Decentraland platform offers a virtual reality project previously based on the Ethereum blockchain. In such a system, each participant acquires a digital land, making it unique, as well as interact with other users within the whole ecosystem.
In January 2020, the price of MANA coin began to grow. Mostly, it was associated with the launch of Decentraland mainnet. What are the prospects of Decentraland coin price? Let’s find out in Decentraland’s (MANA) price prediction for the next five years.
Decentraland (MANA) Fundamental Value
The Decentraland project was launched in 2015. The first stage became a trial version and was called the Stone Age. The main emphasis was placed on the Proof of the Concept, as well as on the functioning of non-interchangeable tokens, each of which became unique in its own way.
The network itself has become a set of pixels with a set of information about the owner. It was possible to get a similar plot through the extraction of a new block, the opportunity was realized to change the color of the pixel, as well as sell it to other participants.
In late 2016 – early 2017, the Bronze Age concept was implemented, in which Decentraland virtual reality was implemented in three-dimensional mode. Users got the opportunity to create models and textures, they could be seen in a standard browser, without virtual reality glasses.
The concept of further development of the project comes down to creating a full-fledged virtual world. Decentraland developers say that within the framework of the proposed functionality, users will be able to transfer forums, chats and even social networking to this platform.
The plot in the Decentraland system has an area of 100 squares. For a new user, the acquisition of sites is practically unlimited. Moreover, the already registered owner of such land can acquire new allotments only next to their own.
The project plans not only the implementation of tools for modeling and communication. Users will be able to upload their own content on sites – photos, videos, games. Access to it by other participants can be acquired for internal cryptocurrency at owner prices.
Decentraland developers strive to create a decentralized platform in which there will be no restrictions. Users themselves form their sites within the framework of the proposed functionality and their imagination.
In February 2020, the project launched the mainnet.
|Curr. Supply / Total Supply||1,050,141,509 MANA / 2,644,403,343 MANA|
|ROI since launch||35.99%|
Decentraland (MANA) Price Analysis
The all-time highest price is $0.288857. It happened on Jan 09, 2018. In 2018, the MANA coin was very successful as well as the whole crypto market. In 2019, the price went slightly up in the middle of 2019. In 2020, the MANA rate went up at the end of January.
Decentraland (MANA) Technical Analysis
Well, there is not actually any technical analysis expertise of Decentraland cryptocurrency. However, here is the aggregate rating for MANA from several traders & analysts on TradingView.
Decentraland (MANA) Cryptocurrency Price Prediction for 2020-2025
#1. Trading Beasts MANA Price Prediction for 2020-2023
The Decentraland price is forecasted to reach $0.0419469 by the beginning of September 2020. The expected maximum price is $0.0522098, a minimum price $0.0355027. The Decentraland price prediction for the end of the month is $0.0417679. By the end of 2021, the price of MANA coin will be $0.0378169. In 2022, Decentraland coin price may go up to $0.0446067. In 2023, the price may reach $0.0522829.
#2. Crypto Ground Price Prediction for 2020-2025
Based on the data, it can be predicted that it is Profitable to invest in Decentraland (MANA) for the long term. By long-term, they mean that the Decentraland forecast for a period of 5+ years. The price of Decentraland (MANA) in 2022 will be about $0.1083. The price of Decentraland (MANA) after 5 years (from today) will be around $0.2495.
#3. Wallet Investor Decentraland Price Prediction for 2020-2025
MANA is a bad long-term (1-year) investment. The price of Decentraland may drop from 0.0355 USD to 0.01082 USD. The change will be -69.525%. In 2022, the price of MANA will probably be $0.00946. By the end of 2023, Decentraland coin will be $0.001045. In 2025, the average price of MANA can drop to $0.000555.
#4. Digital Coin MANA Price Forecast for 2020-2025
Decentraland (MANA) is a profitable investment based on forecasting. The price of 1 Decentraland (MANA) can roughly be up to $0.10021114 USD in 1 year’s time a 3X nearly from the current Decentraland price. In 2025, MANA coin can drop to $0.0862125.