2021-10-13 11:08 |
In this guide, we will voice our own and market’s opinion on MANA future while discussing Decentraland price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Decentraland.
Now, let’s head into it. Before we delve deep into the Decentraland price prediction and answer questions if MANA is a good investment or not, why will MANA succeed or fail or why will Decentraland price rise or drop, let’s quickly throw a glance at what is MANA and its to date history.
What is Decentraland?Founded by Ari Meilich and Esteban Ordano, Decentraland was initially launched in 2015 as a simple, pixelated grid that allocated pixels to users through a proof-of-work algorithm.
By 2017, the Ethereum blockchain-based software project has evolved into a full-fledged 3D virtual project, allowing users to purchase, build, and sell virtual reality applications in a shared virtual ecosystem.
With the recent development, users can develop virtual real estate, monetise, and auction it for sale. They can also engage in other activities like playing games within the scope of the virtual world.
Decentraland is the first of its kind, as well as one of the few multi-purpose and multi-versatile metaverses built on the Ethereum blockchain. The platform not only integrates virtual apps but also NFTs.
MANA Drives Decentraland’s Virtual EconomyDecentraland’s currency is MANA, a native ERC-20 token with a limited supply. Every time some purchases an NFT (non-fungible token), the platform burns a percentage of its MANA supply. Non-fungible signifies something unique. For example, an artwork is non-fungible, while currency, such as Ether or MANA, is fungible.
MANA Price Prediction For The Next 90 DaysThe whole crypto market is currently on the verge of a real bull run.
There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.
Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run.
As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.
Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.
CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.
Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will MANA develop in the short-term (for the next 90 days), according to our prediction model:
Quick reminder for crypto newcomers
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to …
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.
Below are our recommendations:
Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).
Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.
Tax Tool: Koinly, Cointracking or ZenLedger.
Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.
Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
Our prediction model sees MANA reaching new highs in 2025:
$ 3.70MANA price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
Celsius Network Price Prediction | CEL Price ForecastSecret Network Price Prediction | SCRT Price ForecastNexo Token Price Prediction | NEXO Price ForecastMdex Token Price Prediction – MDX Price ForecastRen Price Prediction | REN Price ForecastSerum Price Prediction | SRM Price ForecastPerpetual Protocol Price Prediction | PERP Price ForecastMina Protocol Price Prediction | MINA Price ForecastdYdX Price Prediction | DYDX Price ForecastBitcoin Gold Price Prediction | BTG Price ForecastCurve DAO Token Price Prediction | CRV Price ForecastThe post Decentraland Price Prediction 2022 – 2025 – 2030 | MANA Price Forecast appeared first on CaptainAltcoin.
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