Is Mana a Good Investment? Things to Know Before Investing

Is Mana a Good Investment? Things to Know Before Investing

Is Mana a Good Investment? Yes, it is a good investment contingent on certain technology advances and adoption rates

Read: Decentraland Mana Price Prediction

Before we get into deciding whether Mana is worth investing in, let us understand the Token a little more in detail.

Is Mana a Good Investment? Understanding Decentraland and Metaverse

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.

See pic below.

Is Mana a Good Investment

Here is a pic of the Decentraland Marketplace where Mana can be spent and earned.

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.

Decentraland NFT statistics show very thin volumes of about $60k a day. Mana’s market cap at $1.32 B looks quite steep.

Is Mana Coin a Good investment?

Decentraland Mana has been a good investment in 2021. The price of Decentraland cryptocurrency peaked at a height of about $5.48 in the month of November 2021, quite specifically on the 24th of November. However, the metaverse token has crashed since attaining the all-time high in November. The news of Samsung tying up with Decentraland for their Metaverse project led to Mana gaining its trading value. But the gain was limited.

In the short term, the adoption rates and low sales volume suggest it is not a good coin to invest in.

ManaSolana
Last 1 Month-22.0%-19.3%
Last 3 Months-7.5%+1.2%
YTD-78.8%-82.5%

When benchmarked with Solana (which has an NFT Focus), Mana appears to be struggling during the last 3 months. Solana itself is a laggard performer.

Is Decentraland a Good Investment? In the long run, it is sensible to be bullish on Metaverse, Decentraland, and hence of Mana. To be successful, Decentraland should be able to build significantly higher brand awareness (Track Google search data and look for a move higher), and the AR/VR technology from companies like Apple (Due next year) should be of high quality and enhance the user experience (This will help Decentraland) and user statistics like NFT sales show a significant jump and keep rising.

We believe while it may be a risk worth taking, Mana should be a minor part of the portfolio given the ‘creative’ nature of business and hence the risk and volatility are high.

Is Mana a Good Investment? Mana Price Prediction

To understand how much return to expect from mana, it would be better to understand what are the market predictions.

2022$1.2
2025$1.9
2030$4

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
10% Growth27 Years
20% Growth15 Years
30% Growth11 Years
40% Growth9 Years
50% Growth8 Years

When will Mana reach $50?

% Of GrowthNumber of Years
10% Growth44 Years
20% Growth24 Years
30% Growth17 Years
40% Growth14 Years
50% Growth12 Years

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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. 

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