Mana is a good investment: Yes, Mana
is a good investment, but it may not be the right time to buy Mana
Mana Coin Price Prediction 2030: Decentraland Mana The price is expected to be $16.65 in 2030. The forecast is based on the aggregate of forecasts from multiple platforms.
Mana Performance this year
- From January to March:(-20.9%)
- From April to June:(-58.5%)
- From July to September: (-16.9%)
April to June was horrible for Mana due to two main reasons: a.
The Federal Reserve began to reduce the size of its balance sheet and also raised interest rates, b. The collapse of LUNA has brought the entire cryptocurrency market lower.
However, Decentraland itself seems to have stabilized over the past 3 months with steady website traffic. However, player engagement is unlikely to increase unless the price of Mana itself starts to rise.
Table of Contents:
Is Mana a good investment? Understanding Decentraland and the Metaverse
Mana is a native token of Decentraland. Decentraland is a Metaverse where players can buy and sell land, wearables, NFTS and other digital assets. Decentraland offers a wide range of experiences to players.
What is a Metaverse? It’s a digital space that can offer an experience that can expand our boundaries of what we can do with our lives. Some are envisioning an artificial digital replacement of the real world, while others have integrated cryptocurrencies into existing games and call them Metaverses.
See photos below.
Here is a picture of the Decentraland Marketplace where Mana can be spent and earned.
One of the key features of decentraland is that players can sell and buy virtual land just like we do in reality. Many of these lands can also be properly customized. These charts are properly represented with the help of resources such as NFTs or non-fungible tokens. Many of these goods tend to increase in price (like real land) and therefore also contribute to the increase in the value of Mana.
Example: Metaverse Group is a company that buys digital assets and bought some pieces of land and connected them properly to each other. This led to the formation of a piece worth $2.4 million in total. This represented the largest sale that ever took place in the history of Decentraland’s virtual land sales. This particular sale we are talking about took place in the Fashion Street Estate of Decentraland. With the help of the digital space, Metaverse plans to tackle some high-end fashion shows by collaborating with brands in the real world.
Decentraland in a sense functions like a national economy and the better the performance of the economy, the stronger the token used in that economy. In this case, Mana Coin.
The success of Decentraland therefore Mana depends entirely on two main factors
- Can Decentraland provide a user experience that ensures customer loyalty and repeated use?
- Can Decentraland offer better experiences than competitors?
Social media sentiments suggest that Decentraland is delivering high levels of satisfaction (+46% Net Sentiment Score). However, interest levels have declined over the past 12 months in line with the decline in the price of Mana. Therefore, the levels of interest in Decentraland are driven by Mana and not vice versa.
Decentralized NFT statistics show very thin volumes of around $60k per day. Mana’s market cap at $1.32 billion looks pretty steep.
Is Mana Coin a good investment? Performance 2021
Decentraland Mana was a good investment in 2021. The price of the Decentraland cryptocurrency peaked at around $5.48 in November 2021, specifically on November 24. However, the metaverse token has stalled since it reached an all-time high in November. News of Samsung’s tie up with Decentraland over their Metaverse project led Mana to gain its commercial value. But the gain was limited.
In the short term, adoption rates and low sales volume suggest that it is not a good currency to invest in.
When compared to Solana (who has an NFT focus), Mana seems to be in trouble for the past 3 months. Solana herself is a latecomer artist.
Is Decentraland (Mana) a good investment?
In the long run, it is reasonable to be bullish on Metaverse, Decentraland and then Mana. To be successful, Decentraland should be able to build significantly higher brand awareness (Track Google search data and search for a move higher), and AR/VR technology from companies like Apple (Due next year) should be of high quality and improve user experience (This will help Decentraland) and user statistics such as NFT sales show a significant jump and continue. to rise.
We believe that while it may be a risk worth taking, Mana should be a smaller part of the portfolio, given the “creative” nature of the business and therefore the risk and volatility are high.
MANA Coin Price Prediction 2023: Experts’ Prediction
Even in 2023, the price of Mana is expected to remain well below its all-time high. However, the current price forecast is based on current market conditions. If market conditions improve, there are chances that the price of Mana will increase in the coming years. However, as of now the expected price of Mana for the end of 2023 is $1.85.
| Max | |
| Average MANA Price Prediction 2023 | $1.59 |
MANA Price Prediction 2025
In 2025, even if market conditions remain the same, there are chances that the price of Mana will increase three times compared to the current one. Although even in 2025, the price of Mana is expected to remain below its all-time high, but the price of Mana is expected to see an improvement in 2025. The average expected price of Mana in 2025 is $3.96.
| Max | |
| Average MANA Price Prediction 2025 | $3.12 |
Mana Coin Price Prediction 2030
The cryptocurrency market has
not been stable over the past year, the volatility rate has been very high, and most world events, even non-crypto events, have largely influenced the cryptocurrency market. Mana is a play-to-earn metaverted coin and with native coins losing value, the play-to-earn industry has seen a large-scale decline in the number of monthly visitors. Therefore it will be very difficult to make a long-term forecast for Mana or any other cryptocurrency.
But considering forecasts from multiple platforms, we arrived at an aggregate Mana Coin Price Prediction 2030. For 2030, the price of Decentraland Mana is expected to be $16.65.
How to invest in Mana?
Here are some steps on how to buy Decentraland Mana tokens:
- The first step is to create an account with any of the exchanges. Exchanges could be Coinbase, Binance, FTX, Crypto.com, Kraken, etc.
- To create an account, you will need basic documentation that guarantees KYC so that these exchanges are not used for money laundering.
- Each of these exchanges has various features and transaction fees. So evaluate them carefully.
- Once you’ve created your account, the next step is to link your bank account or a payment account with the exchange.
- Once you have linked a payment method (bank account, debit or credit card, bank transfer), the next step is to fund the account
- Once the fund is added, start trading by selecting the Mana trading symbol and then enter the amount
- You can store your cryptocurrencies in the trading account or in your personal wallet (you need to open another account for this)
How to invest in Decentraland?
- Investments and purchases in Decentraland take place at the Decentraland Market Place
- To buy something on Decentraland, you need to connect your Metamask, Fortmatic, WalletConnect or Coinbase Wallet.
- Payment can be made via Ether or Matic
