Is Decentraland Mana a Good Investment? Mana Price Prediction 2023, 2025, and 2030

Is Decentraland Mana a Good Investment? Mana Price Prediction 2023, 2025, and 2030

Is Mana a Good Investment: Yes, Mana is a Good Investment but it may not be the right time to buy Mana

Read our detailed analysis of Mana Price Prediction 2023, 2025 and 2030


Latest Mana Price

Mana Performance in the last 12 Months

  • 1 Month: +117.3% (Gala: +171.4%)
  • 3 Months: +16.0% (Gala: +52.5%)
  • 12 Months: -65.5% (Gala: -72.2%)

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.

Why was Decentraland Mana Price Crashing?

  1. April to June: The Federal Reserve began to reduce the size of its balance sheet and also increased interest rates, The Crash of LUNA took the entire crypto market lower.
  2. Decentraland’s dependence on the NFT market: MANA is the third-largest NFT token in terms of market capitalization and the third-most gaming token in terms of 24-hour trading volume (as of November 8th). Being an NFT token, MANA’s fate is very much linked to the performance of the NFT market. Therefore, its prices can vary according to how NFTs are doing in the market.
  3. Migration of users: Another reason for MANA’s decreasing price is the decline of active users on the platform. A previous report in the month of October said that Decentraland has only 600 active users despite having a market capitalization of 1.2 billion.

Why did the price of Mana rise recently?

Most of the rise came on the back of two news items – Gala looking to acquire games with high engagement and loyalty. Signals from the economic data that the Fed may not increase interest rates rapidly

That aside, there were 2 updates in the past month:

  • Launched the Land Rentals and Decentraland Editor.
  • Release Decentraland Worlds and SDK7 Alpha.

Mana vs Gala

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

To gain perspective from a different angle and to estimate when your investment in buying 1 Mana at $0.852 would go to $10, here’s a table to give you a rough idea.

% Of Growth per annumNumber of Years to reach $10
20% Growth15 Years
50% Growth8 Years

Decentraland Price Prediction $50: When will Mana reach $50?

% Of GrowthNumber of Years
20% Growth24 Years
50% Growth12 Years

MANA Coin Price Prediction 2023, 2025 and 2030 (Aggregated)

The crypto market has not been stable in the last year, the volatility rate has been very high and most of the world events, even the non-crypto events have affected the crypto market widely. Mana is a Metaverse play-to-earn coin and with the native coins losing value, the play-to-earn industry has seen a widescale drop in the number of monthly visitors. Therefore it will be highly difficult to make a long-term forecast for Mana or any other cryptocurrencies.

That said, even in 2023, the price of Mana is predicted to remain way below its all-time high. However, the current price prediction is based on the current market condition. If the market condition improves, there are chances of the price of Mana to rise in the coming years. In 2025 even if the market condition remains the same, there are chances of Mana price increasing three times than what it is now. Though even in 2025, the price of Mana is predicted to remain below its all-time high, it is predicted that Mana’s price will see an improvement 2025.

Decentraland Mana Price Prediction 2023 is $1.1

Decentraland Mana Price Prediction 2025 is $1.8

Decentraland Mana Price Prediction 2030 is $7.6

Decentraland Price Prediction: Impact of Fed Rates

Federal funds rates play a significant role in the expansion of an economy. As a result, they may also have some influence over crypto pricing. The most recent press release states that there may be another increase in the fed rates. Numerous pieces of data support the growth in fed funds rates, despite the fact that the final decision will be made by December 14.

Let’s discuss how Fed rates are supposed to increase in the coming months. Let’s first talk about the U.S. inflation numbers for November. The estimate indicates that inflation will continue to grow, which might lead to a 75-basis point increase in the federal funds rate. The job market, or the state of employment in the nation, is another influence.

According to recent statistics, U.S. firms employed more workers than they needed in October 2022, indicating that the job market was more substantial than anticipated. The overall number of people employed on non-farm payrolls climbed by 261k in October, the BLS reported in a news release. Noting that the U.S. Fed wants to keep the unemployment rate at 7.5% to pinch liquidity, the rate is currently 3.7%. It denotes that the likelihood of a rate increase by the Fed is at its highest.

Note that Investor spending may decline as a result of the Federal Reserve’s increase in interest rates. People may be less likely to risk their money in speculation and gaming, and thus in Decentraland, if there is high inflation and consequently high fed rates. Instead of speculative investments (like cryptocurrencies) such as Decentraland, a hike in the fed rate may cause investors to turn to other assets, such as banks, brokerage houses, and cash-rich companies.
In this scenario, if more people decide to cut back and sell their MANA, the price of the cryptocurrency will remain low.

Global NFT Sales Volume Index

The data shows that $158.65 is the average value of NFT sales in January 2023. The average NFT sales value in December 2022 was 143.22, which indicates a 9.7% month-over-month increase in the NFT sales value.
The average NFT sales value is steadily increasing even though there has been a reduction in the number of unique purchasers over the past four months.

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)

Best Cryptocurrency to Invest in 2023

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
Is Mana a Good Investment? Things to Know Before Investing

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. 

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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