Decentraland Price Prediction, News, and Analysis MANA

German sports apparel manufacturer Adidas announced its partnership with The Sandbox last month as it became the latest corporate entity to venture into the metaverse space. Also, in November, The Sandbox launched its Metaverse Alpha, an open multi-week Play-to-Earn event where players would have the opportunity to explore The Sandbox Metaverse. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

The year 2030 will be determined by the maximum MANA price of $$6.81. After the analysis of the prices of Decentraland in previous years, it is assumed that in 2024, the minimum price of Decentraland will be around $$0.61. The token’s price has surged by thousands of percentages since the start of the year and is now inf8 cryptocurrency one of the top 100 cryptocurrencies by market cap. SAND has benefited immensely from Facebook’s entry into the metaverse space, with its price up by more than 900% since the announcement. After years of analysis of the Decentraland price, crypto experts are ready to provide their MANA cost estimation for 2031.

SAND and MANA Rise by Thousands of Percentages

According to Hoffman, the metaverse space has been around for a while, stating that the internet is an early version of the metaverse. One of the biggest trends in the cryptocurrency market this year is the metaverse. The metaverse didn’t gain much attention earlier this year but burst into the scene in the second half of 2021 as investors took advantage of the change in dynamics. Indeed, since its launch in 2017, Decentraland has been one of the oldest and most robust blockchain metaverses out there. The relative strength index has dropped below the 50 mark and currently trades at 47.80 denoting that the price is in neutral territory facing the same pressure from bulls and bears. The bands of Bollinger have contracted suggesting low volatility in the market.

PwC Hong Kong intends to construct a Web 3.0 advisory hub in the metaverse, which will provide numerous professional services that include accounting and taxation. Heading into 2022, SAND is trading close to the $7 mark, outperforming numerous coins over the past 12 months. Crypto experts are constantly analyzing the fluctuations of Decentraland.

In November, Tokens.com, a Canadian investment firm that focuses on decentralized finance (DeFi), purchased virtual real estate on the Decentraland platform for roughly $2.5 million. The sale was one of the biggest in the history of the metaverse space. MANA and SAND have added thousands of percentages to their values since the start of the year, and they are now amongst the top 100 cryptocurrencies by market cap. Their adoption didn’t kick-off at the start of the year, but they grabbed attention towards the end of 2021.

What Does 2022 Hold for Metaverse Tokens?

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Decentraland is at 38.81, suggesting that MANA is currently neutral. Wallet Investor considers MANA to be a good long-term investment. The one-year potential is about +15%, and that’s quite stable. The source also tells us that Decentraland’s token has a bright bullish trend.

Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Decentraland. The world of Decentraland has thematic zones called “Districts.” For example, there are shops on Fashion Street and lecture halls in Decentraland University. Unfortunately, the land in such areas is no longer available for purchase.

Decentraland (MANA) Price Predictions: What’s Next for the Fast-Growing Metaverse Play?

1 Decentraland price is currently trading at $0.3914 with a gain of 0.57% during the intraday session. MANA price was in an uptrend since mid-July 2023, forming higher lows and hi… The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Decentraland over the last 50 days.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MANA closing price for the last 200 days. MANA is now trading above the SMA 200, signaling that the market is currently bullish. Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Decentraland is positioned in the market right now.

Decentraland Price Prediction 2028

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. Every year, cryptocurrency experts prepare forecasts for the price of Decentraland.

The circulation supply of Decentraland is $696,806,876.69, with a market cap of 1,893,095,371 MANA. The lack of recovery in the crypto market seems to be getting to the investors, especially the large wallet holders. Their behavior had already been displaying bearish tendencies; their recent moves reaffirmed this scenario. The adoption of metaverse projects is expected to grow further in the coming year.

From the start of the year, MANA was trading below the $1 mark, briefly climbing above that threshold in May. However, the coin rallied in October following Facebook’s announcement, rising to its all-time high above $5 within a few weeks. Over the past 52 weeks, MANA’s price is up by more than 4,000%, outperforming numerous coins in the process. Decentraland had a jaw-dropping 2021, but that doesn’t mean 2022 will be a vacation year. With gaming companies becoming more and more interested in the space, a lot of money is expected to flow into the space over the next 12 months.

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It is assumed that in 2026, the minimum MANA price might drop to $$1.32, while its maximum can reach $$1.57. According to the technical analysis of Decentraland prices expected in 2023, the minimum cost of Decentraland will be $$0.368. The maximum level that the MANA price can reach is $$0.419. MANA price was in an uptrend since mid-July 2023, forming higher lows and higher highs, due to positive sentiment in the crypto market. MANA’s technical indicators show that the coin is also performing well. The coin is trading above its 200-day moving average of $1.59, while the MACD line is around the neutral zone.

The market structure and price action of Decentraland is still bullish but the price has broken the upward channel and has retested the trendline. The possible move might be toward the downside, melting toward $0.33. If the price can rise above $0.42, then there is a possibility of a retest of the $0.4450 level but the current price action shows less chance of a bullish rally. If the price can break below $0.37, there is a possibility that it might melt down towards $0.33 causing a downfall of roughly 10.75%.

As soon as the price reached nearly $0.445, it faced strong rejection which halted the upward move. After the rejection, the price gained bullish momentum and broke the upward channel. Recently, the price entered into a downtrend forming lower lows. In a modern world full of decentralized technologies, MANA is a great cryptocurrency for investment. Depending on the GameFi popularity, the quotes can even triple. If this sector of the crypto world is safe and sound by the end of 2026, then investing in MANA may pay off.

• The possible move might be toward the downside, melting toward $0.33.
• The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold.
• According to the latest data gathered, the current price of Decentraland is $$0.37, and MANA is presently ranked No. 56 in the entire crypto ecosystem.

What’s more, Decentraland created the first ever metaverse music festival, headlined by electronic music producer Deadmau5. It even struck up deals with Sotheby’s and Samsung, which saw the two companies develop storefronts in the digital space. Most importantly, though, the MANA token saw a massive uptick. After beginning 2021 at just 8 cents per token, the crypto gained 7,300% to reach an all-time high of $5.90.