In this guide, we will express our and the market’s opinion on the future of MANA as we discuss Decentraland’s price forecasts for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt as predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Decentraland.
Now, let’s get into it.
Before we delve into Decentraland’s price prediction and answer questions about whether MANA is a good investment or not, why MANA will succeed or fail, or why the price of Decentraland will rise or fall, let’s quickly take a look at what MANA is and its history to date.
What Is Decentraland?
Founded by Ari Meilich and Esteban Ordano, Decentraland was initially launched in 2015 as a simple pixelated grid that assigned pixels to users through a proof-of-work algorithm.
By 2017, Ethereum’s blockchain-based software project evolved into a full-fledged 3D virtual project, allowing users to buy, build, and sell virtual reality applications in a shared virtual ecosystem.
With recent development, users can develop virtual real estate, monetize it and auction it for sale. They can also engage in other activities such as playing within the virtual world.
Decentraland is the first of its kind, as well as one of the few multi-purpose, multi-versatile metaverses built on the Ethereum blockchain. The platform integrates not only virtual apps but also NFT.
MANA drives Decentraland’s virtual economy
The currency of Decentraland is MANA, a native ERC-20 token with a limited supply. Every time some buy an NFT (non-fungible token), the platform burns a percentage of its supply of MANA. Non-fungible means something unique. For example, a work of art is not fungible, while currency, such as Ether or MANA, is fungible.
MANA Price Prediction for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Decentraland Price Prediction 2023
Our forecast model calls for a temporary shift to a bear market in early 2023 before moving to another lead in Q3 and Q4 of 2023.
MANA Price Prediction 2025 – 2030 – 2040
Our forecasting model sees MANA reaching new highs in 2025:
The MANA price in 2030 and 2040 is expected to be a couple of orders of magnitude higher than our 2025 forecast.