Here is the MANA price prediction for 2022 to 2024…
MANA, or Decentraland game token, is one of the booming play-to-earn (P2E) games that allow players to get rewards in cryptocurrency by simply playing games.Â
In Decentraland, gamers use MANA token to purchase different game items at the native marketplace. MANA is also vital for managing collections and parcels of LAND, otherwise known as ‘districts’. At https://letsexchange.io/ anyone can see the real-time MANA’s price.
Since 2021, MANA has experienced a massive increase in price and made it to the top game cryptocurrencies, but the interest in the token remains. But before actually investing, it is crucial to have a clear picture of what we can anticipate from this token this year and in several years to come.
So, if you’re searching for answers to questions like ‘Will MANA value grow?’ and ‘Should you pool money in P2E currencies and invest in Decentraland token?’, read on!
Table of Contents
What Will Happen To MANA Coin In 2022?
Originally, MANA began trading at $0,02 and has quickly grown to $1 in 2021, following a range of drops during 2018-2019. Spring 2021 was successful for the coin, with the value increasing to $1,5 in April. However, the real shock took place when, in October, it jumped to $3,5. The all-time high is fixed at the level of $5,9 in the autumn of the same year.Â
So, what can we wait for in 2022 regarding this coin? Most experts conclude that this year, the token will slowly grow in value. For example, Coin Quora claims the price will range from $3,8 to $5 in the first half of the year. The optimistic forecast says that investors can expect it to jump to the $5,2 price. Other sources say that 2022 will be the year of breakthrough for the coin, and the trend is likely to continue later.
MANA Price Forecast 2023
The more extended forecast for the token includes many up-and-down moves, including its drop to $4 at the beginning of 2023 and numerous price fluctuations in the middle.
However, other sources, such as Digital Coin Price, say that in 2023, we can see excellent price performance, which can even reach $9-$10. This gives hope to anyone already investing their time in the P2E industry and using MANA tokens.
To make things simpler, we can generalize a little and say that coins with features similar to MANA will see a boom in 2023, and investors will be likely to buy the Decentraland token as the popularity of the game grows.
What Is MANA’s Price Going To Be In 2024?
The thriving conditions at the market for MANA in 2023 are said to be followed by a down trend, with the coin’s price dropping as low as $4,9 to $7. Short forecast professionals claim that it could stay at the level of $10-$11, while experts at long price prediction give a more optimistic prognosis: nearly $30 per coin. Every cost within this price range will be considered a positive result, signalling that the conditions are suitable to allow people to invest in MANA.Â
Still, the end of 2024 won’t be a perfect time to invest as the price is going to drop again and make approximately $20 going on $25 in best cases.Â
MANA (Decentraland) Price Prediction for 2024 – 2030: A Look into the Metaverse
Predicting the future price of any cryptocurrency is inherently challenging due to the volatile nature of the market and the numerous factors that can influence it.
However, based on current trends, available data, and expert opinions, here’s a potential outlook on MANA’s price for the next few years:
2024:
- Short-term: MANA’s price could experience fluctuations in the short term due to various factors like market sentiment, platform development updates, and broader industry trends.
- Medium-term: If Decentraland continues to attract users and developers, leading to increased adoption and economic activity, MANA’s price could see moderate growth throughout 2024.
- Long-term: The success of Decentraland and the broader metaverse concept will significantly influence MANA’s long-term price. If the metaverse gains mainstream adoption, MANA could see significant price appreciation in the latter half of 2024.
2025-2030:
- Predicting price movements for this timeframe becomes more challenging due to the increasing number of variables.
- Continued growth and adoption of Decentraland and the metaverse could fuel further price increases for MANA.
- Regulatory changes, technological advancements, and competition from other metaverse projects could impact the price positively or negatively.
MANA (Decentraland): Frequently Asked Questions
What is MANA used for?
MANA is the native token of the Decentraland platform, serving several key functions:
- Purchasing LAND:Â Users can buy parcels of virtual land (LAND) with MANA, gaining ownership and the ability to build experiences on them.
- Marketplace transactions:Â MANA is the primary currency for buying and selling various items in the Decentraland marketplace, including avatars, wearables, names, and other digital assets.
- Voting and governance:Â MANA holders can participate in Decentraland's governance process by voting on proposals and shaping the platform's future. Currently, MANA can be wrapped into wMANA which allows for voting within the Decentraland DAO.
- Rewarding contributions:Â Users can earn MANA as rewards for contributing to the platform, such as creating and hosting experiences, participating in contests, or reporting bugs.
How can I buy MANA?
MANA can be purchased on various cryptocurrency exchanges like Binance, Coinbase, and Kraken. Before buying, research and choose a reputable exchange that aligns with your needs and security preferences.
Is MANA a good investment?
Investing in any cryptocurrency involves inherent risks, and there is no guaranteed return on investment. MANA's future value depends on several factors, including the success of Decentraland, the wider metaverse adoption, and market conditions. Do your own research, understand the risks, and only invest what you can afford to lose.
What are the future prospects of MANA?
Predicting the future price of any cryptocurrency is challenging. However, if Decentraland and the metaverse gain mainstream adoption, MANA could see significant price appreciation.
Conversely, regulatory changes, technological advancements, and competition from other metaverse projects could impact the price negatively. Stay informed about the platform's development and industry trends to make informed decisions.
READ ALSO: How To Get A Cybersecurity Job With No Experience
What are the alternatives to MANA?
When it comes to alternatives to MANA, there are several exciting options in the metaverse space, each offering unique functionalities and potentials.
Here are a few MANA alternatives:
- SAND (The Sandbox): Similar to MANA, SAND is the native token of The Sandbox, another popular virtual world platform. Users can buy LAND parcels, create voxel-based games and experiences, and participate in a thriving NFT ecosystem.
- AXS (Axie Infinity): AXS fuels the play-to-earn economy within Axie Infinity, a blockchain-based game built around collecting and battling adorable creatures called Axies. Governance, breeding, and marketplace transactions all involve AXS.
- ENJ (Enjin Coin): ENJ plays a crucial role in Enjin's metaverse creation platform, enabling users to tokenize game items, build virtual worlds, and integrate seamlessly with other blockchain projects.
- STAR Atlas (ATLAS): This token powers STAR Atlas, an ambitious space-themed metaverse with play-to-earn mechanics, spaceship building, and exploration elements.
- RFOX VALT (VLT): This token fuels RFOX VALT, a virtual world designed for immersive social experiences, concerts, and events. Users can own LAND, create spaces, and participate in the platform's governance.
- MANA (Decentraland) Decentralized Autonomous Organization (DAO): While not technically an alternative token, consider wrapped MANA (wMANA), which lets you participate in Decentraland's DAO voting without selling your MANA.
Conclusion
If you are eager to find out the forecast for MANA for a more extended period in the future, such as for nearly a decade, be ready that this kind of technical analysis isn’t easy to do, and the results can be pretty distorted or lack accuracy.
However, feel free to check out MANA coin price prediction 2030 at the reliable cryptocurrency information blog at LetsExchange.io.
At the platform, you will also see helpful price charts, real-time changes in the crypto market, sound advice on digital asset management and investment, and a calculator tool to help you find out the profitability of your trades and exchanges.Â
Disclaimer: Remember, investing in cryptocurrencies requires careful consideration and a thorough understanding of the risks involved. This information is not financial advice, and you should always conduct your own research before making any investment decisions.
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About the Author:
Chandra Palan is an Indian-born content writer, currently based in Australia with her husband and two kids. She is a passionate writer and has been writing for the past decade, covering topics ranging from technology, cybersecurity, data privacy and more. She currently works as a content writer for SecureBlitz.com, covering the latest cyber threats and trends. With her in-depth knowledge of the industry, she strives to deliver accurate and helpful advice to her readers.
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