Mana Price Prediction 2023: Is Mana a Good Investment?

Latest Mana Price

Mana Performance in the Last 12 Months, June 8th

• Last 5 Days: –13.5, Outperformer*
• Last 1 Month: -22.1%, Outperformer
• Last 6 Months: +5.3%, Outperformer
• Last 12 Months: -59.8%, Outperformer

*Vs Gala Games

Mana Coin News Today, June 8th

• Decentraland announces the exit of SDK 7 from beta, providing developers with improved tools and features for creating immersive experiences in the Ethereum-based metaverse. This development highlights the platform’s progress and empowers creators to shape the future of virtual reality.
• Decentraland, the Ethereum-based metaverse, is growing and evolving. It recently integrated with Polygon and introduced wearables, user-generated emotes, and personalized small worlds.
• Mana, the decentralized blockchain network, had a busy Q1 in 2023 with successful mainnet swaps, the launch of the Solar Debit Card, Solarscan, and updates to the Desktop Wallet. Exciting District 53 events took place, and preparations were made for the upcoming Core 5.0 release.

Decentraland Mana Price Prediction for the Next 6 Hours

Decentraland Mana Price for the Next few Hours will be in the range of 0.408 and 0.422

Mana Coin Price Prediction: Technical analysis, June 8th

The technical analysis for Mana suggests a Sell recommendation.

• 14 out of 15 moving averages are indicating a strong sell signal.
• The majority of the technical indicators, such as Awesome Oscillator, STOCHRSI(14), and Bull/Bear Power(13) suggest a Neutral signal
• The MOM(10), RSI(14) and ATOCH indicating suggesting a buy signal.
• The MACD(12,26) indicating a sell signal with the value of -0.1038

Overall the Technical analysis suggests that Decentraland Mana is currently Bearish. Check out the latest Crowdwisdom360 indicators which are updated twice every day.

Mana Price Prediction Today

• Decentraland Mana Price Prediction 2023 is $0.587
• Decentraland Mana Price Prediction 2025 is $1.7
• Decentraland Mana Price Prediction 2030 is $7.2

Decentraland Mana Latest Video

Decentraland Price Prediction: Is Mana a Good Investment?

Mana is a native token of Decentraland. Decentraland is a Metaverse where players can purchase and sell land, wearables, NFTS, and other digital assets. Decentraland offers a range of experiences to players.

What is a Metaverse? It is a digital space that can offer an experience that can expand our boundaries of what we can do with our lives. Some are imagining an artificial digital replacement of the real world while others have integrated cryptocurrencies into existing games and call them Metaverse.

One of the key features of Decentraland is that players can sell and buy virtual land just like we do in reality. Many of these lands can properly be customized too. These plots are properly represented with the help of assets such as NFTs or non-fungible tokens. Many of these assets tend to rise in price (like real land) and hence contribute to the rise in the value of Mana as well.

Example: Metaverse Group is a firm that purchases digital assets and had purchased some land pieces and properly connected them together. This has led to the formation of a piece that is worth $2.4 million in total. This accounted for the largest sale that ever took place in the history of Decentraland virtual land sales. This particular sale that we are talking about took place in the Fashion Street Estate in Decentraland. With the help of the digital space, Metaverse plans on actually taking on some very high-end fashion shows by collaborating with brands in the real world.

Numerous brands have already invested in assets within Decentraland primarily for brand promotions and activations

• Sotheby’s
• Samsung
• Coca Cola
• Netflix
• Nike
• JP Morgan

Decentraland in a way operates like a national economy and the better the economy performs, the stronger the token used in that economy. In this case, Mana Coin.

The success of Decentraland therefore Mana is entirely dependent on two major factors

• Can Decentraland provide a user experience that delivers customer loyalty and repeat use?
• Can Decentraland deliver better experiences than competitors?

Social Media sentiments suggest that Decentraland is delivering high levels of satisfaction (+46% Net Sentiment Score). However, interest levels have fallen over the last 12 months in line with the drop in Mana’s price. Therefore, the interest levels for Decentraland are being driven by Mana and not the other way. We believe that irrespective of the price movements recently, Decentraland Mana is not a good case for Investment.

To Summarize

• There aren’t enough users and like any social media, not enough users means there isn’t much to do
• User experience is quite ordinary
• It is unclear what problem Decentraland is solving at the moment.

Decentraland appears to have no stand-out value without the Token. At the moment, it appears Decentraland is NOT a Good Investment.

Decentraland Price Prediction $10: When will Mana reach $10?

As we mentioned earlier, Mana is not a good case for investment and particularly now that the price has risen 100% in just 30 days. Having said that, in the event that Decentraland were to somehow resolve many of the issues outlined earlier (User Experience, User loyalty, and such) and Mana was to rise at 25% every year, it would take Mana 12 years to reach $10. However, the time frames may be much less if Decentraland resolves most issues and AR/VR experiences manifold.

Mana Price Prediction $50

Beyond Metaverse-related issues, outlined earlier, Macroeconomic issues play a critical factor in how Mana may rise in the future. A favorable liquidity environment could drive growth figures beyond the ordinary to perhaps as high as 50% every year. At 50% every year, Mana could reach $50 in about 7 years, that is 69x return in just 7 tears. At 50x, Decentraland would have a Market Cap of $90 Billion which isn’t much for a good gaming platform.

Mana Price Prediction $100: Is it Really Possible?

The last element that can drive Mana’s success is an active Burn program. While a Price Prediction of $100 appears quite a stretch, it could all change if there was an active burn program that eliminates about 50% of the Tokens. That could push Mana to $100 by the end of this decade.

Beyond Metaverse-related issues, outlined earlier, Macroeconomic issues play a critical factor in how Mana may rise in the future. A favorable liquidity environment could drive growth figures beyond the ordinary to perhaps as high as 50% every year. At 50% every year, Mana could reach $50 in about 7 years, that is 69x return in just 7 tears. At 50x, Decentraland would have a Market Cap of $90 Billion which isn’t much for a good gaming platform.

Mana Price Prediction $1000: When will Mana Reach $1000?

Whatever the scenario, Mana is unlikely to reach $1000. One could have a different view is Metaverse’s take-off in the next few years but there isn’t any evidence that it will happen anytime soon.

Whatever the scenario, Mana is unlikely to reach $1000. One could have a different view is Metaverse’s take-off in the next few years but there isn’t any evidence that it will happen anytime soon.

Mana Price Prediction: Can Mana Reach $10000?

To reach $10000, Mana will need to rise 14493 times. At $10,000 Mana’s Market Cap will be $18.5 Trillion. Lastly, if Mana were to rise at 50% every year, it will take it 24 years to reach $10000.

Analyzing the above information. In theory, it is possible to rise 14493 times, this has happened with numerous cryptocurrencies. However, no cryptocurrency with a market cap of $1B has ever accomplished this. Secondly, the forecasted Market Cap of $18.5 trillion is about 8 times the current Market Cap of Apple. Mana is unlikely to reach this level anytime soon or most likely never.

Taking all these data sets into account, it would be impossible to accomplish this target of $10000. However, should Mana decide to burn 99.9% of the tokens, it would be a much more realistic target.

Mana vs Gala

How to Invest in Decentraland?

• Investments and Purchases in Decentraland take place at the Decentraland Market Place
• To Purchase anything on Decentraland, you must connect your Metamask, Fortmatic, WalletConnect, or Coinbase Wallet.
• Payment can be made via Ether or Matic

How to Invest in Mana?

Here are a few steps on how you can buy Decentraland Mana tokens:

1. The very first step is to create an account with any of the exchanges. The exchanges could be Coinbase, Binance, FTX, Crypto.com, Kraken, etc.
2. In order to create an account, you will need some basic documentation that ensures KYC so that these exchanges are not used for Money Laundering.
3. Each of these exchanges has various features and transaction fees. So evaluate them carefully.
4. Once you have created your account, the next step is to link your banking account or a payment account with the exchange.
5. Once a payment method (Bank account, debit or credit card, wire transfer) is linked the next step is to fund the account
6. Once the fund is added, start trading by selecting the Mana trading symbol and then enter the quantity
7. You can store your crypto in the trading account or your personal wallet (You need to open another account for that)

Also Read:

• Enjin Price Prediction
• Sandbox Price Prediction
• Best Cryptocurrency to Invest in 2023

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.