Decentraland is a somewhat fanciful crypto name, but this coin has rapidly grown more popular among serious investors with an eye on both short and medium-term gains. This crypto form allows the investor to trade, develop, and purchase virtual land in a decentralized way. Let’s learn more about it.
What is Decentraland?
The Decentraland concept came from Esteban Ordano and Ariel Meilich. They conceived of and launched the project in 2020, along with the coin that goes with it. Like most other crypto forms, the general public can get in on the action by snapping up some of the 2.19 billion “MANA tokens,” as the creators dub them. You can invest in the Decentraland crypto while interacting with the activities and games this virtual world offers.
Decentraland Recent Updates and Price Changes
If you’re looking at Decentraland’s current price, you’ll see that it sits at $0.4649 in US dollars. That’s up about 0.60% in the last 24 hours. However, while it’s always comforting to see a modest price increase, that’s still down 29.37% from the 7-day all-time high. That number is $0.6583. Still, the all-time low is $0.04125, so investors will note this coin appears to be inching gradually in the right direction.
Decentraland Price Prediction for 2023- 2027
Anyone looking to invest in Decentraland’s cryptocurrency for a five-year term will want to know about the latest market predictions. Some analysts see the MANA tokens going up to anywhere from $0.062 and $0.091 during the rest of the calendar year 2022. In 2023, they predict these tokens will rise to somewhere between $5.70 and $6.56.
Those who are predicting further ahead than that place a MANA token’s value at $3.98. This makes this token a relative rarity, as the one-year price hike seems to favor short-term investing versus buying and holding this token for the next five years. Other prediction sites list the five-year value of this token as considerably higher, however. Some put the 2027 number above $19.
Decentraland Price Prediction for 2028- 2033
If you’re looking at Decentraland tokens as a longer-term investment, you may want to hear about what they might be worth in 2028. Those who have studied the market trends see this crypto form at an average of $20.69 at the beginning of the year. At the end of that year, they put the number at $24.54.
If you want to move a little further ahead, crypto market predictors say you might expect to get about $12.91 for this token in 2031. If you follow this trend, you’d logically conclude that selling your MANA tokens in 2033 will bring back less than if you dropped them in 2027. You might consider Decentraland as more of a mid-range investment than a long-term one.
Is Investing in Decentraland a Good Idea Now?
Some experts regard Decentraland as a risky investment, the same as with most small altcoins. The potential profit for this one does seem to be immense as compared to some of its rivals, though. Most financial gurus who like this crypto asset point to the Decentraland platform potentially exploding in popularity as more individuals find out about the exploration and play potential. If you think as they do, you might want to get your hands on some MANA tokens without delay.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.