Is Decentraland (MANA) Running Out?

MANA is the native cryptocurrency of Decentraland - the first ever metaverse platform developed on the Ethereum blockchain. The project gained €22 million during MANA's initial coin offering.

Amid the frenzy on the metaverse, MANA increased substantially in early 2021. It gained over 4,300%, majority of the profit has been erased due to the recent crypto winter. But has MANA run out completely?

Price Predictions by Authority Site

The price of MANA is currently around $0.8073, with nearly $1.5 billion market capitalization, according to Coinmarketcap. Given the current price, MANA is down more than 86% from the ATH of $5.90.

1. Wallet Investor Regardless, Wallet Investor believes MANA is a fantastic long-term (1-year) investment. The system predicts that MANA could reach $7 over the next five years. The revenue is estimated to be about +744.09 percent after a 5-year investment.

2. CoinCodex CoinCodex’s technical indicators show a bearish pattern in MANA’s price. However, the system predicts that MANA’s price will reach about $9.29 in 2025. CoinCodex rates MANA as a good long-term investment.

3. Digital Coin Price The website predicts that Decentraland’s token might break over the $1.38 barrier and capture the market by the end of 2023. It also forecasted that MANA trade at the minimum price of $4.18 in 2031.

Cryptopolitan Price Prediction

2022 The price of MANA is expected to reach a low of $0.97, an average of $1.01, and a maximum of $1.09 in 2022.  2025 The price of MANA is predicted to fall to a minimum of $2.99, a high of $3.55, and an average price of $3.09 in 2025.  2030 The price of MANA is expected to reach a low of $19.88, a high of $22.63, and an average trading price of $20.42.

Is Decentraland a good short-term investment?

MANA dropped to as low as $1.05 for the first time since May 9, 2022, after bullishly climbing out of the market crash and hitting highs at $1.35. Some predicted that MANA could soar to $3 in early 2022, but MANA seems running out at this point in time. The better strategy could be a long-term investment, but this is not investment advice.

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