Latest Mana Price
Total Holders: 307.2k [+500 in 30 days], Top 100: 73.0%
Decentraland Mana Price Performance
| Last 7 Days | -22.9% |
| Last 1 Month | +12.1% |
| Last 12 Months | -10.7% |
| Since Launch (2018) | +2119.6% |
Mana is trading over 90% below its all-time high price. What are the Signals and Predictions?
UTC: Mar 26th, 2024 04:13 AM
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Neutral |
| 1a. Market Data | Partially Bullish |
| 1b. Technical Recommendation | Sell |
| 2. Crowd's Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
The price of the MANA token has been on a downtrend, resulting in a drop from $0.8 to $0.5 in the past 7 days. It has failed to find strong support and now $0.50 is acting as a crucial support. If Mana breaks below this level, a massive sell off is on the card. For a trend reversal, MANA will need to hold above $0.50. For MANA, the improvement of the overall crypto market outlook is a must as MANA has so far followed the broader crypto market trend. The current outlook of Mana is bearish.
I have 10000 Pepe coins in my portfolio and bought PIXEL coins and PRIME tokens. Check out my CrowdWisdom360 Portfolio here
Decentraland Mana Next 24 Hours Prediction
UTC: Mar 26th, 2024 06:23 AM
- Decentraland Mana Price Prediction in the next 24 hours is between $0.668 and $0.687
- Decentraland Mana Price Prediction this week is between $0.652 and $0.696
Decentraland Mana Performance Statistics
Decentraland Dapp Stats [30 Days]
- Unique Active Wallets:1.15K, Growth:-2.5%
- Volume$11.53K, Growth: -17.4%
Decentraland Mana Price Prediction 2024-2025-2030, Aggregated
- Decentraland Mana Price Prediction 2024 is $0.973
- Decentraland Mana Price Prediction 2025 is $1.40
- Decentraland Mana Price Prediction 2026 is $1.80
- Decentraland Mana Price Prediction 2027 is $2.15
- Decentraland Mana Price Prediction 2028 is $2.80
- Decentraland Mana Price Prediction 2029 is $3.84
- Decentraland Mana Price Prediction 2030 is $5.32
Mana Price Prediction $10
For Mana Token to reach $10, it would need to increase by a factor of 17. At $10, Mana Token’s Market Cap will be $19.1 Billion. If the Mana Token price were to grow at a rate of 25% each year, it would take about 13 years to reach $10. Let us evaluate this data
- Quality of Investment–Moderate
- Time and Growth required to reach $10– Somewhat Feasible
- Market Cap at $10– Feasible
Considering the criteria Quality of Investment, growth required, and time required, Mana Token has a good chance of reaching $10.
Mana Price Prediction $50
For Mana Token to reach $50, it would need to increase by a factor of 87. At $50, Mana Token’s Market Cap will be $95.4 Billion. If Mana Token price were to grow at a rate of 25% each year, it would take about 20 years to reach $50. Let us evaluate this data
- Quality of Investment–Moderate
- Time and Growth required to reach $50– Not Feasible
- Market Cap at $50– Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, It is difficult for Mana to reach $50.
Mana Price Prediction $100: Can Mana reach $100?
To reach $100, Mana will need to rise 175 times. At $100 Mana’s Market Cap will be $190 B. If Mana were to rise at 25% every year, it would take it 24 years to reach $1000.
This is not at all feasible.
Mana Price Prediction $1000: Can Mana Reach $1000?
To reach $1000, Mana will need to rise 1747 times. At $1000 Mana’s Market Cap will be $1.9 Trillion. If Mana were to rise at 25% every year, it would take it 34 years to 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.
Mana Price Prediction $10000: Can Mana Reach $10000?
To reach $10000, Mana will need to rise 17467 times. At $10,000 Mana’s Market Cap will be $19.1 Trillion. If Mana were to rise at 25% every year, it would take it 44 years to reach $10000.
Analyzing the above information. In theory, it is possible to rise 17467 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 $19.1 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.
Decentraland Mana Price Prediction: Is Mana a Good Investment?
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.
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 has 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
- Sotheby’s
- Samsung
- Coca Cola
- Netflix
- Nike
- 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 around. We believe that irrespective of the price movements, Decentraland Mana is not a good case for Investment.
To Summarize
- There aren’t enough users and like any social media, not enough users means there isn’t much to do
- User experience is quite ordinary
- It is unclear what problem Decentraland is solving at the moment.
Decentraland appears to have no stand-out value without the Token. At the moment, it appears Decentraland is NOT a Good Investment.
Mana vs Gala
Mana Price Prediction: 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
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)
Also Read:
- Enjin Price Prediction
- Sandbox Price Prediction
- Grape Price Prediction
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in Cryptos or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
