Decentraland Price Prediction 2024-2030: Will MANA Hit $0.91?


Story Highlights

  • The live price of the MANA crypto token is  $ 0.28287469.
  • MANA price could reach a maximum of $0.91 by the end of 2024.
  • Decentraland price with a potential surge could go as high as $6.17 by the end of 2030.

The fast-paced world of cryptocurrencies has spread its wings towards diverse sectors, such as the Metaverse and NFTs. Talking about Metaverse, Decentraland has been an ace player in the sector.

Decentraland is one of the top VR metaverse platforms in the crypto industry. It is powered by the Ethereum blockchain and uses MANA as the native token.

Are you one of those curious minds for MANA price? Then, join in as we decode the price forecasts of MANA for 2023 and the years to come.

Overview

Cryptocurrency Decentraland
Token MANA
Price  $ 0.28287469 redred -2.06%
Market Cap  $ 539,815,398.5147
Circulating Supply  1,908,319,865.3916
Trading Volume  $ 32,994,957.4160
All-time High $5.90 on 25th November 2021
All-time Low $0.00788 on 14th October 2017
24 High  $ 0.0000
24 Low  $ 0.0000

Decentraland Price Prediction September 2024

Amid the broader market crash, the meta token MANA has decreased by 12% in the last three days. Despite a falling wedge breakout, the bullish momentum in MANA price trend recedes due to the constant supply incoming in waves. 

MANA Price Targets Sept 2024MANA Price Targets Sept 2024

With a potential post-retest reversal, the uptrend in MANA can resurface above the $0.40 level to peak at the $0.51 mark. However, a bearish reversal will put the meta token back to the $0.25 mark. 

Month Potential Low ($) Average Price ($) Potential High ($)
September 0.25 0.2940 0.40

MANA Price Prediction 2024

The growing adoption of Decentraland could push mana tokens to its potential high of $0.91 by the end of 2024. In contrast, the foray of bigger firms and aggressive marketing could leave Decentraland in the shade. In such a case, the digital coin would land at a low of $0.32. Collectively, considering the bullish and bearish targets, the average MANA coin price might land at $0.62. 

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 0.32 0.62 0.91

MANA Price Prediction 2025

In 2025, Decentraland could find newer partnerships and developments and host more significant and never-seen-before events, which could propel the price to $1.97. 

On the flip side, if the protocol loses out on steam because of emerging and more prominent rivals, the coin’s price could fall to $0.99. That said, regular buying and selling pressures could land the price at $1.48.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2025 0.99 1.48 1.97

Also, read our The Sandbox Price Prediction 2024-2030

Decentraland Price Prediction 2026 – 2030

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2026 1.61 2.23 2.86
2027 2.52 3.10 3.69
2028 3.56 3.97 4.38
2029 4.17 4.71 5.25
2030 5.15 5.66 6.17

Decentraland Price Prediction 2026

According to forecast prices and technical analysis, Decentraland’s price is projected to reach a minimum of $1.61 in 2026. The maximum price could hit $2.86, with an average trading price of around $2.23.

Decentraland Price Prediction 2027

Looking forward to 2027, MANA’s price is expected to reach a low of $2.52, with a high of $3.69 and an average forecast price of $3.10.

Decentraland Price Prediction 2028

In 2028, the price of a single Decentraland is anticipated to reach a minimum of $3.56, with a maximum of $4.38 and an average price of $3.97.

Decentraland Price Prediction 2029

By 2029, Decentraland’s price is predicted to reach a minimum of $4.17, with the potential to hit a maximum of $5.25 and an average of $4.71.

MANA Price Prediction 2030

In 2030, the MANA coin price is predicted to touch its lowest price at $5.15, hitting a high of $6.17 and an average price of $5.66.

Market Analysis

Firm Name 2024 2025 2030
Wallet Investor $0.0229 $0.0236
priceprediction.net $0.6300 $0.94 $6.29
DigitalCoinPrice $0.72 $1.05 $5.51

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

Check our Axie Infinity Price Prediction 2024-2030

CoinPedia’s Decentraland Price Prediction

MANA might grow in the future as it allows users to develop and monetize. The altcoin may also emerge as the leading virtual trading platform in the world and a go-to venue for virtual events.

That said, for the year 2024, the MANA price might close the annual trade with a pricier tag of $0.91. However, bearish trends could limit the price to $0.32. And regular trade practices could land the price at $0.62.

Price Prediction Potential Low ($) Average Price ($) Potential High ($)
2024 0.32 0.62 0.91

Fundamental Analysis

Ariel Meilich and esteban ordano founded Decentraland, and both have stepped down from their major positions at the project. Now, they are assisting Decentraland as advisors. 

Ariel Meilich worked as project lead at Decentraland from 2017 to 2020. He also established several other startups, such as an online translation agency and a CRM platform. 

Ariel previously worked as an analyst at Charles River Ventures, a reputed Silicon venture fund.

Co-founder Esteban Ordano has experience working as a software engineer at BitPay.Inc. He also worked as an advisor to Matic network and previously handled his smart contract development startup known as Smart Contract Solutions.

Factors Affecting The Price Of MANA Token

  • Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
  • Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
  • Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.

What Is Decentraland?

Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables users to purchase land that can be later built and monetized. It is the first virtual platform, wholly owned and managed by the users. The protocol has three layers: the Consensus layer, the Land Content layer, and the Real-time layer.

Interestingly, Decentraland uses two tokens, which are MANA and LAND. MANA is an ERC-20 token that runs on Ethereum. The token can be utilized to pay for a range of avatars, names, wearables, and more on the Decentraland marketplace.

Decentraland’s main aim is to help content creators, individuals, and businesses looking for a new artistic medium or provide a platform for new business opportunities.

Historical Market Analysis 2017 – 2022

  • MANA made its first appearance on the 17th of September, with a price of $0.026. However, the token declined to as low as $0.009 by October and concluded the year with a tag of $0.096.
  • The token continued to trade at $0.10 during early January. Shockingly, the token declined to $0.08 by February and reached a support level of $0.14 by mid-February.
  • MANA managed to trade between the range of $0.05 and $0.17 for the year and concluded the year with a price tag of $0.04.
  • MANA had commenced 2019 with a price tag of $0.04. As the bears continued to drag the prices down, the token traded between $0.03 and $0.04 for months. Interestingly, the price declined to $0.02 and concluded the year at $0.03.
  • The token sank to $0.02 in March as the market crashed due to the COVID-19 outbreak. Further, with a steady recovery, the price hovered between $0.03 and $0.04 until it hit $0.10 in August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December. 
  • With an expansion of the bearish run, MANA continued to trade at $0.08 during the start of January.
  • The market-wide crash in May plunged the price to $0.4368. Successively, the MANA token managed to rise to $1.07 in September.
  • After a bearish start to Q4, the announcement of Meta drove MANA to $3.7 by the 2nd of November. December was a turbulent month for MANA, the altcoin traversed from $2.972 to $4.08, and finally to $3.399.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

FAQs

Can Decentraland’s MANA be halved?

No, MANA can neither be halved nor mined.

What will be the potential high of MANA’s price by the end of 2024?

According to our Decentraland price prediction, MANA price could soar as high as $0.91 by the end of 2024.

Is Decentraland a good investment for the long term?

Yes, MANA is a profitable investment in the long term, factoring in the future of the metaverse.

Will the MANA price hit $10 by the end of 2025?

The altcoin could hit a maximum of $3.92 by the end of 2025. With a potential surge, the price may go as high as $10.67 by the end of 2030.

How to buy Decentraland’s MANA?

The digital asset is available for trade across leading cryptocurrency exchange firms such as Coinbase Pro, Binance, Okex, and Huobi Global.

How much is 1 MANA coin worth?

At the time of publishing, the price of 1 MANA was $0.2825.

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