We have seen how different cryptocurrencies massively expanded in 2021. One of these virtual currencies was Decentraland (MANA). However, investors are already asking what will happen in 2022 and which is Decentraland (MANA) Price Prediction for the coming months.
We have decided to create a blog about Decentraland (MANA) price prediction 2022 in order for you to get a clear idea of what to expect from this virtual currency in the coming years. If you are invested or you want to know more about this project, we will also cover the basic information about it.
Additionally, you will also learn what could happen with Decentraland not only in 2022 but also in 2023, 2024 and 2025. This should keep you covered for Decentraland (MANA) for the next few years. Without further ado, let’s start with this blog about Decentraland (MANA) price prediction 2022.
What is Decentraland (MANA)?
Decentraland (MANA) is one of the projects in the cryptocurrency market working on a Metaverse and a virtual reality universe. This project has been growing in recent years thanks to the expansion of blockchain technology and the interest from users in different Metaverse projects.
Individuals can purchase LAND tokens, which represent unique pieces of virtual land that can be purchased and sold in the open market. Being able to hold LAND became a privilege recently. Thanks to the growth experienced by this digital asset (MANA), the number of companies and investors gaining exposure to Decentraland grew as well.
Users on Decentraland can create an avatar and start engaging in different activities in the Metaverse. Users can play games, meet with other people or even participate in different events organized by companies and the founders of Decentraland.
MANA is the virtual currency used in order to power the whole experience on the Decentraland metaverse. This digital currency runs on the Ethereum (ETH) platform with the ERC-20 standard. This is the main token of this project besides the non-fungible token called LAND, which represents virtual land.
In the future, Decentraland could release new functionalities and projects related to its virtual world. It is just a matter of time before we see new initiatives and projects. Indeed, companies could create their own virtual realities on top of decentraland. That means that there could be a large engagement from popular companies and firms trying to get the most out of this metaverse and virtual reality world.
Decentraland (MANA) Fundamental Analysis
When it comes to MANA and the fundamental analysis about it, we should take into consideration many things. For example, one of the most important things is related to the project attracting new users. A large number of investors (regular users) would definitely have an impact on MANA’s and LAND’s prices.
If Metaverse projects continue to grow in the coming years, then Decentraland has definitely a clear advantage. This project was one of the first ones to be released that talked and proposed a Metaverse. Due to this reason, Decentraland has high chances of becoming an even larger cryptocurrency project in the coming years.
LAND is also expected to move higher in price. However, there is a difference between LAND and MANA. LAND could have different prices depending on the type of parcel that the person is selling. Some investors prefer to diversify their assets by purchasing both MANA and LAND, while others prefer to buy one of these two assets.
One thing is clear, if MANA grows, then LAND should move higher as well. There are a few examples in which one of these tokens moves higher without the other following behind.
Another thing to take into consideration is that, as we mentioned before, a large number of companies could start getting involved in the metaverse. Rather than starting their own projects, it is always a good idea to rely on the services and solutions already offered by other initiatives, such as Decentraland.
Let’s also not forget that Facebook has changed its name to Meta in 2021, which has had a strong impact on the price of Decentraland. This could be very important as other companies could also get involved with Decentraland, having a clear impact on the price of MANA.
Decentraland (MANA) Price Analysis
We need to also focus on the price analysis of MANA. It might be more difficult to do a price analysis for LAND considering that the price of each parcel would depend on its position in the Metaverse and the functionalities that it could offer to investors.
This project was released in 2017 and for a period of several years (until early 2021), the digital currency remained quite flat in terms of price. Things changed when the project started moving higher with the growth of Bitcoin (BTC), which reached all-time highs in 2021.
As you can see in the image above, there has been a very explosive move in late 2021. This was related to Facebook announcing its rebranding to META. This was very important for Decentraland to reach the price that it has reached nowadays.
It would be very important to understand whether the demand for MANA and LAND will continue in the future as it spiked in recent months. It might be quite possible for MANA to come back to previous price levels in order to start a new period of consolidation. This would also depend on whether the market will experience a bear trend or not.
But what is happening now in 2022 with the price of this virtual currency? We know that the crypto market entered a bear trend in late 2021, which means that the price of most virtual currencies has been moving lower over the last few months. This has also had an impact on MANA.
The most recent data shows that MANA has already fallen to the levels previous to the massive bull run of mid 2021 (related to Facebook’s change to META). That being said, the market could continue to move lower in the near future, especially if the FED continues with its policy to hike interest rates to stop inflation from moving even higher.
During periods of tightening market conditions (higher interest rates) risk assets tend to move lower. Therefore, the bear trend could continue as long as the FED does not pivot into a more dovish stance towards inflation.
Decentraland (MANA) Market Price Prediction
Let’s also now pay attention to Decentraland’s future. Decentaland (MANA) price prediction is very important to understand whether this project has a future or not. Of course, we cannot predict what will happen in the coming years, however, we could try understanding which are the different possibilities for this virtual currency and this digital asset.
Most of the things that we have to take into consideration are related to fundamentals. When it comes to technical analysis, it might be more difficult to understand the price evolution of MANA. Furthermore, it would be necessary to use log charts.
The fundamentals are going to have a large impact on MANA and LAND. But we should also pay close attention to cryptocurrency market cycles and how they could help MANA move higher or lower in the coming years. Additionally, we should focus on the expansion of different Metaverse projects. The larger the impact of virtual worlds in the crypto and blockchain communities, the better it would be for MANA.
This would represent a great opportunity for investors to get access to one of the most promising coins in the crypto market. For the long term, this could be a great opportunity, however, for the short term, there could be some pain ahead.
Disclaimer: we are not financial advisors and all the information shared in this post and by UseTheBitcoin is for educational purposes only. We are not responsible for any investment decisions you make after reading this post. Never invest more than what you are able to lose and always contact a professional financial advisor.
Decentraland (MANA) Price Prediction 2022
It is now time to start with the price prediction for Decentraland (MANA) in 2022. Different analysts have made clear technical analyses of Decentraland and shared their points of view about this virtual currency for the coming days, weeks and the whole of 2022.
Decentarland (MANA) had an incredible 2021. We have seen the virtual currency moving from values close to $0.03 to $5 throughout the year. This has allowed a large number of investors to get access to this virtual currency and make large profits.
This bull run in 2021 was very positive for MANA. But as we already know, after a strong bull market, a bear trend starts. In this case, Decentraland has been correcting for some weeks already.
The market could continue to move lower if the trend does not change in the coming months. This is why it would be very important to follow it and see what could happen with MANA in the near future.
Decentraland (MANA) Price Prediction 2023
Decentraland’s price prediction for 2023 and future years would be highly dependent on market cycles. This is very important to understand considering that the whole cryptocurrency market expands and retraces following different cycles.
If in 2022 we see a bear trend, then 2023 could be the continuation of this correction. Although it could have a different shape (it could be an accumulation phase and not a deep correction), we might see MANA moving lower for two consecutive years. This would be highly dependent on central banks and their stance on inflation. 2023 could also be the year of the recovery phase after a bear trend.
Therefore, it would be very important for investors to be prepared for all types of scenarios. But this would also depend on whether Bitcoin (BTC) and the entire market move lower or continue moving higher.
Decentraland (MANA) Price Prediction 2024
Let’s now focus on 2024. As we have been following different market cycles, we need to understand that if we have been in 2 years with a bearish action, we can start to see a recovery. This recovery might not be with a straight move higher, but it might be divided in different stages.
2024 could simply be the year in which the market starts moving higher once again after several years of accumulation and price correction. Decentraland could show that it is ready for a new bull cycle, and this could be seen in its price action.
Nonetheless, we know that price predictions are very difficult to do. This is simply for educational purposes only and it is not financial advice.
Decentraland (MANA) Price Prediction 2025
Decentraland (MANA) has very fast and explosive moves. This is very important to understand because the market might not give signals of a change in the trend. This is why we could suddenly see MANA moving higher or lower in 2025 depending on the general market’s trend.
There are many things to take into account before we reach 2025. Moreover, it would be very important to follow the different events that could have an impact on MANA’s price. As we have seen, Facebook launching its new META rebranding in 2021 was a catalyst for the price of this virtual currency to reach new all-time highs.
Current Price As Of 2/7/2023
How to Buy Decentraland (MANA)?
These are the steps that you should follow if you want to buy Decentraland using a cryptocurrency exchange.
Step 1: Search for a Cryptocurrency Exchange and Open an Account
There are different cryptocurrency exchanges that have added support to MANA. This would make it easier for you to get access to this virtual currency. You should find one of these crypto trading platforms and open an account. This might require you to share some private information, a password and an email account.
Step 2: Deposit Funds
As soon as you create your account, you will be able to deposit funds that would then be used to buy MANA. Depending on the platform that you have chosen, you will have different payment methods available. It would be a very positive thing to find an exchange that would let you deposit your local fiat currency. This would make things even easier.
Step 3: Buy Decentraland (MANA)
Finally, you should buy MANA with the funds that have been deposited to your account. You can use the traditional exchange in order to open a limit order or to execute a market order. Limit orders would let you select the price at which you want to buy MANA. Instead, the market order would simply buy MANA at the ebay available price at the time that you execute the order.
Frequently Asked Questions (FAQ)
These are some of the most commonly asked questions about Decentraland (MANA).
What is Decentraland?
Decentraland is one of the largest metaverse crypto projects in the world. It works with the MANA digital currency and another token called LAND. LAND represents virtual land on the Decentraland Metaverse.
LAND is a very important part of Decentraland as it allows companies and investors to be part of this fast-growing ecosystem.
Difference Between Decentraland and MANA
There are some differences between Decentaland and MANA. As we usually explain, Decentraland is the name used to describe the whole ecosystem related to this project. This includes virtual worlds, LAND, and the whole Metaverse. However, it is usually used interchangeably with MANA, the virtual currency used to power the whole Decentraland ecosystem.
Where Can I Buy Decentraland?
You can buy Decentraland at any cryptocurrency exchange that will support this virtual currency. The process is very easy and you should make sure that the platform that you use lets you deposit your local fiat currency to buy this digital asset.