Decentraland Price Prediction – Will MANA Price Hit $8 in 2022?
2022.06.23 11:11
Decentraland Price Prediction – Will MANA Price Hit $8 in 2022?
- Bullish MANA price prediction ranges from $1.075 to $5.598.
- MANA price might also reach $8 soon.
- MANA bearish market price prediction for 2022 is $0.339.
This Decentraland (MANA) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our MANA price analysis and prediction.
Decentraland (MANA) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific, the crypto was able to achieve an all-time-high price of $5.90 on November 25th, 2021.
Among the cryptocurrencies that are rallying this year, MANA is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, MANA has been around since 2019. Investors in MANA received a return on investment (ROI) of 100.9% in the past year, due to the high interest in metaverse tokens.
In this Decentraland price analysis and price prediction, we take a look at the performance of MANA if it will reach $8. But before that, let us learn more about what Decentraland (MANA) is and its current position in the crypto market.
Table of contents
- Introduction
- What Is Decentraland (MANA)?
- Decentraland (MANA) Current Market Status
- Price Analysis
- Decentraland (MANA) Price Analysis 2022
- Price Predictions
- Decentraland (MANA) Price Prediction 2022
- Decentraland (MANA) Price Prediction 2023
- Decentraland (MANA) Price Prediction 2024
- Decentraland (MANA) Price Prediction 2025
- Decentraland (MANA) Price Prediction 2026
- Decentraland (MANA) Price Prediction 2027
- Decentraland (MANA) Price Prediction 2028
- Decentraland (MANA) Price Prediction 2029
- Decentraland (MANA) Price Prediction 2030
- Conclusion
- FAQ
What Is Decentraland (MANA)?
Decentraland (MANA) is a virtual reality platform based on the Ethereum blockchain. Moreover, it allows users to create, experience, and monetize content & applications. Decentraland launched after a $24 million initial coin offering (ICO) that happened in 2017. In addition, the virtual world launched its closed beta in 2019 and also opened to the public in February 2020. It is the first-ever metaverse token to conduct a fashion week and virtual wedding.
MANA is an ERC-20 token that has to be burnt to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a variety of wearables, avatars, names, and many more on the Decentraland marketplace.
Do you think this market performance of MANA could make it a profitable cryptocurrency this year? Are you curious to find out? To learn more, let’s head to the MANA chart and find out if the price patterns will give us any clues as to how MANA price will move in 2022.
Decentraland (MANA) Current Market Status
According to CoinMarketCap, MANA trades at $0.875 with a 24-hour trading volume of $262,028,942, as of the time of writing this MANA price analysis. The price of MANA has increased by 5.67% in the last 24 hours.
Furthermore, MANA has a current circulating supply of 1.85B MANA. Currently, the top cryptocurrency exchanges for MANA are Binance, OKEx, Upbit, FTX, Gate.io, Bithumb, Bitfinex, Kraken, Bittrex, and CoinTiger Exchange.
Now, let’s proceed to the next part of this MANA technical analysis for 2022.
Decentraland (MANA) Price Analysis 2022
Currently, MANA holds 32nd place on CoinMarketCap. But will the recent changes and developments in the blockchain help the cryptocurrency’s price to reach higher? Let’s proceed to the chart analysis part of this MANA price prediction article.
MANA/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for MANA/USDT, we can deduce that the price of Decentraland (MANA) might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
MANA/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of 1 Day chart is 47.25. This shows that MANA is showing a neutral trend since it is between 30 and 50. This value is triggering a bullish run since more buyers are repositioning as the value is moving further from the 30 RSI value which is the oversold region.
MANA/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be long.
Decentraland (MANA) Price Prediction 2022
The chart below shows that Decentraland (MANA) price has decreased in the past few days. Moreover, the MANA price is down by 2.9% in the last 7 days. If this trend reverses, MANA might run bullish, breaking its $1.075 price at resistance1 level and pushing higher to $5.598 at resistance7, the 2022 bullish signal.
MANA/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
Conversely, if investors go along with the crypto market, the bears might take over and dethrone MANA from its gains. In simpler terms, the price of MANA might plummet to almost $0.339, a bearish signal.
Meanwhile, our long-term Decentraland (MANA)) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $5.90 according to CoinMarketCap this year. Moreover, MANA can hit ATH only if it breaks many previous psychological resistances.
If this bullish trend continues, MANA will reach $5.598 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.075. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $8 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Decentraland (MANA) Price Prediction 2023
The price of MANA can move even great heights, however reaching $30. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency MANA breaks past the psychological resistance level.
Decentraland (MANA) Price Prediction 2024
If MANA holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $50, making it not plummet but play consistently.
Decentraland (MANA) Price Prediction 2025
As per the latest upgrades, developments, MANA price prediction, and new project forecasts of the platform, MANA investors could expect many partnerships and integrations around 2025. Moreover, this might boost the price of MANA in the crypto market, and it will be the best investment as the price can spike and reach around $100.
Decentraland (MANA) Price Prediction 2026
In the next four years, MANA’s price could race up to $150. However, reaching this level could not be so difficult for MANA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MANA has a high possibility of reaching new ATH soon in the next four years as per the prediction.
Decentraland (MANA) Price Prediction 2027
As per the latest upgrades, developments, MANA price prediction, and new project forecasts of the platform, MANA investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of MANA in the crypto market, and it will be the best investment as the price can spike and reach around $300.
Decentraland (MANA) Price Prediction 2028
In the next six years, MANA’s price could race up to $500. However, reaching this level could not be so difficult for MANA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MANA has a high possibility of reaching new ATH soon in the next six years as per the prediction.
Decentraland (MANA) Price Prediction 2029
As per the latest upgrades, developments, MANA price prediction, and new project forecasts of the platform, MANA investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of MANA in the crypto market, and it will be the best investment as the price can spike and reach around $700.
Decentraland (MANA) Price Prediction 2030
In the next eight years, MANA’s price could race up to $1000. However, reaching this level could not be so difficult for MANA as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that MANA has a high possibility of reaching new ATH soon in the next eight years as per the prediction.
Conclusion
MANA has a great future ahead of it in 2022. With ongoing developments happening within the MANA ecosystem, as well as in the overall crypto market, we may see MANA reach new heights.
Moreover, our long-term 2022 MANA price prediction is bullish. In addition, MANA has a high possibility of surpassing $1.075 and can reach above $5.598 this year. However, that will happen only if it breaks past a few psychological barriers.
What is MANA? Decentraland is a virtual reality platform based on the Ethereum blockchain. It was launched after a $24 million initial coin offering (ICO) that happened in 2017. MANA is its native cryptocurrency.
How to Buy MANA Tokens? Like other digital assets in the crypto world, MANA can be traded on many exchanges. Users can obtain MANA tokens by purchasing them from cryptocurrency exchanges such as Binance or Huobi Global.
Is MANA worth buying? MANA is a good investment in 2022. However, crypto traders need to take extra care when trading in cryptocurrencies, as they are extremely volatile.
Is MANA coin a good investment? MANA is one of the active digital assets in the crypto market. In addition, MANA is now one of the famous crypto platforms that also creates NFT’s.
What will be the Decentraland price by 2022? Decentraland (MANA) price is expected to reach $5.598 by 2022.
What will be the Decentraland price by 2023? Decentraland (MANA) price is expected to reach $30 by 2023.
What will be the Decentraland price by 2024? Decentraland (MANA) price is expected to reach $50 by 2024.
What will be the Decentraland price by 2025? Decentraland (MANA) price is expected to reach $100 by 2025.
What will be the Decentraland price by 2026? Decentraland (MANA) price is expected to reach $150 by 2026.
What will be the Decentraland price by 2027? Decentraland (MANA) price is expected to reach $300 by 2027.
What will be the Decentraland price by 2028? Decentraland (MANA) price is expected to reach $500 by 2028.
What will be the Decentraland price by 2029? Decentraland (MANA) price is expected to reach $700 by 2029.
What will be the Decentraland price by 2030? Decentraland (MANA) price is expected to reach $1000 by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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