Think about it. A virtual casino where you can legally gamble and use crypto such as MANA to buy in. MANA is going to go through the roof. Atari has already sealed the deal. Here’s the point being made: the speculation is on the real estate within the virtual world. The more your MANA is worth, the more land within the system you can buy. People will then open virtual businesses in prime spots and profit from them. I’m not saying that I agree or disagree with the price; I just think that is why the price is moving.
After reading about METAFEST 2022 their NYE party, my buddy was all in. He realized that in less than 10 years the people’s gaming interest will most likely go more VR. People want unique customization and immersive play. Give them the opportunity to own land or buy NFT that can be bragged about not only in their universe but the real world? His goal has been to find the next “thing” for his kid. He will be in my 60’s living off of the Moons MANA will hopefully provide.
Decentraland is a virtual reality platform based on blockchain technology. Decentraland is a virtual world like the virtual worlds depicted in the movie ‘Tron’ or ‘Ready Player One”, but in the real world. Decentraland users can use the virtual token of the world (MANA) to make transactions in the Decentraland marketplace. Users can buy virtual land or digital land in the form of a Non Fungible token (NFT) that can be used to verify ownership in the cryptocurrency world.
All transactions in Decentraland require the use of MANA crypto. MANA cryptocurrency is a Decentraland coin that powers the Decentraland virtual network. As the concept of NFTs becomes more popular, the popularity of Decentraland and its cryptocurrency MANA has blown up. People can buy MANA to interact with its decentral games, which are available on most major crypto exchanges.
What is MANA?
MANA is the cryptocurrency on Decentraland – the world’s first-ever metaverse built on the Ethereum blockchain. It is a virtual reality where you can customize your appearance, explore and create, and buy a real estate property.
Decentraland’s initial coin offering achieved its goal in just one hour after its release into the crypto market, raising nearly €22 million. Today, MANA is used within the platform for customizable units such as wearables, masks, or a custom name available on the website’s marketplace.
Virtual Reality is still a technology in development, and it is exciting to think about its growth potential if it decides to go hand in hand with blockchain technology. The MANA team is very competent and shows a clear inclination towards decentralized environments, which is undoubtedly an important point to assess its development. MANA and Decentraland are trailblazers and pioneers in the new world of virtual crypto reality.
The idea was brand-new at the time, which makes MANA developers trendsetters in this field. It seems like good things always come from Ethereum, which inspires confidence in Decentraland developers. It is also a good starting point for novices in the crypto market and digital creators and investors in digital content.
Decentraland price analysis is bearish today as bulls are exhausted after a 70 percent gain over the last 24 hours. Therefore, we expect MANA/USD to retrace and establish a higher low later this week.
After one last spike lower on Wednesday, the Decentraland price action did finally break higher. The $0.85 resistance was quickly broken, leading to a strong rally over the following day, leading MANA/USD to a new several-month high at $1.30.
Observers note that MANA was trading below the $1 mark at the start of 2021, briefly climbing above that threshold in May. However, the coin rallied in October following Facebook’s announcement, rising to its all-time high above $5 within a few weeks. In 52 weeks, MANA’s price reached 4,000%, outperforming numerous coins in the process.
Tokens.com, a Canadian investment firm, purchased in November virtual real estate on the Decentraland platform for roughly $2.5 million, the biggest in the history of the metaverse space. Popular gaming hardware company GameStop also announced earlier this month that it would start accepting MANA, SAND, and a few other cryptocurrencies as means of payment for its products. These year-ender developments seem to have set the trend for the MANA prices.
Decentraland price projection from Longforecast (2022-2025)
MANA price prediction by WalletInvestor (2022-2025)
Decentraland price equal to 3.322 USD at 2022-01-01. If you buy Decentraland for 100 dollars today, you will get a total of 30.102 MANA. Based on WalletInvestor forecasts, a long-term increase is expected, the price prognosis for 2026-12-26 is 15.390 US Dollars. With a 5-year investment, the revenue is expected to be around +363.28%. Your current $100 investment may be up to $463.28 in 2027.
At press time, MANA is trading around $3.7 per coin. The token’s price could rally by nearly 140% in 2022 as WalletInvestor analysts predict that MANA could trade around $8 by the end of next year.
MANA price prediction by DigitalCoinPrice
One of the biggest trends in the cryptocurrency market this year is the Metaverse. The metaverse didn’t gain much attention earlier this year but burst into the scene in the second half of 2021 as investors took advantage of the change in dynamics and Facebook changing its name to Meta.
MANA and SAND have added thousands of percentages to their values since the start of the year, and they are now amongst the top 100 cryptocurrencies by market cap. Their adoption didn’t kick off at the start of the year, but they grabbed attention towards the end of 2021.
MANA price movements are predicted to be bullish through the years due to the growing popularity of online gaming. Possible future growth depends on various factors: announcements, new technological solutions of the Decentraland projects, the crypto environment in general, legal position, etc. We kindly remind you that before investing in any cryptocurrency, it is essential to do your research.
FAQs about MANA
How to Buy MANA Tokens?
Is MANA worth buying?
MANA proved to be a good investment in 2021. However, crypto traders need to take extra care when trading in cryptocurrencies, as they are extremely volatile.
Will MANA Reach 1 USD in 2021?
As per the current price bull Run, the MANA token is trading at $3.7 (+4,000%) and can increase further in the long term.