Can Decentraland (MANA) Be Next BITCOIN? | Decentraland (MANA) Price Prediction – 90$+

In the fickle crypto market, the metaverse hype appears to have gone away – for now – and with it the coin price of Decentraland’s MANA. Can Decentraland (MANA) Be Next BITCOIN

Within a month of Facebook’s decision to rename Meta and commit to the metaverse in late October, the price of MANA, the virtual reality cryptocurrency, soared to more than 70 times its 2021 beginning price.

Since then, there has been a succession of falling surges and steadily deeper troughs, with the price now at $3.72, roughly 38% lower than the all-time high in November. Due to a 16 percent charge today, this is looking slightly better than it was.

According to data from Cryptoslate, Decentraland (MANA) is by far the largest of the VR cryptos, with a market capitalization of $6.78 billion. The second-largest VR crypto, CEEK, has a market capitalization of $578 million.

Can Decentraland (MANA) Be Next BITCOIN? What is the metaverse’s potential? What exactly is Decentraland’s cryptocurrency, and Decentraland (MANA) Price Prediction

We’ll go over the project’s recent developments and some of the coin’s most recent price projections in this piece.

The Top/The Best Cryptocurrency You Can Buy Under $5 in 2022

What is Decentraland (MANA)? Whats The Reason Behind It?

The Ethereum blockchain powers Decentraland, a decentralized virtual reality network. “Unlike other virtual worlds and social networks, Decentraland is not governed by a centralized organization,” according to the white paper.

Ariel Meilich and Esteban Ordano co-founded this platform, which was launched in 2017 after a $24 million initial coin offering (ICO). In February 2020, it became available to the general public.

MANA tokens can be used to buy and develop real estate in the virtual reality world. As a result, a hub is created, and new digital goods and services are created as a result. Unclaimed land can be purchased at the same exchange rate (1000 MANA = 1 LAND) as claimed land, according to Decentraland, and the owners of this property can trade at different rates on a secondary market in the virtual platform.

Burning MANA will destroy the token and establish a new record in the registry, allowing you to purchase LAND.

Decentraland is managed through a decentralized autonomous organization (DAO), in which MANA token holders set the agenda and vote on regulations such as land auction laws and what kinds of content are permitted in the virtual reality realm.

“There are no technical specifications for what could be developed in Decentraland,” according to the whitepaper.

Users can thus build commercials, digital collectibles, and interactive games in this metaverse, while “additional use cases, such as training and professional development, education, therapy, 3D design, and virtual tourism, among others,” could emerge.

According to Binance, there were 1,824,548,334 MANAs in circulation at the time of writing (December 27), accounting for 82 percent of the total 2.19 billion supply. Decentraland (MANA) crypto has a market cap of $6,973.35M dollars, making it the 29th largest cryptocurrency.

The MANA supply was initially set at 2.8 billion tokens, but this was lowered after more than 600 million tokens were burnt due to LAND auctions. During the 2017 ICO, 40% of the MANA supply was sold, according to CoinMarketCap. Furthermore, 20% was set aside to reward the community, 20% went to the development team and other early donors, and the remaining 20% was held by Decentraland.

Because Decentraland transactions are supported by Ethereum blockchains, there is a charge that is paid in ETH tokens. This is known as the “gas fee,” which is a network payment made to the transaction’s miner. As a result, the larger the “gas” charge, the faster miners will execute the transaction. The transaction may go unprocessed if the offer “gas” price is below the market level.

In addition to the main Ethereum blockchain, Decentraland is collaborating with Polygon (formerly Matic) to develop a sidechain that will make transactions cheaper and faster. The advantages of using a sidechain are that it occurs closer to real-time and at a lower cost. For more valuable transactions, Decentraland urged its users to use the more secure Ethereum chain.

Other coins in the area saw significant gains as a result of Facebook? meta announcement: CEEK, a smart VR token, increased by nearly 4000 percent; VIB, the coin for meta world VibeHub, increased by 1700 percent; JETSTAR, another decentralized ecosystem, increased by nearly 1000 percent; SAND, a blockchain-based virtual world, increased by nearly 1000 percent; and RENDER, a blockchain-based distributed graphics processing unit, increased by 600 percent. Can Decentraland (MANA) Be Next BITCOIN

The Top/The Best Cryptocurrency You Can Buy Under $1 in 2022

What’s Next For This Coin? Can Decentraland (MANA) Be Next BITCOIN?

Meta’s dedication to the metaverse’s development is expected to spark market interest and growth. As a result, some investors are optimistic about the price of the MANA coin. “Decentraland’s MANA token is in the price discovery phase and appears to be gearing up for additional rises,” cryptocurrency expert Ali Martinez stated.
If Mana fails to remain above $2.60, Martinez cautioned, there might be a surge in selling pressure, resulting in a sharp drop to $1.55.

Short-term technical MANA price analysis from CoinCodex was optimistic at the time of writing, with 28 indicators indicating bullish signs and one indicating bearish indications. By the end of December, the service predicted that the coin will be worth $4.03.

Longer ahead, Wallet Investor’s Decentraland pricing estimate was more bullish, anticipating that the average price would reach $3.17 at the start of 2022, $5.3 by the end of 2022, and $11.7 by the end of 2025. Can Decentraland (MANA) Be Next BITCOIN

According to DigitalCoin, the projected price of the Decentraland coin might be $5.9 in 2022, $7 in 2023, and $7.3 in 2025. According to the website, it might trade at an average price of $15.5 by 2028, with a high of $16.1.

According to Price Prediction’s MANA estimate, the coin will average $4.58 in 2022, $6.65 in 2023, and $13.91 in 2025. It is predicted that by 2030, the coin will average $93.66. Can Decentraland (MANA) Be Next BITCOIN

It’s vital to remember that cryptocurrency markets are still incredibly volatile, making it difficult to anticipate a coin’s price in a matter of hours, and even more difficult to make long-term predictions. A coin’s value can drop just as quickly as it can rise. As a result, experts and forecasting websites can and do make mistakes.

Before making any investment choice, we urge that you conduct your own research and evaluate the latest market trends, news, technical and fundamental analysis, and expert opinion. It’s also important to remember that past price performance is no guarantee of future results. Also, never put more money into anything than you can afford to lose.

Follow To Stay Updated

How many Decentralized (MANA) coins are there?

According to Binance, there were 1,824,548,334 MANAs in circulation at the time of writing (December 27), accounting for 82 percent of the total 2.19 billion supply. Decentraland (MANA) crypto has a market cap of $6,973.35M dollars, making it the 29th largest cryptocurrency.

Is the MANA coin a good investment?

MANA is one of the most appealing cryptos now sweeping the crypto market. In November of this year, the coin reached an all-time high of $5.85.
The coin, however, has no connection to BTC and is not promoted. However, for those who are familiar with the coin, it has been in existence since 2015 and is unquestionably a sound investment.

Can the Decentraland (MANA) price reach $5?

Wallet Investor and DigitalCoin, for example, forecasted that the MANA price will reach $5 by 2025. Only you can decide whether or not you believe their predictions. It’s important to remember that experts and forecasting websites can and do make mistakes.

Posts Tagged with… , , , , , , ,

Reader Comments

Write a Comment

Your email address will not be published.