Decentraland (MANA) is a virtual reality platform that allows the creation, experience, and financialize content and applications. This Decentraland price prediction explores not only the insights of the project but also the price movement in the years to come.
Decentraland was co-founded by Ariel Meilich and Esteban Ordano but Ordano has stepped down from his major position in the project but is still working as advisors side by side. Decentraland was initially launched in 2017 with an ICO of $24 million, while the virtual world launched its closed beta in 2019 and became public in February 2020. This virtual world is powered by the Ethereum blockchain, which lets the users buy the plots of land for navigation, buildings and monetization later.
The users have established a wide range of experiences on their LAND tokens, such as interactive games, 3D scenes and a number of other interactive experiences. The multiple layered components of Decentraland are built using Ethereum smart contracts.
The ledger is maintained by the consensus layer to track the ownership of land parcels. Each parcel of LAND has a unique coordinate, an owner, and a reference to a description file that represents the content of the parcel in the virtual world. The content layer controls the happenings inside each parcel and consists of many files needed to render them.
Decentraland (MANA) Fundamental Analysis
Decentraland is a 3D virtual reality platform established for individuals, businesses, and content creators. Users that are searching for a novel artistic application for entertainment or for business opportunities can create content and applications to get income from it. It struggles to become a network with its users as its owners while providing a pleasant and beneficial experience.
It is a shared metaverse allowing users to purchase virtual plots of land. It is a shared virtual world that allows socialization, interaction, learning, and playing opportunities to users. Hence it simply is a decentralized ecosystem to help users in exploring their own LAND, experience situations and architecture, socialize, and trade virtual assets.
Some big centralized organizations manage the network rules and content flow now to manage the high number of people spending higher time in the virtual world for work and enjoyment. To solve the problem of low pay for creators and developers, Decentraland has a decentralized infrastructure for users to collect and share content and play games, while the creators can get the full value for their efforts.
The platform also allows the artists to set up virtual galleries for their digital art and advertisers to display their brands. All the transactions get settled between Ethereum wallets, get verified by Ethereum’s network, and are logged on its blockchain.
How Does Decentraland Work?
Decentraland is among the growing projects that use a decentralized autonomous organization (DAO) structure to govern and make decisions. MANA toker holders can propose and vote on policy updates to control the behaviour of the Decentraland world, rules in upcoming LAND auctions and existing content in the Metaverse. Many Decentraland users lease, advertises, and pay experiences to currently monetize their LAND through leasing, advertising and paid experiences.
Some users also create and sell the items on the Decentraland marketplace to earn income. MANA is an ERC-20 token (based on the Ethereum blockchain) secured by a big decentralized network of miners. This means that thousands of nodes work together to protect MANA tokens against attacks.
There are two tokens in Decentraland that are MANA and LAND. There is a total of 2.8 billion MANA tokens that are the ERC-20 tokens. They are used to pay for a range of products on the decentraland marketplace, such as avatars, wearables, and names.
During the initial coin offering (ICO) in 2017, 40% of the MANA supply was sold, and 20% was saved for incentivizing the community, for the development team and early investors, and for decentraland each. The project’s lead tokens are not vested anymore.
These MANA tokens can be burned to get non-fungible ERC-721 LAND tokens, and the total MANA supply has been reduced to 600 million MANA after burning for the LAND auction. Other burn mechanisms also exist for other reduction of circulation supply of MANA, such as burning of 2.5% MANA on Decentraland marketplace transactions.
MANA’s rate of inflation has gradually reduced from the 8 percent initial rate designed in the first year, and currently, inflation is disabled, while there are no plans to initiate it before it is necessary.
Decentraland Future Plans
For the decentraland roadmap 2022, they have planned to add smart wearables to attract mode players as they intend to have many festivals, including a second birthday surprise in February and a fashion week of four days in March. A desktop client will be used to wipe out the bugs from Mac, Linux, and Windows and make the gaming experience even more smooth in future.
The plans also include a launcher to update the buildings automatically to prevent you from standing longer in front of a roller coaster loading. A mobile app will also be released soon to enter Decentraland into a subway, park bench, or coffee shop easily with a single click.
In the second half of the year, an update of the VR client would remove the bugs, graphical errors, and long time loadings to let you dive deeper into Decentraland. They also aim to lower the hindrances in the way of proposals before implementation.
The decisions of the community, including the ten commandments, should be perpetuated in code instantly. These are the important updates in their roadmap for 2022, while they have given detailed information on a number of future updates on their Trello account.
Decentraland (MANA) Price Analysis
The current Decentraland price is $1.14 with a trading volume of $1.5 billion. Coin Market Cap currently ranks it as the 33rd best cryptocurrency. Its market cap is $2 billion and has a circulating supply of 1.8 billion MANA coins now. It is considered a rapidly growing cryptocurrency nowadays.
Decentraland Price Prediction – Crypto Academy
We have predicted the future price of Decentraland (MANA) for the years 2022 to 2026 on the basis of the token’s fundamentals, its price history, and market price predictions.
Decentraland Price Prediction 2022
Our price forecast for MANA indicates that the average crypto price can reach $3 by 2022, and the maximum Decentraland price can further increase to $5 after adding smart wearables to appeal to more players and upcoming festivals; birthday surprises and a fashion week, by that time. By the end of this year can be $1.
Decentraland Price Prediction 2023
Decentraland (MANA) has maintained a fast and reliable network with the best and the smooth user experience as the desktop clients will vanish the bugs from Mac, Linux, and Windows. Based on our Decentraland price predictions, we think that the features can help the MANA gain a maximum price of $10, and a minimum price of $6, with an average price of $8 in 2023.
Decentraland Price Prediction 2024
After analyzing the Decentraland MANA price predictions in the market, we can predict the minimum price of $11, the maximum price of $18, with the average price of $15 in that year. This is because of the technological announcements, such as the launchers to manually advance the buildings to prevent you from long loadings and progress the company’s designs.
Decentraland Price Prediction 2025
Decentraland is an active community initiative and is optimistic about its future growth in terms of factors like prices, volume, upgrades, etc. Its significant momentum through market capitalization, educational initiatives, and outreach. As per our Decentraland price prediction, the MANA token can have a minimum price of $17, and a maximum price of $30, with the average long-term price of $25 in 2025.
Decentraland Price Prediction 2026
If all the market conditions remain favourable in 2026, the digital asset MANA is going to break all obstructions and perform extraordinarily with the maximum price of $45. MANA can surely have an average price of $35 and the minimum price of $40 by the end of the year 2026. This is because of the aim to decrease the way between proposals and implementation.
Decentraland Price Prediction – Market Overview
Here are the opinions about the prediction of the price of Decentraland for upcoming years by websites and experts of cryptocurrency.
Waller investors predicts that while Decentraland could rise upto the price of $5.3 in 2002, which would be an increase with a climb of 400% this year. You can buy 81.106 MANA using 100 dollars, but this investment can rise up to 901% in the next five years. The price in 2027 can be $11.116, which would be a positive revenue of around +801.54%.
Digital Coin Price
Digital Coin price predicts that the Decentraland price can have a rise of 46% to $1.5 in 2022. It seems to reach $6 in 2024. MANA coin can even have 120% in the next five years.
They expect the MANA price to reach a maximum level of $1.09 and the average price of $1.01 at the end of 2022. With their estimation through the five-year plan, they indicate the coin to hit the $4.54 mark easily. Their special and financial experts and analysts say that the highest price can be $34 by 2030.
Trading beasts price prediction reveals the forecast that the MANA price is likely to reach $3.45 by the end of 2022. The maximum trading price can be $3.43703, and the minimum trading price can be $2.33718 in a year.
Gov.Capital Decentraland price prediction reveals their long-term forecasts showing that MANA price will hit above $4.54 by the end of 2022, $6.502 by the end of 2023, and $12.82 by the end of 2026 which will make MANA a good investment in the future.
Tech News Leader price prediction comes with the highest bullish trend in the MANA price forecast, the token can get the maximum price of $5.58 in 2022. If the trend continues, the Decentraland price can hit $16.63 by 2025.
How to Buy Decentraland
You can buy Decentraland using the Coinbase app, Binance, Bybit, OKX, BTCEX, and CoinTiger. Coinbase app is a quick, easy, and secure app. Follow these three easy steps to buy it easily.
Step 1: Create an Account
Download the Coinbase app for signing up at the platform. To do so, you must have to enter a valid ID and give proof of address for the transaction, so start ready for this. The time needed for verification of your ID can take a different period of time to take place, depending on your location.
Step 2: Select a Payment Method
Then click on the payment method box and choose a payment method, such as a bank account, debit card or initiate a wire, based on your region of living.
Step 3: Buy MANA
After that, press the icon with two arrows on it and then select “Buy” and choose the desired token from the list of options. Search for the word “Decentraland” in the search bar and tap Decentraland in the results to get access to the purchase screen. Then, use the number pad to add the amount of fiat money you want to spend on buying Decentraland, as the app automatically shows the amount of money after getting converted into decentraland.
Click on the “Preview buy” after getting satisfied. The details of the purchase will appear. If everything looks alright, confirm your purchase. You will receive a notification after receiving Decentraland.
Frequently Asked Questions (FAQs)
Is MANA a Good Investment?
Yes, MANA is a good investment as this digital asset is going to eliminate all the obstructions and perform extraordinarily.
Can MANA Eventually Reach $10?
Yes, Decentraland (MANA) can reach $10 in 2023, as it has maintained a fast and reliable network, smooth user experience, and desktop clients.
Where to Buy Decentraland?
The top cryptocurrency exchanges for trading in Decentraland stock are currently Coinbase, Binance, Bybit, OKX, BTCEX, and CoinTiger.
- Decentraland (MANA) is a virtual reality platform that allows the creation, experience, and financialize content and applications.
- It was co-founded by Ariel Meilich and Esteban Ordano but has stepped down from its major position in the project but is still working as advisors side by side.
- It was initially launched in 2017 with an ICO of $24 million, while the virtual world launched its closed beta in 2019 and became public in February 2020.
- This virtual world is powered by the Ethereum blockchain, which lets the users buy the plots of land for navigation, buildings and monetization later.
- The users have established a wide range of experiences on their LAND tokens, such as interactive games, 3D scenes and a number of other interactive experiences.
- MANA is a good investment as this digital asset is going to eliminate all the obstructions and perform extraordinarily.
- Our price forecast for MANA indicates that the average crypto price can reach $3 by 2022.
- Decentraland (MANA) can reach $10 in 2023, as it has maintained a fast and reliable network, smooth user experience, and desktop clients.
- The MANA token can have a minimum price of $17, and a maximum price of $30, with an average long-term price of $25 in 2025.
- In 2026, the digital asset MANA is going to break all obstructions and perform extraordinarily with the maximum price of $45.
- The top cryptocurrency exchanges for trading in Decentraland stock are currently Coinbase, Binance, Bybit, OKX, BTCEX, and CoinTiger.