MANA is the Cryptocurrency that can be used for making payments in the virtual world for buying land in the Decentraland game. Decentraland is a platform that belongs to the GameFi sector, which runs on the blockchain of Ethereum, making it safer and more secure.
In the world, users can explore the metaverse and fill it with content, using MANA coin as money to buy properly and increase its value by adding accessories. This platform uses NFT to ensure the ownership of the land purchased in the game. Investing in the such platform is a great way to earn huge profits. However, the future of the MANA coin is something that most investors need to know about.
What Is Metaverse?
Metaverse is an idea in which human beings will interact in the virtual world. Nowadays, many virtual worlds run on blockchain technology, and Decentraland is among them. Users can use the token associated with metaverse to purchase items like land and other accessories.
How to Predict Decentraland Price with Technical Analysis?
You might be willing to find the entry point in MANA with the help of technical analysis. Chart of every Cryptocurrency or financial market has different time zones. So if you want short-term signals, you must select the setting from 15 minutes to 2 hours. On the other hand, for long-term signals, you must set the chart from 4 hours to 1 week. In the selected timeframe, you can buy whenever you notice a breakout.
Price History of Decentraland
In the autumn of 2017, MANA started trading in the open markets of Cryptocurrency. In the initial days, Decentraland price was worth $0.02 and reached its all-time low on 13 October 2017, which is $0.007883. However, for the next three years, it stayed between $0.01 to $0.10, but at the end of 2020, it recovered and cooled to $0.07825.
The beginning of 2021 was great for all cryptocurrencies as most of them were hitting their all-time high, and Decentraland was no exception to it and reached $1.55 on 28 April. Unfortunately, after the crash of Cryptocurrency on 19 May 2021, it reduced to $0.58 at the end of June.
In august 2021, due to NFT, metaverse became the trending topic and contributed to the demand for Decentraland. On 5 September 2021, it again recovered and reached $1.08. November 2021 was a historical time for MANA, as it achieved its all-time high of $5.90 on 25 November. 2021 was very productive for MANA as it rose more than 4000%.
Is MANA Good For Future Investment?
The Crypto world is full of uncertainties, so the Decentraland forecast is very hard to make. In 2022, all cryptocurrencies, including MANA, suffered a lot. However, remember to make the investment decision after researching the coin properly because a token having a high market cap doesn't have to show positive results.
But according to the analyst, this coin can show big positive movement in the coming 2-3 years, but crypto predicts are often wrong. For example, some analysts predict that Decentraland will go upto $13.479, while some say it will reduce to $1.97.Therefore always invest the money you are ready to lose................................................................................
If you want to know what the price of Decentraland will be within the next ten years, our Decentraland price forecast can give you a really good idea of what to expect, you can check the link below or enter our chat rooms and talk with crypto enthusiasts and traders.