Mana is the native token of Decentraland. Before understanding Mana and its uses, let’s first understand what Decentraland is.
Decentraland is a 3D virtual world, Metaverse platform based on the Ethereum blockchain. Decentraland offers personalized activities such as digital land and art. Decentraland combines blockchain technology and virtual reality to incentivize users around the world to engage in a shared virtual environment.
Decentraland is an open source metaverse platform that once boasted of having 300,000 monthly active users.
However, with the cryptocurrency market losing its luster, the number of monthly users on Decentraland has dropped dramatically.
Decentraland is a one-of-a-kind platform that allows its users to trade cryptocurrencies, earn income, and play in a virtual world built by the users themselves.
Table of Contents:
What is Mana and what are its uses?
Mana is Decentraland’s native token that can be used for transactional purposes on the platform.
Users can generate money on the Decentraland platform by renting land, advertising, selling products, creating decentralized apps (dApps), and participating in play-to-earn (P2E) activities. All of this is powered by the platform’s MANA token.
In addition to this, MANA facilitates high-end transactions such as real estate acquisitions (LAND), governance and voting on real estate issues, and a consistent way to earn rewards on the Decentraland platform.
What is the Mana Price forecast for 2022 and beyond?
Considering the current market condition and also taking into account the declining market of Metaverse, the forecast of the 2022 mana price is not at all encouraging. Here’s the Mana Price forecast 2022 and beyond:
| Mana Price Prediction 2022 | $1.2 |
| Mana Price Prediction 2025 | $1.9 |
| Mana Price Prediction 2030 | $4 |
Mana Price Prediction $500 and $1000: What Are the Factors Affecting the Price of Mana?
- Decentraland Acceptance: One of the key factors that will influence Mana’s price will be acceptance of its metaverse platform, Decentraland. If more brands are associated with Decentraland, it will help increase the price of Mana.
- Limited supply: Unlike many cryptocurrencies, the supply of MANA is limited. Currently, the circulating supply of Mana stands at 1.86B. This means that MANA tokens will only decrease after each transaction.
- Government regulations: Government regulations around the world have been a key factor influencing the price of cryptocurrencies. If the regulations are tightened, the price goes down and if there is any favorable decision, the price skyrockets.
Mana Price Prediction $500: When will Mana reach $500?
| % annual growth | Number of years to reach $500 |
| 10% growth | 70 Years |
| 20% growth | 37 Years |
| 30% growth | 25.5 years |
| 40% growth | 19.5 years |
| 50% growth | 16.5 years |
Mana Price Prediction $1000: When will Mana reach $1000?
| % annual growth | Number of years to reach $500 |
| 20% growth | 41.5 years |
| 30% growth | 28 years |
| 40% growth | 22 Years |
| 50% growth | 19.5 years |
How and where to buy 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 cryptocurrency in the trading account or in your personal wallet (you need to open another account for this)
Where to buy Mana?
The main cryptocurrency exchanges for trading in Decentraland shares are currently Binance, BTCEX, Deepcoin, Bitrue, and BingX.
