According to our MANA price prediction $100, MANA struggles to come out of its current bearish consolidation, and it may soon make a bullish reversal if it breaks above its immediate resistance level.
MANA coin is one of the most hyped cryptocurrencies as it has been dominant during the crypto winter, which kicked off in May 2022. Moreover, the Decentraland platform has been established to attach an all-new control over the virtual land of users who can purchase, build and monetize virtual reality applications through Decentraland. As a result, MANA has increased in value, which some people find the most unexpected. Since its advent in 2019, MANA has given a 100% return on investors’ investments due to the significant demand for Metaverse tokens.
However, the current crypto bearish trend, which was ignited by FTX’s collapse, has wiped out billions of dollars from the crypto market, forcing whale holders to liquidate their holdings to avoid any uncertain price fluctuation, and MANA is no exception. Nevertheless, amid the current market turmoil, several crypto analysts are bullish on MANA coin as it has a robust fundamental that can provide excellent economic structure to the crypto space. To make a stable profit during the current bearish mud, our MANA price prediction $100 aims to bring its project analysis and expected future prices with an in-depth technical analysis of the current trend to make the best strategic plan for investing in this coin.
MANA: Ushering Into Web3
Today, the crypto market is continuously evolving and adding innovative functions to blockchain technology. We know about buying land with fiat currency, but one can purchase virtual land using digital assets in the crypto world. Decentraland is one of them to bring the novel concept to crypto space.
Decentraland is a virtual world that works on blockchain technology, offering users fresh control over the virtual land, which can be purchased, built, and monetized using virtual reality applications on Decentraland. Users of Decentraland have the power to customize the environment and applications they build within their land. The official social media account of Decentraland always keeps its users updated with the latest announcements and upcoming events. The transactions made on the virtual platform get stored in the blockchain network, and hence the information on Decentraland is end-to-end encrypted and safe. Let’s check out MANA coin’s current details to clarify our MANA price prediction $100 better.
| Cryptocurrency | Decentraland |
| Ticker Symbol | MANA |
| Price | $0.4 |
| Price Change 24 hours | +2.35% |
| Market cap | $741,520,892 |
| Circulating Supply | 1,855,084,192 MANA |
| Trading Volume | $44,842,908 |
| All time high | $5.90 |
| All time low | $0.007883 |
| Decentraland ROI | +1449.15% |
Decentraland (MANA): Features And Tokenomics
MANA is the native and governance token of Decentraland that is built on the Ethereum blockchain, allowing users to make purchases from the Decentraland marketplace. Users can use MANA coin to buy virtual or digital land in the form of a non-fungible token (NFT) that can verify the ownership of the user.
The whitepaper of MANA states, “Decentraland is a distributed platform for a shared virtual world that enables developers to build and monetize applications on top of it. The scarcity of land, on top of which applications can be built, creates hubs that capture user attention, which drives revenue to content creators. MANA token will be used to purchase land, goods, and services in-world. MANA tokens will also be used to incentivize content creation and user adoption, therefore bootstrapping the first decentralized virtual world.”
In 2017, Decentraland was established with an ICO of $24 million. The MANA ERC-20 token should be burned to obtain non-fungible ERC-721 LAND tokens. On the Decentraland marketplace, MANA tokens can also be used to buy a wide range of avatars, wearables, names, and many other items.
MANA has seen some incredible and potential partnerships throughout its journey. In 2021, MANA partnered with NBA champion Stephen Curry. This year has been excellent for MANA as it partnered with Netflix to create ‘The Gray Man’ experience. MANA also partnered with Oneplus to bring virtual reality to a whole new level.
Virtual Reality is still in its developing phase, and it sounds exciting to think about its future potential and craze among users if it follows blockchain technology closely. The foundation and developing team behind MANA are very competent and experienced, showing a clear interest in evolving decentralized environments, which is undoubtedly an essential point in progressing MANA’s development. MANA and Decentraland are pioneers and trailblazers in bringing the virtual experience to the crypto sphere, contributing a significant meaning to the industry. It is expected that MANA’s partnerships and growth will push its prices to the North, which can be an excellent indication for our MANA price prediction $100.
MANA Price Prediction $100: Price History
Before heading towards our MANA price prediction $100, it is essential for investors to know about its price history to get an idea of its future potential. Since its launch in 2019, the token has experienced a tremendous journey, generating significant return on investment (ROI) for investors. However, it is to be noted that MANA’s price history is not an indicator of our MANA price prediction $100.
MANA coin has gathered the attention of investors since its inception. It has given a return of over 4300% in the past year. At the time of launch, MANA was trading near $0.024. However, it surged in this price range but faced rejection. MANA coins did not show much price action and traded in that price range.
The bull run of the MANA coin started in 2020. MANA kicked off its bull run in December with a price of $0.8 and continued its bullish momentum till April 2021, when its price touched a high of $1.56. However, its price quickly dropped below $0.65 on 30 June as it failed to hold its upward momentum. Later, the MANA coin again made a spike in its price and traded for over $3.5 in October 2021.
This time MANA continued its bull run and made an all-time high at $5.9. After hitting its ATH, the MANA coin made a correction and plunged below the $2 mark. This year MANA has brought bearish woes for investors as the pandemic hit the market, and the recent crypto winter has led MANA coin from $4 to the bottom line in the price graph. MANA plunged hard from $1 in August to a low of $0.35 as the token got severely affected by massive liquidation from whale investors borne by FTX’s demise. MANA coin is currently listed on popular crypto exchanges like Binance, and Huobi, from where you can buy and add it to your crypto portfolio.
MANA Price Prediction $100: Technical Analysis
The project analysis of the MANA coin is outstanding, and it can soon end the tears and tantrums of the current bearish trend with an aim for an astronomical height in the future. However, the collapse of FTX has built a black eye in the crypto market, wiping billions of dollars from the industry and creating a FUD situation to force whale investors to liquidate massive positions. Hence, our MANA price prediction $100 aims to bring you an in-depth technical analysis using advanced indicators to identify the current market trend and decide your investment option.
According to CoinMarketCap, Decentraland (MANA) currently trades at $0.4 with an uptrend of 3.5%. Our MANA technical analysis reveals that this digital asset may soon skyrocket to new highs after a short-term bearish trend. Looking at the daily price chart, MANA’s price struggles to trade above $0.45 as it continuously faces rejection near its immediate resistance level of $0.42. The EMA-20 trend line has changed its trajectory to a bearish region as it dropped to $0.45, and MANA is looking for a way to overcome its bearish consolidation of $0.37-$0.4. MANA coin has witnessed a significant liquidation phase in the dip of $0.97 as the FTX’s collapse has brought an extreme fear zone to its long-term holders. However, following the adoption of the MANA coin and better-than-expected CPI numbers have pushed the Balance of Power (BoP) indicator to trade in a favorable region of 0.6, which may force the asset to test its immediate resistance at $0.42.
Moreover, the RSI-14 indicator trades in a slightly bullish region at the level of 34, which may push MANA to the North if it makes a bullish comeback after testing its resistance at $0.4190. Moreover, the MACD line is trading parallelly with the SMA-14 as both trade in a consolidated range without dropping further below the signal line, hinting at the control of buyers. If MANA breaks above its 23.6% Fib retracement, it may ignite a clear uptrend to its Bollinger band’s upper limit of $0.53, above which it may trade near its strong resistance at the EMA-100 trend line of $0.66. Conversely, a further drop is expected if MANA falls below $0.35, which may trigger a sharp downfall for MANA cryptocurrency to its Bollinger band’s lower limit of $0.25. If MANA coin fails to hold its price above $0.2, it may continue its bearish bloodbath further and trade near $0.18.
MANA Price Prediction $100 By BlockchainReporter
MANA Price Prediction 2022
According to our MANA price prediction $100 for 2022, Decentraland is predicted to attain a maximum value of $0.45 with an average trading price of $0.43. However, our technical analysis reveals that MANA can go as low as $0.41.
MANA Price Prediction 2023
Our MANA price prediction for 2023 expects a maximum trading price of $0.72, with an average trading price of almost $0.61. MANA might retrace downward with a minimum price of $0.59 by the end of 2023.
MANA Price Prediction 2024
Decentraland boasts of developing robust and overwhelming fundamentals for the crypto community. Our MANA price prediction for 2024 predicts that the coin will continue its bullish momentum, and MANA will likely achieve a maximum price level of $1.03. After that, MANA might record a low of $0.84, with an average trading price of $0.87.
MANA Price Prediction 2025
Our MANA price prediction for 2025 anticipates a minimum value of $1.23 and a maximum value of $1.44. In addition, our MANA price forecast for 2025 predicts an average trading price of $1.27
MANA Price Prediction 2026
MANA may witness an exponential rise in 2026 and bring an astronomical return on investment to its long-term holders. Our MANA price prediction $100 for 2026 expects a maximum price of $2.17 with an average trading price of $1.85. MANA may trade at a minimum value of $1.78.
MANA Price Prediction 2027
The crypto market may soon break through all of its hurdles and eliminate its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our MANA price prediction for 2027 suggests that Decentraland may reach a maximum trading price of $3.12. Decentraland may trade at an average price of $2.68 with a minimum value of $2.59.
MANA Price Prediction 2028
Our MANA price prediction for 2028 states that Decentraland may touch a maximum price of $4.52 and an average trading price of $3.90. The minimum Decentraland cryptocurrency value is predicted to hit $3.76.
MANA Price Prediction 2029
In the upcoming years, MANA may gather powerful partnerships due to its user-friendly environment and can push its price to the North. Our MANA price prediction for 2029 expects a maximum price for this coin to be $6.61 and a minimum price of $5.52. MANA may reach an average value of $5.72.
MANA Price Prediction 2030
Depending upon the future market sentiments and feedback from the community, MANA can see a maximum price level of $9.65 with an average trading price of $8.15. However, the MANA coin is projected to hit a minimum value of $7.92 by the end of 2030.
MANA Price Prediction $100: Experts’ Opinions
According to Wallet Investor’s MANA price prediction, it may touch a price level of $5.3. MANA represents a climb of 86% this year. However, the current sentiment surrounding the MANA crypto has been highly bearish in the past. MANA is expected to give 450% ROI by five years to Decentraland investors.
Long Forecast’s MANA price prediction says that the coin might grow threefold in the next five years. It should have a clear bull run around $8 to $9, making it a long-term good investment option. The average price is expected to reach approximately $6 by next year.
Is MANA A Good Investment? When Should You Buy?
MANA is an excellent investment option for investors as it aims to bring virtual reality across the world. MANA coin’s long-term prediction seems profitable as it can offer an ROI of 370% with a five-year investment. Our MANA price prediction indicates a great buying opportunity at $0.35 for a stable return in the next few years.
Conclusion
The uptrend of the Metaverse and virtual reality indicates that Decentraland will gain a top position in the market in the upcoming months. Our MANA price prediction $100 shows the tremendous future potential for the asset, and it can be profitable in the long term. The ecosystem of Decentraland is backed by a solid framework that will lead MANA coin to overwhelming success. However, it is advised to be cautious while investing in the crypto market as the market volatility can take your investment either upside or downside.
