Will Decentraland MANA go up or crash? Read our Decentraland MANA Price Prediction 2021 – 2025
On the hunt for Decentraland predictions? Or have you been struggling to answer the question ‘is Decentraland a good investment?’ Read on. Find out the top Decentraland MANA Price prediction forecast for 2021 and beyond and discover how much Decentralanad could be worth.
According to the recent long-term forecast, Decentraland price will hit above $1 by the end of 2021, $2.5 by the end of 2022 and $4.5 by the end of 2025. Decentraland MANA will rise to $6.30 in 2027, $7.50 in 2030 and $9.20 in 2032.
With a current price of $0.7024 and a market capitalization rate of $1,109,104,358, Decentraland (MANA) is the world’s 73rd largest cryptocurrency. It might not have made a big name for itself, but this ERC-20 token is one of the most distinctive on the market - and it has built a loyal fanbase of gamers and investors alike.
Decentraland is a virtual reality (VR) platform that’s built on the Ethereum blockchain. It functions as a VR game, where players can purchase different plots of land to develop and monetise. According to Coin Central, the platform bears the distinction of being the first digital platform that’s owned solely by its users.
So, is Decentraland a good investment? You’re in the right place to find out. In this article, we’ll be sharing some of the top MANA price predictions for 2021-2025. We’ll also answer questions such as ‘what is Decentraland’ and explain how this VR platform and cryptocurrency works.
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- What is Decentraland (MANA) and How Does it Work?
- Short-term Decentraland (MANA) Price Predictions: 2021
- Long-term Decentraland (MANA) Price Predictions: 2022-2025
- How Has the Price of Decentraland (MANA) Changed Over Time?
- What Factors Can Affect the Price of Decentraland (MANA)?
- Key Points
What is Decentraland (MANA) and How Does it Work?
Unlike traditional two-dimensional games, Decentraland is a VR game that immerses its players in a three-dimensional world. Powered by Ethereum, it was created in 2017 and launched via an initial coin offering (ICO) that raised a staggering $24 million.
Although the VR world - in which players buy, build on, and monetise plots of land - was only released in February 2020, its native cryptocurrency has been in circulation since September 2017. This cryptocurrency is called MANA, but it’s not the only digital asset the platform supports.
In the world of Decentraland, players purchase digital assets in the form of virtual land plots. These are known as LAND. Each plot is 33 x 33 feet, but can be as tall or as short as a player likes. Because each of these plots are unique and stored individually on the blockchain, they are known as non-fungible assets.
It’s only possible to buy and sell LAND plots within the world of the game. However, the MANA cryptocurrency is a lot more versatile. Its primary purpose is to purchase LAND and carry out VR transactions, such as buying building materials or different services. Originally, each plot of LAND cost a flat rate of 1,000 MANA - but at the time of writing, the cheapest available plot is worth 11,750 MANA. One particularly desirable plot was sold for 2,000,000 MANA, or $175,578! This is partially due to the fact that demand for MANA has increased, thanks to investors who wish to purchase the token on cryptocurrency exchanges.
The VR platform and cryptocurrency has been on the market since 2018, but only recently exploded in price. Read on to find out how much MANA could be worth in 2021-2025.
Short-term Decentraland (MANA) Price Predictions
Decentraland MANA price prediction for 2021
What are crypto experts forecasting for Decentraland MANA in 2021?
2020-2021 has been a volatile year for the cryptocurrency market. For Decentraland, it’s been its most expensive year yet. Unlike many other assets, the price of MANA remained relatively sluggish during the first bull run in 2018, peaking at just $0.2493. Currently, its all-time high (ATH) is $1.5678 — a price it reached on 9th May 2021. So, what’s next for the value of MANA?
According to Wallet Investor, the one-year outlook for MANA is relatively positive. Although its technical analysis suggests that the price of Decentraland MANA won’t reach a new ATH before the end of 2021, the platform does expect the asset to gain value throughout the year.
As we can see from the graph above, Wallet Investor’s minimum, average, and maximum predictions all indicate that Decentraland has already hit its yearly low. This means the only way is up - and even though the asset is unlikely to surpass $1.506 by the end of the year, this price is only fractionally lower than its ATH of $1.5678.
Even the platform’s minimum predictions suggest that Decentraland will hit $1 again before 2021 is out. This is an encouraging sign to any investors who are wondering ‘will MANA go up?’, especially after the crypto crashed from $0.6245 in the space of a few weeks back in May. The minimum prediction places Decentraland at a price of $1.167 on 31st December 2021, while the average prediction is $1.334.
Trading Beasts isn’t quite as optimistic as Wallet Investor, although its prediction also suggests Decentraland will gain value throughout the second half of the year. According to its analysis, the price of Decentraland MANA will range from $0.8052607 to $1.1842070 by December 2021 - less than $0.02 higher than Wallet Investor’s minimum prediction.
Decentraland MANA Price Predictions For 2021:
|Month||Minimum Price||Maximum Price||Average Price||Change|
Because Decentraland’s current price is $0.7024, the asset will need to gain around $0.057 over the course of June for Trading Beasts’ July prediction to be accurate. This is definitely an attainable growth rate, especially after the high levels of volatility we saw in January-May.
The growth rate we can see in the table above isn’t particularly extreme, with prices growing by around $0.01-02 from month to month. However, that doesn’t mean we’ll be seeing the back of MANA’s volatility - the figures above suggest that Decentraland could fluctuate by a monthly average of around 30%.
Our most optimistic Decentraland prediction comes from Cryptocurrency Price Prediction. In stark contrast to both Wallet Investor and Trading Beasts, Cryptocurrency Price Prediction definitely believes that the price of Decentraland will reach a new ATH before the end of 2021.
Decentraland MANA Price Predictions In 2021:
Month & Year
MANA Price Prediction
Its staggering forecast suggests that MANA could be worth $1.18 by July - around the same price that Trading Beasts expects to see in December. From here, its growth will only accelerate, breaking its current record to hit $2 in August, $3 in November, and $4 in December.
We’ve seen Decentraland achieve unprecedented growth before. Between 1st and 14th March 2021, the price of MANA rose from $0.2604 to $1.0223, which is a growth rate of almost $1 in just two weeks. Theoretically, this means the growth rate that Cryptocurrency Price Prediction envisages is possible - though whether the asset could sustain it for six months straight remains to be seen.
What Will Happen to the Price of Decentraland (MANA) in 2021?
According to the forecasts, it seems likely that the price of Decentraland (MANA) will increase throughout the rest of 2021. However, we could still expect to see relatively high levels of volatility (around 30%) within each individual month.
Will the Price of Decentraland (MANA) Go Up in 2021?
Yes, it’s possible that the price of Decentraland (MANA) will go up in 2021. Neither Wallet Investor nor Trading Beasts believes that Decentraland will reach a new ATH this year, but Cryptocurrency Price Prediction has made the bold forecast that MANA will be worth over $4 by the end of 2021.
Additional predictions for the price of Decentraland (MANA) in 2021 include:
- Digital Coin Price: $1.06
- CoinList: $1.76
- Coinpedia: $2.2
- Crypto News: $2
- Cryptoknowmics: $2
- CryptoGround: $0.814349
Check Out: Why Decentraland Is Going To Explode
Would you consider buying Decentraland MANA?
Long-term Decentraland (MANA) Price Predictions: 2022-2025
What are crypto experts forecasting for Decentraland MANA in 2022 and beyond?
According to the short-term predictions, the potential value of Decentraland could be anything between $0.796 and $4.08 by the end of 2021. To answer the question ‘is MANA a good investment?’, let’s take a closer look at the long-term forecasts. What do top cryptocurrency platforms expect to happen to the price of Decentraland in 2022-2025?
Although Digital Coin Price doesn’t think we’ll see the extreme growth rate that Cryptocurrency Price Prediction expects, it’s still optimistic about the asset’s long-term prospects.
In contrast to the high levels of volatility we saw in 2021, Digital Coin Price believes that Decentraland’s price will remain relatively steady throughout 2022. Its biggest potential price jump could occur in March-April, when its price might fall from $1.298982 to $1.064607 - a decrease of around $0.23. This is much lower than the extreme bull and bear runs we’ve seen this year, suggesting the market might experience a period of calm after the storm of 2022-2021.
For 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, AND 2030 Digital Coin Price has given the following Decentraland (MANA) price predictions.
Decentraland MANA Price Predictions In 2022-2030:
- 2022: $1.22
- 2023: $1.49
- 2024: $1.64
- 2025: $2.05
- 2026: $2.38
- 2027: $2.78
- 2028: $3.07
- 2029: $4.10
- 2030: $5.20
The platform’s 2028 prediction is $1.1 lower than Cryptocurrency Price Prediction’s forecast for the end of 2021, showing just how varied crypto predictions can be! Although Digital Coin Price clearly doesn’t believe the asset will hit a new ATH until 2024, its prediction does suggest that Decentraland won’t fall below $1 for any significant amount of time once the asset has hit the milestone. This is a welcome sign for any investors who are worrying that MANA is falling back down to its pre-bull run prices.
According to Coin Price Forecast, The price of Decentraland MANA will be valued at $0.90 in 2021, $1.22 in 2022, $1.50 in 2023, $1.64 in 2024, $2.05 in 2025, $2.38 in 2026, $2.78 in 2027, $3.07 in 2028, $4.10 in 2029, and $5.20 in 2030.
Unfortunately, Trading Beasts isn’t as optimistic. Not only does the investment analysis platform believe that Decentraland will slip below its current price of $0.7024 in 2022, but it also thinks the asset will be worth just $1.2606784 by the end of 2024. That’s around $0.4 lower than Digital Coin Price’s prediction for the same year.
Decentraland MANA Price Predictions In 2024:
|Month||Minimum Price||Maximum Price||Average Price||Change|
On its website, Trading Beasts claims that the price of Decentraland will increase, but the numbers in the table above are undeniably disappointing compared to some of the other predictions. It also expects to see relatively high volatility levels in 2024. While its 2021 prediction suggested we could see an average percentage price change of 30% every month, this figure has increased to around 38-43% in its 2024 prediction.
The higher volatility levels won’t equate to higher prices, either - its minimum predictions for 2024 are around $0.3 lower than its maximum prediction for 2021. This suggests the long-term prospects for Decentraland might not be as strong as other platforms clearly believe.
Thankfully, CryptoGround paints a brighter picture. After predicting an average price of $0.814349 for MANA in 2021, it’s given the following forecast for 2022-2025:
By 2022, CryptoGround expects the price of Decentraland MANA to reach $1.2473. This figure will increase to $1.4452 in 2023, $1.691 in 2024, $1.9831 in 2025, and $2.275 in 2026.
Brushing against $2, the platform’s 2025 prediction is much higher than the one we saw from Digital Coin Price. Although CryptoGround’s forecast for 2021 was relatively modest ($0.814349), it clearly believes that MANA’s long-term prospects are stable - at least in the run-up to 2030.
However, as a long-term investment, it projects that Decentraland MANA could perform much better. According to its predictions, the value of the Decentraland MANA token could rise to $1.26 by the very end of 2021, rising to $2.38 in 2022, and achieving a mean price of $4.62 by 2025.
What Will Happen to the Price of Decentraland (MANA) in 2022-2025?
In 2022-2025, the price of Decentraland (MANA) is likely to increase, although the exact growth rate varies between predictions. According to Trading Beasts, its price could also slip down to under $0.7 in early 2022.
Will the Price of Decentraland (MANA) Go Up in 2022-2025?
Yes, it seems probable that the price of Decentraland (MANA) will go up at some point between 2022 and 2025.
Additional predictions for the price of Decentraland (MANA) in 2022, 2023, 2024, and 2025 include:
- Wallet Investor: $2.672
- Trading Beasts: $1.0593238
- Cryptocurrency Price Prediction: $12.93
- Crypto News: $9.75
- Coinpedia: $5.75
- Wallet Investor: $3.953
- Trading Beasts: $1.201348
- Cryptocurrency Price Prediction: $15.54
- Wallet Investor: $5.319
- Trading Beasts: $1.2606784
- Wallet Investor: $6.674
- Cryptocurrency Price Prediction: $34.76
- Crypto News: $25
- Coinpedia: $10
Conclusion: Decentraland (MANA) Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Decentraland (MANA) price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
Would you consider buying MANA?
How Has the Price of Decentraland (MANA) Changed Over Time?
Shortly after Decentraland’s impressive $24 million ICO in 2017, MANA came to the cryptocurrency market in September that year. With the exception of a few minor price spikes over the course of 2018 - while other cryptos shot up in value - Decentraland remained relatively stagnant for its first few years in circulation, fluctuating between $0.02 and $0.05.
It wasn’t until the end of 2020 that Decentraland began to get caught up in the second market-wide bull run. In January 2021, it passed $0.1 for the first time since 2018 - and things didn’t end there. The price of MANA continued to rocket, hitting a series of new ATHs between January and May.
By February, MANA had hit $0.3. This was followed by its most dramatic price increase yet, as it rose by around $1 in just a few weeks. The asset reached its current ATH of $1.5678 on 9th May - but unfortunately wasn’t able to sustain this growth rate.
Shock comments from Elon Musk shattered confidence in the crypto industry, as the previously vocal supporter announced that the environmental impact of Bitcoin was too high and Tesla would no longer accept BTC payments for its cars. The price of all major cryptocurrencies started to fall rapidly and Decentraland was no exception.
By 23rd May, MANA had plummeted to $0.6245. The asset still hasn’t climbed back up to $1, fuelling fears its brief bull run is over. It may have missed the bull run of 2017-18, but it’s apparently feeling every knock as the market continues to adapt to the events of 2021.
What Factors Can Affect the Price of Decentraland (MANA)?
Total Circulating Supply
The total supply of MANA tokens has been capped at 2.6 billion, of which approximately 1.3 billion are already in circulation. A proportion of these tokens is owned by early investors and members of the Decentraland community, which means just under 40% of the total supply remains unaccounted for.
As the number of available tokens continues to fall, we’re likely to see an increased demand for MANA. The relationship between supply and demand is the most important factor in determining the value of any asset, and when the demand for MANA starts to exceed the supply, the price of each token is bound to increase.
The Popularity of Virtual Reality
Virtual reality, or VR, is one of the biggest digital sensations of the last decade. Thanks to the rise of companies such as Oculus VR (the company behind the Oculus Rift headsets), the popularity of VR gaming has risen hugely - and the demand for games such as Decentraland could have a huge impact on the price of MANA.
If people join the Decentraland platform, there’s going to be a higher demand for MANA tokens in order to make in-platform purchases. As we mentioned in the point above, this means the demand for MANA could exceed the supply, thus driving up the price.
On the other hand, some potential investors believe that Decentraland is in a vulnerable market position. In comparison to other cryptocurrencies, many of which were created to transform the financial sector, MANA has far less ‘noble’ aims. Although the world of VR isn’t going anywhere fast, the demand for the particular Decentraland world could potentially wane as new games and experiences enter the market. If the demand for Decentraland drops, so too will the demand for MANA. This could have a devastating effect on the asset’s price.
The Price of Bitcoin
As the world’s 73rd largest crypto, Decentraland might not have much in common with the so-called king of cryptocurrency (Bitcoin). However, it’s clear that the price of BTC sets the tone for the market as a whole.
When Elon Musk announced in May that “cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment”, he shattered confidence in Bitcoin - and the ripples of this were felt throughout the market.
Decentraland plummeted in price after Musk’s announcement, falling from its ATH to $0.6245. This event practically put an end to the bull run that had gripped the market for almost six months, showing how strong the correlation is between BTC and its fellow cryptos.
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Virtual currencies are highly volatile. Your capital is at risk.
- MANA is the native cryptocurrency of Decentraland, a virtual reality (VR) platform that’s built on the Ethereum blockchain.
- At the time of writing, MANA has a price of $0.7024 and a market capitalization rate of $1,109,104,358. This makes it the world’s 73rd largest cryptocurrency.
- Decentraland’s current all-time high is $1.5678, which it hit on 9th May 2021.
- Wallet Investor believes Decentraland could be worth a potential top price of $1.506 by the end of 2021.
- Trading Beasts expects the price of MANA to range from $0.8052607 to $1.1842070 by December 2021.
- Cryptocurrency Price Prediction has given the staggering forecast that MANA could hit $4.08 by the end of 2021.
- According to Digital Coin Price, the price of MANA will be $2.05 by 2025.
- Trading Beasts believes MANA could slip below $0.7 in 2022 and will be worth a maximum of $1.2606784 by the end of 2024.
- By 2025, CryptoGround expects MANA to hit $1.9831, just under $2.
- Factors that could affect the price of Decentraland (MANA) include its total circulating supply, the price of Bitcoin, and the popularity of virtual reality (VR).
So, is MANA a good investment? The predictions for 2021-2025 are varied, but the majority suggest that the crypto will gain value over the next four years. Considering the last market-wide bull run came to an abrupt end in 2018, many investors are waiting to see whether the pattern will repeat itself this time around. Only time will tell whether Decentraland is on the up or heading for a devastating LANDslide.
Is MANA a good investment for 2021?
The answer to ‘is MANA a good investment for 2021’ will ultimately depend on your investing strategy. If you’re looking for a coin that could bring you quick wins in 2021, Decentraland MANA probably isn’t your best bet as the value of the coin is generally predicted to fall before it begins to rise again.
However, if you add MANA to your portfolio in 2021 with the intention of holding your position for the next five years, it could be a smart investment for you.
How much will Decentraland MANA be worth in 2021?
Decentraland MANA might reach $1.40 by 2021.
What will Decentraland MANA be worth in 2025?
Decentraland MANA might be worth above $3.50 in 2025.