland continues to see a growing userbase and more companies and brands get into it, it can become the future of social media, brand online engagement, virtual meetings, art sales, and various other potential options. If this happens, then it’s not unlikely that MANA can hit $10 per token. However, this would be over the long term.
Where do people buy, sell, and trade MANA?
You can buy, sell, and trade MANA from various crypto trading platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
MANA Price History
MANA was released in September of 2017 following the $24 million ICO raised by Decentraland a few months prior. However, aside from the occasional price surge, the price of MANA continued to stagnate even as other digital assets moved forward. The first few years on the market saw the price bounce between $0.02 and $0.05.
But after a slow start, the bullish trend of 2020 caused the price of MANA to start moving. It began 2021 at $0.1 and rapidly began to rise further to hit a number of new all-time highs. After hitting $0.3 in February, MANA shocked everybody when it rose by over $1 in the space of only a few weeks before reaching its all-time high of $1.5678.
However, this price was not sustainable. After the recent crypto market crashes, the price of MANA dropped significantly alongside the price of many other virtual currencies. Today, the price of this virtual reality platform-based asset sits around $0.53 per token, but many predict another bull run to come in the near future. Let’s see what the experts have to say!
Expert analysis of the MANA price potential
One of the best tools we can use to try and determine the potential future price of MANA is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Trading Education is bullish on the MANA price prediction. Based on Virtual Reality maintaining its popularity and MANA being a unique model that retains a solid support base, they provide a Decentraland projection with the potential to reach around $1.40 per token by the end of 2021 and $3.50 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to MANA, they are also bullish. Wallet investor’s minimum prediction is that the price could reach $0.257 within the next year and surge by 187% to a price of $0.722 within five years.
Digital Coin Price is fairly bullish on its MANA price forecast and expects the price of Decentraland to gradually increase over the long term. DigitalCoinPrice predicts the price of Decentraland to reach $2.09 by the end of 2021 and skyrocket an additional figure of $4.04 by 2025. Overall, a long-term increase of over 700%.
Another rather bullish expert analysis on MANA is Coinpedia. They predict the price of Decentraland to potentially reach $2.20 by the end of 2021. In 2023 they expect it to potentially reach up to $5.75 by the end of the year. In the following two years, they predict that the price could rise anywhere up to $10 by 2025.
So from over $2 in the short term to over $10 in the long term, the overall expert analysis on the future price of Decentraland is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the MANA price potential
Now we move onto technical analysis to try and predict the future price of Decentraland. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
MANA Price Prediction 2021 – 2022
Since the beginning of 2021, the price of MANA skyrocketed by 1850% from $0.08 to $1.56. Now trading at around $0.53, technical analysis suggests that it’s predicted that the price of MANA will rise an additional 90% from its current price in the second half of 2021 and it’s then expected to close the year at $1.010.
MANA Price Prediction 2022 – 2023
After starting the year at $1.010, the Decentraland price forecast predicts that the price of MANA will continue to rise and finish the year at $1.587, which is a +57% gain over the course of the year.
MANA Price Prediction 2023 – 2024
After starting 2023 at $1.059, MANA is expected to rise over the next year and enter 2024 at around $1.587. This is at an overall increase of 217% from the current price.
MANA Price Prediction 2024 – 2025
After starting the year at $1.587, the Decentraland price forecast predicts that the price of MANA will rise by 46% and finish the year at an expected maximum price of $2.332, which is around a +366% gain on the current price.
In conclusion, Decntraland and its native currency of MANA are inherently unique to the crypto market. The virtual technology that allows users to buy virtual land and invest in virtual reality applications in the same way that you can with physical land, is an increasingly attractive feature due to the decentralized aspect of it all that gives users more freedom.
Overall, there are a number of factors that can affect the MANA price ranging from its total circulating supply, the price of Bitcoin, and the popularity of virtual reality (VR). Provided it maintains its customer base and continues to come up with new and innovative methods to keep people playing this VR world, then it could be a bright future ahead for the MANA price.
Whilst many people can see the significant potential in MANA tokens and believe it could be a good investment, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy MANA tokens?
One can obtain MANA tokens through a trustworthy broker on the crypto market. It is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds.
Also, eToro offers Leverage Trading on MANA. This allows you to multiply small amounts to become large powerful positions that drive massive profits when you sell Decentraland tokens to other investors or Decentraland users on the cryptocurrency market.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. MANA is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content and the historical data contained are for informational purposes only and are not investment advice. MANA and other virtual currency assets are not guaranteed to be a profitable investment. It may have a positive outlook that suggests Decentraland can hold potential rewards, and it also has potential risks involved due to cryptocurrencies being extremely volatile. Trading in the crypto world may not be suitable for all people. Anyone wishing to invest should do their own research and seek his or her own independent financial advice.