Decentraland Price Prediction 2023-2032: Is MANA Running Out?

Think about it: A virtual casino where you can legally gamble and use crypto such as MANA to buy in. MANA is going to go through the roof. Atari has already sealed the deal. But there’s trouble in paradise: Genesis is bankrupt, and Decentraland made their dissociation clear. We need the Decentraland Price Prediction to help us shed light on these rumors and truths plaguing the industry,

Amidst all this news, the community still thinks DCL is viable. The Decentraland Foundation continues to conduct business as usual and to support the Decentraland community under the role assigned to it in the Foundation Charter. Full disclosure: The Decentraland Foundation has a credit against Genesis of principal amount approx USD ~7.8M as of today. The Treasury remains healthy, and the credit amount does not represent a substantial part of the Foundation’s treasury.

How much is MANA worth?

Today’s Decentraland price is $0.559414 with a 24-hour trading volume of $79,642,489. Decentraland is up 0.75% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $1,050,731,118 . It has a circulating supply of 1,878,271,532 MANA coins and the max. supply is not available.

What’s Decentraland?

Decentraland is a virtual reality platform based on blockchain technology. Decentraland is a virtual world like the virtual worlds depicted in the movie ‘Tron’ or ‘Ready Player One”, but in the real world. Decentraland users can use the virtual world token (MANA) to make transactions in the Decentraland marketplace. Users can buy virtual or digital land in the form of a Non Fungible token (NFT) that can be used to verify ownership in cryptocurrency.

All transactions in Decentraland require the use of MANA crypto. MANA cryptocurrency is a Decentraland coin that powers the Decentraland virtual network. As the concept of NFTs becomes more popular, the popularity of Decentraland and its cryptocurrency MANA has blown up. People can buy MANA to interact with its decentral games, which are available on most major crypto exchanges.

What is MANA?

MANA is the cryptocurrency on Decentraland – the world’s first-ever metaverse built on the Ethereum blockchain. It is a virtual reality where you can customize your appearance, explore and create, and buy a real estate property.

Decentraland’s initial coin offering achieved its goal just one hour after its release into the crypto market, raising nearly €22 million. Today, MANA is used within the platform for customizable units such as wearables, masks, or a custom name available on the website’s marketplace.

Virtual Reality is still a technology in development, and it is exciting to think about its growth potential if it decides to go hand in hand with blockchain technology. The MANA team is very competent and shows a clear inclination toward decentralized environments, which is undoubtedly an important point in assessing its development. MANA and Decentraland are trailblazers and pioneers in the new world of virtual crypto reality.

The idea was brand-new at the time, which makes MANA developers trendsetters in this field. It seems like good things always come from Ethereum, which inspires confidence in Decentraland developers. It is also a good starting point for novices in the crypto market and digital creators and investors in digital content.

Decentraland Price History

Decentraland (MANA) has increased substantially since 1st January 2021. Having returned more than 4,300% in the past year, with the technical analysis pointing the digital asset towards an uptrend, MANA shows no signs of slowing down. This is the primary reason why experts across credible and authentic cryptocurrency forecasting portals believe the MANA token has plenty of room to grow. Some analysts believe that investing in Decentraland with an eye on the long term could lead to a high percentage yield.

By creating a virtual gallery, Decentraland can expect its 172,400 followers on Twitter and more across its social media channels to patronize Decentraland and buy products using MANA. If more auction houses, artists, and galleries create a virtual version of their infrastructures, increased usage of Decentraland can reflect positively on the price of its cryptocurrency.

Decentraland Technical Analysis

Decentraland price analysis shows the altcoin climbed to a high of $0.6954, an intra-month high that it has not seen since February. Since then, prices have dropped to $0.5561, though they did remain relatively flat in between those two points.MANA price has been oscillating around the $0.5485 level since mid-April, but it is expected to increase above $0.6 in the coming weeks and months.

Decentraland’s price has remained above the monthly MA20 level since mid-February, which indicates a strong uptrend. The altcoin also managed to break out of the pennant pattern in March and is currently trading above the 0.5 Fibonacci retracement level, suggesting further bullish momentum.

The technical indicators on the charts show bears are creeping into the market, but bulls still hold the majority of power. Looking ahead, if Decentraland can remain above $0.5485, it could potentially break out of its current range and head toward the $0.70 resistance level in the near future. The MACD has crossed over to the bearish side, so traders should keep an eye on this indicator for signs that the market may be topping out.

The momentum oscillators are also showing a slight bearish bias, with the RSI dipping below 50. The Stochastic oscillator has moved into oversold territory, with a potential bullish cross in the near future. The MANA/USD pair is facing resistance at the $0.6 level, but a breakout above this point could spark a rally to the monthly high of $0.6954.

Overall, Decentraland looks poised for further gains in the near future if it can stay above the $0.5485 support level and break above its current resistance levels. Traders should keep an eye on the technical indicators for signs of a potential pullback, as any bearish signals could lead to a retracement in prices.

Given Decentraland’s current bearish momentum in the market, the support level for MANA should be around the $0.54 mark, with resistance at $0.60. However, if Decentraland breaks out of this range and above the $0.6 level, could potentially reach a new high in 2023.The EMA 50 and EMA 200 both point to an increase in the near future, which is further strengthened by a bullish Ichimoku cloud.

Overall, Decentraland looks like a promising coin to invest in for the long term. The altcoin’s current bullish momentum and technical indicators could lead to further gains in the near future as it heads toward its all-time high of $0.6954.

Decentraland Price Predictions by Cryptopolitan

Year Minimum Average Maximum 2023 $0.74 $0.76 $0.85 2024 $1.10 $1.14 $1.31 2025 $1.62 $1.68 $1.95 2026 $2.24 $2.32 $2.85 2027 $3.25 $3.37 $3.86 2028 $5.07 $5.24 $5.73 2029 $7.35 $7.61 $9.07 2030 $10.47 $10.85 $12.88 2031 $14.77 $15.32 $17.92 2032 $21.92 $22.69 $26.01

Decentraland Price Prediction 2023

According to the Decentraland price prediction, In 2023 the price of MANA is expected to reach a minimum price value of $0.74. The MANA price can reach a maximum price of $0.85, with an average value of $0.76.

Decentraland Price Prediction 2024

The Decentraland price forecast for 2024 is a minimum price of $1.10 and an average of $1.14. The price of Decentraland could climb to a maximum of $1.31 if the market conditions remain favorable.

Decentraland Price Prediction 2025

The Decentraland price prediction for 2025 is a minimum of $1.62 and an average value of $1.68. The maximum predicted value stands at $1.95 if the bull run continues in the markets.

Decentraland Price Prediction 2026

The Decentraland price prediction for 2026 is a minimum of $2.24 and an average value of $2.32. The maximum predicted value for MANA stands at $2.85..

Decentraland Price Prediction 2027

The Decentraland price prediction for 2027 suggests that the price of MANA could reach a minimum value of $3.25. The Decentraland price could reach a maximum value of $3.86, with an average trading price of $3.37 throughout 2027.

Decentraland Price Prediction 2028

According to the Decentraland MANA price prediction for 2028, the coin’s price is expected to reach a minimum value of $5.07 and an average value of $5.24, and a maximum price of $5.73 by the end of the year.

Decentraland Price Prediction 2029

The Decentraland price prediction for 2029 is a minimum of $7.35, an average value of $7.61, and a maximum price of $9.07. The Decentraland price is expected to reach all-time highs by the end of 2029 if the market remains positive.

Decentraland Price Prediction 2030

Our Decentraland price prediction for 2030 suggests MANA’s price can reach a maximum of $12.88 with an average trading price of $10.85. According to our deep technical analysis of the past performance of MANA, a minimum price of $10.47 is expected.

Decentraland Price Prediction 2031

The Decentraland price prediction for 2031 suggests the Decentraland price is expected to reach a minimum of $14.77 and an average value of $15.32, with a maximum forecast price of $17.92.

Decentraland Price Prediction 2032

Our Decentraland price forecast for 2032 forecast MANA to reach the lowest possible level of $21.92. As per our findings, the MANA price could reach the maximum level of $26.01, with the average forecast price of $22.69.

Decentraland Price Prediction by Wallet Investor

Wallet Investor is forecasting that Decentraland (MANA) may not be a good long-term investment. The coin’s price for the end of 2023 is predicted to be around $0.0353, which corresponds to a -71.86% decrease from its current value.

Decentraland Price Prediction by PricePrediction.net

PricePrediction.net has a bullish MANA price forecast for 2023 and beyond, predicting that the MANA price will reach $0.85 in 2023. The altcoin is predicted to trade at a minimum price of $2.24, an average of $2.32, and a maximum price of $2.85. Long-term price forecast by PricePrediction.net is positive,estimating MANA could trade at a maximum price of $26.01 by 2032.

Decentraland Price Prediction by DigitalCoinPrice

Digital Coin Price is forecasting a bullish Decentraland price prediction for 2023, predicting that the MANA price will reach $1.22 in 2023 and remain sustainable at this level throughout the year. The altcoin is predicted to trade at an average of $2.38, with a minimum price of $2.13 and maximum price of $2.52 in 2026. Long-term price prediction by DigitalCoin Price is quite optimistic, expecting MANA to reach a maximum MANA price of $4.15 in 2029.

Decentraland Price Prediction by Industry Experts

Decentraland’s recent inclusion in Grayscale’s cryptocurrency investment trusts has caused some market analysts to make bullish predictions for the coin’s future. Several experts have stated that MANA could potentially reach $1 by the end of 2023, and with layer 2 scaling solutions like Polygon providing low gas fees, it becomes increasingly more feasible for users to invest in Decentraland.

Furthermore, the increasing institutional interest has made MANA an attractive investment for many traders, and this could only serve to amplify any bull run that occurs in the near future. Ultimately, Decentraland’s recent progress could be a sign of things to come, and if its price follows through on predictions by market experts, then it could pave the way for a bright future.Market experts have seen Decentraland’s potential, and have given various predictions for its future price. A popular YouTube-based market expert, Mr Legend Crypto, has given a bullish technical analysis of the coin and believes it could hit $1 by 2023. Additionally, the market expert has analyzed various other technical indicators such as the Elliott Wave Theory, Fibonacci Retracements, and Ichimoku Clouds, which all point towards a potential bull run. Furthermore, the increasing institutional interest in Decentraland has encouraged traders to invest in the coin and this could be the catalyst that propels its price higher.

Conclusion

The Decentraland price analysis above is massively reliant on the historical prices of the MANA token. When investing in a crypto token, it is important to analyze its past price action in order to formulate potential price activity in the future. However, the prices aren’t only driven by past data.

Other market factors, such as FUD and FOMO, can easily manipulate short-term prices. However, above everything else, it is important to understand the project and analyze its ability to serve its users as it promises. Nearly all successful coins for the long term must be backed by an ecosystem that offers real value to crypto users. The Decentraland ecosystem is built on a solid framework that has ensured its success thus far and is projected to continue to do so.

Decentraland price predictions are based on various factors, including adoption and demand for virtual reality content creation and ownership on the Decentraland platform. Despite the furor over the bankruptcy of Genesis, our Decentraland MANA price prediction for 2025 is a bullish one, as the crypto is expected to reach a minimum price of $1.62, an average forecast of $1.68, and a maximum price of $1.95 by the end of 2025.

It’s crucial to remember that cryptocurrency markets are still incredibly volatile, making it challenging to anticipate a coin or token’s price with any degree of accuracy over the short term and even harder over the long term. As a result, forecasts made by experts and algorithm-based forecasters occasionally become inaccurate.

Moreover, it is important to understand the project and analyze its ability to serve its users as it promises. Nearly all successful coins for the long term must be backed by an ecosystem that offers real value to crypto users. The Decentraland ecosystem is built on a solid framework that has ensured its success thus far and is projected to continue to do so.

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