Mana Price Prediction $100, $1000 and $10000
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To Read about Whether Decentraland Mana is a Good Investment in Detail, Click here.
Decentraland is a Metaverse where players can buy, sell and customize virtual land using digital assets such as NFTs (non-fungible tokens). The value of Decentraland and its native token, Mana, is dependent on two factors: the quality of user experience and the competition with other Metaverse platforms. The social media sentiment for Decentraland is positive with a net sentiment score of +46%, but interest has declined over the past 12 months. Decentraland is well designed and marketed Metaverse. However, as this video explains, there is little going on in Decentraland
Mana Price Prediction $100: Can Mana reach $100?
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: Can 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 $10000: 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 would 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 $ 10,000. However, should Mana decide to burn 99.9% of the tokens, it would be a much more realistic target.
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.