Decentraland Price Prediction

Last Updated January 18th 2023
15 Min Read

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 2023 and beyond and discover how much Decentraland could be worth. 

Decentraland is a virtual reality (VR) platform that’s built on the Ethereum (ETH) blockchain. It functions as a VR game, where players can purchase different plots of land to develop and monetise. According to Coin Central, Decentraland is the first digital platform that’s owned solely by its users.

MANA Overview

Cryptocurrency Decentraland
Ticker Symbol MANA
Rank 40
Price $0.7340661454393288
Price Change 24h -3.16%
Price Change 7d 1.83%
Market cap $1,361,754,502.13
Circulating Supply 1,855,084,191.78
Trading Volume $242,442,683.48

 

According to the recent long-term forecast, the price of Decentraland could hit $1.15 by the end of 2023 and $2.58 by the end of 2025. Decentraland (MANA) will then rise to $6.15 in 2028 and $11.40 in 2030.

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 2023-2030. 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?

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 since then this has risen considerably. In June 2021, the most expensive plot of LAND was sold on Decentraland for the equivalent of $900,000, according to Matthew De Saro. This is partially because demand for the MANA token has increased thanks to investors who wish to purchase the token on cryptocurrency exchanges.

The VR platform and MANA token have been on the market since 2018, but only exploded in price in the end of 2021. Read on to find out how much MANA could be worth in 2023-2030.

Read Also: Could Decentraland Be A Millionaire-Maker Coin?

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Decentraland (MANA) Price History

Shortly after Decentraland’s impressive $24 million ICO in 2017, MANA came to the cryptocurrency market in September that year. Except for a few minor price spikes throughout 2018 (while other cryptos shot up in value), Decentraland remained relatively low-priced for its first few years in circulation, fluctuating between $0.02 and $0.05, as we can see in the graph below from CoinMarketCap.

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 $0.10 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 2021. 

By February, MANA had hit $0.30. 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 then ATH of $1.5678 on the 9th of May 2021 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 (BTC) 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 the 23rd of May 2021, MANA had plummeted to $0.6245 fuelling fears its brief bull run was over. But that wasn’t the case at all. Decentraland, though hit hard, managed to keep hold of much of its value and was trading at a far higher price than it was at the beginning of 2021. In September it even managed to briefly surpass $1.

But the news that really got investors excited about MANA was in late October 2021 when Facebook’s parent company Facebook Inc announced that it would change its name to Meta Platforms Inc (or simply Meta) and begin focusing on building the metaverse — something Decentraland was already doing.

The price of Decentraland then shot up 268.93% over seven days to $2.85, previously trading at around $0.80 before the news broke. It was during this rally that Decentraland reached its current ATH of $4.69. MANA closed the year at $3.3. 

In the first four months of 2022, MANA was trading between $2 and $3.4. In the following months, the price of Decentraland started slowly to decline. MANA closed 2022 at $0.30, but since the start of 2023, the coin has taken an uptrend trajectory. 

Decentraland MANA/USD Chart

mana price prediction chart

Decentraland MANA/USD price chart. Source: Coinmarketcap

Don't Miss: 14 Reasons Why You Should Invest In Decentraland Today

What Factors Can Affect The Price Of Decentraland (MANA)? 

Understanding the factors that affect the price of Decentraland is the key to trading MANA successfully — price predictions alone will not get you very far. 

Price predictions generally base their forecasts on historical data, they cannot tell you if and when any of the factors below will come into play and increase or decrease the value of MANA.

1. Total Circulating Supply

The total supply of MANA tokens is approximately 2,193,539,027 of which approximately 1.85 billion MANA are already in circulation. A proportion of these tokens is owned by early investors and members of the Decentraland community, which means just around 15% 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.

2. 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 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 less ‘noble’ aims. Although the world of VR isn’t going anywhere fast, the demand for Decentraland’s metaverse 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.

3. The Price Of Bitcoin

As the world’s 40th-largest crypto, Decentraland might not have much in common with the so-called king of cryptocurrency (Bitcoin). However, 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 former ATH to $0.6245. Similarly, when Bitcoin again started to rally upwards after this crash, Decentraland also started to pick up the pace, albeit slowly.

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Expert’s Take On Decentraland (MANA) Price Predictions

What are crypto experts forecasting for Decentraland MANA in 2023? 2021 and 2022 were volatile years for the cryptocurrency market and especially for Decentraland. So, what’s next for the value of MANA?

Future price of the asset is predicted at $2.3676 (248% ) after a year according to our prediction system.

Gov Capital

The price of Decentraland is predicted to reach at a minimum level of $1.52 in 2025. The Decentraland price can reach a maximum level of $1.78 with the average price of $1.56 throughout 2025.

ICOcreed

Decentraland is forecasted to hit $0.9059 by the end of 2023. The expected average MANA price for 2023 is $0.8762, which is a 30.75% increase in value from the current price. The maximum predicted price for 2023 is $1.179 which is forecasted to be reached in January 2023.

Trading Beasts

According to our current Decentraland price prediction, the value of Decentraland will increased by 236.68%, reaching $2.51 by end of 2025.

DigitalCoinPrice

Decentraland price is forecast to reach a lowest possible level of $2.00 in 2025. As per our findings, the MANA price could reach a maximum possible level of $2.39 with the average forecast price of $2.07.

Price Prediction

The system forecasts a +11% move from $0.6947 to $0.7704 over the next month, Decentraland has a price prediction of $1.76 in over a years time.

Coinskid

The price of Decentraland (MANA) in 2025 will be about $2.7284. As per the forecast and algorithmic analysis, the the price of 1 Decentraland (MANA) will be around $5.3928 in 2028.

CryptoGround

The year 2023 can end with an average price of $1.03 and a minimum price value of $1.00. The maximum price is expected to be trading around $1.18.

Tech News Leader

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Trading Education Decentraland Price Predictions

What to expect from Decentraland's price in 2023 and beyond? Where the price of MANA could be heading for the remainder of the decade and would it be better to invest in Decentraland in the long term?

Decentraland Price Prediction 2023

The price of Decentraland is predicted to reach a maximum level of $1.15 by the end of 2023. Decentraland price can reach a minimum level of $0.70 in 2023.

Decentraland Price Prediction 2024

As per experts, the price prediction of Decentraland (MANA) might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $1.5 mark. The predicted high for 2024 might be $1.65, and on the downside, the low might be around $1.20.

Decentraland Price Prediction 2025

As per Decentraland price predictions for 2025, the price of MANA might reach on average $2.3 by the very end of 2025. As per our prediction and price forecast, the predicted high for 2025 might be around $2.58, and on the downside, the low might be around $1.9.

Decentraland Price Prediction 2026

The Decentraland price is expected to trade with bullish momentum and surpass $3.76 by the end of 2026. The predicted average for 2026 might be around $3.37, and on the downside, the low might be $2.98.

Decentraland Price Prediction 2027

As per our Decentraland price prediction 2027, the token might be able to touch the $5 price mark on the upside, while on the downside, it might fall to $3.55. As per our Decentraland price prediction, the cryptocurrency might trade around $4.27 on average.

Decentraland Price Prediction 2028

As per experts, the price prediction of Decentraland (MANA) might continue the gradual upward trend. And as per our data, by the end of 2028, it would be able to cross the $6 mark. The predicted high for 2028 might be $6.15, and on the downside, the low might be around $5.20.

Decentraland Price Prediction 2029

The price of Decentraland is predicted to reach a maximum level of $7.48 by the end of 2029. Decentraland price can reach a minimum level of $5.70 in 2029.

Decentraland Price Prediction 2030

The top price predictions for Decentraland in 2030 foresee MANA rising above $10. If the token does well, experts seem to suggest that a push to $11.40 could be possible. The lowest Decentraland price prediction for 2030 is around $7.29.

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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 2023, 2024, 2025, and 2027 offered by technical analysts and industry experts.

Year High Low
2023 $1.15 $0.70
2024 $1.65 $1.20
2025 $2.58 $1.90
2028 $6.15 $5.20
2030 $11.40 $7.29

 

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How To Buy Decentraland With eToro

In just three simple steps you can be trading MANA with eToro. Here’s all you need to do.

Step 1. Head over to the eToro website, click ‘Join Now’ and fill out the registration form. Note that you will need to upload proof of ID and address — this is to prevent fraud and comply with anti-money laundering laws.

Step 2. Make your first-time deposit which will likely either be a minimum of $50 or $200. Do note that there are several countries where the minimum first-time deposit is significantly higher, so please check first!

Step 3. On the eToro platform, head over to ‘Trade Markets’ → ‘Crypto’ → ‘MANA Decentraland’ and choose your terms.

And that’s it! You’re now training MANA!

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Key Points

If you remember anything from Decentraland (MANA) Price Predictions: How Much Will MANA Be Worth In 2023 And Beyond? Make it these key points.

  • MANA is the native cryptocurrency of Decentraland, a virtual reality (VR) platform that’s built on the Ethereum blockchain.
  • Decentraland could be worth a potential top price of $1.15 by the end of 2023.
  • By 2025, experts expect MANA to hit $2.5. 
  • 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 2023-2030 are varied, but the majority suggests that the crypto will gain value over the next several years. Only time will tell whether Decentraland is on the up or heading for a devastating LANDslide.

FAQs

Is MANA A Good Investment For 2023?

If interest in building a metaverse continues into 2023 and the Decentraland platform continues to grow, MANA will likely be a very popular investment as demand for the token increases. Prices could be further compounded by an appreciating Bitcoin too.    

What Will Happen to the Price of Decentraland (MANA) in 2023?

The price of Decentraland (MANA) in 2023 is expected to appreciate in value. No one expects that MANA will return to its lows from the 2022 bear run.

Will the Price of Decentraland (MANA) Go Up in 2023?

Yes, the price of Decentraland (MANA) will likely go up in 2023. The lowest price predicted for MANA in 2023 is $0.70 while the highest could be $1.15.

How Much Will Decentraland (MANA) Be Worth In 2023?

Decentraland (MANA) might reach a top price of $1.52 by 2023, according to Digital Coin Price.    

What Will Happen to the Price of Decentraland (MANA) in 2025? 

The price of Decentraland in 2025 is likely to continue building on its gains from previous years and could hit a maximum high of $2.58. No one foresees the price of Decentraland crashing back down to its pre-2021 bull run prices. Only Trading Beasts predicts a possible decline in value by 2024.

Will the Price of Decentraland (MANA) Go Up in 2025?

Yes, it seems probable that the price of Decentraland (MANA) will go up at some point between 2023 and 2025. That said, price forecasts disagree on the momentum Decentraland could have in the next few years with some suggesting that it will rampage forward while others believe a more gradual increase is more likely.

What Will Decentraland (MANA) Be Worth In 2025?

Decentraland (MANA) might be worth a maximum price of $3.62 in 2025, according to the most bullish estimate by Coinskid, while more cautious forecasts estimate a price between $1 and $2.70. 

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