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
Mana Coin Price Prediction 2030: Decentraland Mana Price is predicted to be $16.65 in 2030. The prediction is based on the aggregate of predictions by multiple platforms.
Latest Mana Price
Mana Performance this year
- January to March: (-20.9%)
- April to June: (-58.5%)
- July to September: (-16.9%)
- October to November: (-36.7%)
April to June was horrible for Mana due to two major reasons – a. The Federal Reserve began to reduce the size of its balance sheet and also increased interest rates, b. The Crash of LUNA took the entire crypto market lower.
However, Decentraland Mana stabilized in the month of July to September. The final quarter of 2022 is turning out to be worse for Mana once again. Mana is already down nearly 40% in the last 2 months.
Mana Technical Analysis Using Bollinger Band
Mana recently tested the lower Bollinger band and then there was a quick reversal. The price movement of Mana is currently steady but is expected to fall marginally. This will create a double bottom on the Bollinger chart and the price of Mana will see a reversal. This is a good time for traders to buy.
Is Mana heading for a Reversal?
Mana is once again following a downward trend after testing the resistance at $0.4039. Mana has created a new support level at $0.399 and on the below chart it is noticed that whenever Mana tested this support level, there has been a price reversal.
However, if Mana falls below this level we may see Mana falling close to $0.3955 or even lower.
On the RSI chart, Mana entered the oversold territory with more sellers taking part. But will bulls entering the price start to rise. The current RSI is 45.07. Mana price will see some pullback once again before the price started to pick up.
Overall, the current suggestion is Buy.
Mana’s major sell-off is over
The crypto market has seen a huge bearish trend after the crash of the FTX platform. Mana’s price was also down in the past week because of the major sell-offs.
At the moment, MANA’s market price is again increasing and is currently priced at $0.44 as of November 16th. Its price has increased negligibly in the last 1 day, while its 24-hour trading volume is down by more than 22%.
Moreover, looking at its 30-day curve, we can say that its trading volume is stabilizing to the value that 2 weeks ago. In other words, we can say that the investors are not selling their MANA coins and hence, this is clearly the case of market correction after the major sell-off is over.
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.
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
- Coca Cola
- 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.
Also Read: Best Metaverse Crypto Coins to Buy
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.
As of September 2022, the NFT market dipped from $17 billion (during the start of 2022) to $470 million.
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.
The probable reason is that users are migrating to other gaming platforms such as Tamadoge and Impt.io.
Consumer price index:
The latest Consumer Price Index number (as of September 2022) in the United States is 296.76. The value was 280.13 at the start of 2022 and it is constantly increasing over the past three months (as depicted by the graph below). The CPI value has been changed by 0.39% from August 2022 and by 8.225% from 1 year ago (September 2021), which shows that there is an increase in inflation in the USA.
An increase in CPI means inflation is rising i.e., the price for essential goods is increasing. Ultimately, it reduces demand for non-essential services (or the services and products which are not the necessities for life, such as gaming). It is understood that gaming is a non-essential part and will be most likely to affect in case of inflation. Therefore, the increase in CPI can also be one reason contributing to the falling price of Decentraland.
Is Decentraland a Good investment? 2021 Performance
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 an 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.
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 Mana Coin a Good Investment?
Performance in the last 1 year: Decentraland’s market price one year ago was $2.7 while its current price as of November 11th 2022 is $0.51, meaning that the crypto has fallen by more than 429% in just one year. On the contrary, Sandbox with a current market price of $0.64 is down by 275% and Axie Infinity with a current price of $7.12 is down by more than 1950% in only one year.
Performance in the last 3 months: Three months ago, Mana’s market price was $1.09 which means that it has decreased by around 113% since then. In comparison, sandbox and Axie Infinity have fallen by 115% and 171% respectively.
Active players: With a market capitalization of $948,532,739, Mana has reported greater than 56,000 monthly active users (as of October 2022). While the number of monthly active players in the case of Sandbox and Axie infinity is reported to be 200,000 and 680,144 respectively.
Operating Blockchain: Decentraland is powered by the Ethereum blockchain where the users can easily monetize their applications and content with the Decentraland platform. Similarly, Sandbox makes use of the Ethereum Blockchain to provide an excellent gaming experience on the platform. While Axie infinity is also built on the Ethereum blockchain ultimately, it is precisely built on the Ronin Network which is a sidechain linked with Ethereum.
Being built on the Ethereum blockchain provides all three gaming cryptos with the advantage to run smoothly and without any fraud, which is an equally win-win situation for all.
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.
To conclude, Mana has outperformed Axie infinity, but not Sandbox. 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.
MANA Coin Price Prediction 2023: Experts Prediction
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. However, as of now the predicted price of Mana for the end of 2023 is $1.85.
MANA Price Prediction 2025
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, but it is predicted that Mana’s price will see an improvement in 2025. The average predicted price of Mana in 2025 is $3.96.
Mana Coin Price Prediction 2030
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.
But considering the predictions from multiple platforms, we have arrived at an aggregate Mana Coin Price Prediction 2030. For 2030, the Decentraland Mana price is predicted to be $16.65.
Fed Rate Prediction
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.
How will Decentraland be impacted by the rise in fed funds rates?
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.
Mana crypto news
Decentraland is aiming to make the platform more transparent by communicating directly with its community. For this, it has recently introduced the “Ask Me Anything” sessions which will be hosted from November 16th 2022.
On November 10th, Decentraland announced the introduction of this session whose goal is to create an easier way for everyone to submit the questions to the team’s technical experts. It will be a 60-minutes meeting every week where the questions will be answered in real-time.
Mana’s this latest step will certainly boost openness and trust among its community by sharing its technical knowledge. Note that these sessions will be announced through Google Meets and you are required to be there in the General channel of the Decentraland DAO Discord Server for the link.
Mana 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 annum||Number of Years to reach $10|
|20% Growth||15 Years|
|50% Growth||8 Years|
Mana Price Prediction $50: When will Mana reach $50?
|% Of Growth||Number of Years|
|20% Growth||24 Years|
|50% Growth||12 Years|
Mana Price Prediction $100:
|% Of Growth||Number of Years|
|20% Growth||28 Years|
|50% Growth||13 Years|
Mana Price Prediction $500: When will Mana Reach $500?
|% Of Growth per annum||Number of Years to reach $500|
|20% Growth||37 Years|
|40% Growth||19.5 Years|
Mana Price Prediction $1000: When will Mana Reach $1000?
|% Of Growth per annum||Number of Years to reach $500|
|20% Growth||41.5 Years|
|40% Growth||22 Years|
Mana Price Prediction Today
|Overall Outlook||Partially Negative|
|1. Market's Wisdom||Partially Negative|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Neutral|
|2b. Social Media Sentiment||Neutral|
Mana is the native token of Decentraland. Before we understand about Mana and its uses, let us first understand what is Decentraland.
Decentraland is a 3D virtual world, Metaverse platform based on the Ethereum blockchain. Decentraland offers customized activities like digital land and art. Decentraland combines blockchain technology and virtual reality to incentivize users worldwide to engage in a shared virtual environment.
Decentraland is an open-source metaverse platform that once boasted to have 300,000 active monthly users. However, with the crypto market losing its shine, the number of monthly users on Decentraland fell sharply.
Decentraland is a one-of-its-kind platform that lets its users trade cryptocurrencies, earn revenue, and play games in a virtual world that is built by the users themselves.
What is Mana and what are its Uses?
Mana is the native token of Decentraland which can be used for transactional purposes on the platform.
Users can generate money on the Decentraland platform by leasing land, advertising, selling products, creating decentralized apps (dApps), and participating in play-to-earn (P2E) activities. All of this is powered by the platform’s token MANA.
Beyond this, MANA facilitates high-end transactions such as acquisitions of real estate (LAND), governance and voting on real estate questions, and a steady way to earn rewards on the Decentraland platform.
How to Invest in Mana?
Here are a few steps on how you can buy Decentraland Mana tokens:
- 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.
- 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.
- Each of these exchanges has various features and transaction fees. So evaluate them carefully.
- Once you have created your account, the next step is to link your banking account or a payment account with the exchange.
- Once a payment method (Bank account, debit or credit card, wire transfer) is linked the next step is to fund the account
- Once the fund is added, start trading by selecting the Mana trading symbol and then enter the quantity
- You can store your crypto in the trading account or your personal wallet (You need to open another account for that)
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
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.