Can MANA Price Reach $1?


In the prominent cryptoworld, there are plenty of projects and startups getting established. Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain. The users can build, purchase and monetize virtual reality applications.

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Does any of the cryptocurrencies allow users to develop their own platforms?

Yes, Decentraland is one of the platforms that offers its users to develop. In this article we will discuss in depth the MANA’s price prediction for 2021 and beyond. At the end you will have a clear outlook whether MANA is a good investment.

Overview

Cryptocurrency Decentraland 
Token MANA
Price $ 1.3800
Market cap $ 1,828,691,253.0000
Circulating Supply $ 1,327,372,145.9865
Trading Volume  $ 175,716,666.0000
All Time High $ 1.6000     May 7, 2021
All Time Low $ 0.0092     October 31, 2017

Decentraland MANA Fundamental Analysis

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

It was founded by Ariel Meilich and Esteban ordano. 

MANA is decentraland’s crypto token which runs on the Ethereum blockchain that can be used to purchase plots of LAND and pay for in world goods and services.

Also Read: Binance Coin Price Prediction, Will the Price Rally to $1000 in 2021?

MANA Price Prediction 2021

With an expansion of the bearish run, MANA continued to trade at $0.08 during the start of January. Progressively, the token started to rise further. On a bullish note, the currency drastically surged to $1.19 in March and smashed the levels above $1.4 further.

MANA could concentrate on improving its features for seamless services and some social media influences may lead to growth of the token. At the end of 2021, MANA might be exchanged at $2.2.

MANA Price Prediction 2022

MANA could commence the year 2022 with a price of $1.95 to $2.1 and the token might likely rise if it attracts the marketers with its specifications and makes it more user friendly.  By the end of 2022, the token could trade at $5.75.

Price Prediction For Next 5 Years

In 5 years, Decentraland might record new heights. With certain partnerships and developments, the users may increase and the investors may focus on investing in it. It could secure a new market rank if it gets recognized by the whole crypto world. By 5 years, MANA might be traded around the $10 mark.

MANA Market Prediction

WalletInvestor

According to WalletInvestor, MANA is a good token to invest for the long-term. Its price could reach $0.257 by the end of 2021 and $0.722 at the end of 2025.

TradingBeasts

According to TradingBeasts, MANA could surge from $1.381 to $2.202 in the coming year and reach $5.387 by the end of 2026.

Digitalcoinprice

Digitalcoinprice predicts that the MANA price may hit $2.09 by the end of 2021 and by the end of 2025 the price may reach $4.04.

Our MANA Price Prediction

MANA might grow in future as it allows the users to develop and monetize. MANA may emerge as the leading virtual trading platform in the world. By the end of 2021, Decentraland might trade at a high price of $2.5.

Also Read: Cardano Price Prediction: Will ADA Price Reach $10 in 2021?

Historical Market Analysis

2017

Decentraland’s currency MANA made its existence in the crypto market on 17 September 2017 with a price of $0.026 according to Coinmarketcap. The token started to fluctuate within a few days and declined to as low as $0.009 by the end of October. Later, the price steadily started to recover and hit $0.13 by mid December and further plunged to $0.096 at the end of December to finish the 2017’s trade.

2018

The token continued to trade at a price of $0.10 during the early January.  The price dramatically surged to $0.27 and further plunged to $0.10 by mid January.  Shockingly, the token declined to $0.08 by early February and arrived at a support level at $0.14 by mid February. MANA managed to trade between the range $0.05 and 0.17 throughout the year. At the end of December 2018, MANA was trading at $0.04.

2019

On a bearish note, MANA entered the year 2019 with a price of $0.04. As the bears continued to drag the prices down, the token slumped to $0.03 and further the token retrieved to $0.05 by March. With certain alteration in the price, the token was exchanged between the $0.03 and $0.04 for several months. Interestingly, the price declined to $0.02 and further recovered to $0.03 by December to end the year 2019.

2020

With a major pullback, MANA started the year 2020 with a price of $0.03 and significantly rose to $0.06 by mid February. Shockingly, the token sank to $0.02 in March as the crypto market crash due to the Covid-19 outbreak all around the world. Further, with steady recovery, the price hovered between the $0.03 and $0.04 mark until hitting $0.10 surprisingly in the month of August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December.  MANA was trading at $0.07 at the end of December 2020.

Also Read: Ethereum Price Prediction, How Much Will ETH Price Cost in 2021?

FAQ

Can Decetraland MANA be halved?

No, MANA cannot be halved or neither mined.

Does MANA really enable its users to develop?

Yes, users can develop and monetize the MANA platform

Is MANA worth investing?

Yes, MANA can be a worthy investment if you plan to invest for long-term.

Where to trade MANA?

MANA can be traded on exchanges like Coinbase Pro, Binance, OKEx, Huobi Global and many more.



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