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Decentraland Price Prediction for 2022

Decentraland Price

January 11, 2022 | 

4193 Views | 

Jesus Guzman | 

Get Into Cryptocurrency Trading Today

Decentraland is a new digital marketing platform that allows you to purchase properties using MANA coins. The article provides detailed information on the digital platform and its price prediction in 2022.

Increased internet coverage has made human socialization and interaction behaviour virtual, and social media is the main contributor to this factor.

Several people have transferred their social and business life to their internet devices. When buying land, fiat currency is the most common mode of payment used. However, the use of Decentraland is an entirely new idea.

According to the Ethereum Blockchain, which has an entire ownership record, the creation of the Decentraland-platform attaches a new invention over the virtual land. Users can now buy, build and financially convert virtual applications using the platform.

This platform has a better advantage in managing the environment and systems created using their land.

What is the Definition of Decentraland?

It is a new virtual reality platform that uses blockchain technology. It has similar characteristics to the virtual world as simulated in most modern movies, although it exists in reality.

The digital platform was formed in 2016 by an Argentinean group comprising Esteban Ordano, Ariel Meilich, and the Chief Executive Officer, James Ashton.

Decentraland owners can utilize MANA coin, a virtual token, to complete transactions in the marketplace. The holders can buy virtual land using non-fungible tokens that could be used to verify in the cryptocurrency world.

All transactions conducted in this platform require the use of Mana coins. This coin plays a significant role in powering the network. Like the NFT, Decentraland and Mana are growing, and people can purchase MANA crypt to allow them to interact with decentral games.

The MANA Crypt Definition

MANA is the leading cryptocurrency used by Decentraland users. During the launch of the MANA coin, it met its objective within the first hour after its release with a MANA price of €22 million.

Currently, Mana crypt is used in the digital platform to trade customizable units such as masks, clothes, and customized names found in the marketplace.

Decentraland-History and Technical Analysis

Decentraland price technical analysis is pessimistic since most of its potential has been exhausted within 24 hours. According to the latest news by the crypto experts, the MANA coin did not exhibit any movement and remained sluggish, giving users no hope.

During the platform's launch in December 2017, the estimated Decentraland price was $0.024. Later in 2018, it rose and reached the $0.24 mark. However, it still faced a lot of rejection and only got past support.

The platform's value never saw any massive drift and maintained a similar MANA price until the beginning of 2022. The MANA coin exhibited an enormous shift that tremendously increased value compared to other cryptocurrencies.

This period was regarded as the boom time for the Mana Crypt. In December 2020, the assets moved up, and the value rose to $0.80. The upward trend continued until April 2021, when the MANA price rose recorded a new high of $1.56.

Immediately after reaching the new high, the MANA price started recording a downward trend, falling to $0.65.

Later in October, the platform's price saw a sharp growth that raised more than $3.5. In November 2021, the platform recorded a new high of $5.90, after which it faced some correction and moved back to $3.

Digital currencies are becoming popular in the business world today. However, they are more volatile, which creates a considerable risk of investing in crypto during unstable seasons. The best thing is traders should research carefully before investing to minimize the risk.

The Decentraland Price Predictions

According to the technical analysis, the Decentraland price has had a fair share of historical voyage compared to other digital assets. This could also be the main reason for its growing popularity. Currently, the platform's price falls at $3.14 and has a market cap of $5,689,383,826.63. The trading volume every 24 hours falls at $2,272,486,412.57, and the total amount of MANA coins circulating is 1,824,534,335.

The Decentraland Price Prediction 2022

Since no significant or sudden jolts are observable within the cryptocurrency market, MANA crypt is predicted to sustain a stronger position in attracting several traders and investors.

Concerning the MANA forecast and market capture, the future is full of positivity should the investors' confidence keep rising, which will cause an increase in the price.

According to our MANA forecast for 2022, the Decentraland price is likely to hit $4.8 in the market. Therefore, users should invest using the current crypto price to make profits in the future.

Investing in the current price will allow users to gain a considerable amount of money and decide whether to invest or sell on the platform.

Other market analysts estimate that the MANA price will likely hit $5.1 by 2022. The price is likely to go up to $5.8 by the end of the year. Several market experts estimate that MANA will trade at $8 by the end of 2022, an average of 300% of the current MANA price.

The MANA coin price is likely to reduce, although no significant predictions on the drops have been made. The value is likely to reach $15 in the coming years with the upcoming partnerships.

According to different analysts, the platform has the potential to hit $100. If it hits this target, its market cap will stand at $170 billion, which is more reasonable since it is less valuable than Ethereum and other cryptocurrencies.

However, the platform may face more challenges trying to achieve the $100 mark due to the ample supply. It currently has more than 1.7 billion tokens in circulation, which causes the prices to lower. Therefore, the market capitalization should reach $170 billion to attain a market price of $100.

What causes MANA Coin Price to go up?

The main reasons why Decentraland price is likely to rise are:

  • It has better marketing strategies and financial services
  • It attracts more purchasers worldwide
  • It allows consumers to make purchases digitally

Due to these reasons, the platform has risen and improved its environment and value.

How to Buy Land on Decentraland

Below are the main steps on purchasing a piece of land on the platform:

  • Create an account on the Decentraland-marketplace and sign in
  • Go to 'parcels and Estates' then click view all
  • Select your preferred piece of land
  • Click on buy to begin the purchase process
  • Connect your account to your wallet
  • Confirm your purchase

Is it worth investing in MANA Coin?

MANA is one of the most active cryptocurrencies in the digital market. In addition, it is a highly known crypto that could be used to generate NFTs. MANA forecast estimates that the Decentraland price may reach $100 if it attracts a significant metaverse value creation.

The MANA price shift has been significant through the years because of the growing fame of online gaming. This year alone, MANA has recorded a fair price and may exceed $3.7 and hit $5.8. However, growth in the future depends on various factors such as announcements, legal positions projects, technological solutions, and the general crypto environment.

The platform is among the best investment opportunities to consider as a rising digital asset. It provides investors with certainty that they will benefit from the virtual platform through learning and gathering real experiences.

Invest in Decentraland Today

The digital platform provides the best way to invest since it does not involve intermediaries. All assets purchased, such as roads and plazas, are recorded in the Ethereum blockchain using ERC-721 protocols and transferability.

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