MANA Price Prediction 2024, 2025: When Will Decentraland Reach $1?
For newcomers to the industry, Decentraland is one of the most efficient virtual reality platforms powered by the Ethereum blockchain, which hosts its digital token, MANA.
As Decentraland’s prominence in the industry grows, land prices are soaring, and events are becoming more frequent. Marketers are curious about both short-term and long-term price predictions for Decentraland.
Are you curious about MANA’s price prediction? If so, join us as we explore MANA’s price forecast for 2024 and beyond.
MANA Price Prediction 2024
As mentioned, the metaverse sector is witnessing incredible exploration. It now spans across borders and demographics. This overwhelming feat briefly highlights the project’s future.
The growing popularity of Decentraland could push MANA tokens to a potential high of $0.91 by the end of 2024. Conversely, the entry of major corporations and aggressive marketing might overshadow Decentraland, causing the digital currency’s price to drop to a low of $0.32. On the whole, considering bullish and bearish targets, the average price of MANA tokens might settle around $0.62.
MANA Price Prediction for 2025
The coming years will remain crucial for Decentraland. Both the platform and its native asset, MANA, could become a turning point as the industry experiences a revolutionary shift toward the metaverse. Decentraland may forge new partnerships and developments and host significant, unprecedented events, potentially driving the price up to $1.97.
On the other hand, if the protocol loses appeal due to emerging and stronger competitors, the token’s price could drop to $0.99. That said, regular buy and sell pressure could keep the price around $1.48.
MANA Price Prediction for 2026
Based on forecast prices and technical analysis, Decentraland’s price is expected to reach a minimum of $1.61 in 2026, with a maximum potential price of $2.86, and an average trading price of approximately $2.23.
CoinDarwin’s Decentraland Price Prediction
MANA is likely to see growth in the future, as it allows users to develop and monetize. This altcoin may also become the world’s leading virtual trading platform and a preferred venue for virtual events.
For 2024, MANA’s price could close at a high of $0.91. However, a bearish trend might limit the price to $0.32. Regular trading practices might stabilize the price at $0.62.
Fundamental Analysis
Decentraland was founded by Ariel Meilich and Esteban Ordano, both of whom have since stepped down from their primary roles but continue to assist Decentraland as advisors.
Ariel Meilich served as the project lead for Decentraland from 2017 to 2020. He has also founded several other startups, such as an online translation agency and a CRM platform.
Previously, Ariel worked as an analyst for the prominent Silicon Valley venture capital fund, Charles River Ventures.
Co-founder Esteban Ordano worked as a software engineer at BitPay Inc. He also served as an advisor for the Matic Network and managed a smart contract development startup called Smart Contract Solutions.
Factors Influencing MANA Token Prices
- Supply and Demand: A surge in supply and demand could help the token’s price reach new highs.
- Fiat Currency Inflation: Severe inflation could drive people and governments to turn to cryptocurrencies as an alternative.
- Government Regulation: Regulations from governments and Central Bank Digital Currencies (CBDCs) could have a significant impact on the crypto industry.
What is Decentraland?
Decentraland is a virtual reality platform that operates on the Ethereum blockchain. It allows users to purchase land, build on it, and monetize it. It is the first fully user-owned and governed virtual platform. The protocol has three layers: the consensus layer, the land content layer, and the real-time layer.
Interestingly, Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token running on Ethereum, which can be used to purchase various avatars, names, wearables, and more on the Decentraland marketplace.
Decentraland’s main goal is to help content creators, individuals, and businesses find new artistic mediums or provide a platform for new business opportunities.