Is Decentraland Mana a Good Investment? Things to Know Before Investing

Is Decentraland Mana a Good Investment? Things to Know Before Investing
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Decentraland Mana did have one of the best years in 2021. The Metaverse coin saw its value attaining the All Time High of $5.41 in November 2021, however, since then Mana has crashed over 40% and is currently trading just over $3.

Read: Decentraland Mana Price Prediction

Decentraland May Be Revolutionary in the Eye of the Beholder

So Is Decentraland Mana a Good Investment?

Decentraland Mana is the second largest gaming crypto after Axie Infinity. On January 1st, 2021 Mana was valued at around $0.08, and within a year it was trading over $5. However, as of January 2022, the token has consolidated just over $3.

Comparing the performance of Mana with Bitcoin in the last 6 months, it is clearly evident that Mana has been ahead of Bitcoin. In the last 6 months, Mana has gained over 323% while Bitcoin gained around 22%.

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However, among the top three Metaverse tokens, in the last six months, Mana lagged behind Sandbox. The Sandbox gained over 1120% in the last 6 months while Mana gained around 323% in the last 6 months. Axie Infinity on the other hand gained around 245% in the last 6 months.

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Is Decentraland Mana a Good Investment: Financials

Looking at the all-time financials of Decentraland Mana, more investors have made a profit as compared to the ones who have lost after investing in Mana. As per the data by IntoTheBlock, as of now around 59% of the investors have been able to make profit while around 30% have lost after making an investment in Mana.

Around 12% of the investors are at the money or at the break-even position.

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Since Mana touched the all-time high, that is in November 2021, over 60% of the investors made a profit after investing in Mana and around 26% of the investors have lost since then. 13% of the investors sit at break even.

Is Decentraland Mana a Good Investment: Dominance of Whales

Whales have highly dominated the Mana network. Around 51% of the total circulation of Mana token is held by the whales (14). Therefore, a fear of Mana hitting the rock bottom will always remain in case of Whales pulling out.

Added to it, just over 28% of the total Mana token circulation is Investor volume while the retail market holds around 20% of the total Mana supply.

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Final Outcome

Decentraland Mana has been a good investment in 2021. However, the metaverse token has crashed since attaining the all-time high in November. Recently with the news of Samsung tying up with Decentraland for their upcoming Metaverse project led to Mana gaining in its trading value. But the gain was limited and did not translate to a higher gain.

Regarding the investment in Mana, the token has gained in the last 6 months’ recent crash. With major tech companies venturing into the field of Metaverse, it is likely the popularity of Mana to rise more among the investors as it is one of the best Metaverse tokens. Therefore the investment in Decentraland Mana is highly profitable but it is advisable to make market assessment before making any financial move.

Decentraland Mana Prediction for 2022

Trading Beast predicts Mana to hit $3.39 by the end of February 2022 while by the end of 2022, Mana is predicted to reach  $3.45688.

Tech News Reader predicts the maximum price of Decentraland Mana for 2022 to be around $5.58.

According to the Gov Capital forecast, Decentraland (MANA) price will hit above $4.54 by the end of 2022.

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