- Bullish price prediction ranges of MANA from $0.9 to $2.
- MANA price might also reach $1 this 2023.
- MANA’s bearish market price prediction for 2023 is $0.5.
Metaverse has also played a key role in the adoption of Web3 as it opened the doors for a new world. Decentraland (MANA) is one such growing metaverse trend that has bought new individuals into this revolutionary world.
Decentraland, as described on the website, is a virtual world owned by its users. This virtual world powered by the Ethereum blockchain allows users to create, experience, and monetize various content and services within the ecosystem.
Furthermore, MANA is the native token of Decentraland. MANA can be used to acquire NFTs, and make payments within the Decentraland network. As the demand for metaverse projects continues to grow, there is a high chance that MANA’s price could also be affected.
If you are curious about Decentraland’s future, and MANA’s price forecast and analysis for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition’s price prediction article.
Decentraland (MANA) Market Overview
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What Is Decentraland (MANA)?
Decentraland, as described on the website, is a virtual world owned by its users. This virtual world powered by the Ethereum blockchain allows users to create, experience, and monetize various content and services within the ecosystem. Decentraland was co-founded by Ariel Meilich and Esteban Ordano, however, they currently act as advisors.
Breaking down the architecture, Decentraland is divided into three main components: the Catalyst network, the World Explorer, and the CLI. The Calayst network is a distributed peer server that hosts content and provides the core APIs. Meanwhile, the World Explorer acts as an app where players can log into Decentraland and explore the land. The CLI is a command line interface enabling creators to develop and publish content.
Users can also purchase ERC-721 tokens aka NFTs such as LAND and Estate. The LAND is the virtual space within the Decentraland’s virtual space, which can be purchased with MANA, while the Estate is often defined as parcels of LAND that are merged and directly adjacent to each other.
One of the key highlights of Decentraland is that it is a place where the decisions are made by the community through the decentralized autonomous organization (DAO) governance structure. The Decentraland’s DAO allows the community to make votes and partake in the decision process regarding the issuance of grants and making changes to the lists of banned names, POIs, and catalyst nodes. These decisions are made only after the proposal is set.
Furthermore, MANA is the native token of Decentraland. MANA can be utilized to acquire NFTs, and make payments within the Decentraland network. MANA also allows users to participate in proposals that make decisions about Decentraland’s management and developments.
Analyst View on Decentraland (MANA)
MANA has been under the spotlight for many crypto analysts. One such crypto analyst, Simon Hayes, predicted that the hourly chart seems bullish for MANA. Hayes shared an image that indicated his forecast was correct as MANA experienced a surge after two hours.
Moreover, another crypto analyst and YouTuber under the pseudonym of “CryptoJack” addressed the Twitter community asking, “What’s the best metaverse altcoin?” CryptoJack, then, gave three options for the community such as SAND, MANA, and any other altcoin. This is an indication that MANA, similar to SAND, is one of the best metaverse altcoin. Currently, MANA is one of the top three metaverse tokens based on market capitalization, according to CoinMarketCap.
Decentraland (MANA) Current Market Status
After its recent launch, MANA already ranked in the 45 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of Decentraland’s native token is at 1,855,084,192 MANA, while its total supply is 2,193,539,027.
Moreover, MANA is priced at $0.6799, experiencing a 9.83% surge in seven days. With a market cap of $1,261,320,443, MANA also witnessed a 7.15% spike in 24 hours. Even though MANA had a huge demand initially, the trading volume, valued at $385,269,691, experienced a spike of 289.50%% in one day, indicating that the demand for this token is still rising.
Some of the crypto exchanges for trading MANA are currently Binance, OKX, CoinBase, KuCoin, SushiSwap, Uniswap, and Bybit.
Now, let’s dive further and discuss the price analysis of Decentraland’s native token, MANA, for 2023.
Decentraland (MANA) Price Analysis 2023
Will the MANA blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the Metaverse industry affect MANA’s sentiment over time? Read more to find out about MANA’s 2023 price analysis.
Decentraland (MANA) Price Analysis – Bollinger Bands
The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The Bollinger Bands consists of upper and lower bands which can be used together, along with the middle line(simple moving average), to determine whether the price would rise or fall.
The upper band of the BB is calculated by adding 2 times the standard deviations to the middle line, while the lower band is calculated by subtracting 2 times the standard deviation from the middle line. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. As such, the prices of the cryptocurrency, when the Bollinger bands are applied should stay within the upper and lower bands 95% of the time is the concept behind this.
Looking at the charts, MANA’s candlesticks has crossed beyond the upper band, indicating that the token is in the overbought region. If MANA follows a similar pattern, then, the candlestick may continue to trade upwards. However, the gap between the upper band and the lower band is narrow, indicating that MANA is observing low volatility. If the bands continue to widen, then, MANA may continue to move upwards for some time before facing a fall.
However, if the gap between the bands continues to reduce, then, candlesticks may slightly fall respective to MANA’s current position.
Decentraland (MANA) Price Analysis – Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.
The RSI is currently valued at 63.43, indicating that MANA is experiencing a strong trend. Moreover, the RSI is above the SMA which is another signal that MANA is currently witnessing a bullish sentiment. However, the RSI made a quick reverse and a slight fall. RSI is also pointed downwards, which confirms that it may continue to move downwards for sometime. If RSI crosses the SMA, then, MANA might be under the power of the bears.
Decentraland (MANA) Price Analysis – Moving Averages
At the start of April, MANA showed signs of consolidation as the candlesticks formed between the 50MA and the 200MA. However, after a few days passed, MANA broke through the 50 MA, indicating the start of the bull run. Currently, MANA’s candlesticks are trading above the 50MA and 200 MA, indicating that the power is with the bulls.
The distance between the 50MA and 200MA is reducing, indicating that the indicators could form a death cross. The formation of a death cross will signal the start of the bears era. However, if the gap between the indicators continues to widen, then, the bulls will continue to remain in power.
Decentraland (MANA) Price Analysis – Moving Averages Convergence Divergence
The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.
Traders have reported that occasionally the Moving Average could create false signals about the price momentum, however, MACD plays an important role as it can confirm the trends and identify the potential reversals.
Furthermore, there are two methods through which traders can speculate the price’s momentum: the crossover method and the histogram method. In the crossover method, when the MACD line crosses above the signal line, the trend could change from a downtrend to a long trend. However, if MACD crosses below the signal line, this could indicate the start of a downtrend.
In the Histogram method, the bars above the signal line indicate an uptrend. Meanwhile, the Histogram bars below the signal line indicate a bearish trend.
Looking at the charts, MANA observes a bullish sentiment as the histogram has formed green bars. The MACD line is also above the signal which confirms the power remains to be with the bull. Moreover, the bars in the histogram model continue to grow, indicating that the MANA may move upwards. The gap between the MACD line and the signal line may widen slightly, which further confirms the bullish market. However, if the MACD line falls below the signal line, then, MANA could fall under the bears’ spell.
Decentraland (MANA) Price Prediction 2023 – 2030 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2023 | $0.56 | $1.09 | $2.31 |
| 2024 | $2.97 | $3.58 | $4.56 |
| 2025 | $4.76 | $5.79 | $6.24 |
| 2026 | $5.49 | $6.63 | $7.94 |
| 2027 | $7.87 | $8.45 | $9.82 |
| 2028 | $9.81 | $11.36 | $12.02 |
| 2029 | $11.56 | $12.13 | $14.53 |
| 2030 | $12.05 | $13.21 | $15.78 |
| 2040 | $22.62 | $23.19 | $25.53 |
| 2050 | $37.27 | $38.88 | $40.15 |
Decentraland (MANA) Price Prediction 2023
Looking at the charts, MANA is currently above the 200MA and moving closer to the Resistance. The MACD also confirms that MANA is currently observing a bullish market as bars have formed above the signal line. However, earlier, the MACD line was below the signal line, indicating that MANA was showing signs of bearish sentiment.
Moreover, the bars continue to grow above the signal, indicating that there is a chance that MANA would continue to move upwards. If MANA continues to move upwards and remains in the bullish sentiment, then, the candlesticks would reach the Resistance level. MANA could also go beyond the Resistance level, if the upsurge continues, moving toward the Strong High region.
However, if there is a trend reversal observed, then, MANA could fall back to the Weak low. From the Weak Low, MANA could restart its trajectory towards the Resistance. If MANA continues to face the bearish sentiment, then, the price could tumble to the Support region.
Ultimately, our price prediction for MANA remains to be bullish, expecting it to reach $1 or even more by the end of 2023. The bearish price prediction for MANA would be $0.31, expecting that it would not break through the current Support level.
| Bullish Price Range | Bearish Price Range |
| $0.9 – $2 | $0.3 – $0.5 |
Decentraland (MANA) Price Prediction – Resistance and Support Levels
Looking at the charts, MANA is currently moving closer to the Weak Resistance, which is at $0.85. If MANA’s current trajectory breaks beyond the weak resistance level, there is a high probability that the candlesticks could reach the Resistance 1 level at $1.5 . Moreover, MANA could also reach beyond the Resistance 1 level and could reach the Resistance 2 level at $2.5, which is considered the highest bullish level for 2023.
However, If MANA comes under the influence of the bears, then, the candlesticks would reach the Support level and could go even lower than $0.26
Decentraland (MANA) Price Prediction 2024
Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. MANA could also be affected by Bitcoin halving and could trade beyond the price of $4 by the end of 2024.
Decentraland (MANA) Price Prediction 2025
MANA could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, MANA will continue to rise in 2025 forming new resistance levels. It is expected that MANA would trade beyond the $6 level.
Decentraland (MANA) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, MANA could tumble into its support regions of $6.01. Moreover, when MANA remains in the oversold region, there could be a price correction soon. MANA, by the end of 2026, could be trading beyond the $7 resistance level after experiencing the price correction.
Decentraland (MANA) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. MANA is expected to rise after its slumber in the bear season. Moreover, MANA could even break more resistance levels as it continues to recover from the bearish run. Therefore, MANA is expected to trade at $9 by the end of 2027.
Decentraland (MANA) Price Prediction 2028
Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, MANA will continue to form new higher highs and is expected to move in an upward trajectory. Hence, MANA would be trading at $12 after experiencing a massive surge by the end of 2028.
Decentraland (MANA) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, MANA could be trading at $14 by the end of 2029.
Decentraland (MANA) Price Prediction 2030
After witnessing a bullish run in the market, MANA and many altcoins would show signs of consolidation and might trade sideways for some time, while experiencing minor spikes. Therefore, by the end of 2030, MANA could be trading at $15.
Decentraland (MANA) Price Prediction 2040
The long-term forecast for MANA indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, MANA may face a slight fall before starting its upward journey once again. It is expected that the average price of MANA could reach $25 by 2040.
Decentraland (MANA) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, MANA could surpass the resistance level of $40.
Conclusion
As one of the top metaverse tokens, MANA has been part of the watch-out list for many investors. If investors continue to show interest in MANA and these tokens in their portfolio, then, it could continue to rise up. MANA’s bullish price prediction shows that it could pass beyond the $1 level. Moreover, MANA could surpass the $40 level by the end of 2050.
FAQ
Decentraland, as described on the website, is a virtual world owned by its users. This virtual world powered by the Ethereum blockchain allows users to create, experience, and monetize various content and services within the ecosystem. MANA is the native token of Decentraland. MANA can be utilized to acquire NFTs, and make payments within the Decentraland network.
MANA can be traded on many crypto exchanges such as Binance, OKX, CoinBase, KuCoin, SushiSwap, Uniswap, and Bybit.
Since MANA provides investors with several opportunities to profit from their crypto lands and assets, MANA seems to be a really good investment in 2023. Notably, MANA has a high possibility of surpassing its current ATH in 2028.
MANA could break through the $10 Resistance in 2028 and trade at an even higher level.
MANA is one of the top metaverse tokens and continues to catch the attention of the crypto community. As investors expect a bullish sentiment, they could add MANA to their portfolio for a possible bull run. MANA is one of the good investments in 2023, among other altcoins, as it focuses on breaking its Resistance level.
MANA’s achieved its All-Time High of $5.9 in November 2021.
The lowest price of MANA is $0.007883, which was attained on October 13, 2017, according to CoinMarketCap.
MANA was launched on 2020.
MANA was founded by Ariel Meilich and Esteban Ordano.
There is no data.
MANA can be stored in a cold wallet, hot wallet, or exchange wallet.
MANA price is expected to reach $1 by 2023.
MANA price is expected to reach $4 by 2024.
MANA price is expected to reach $6 by 2025.
MANA price is expected to reach $7 by 2026.
MANA price is expected to reach $9 by 2027.
MANA price is expected to reach $12 by 2028.
MANA price is expected to reach $14 by 2029.
MANA price is expected to reach $15 by 2030.
MANA Price is expected to reach $25 by 2040.
MANA Price is expected to reach $40 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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