This article aims to answer the question, “Is MANA a Good Investment?” with a simple equation: the price of MANA could rise to $1000 within eight years. In fact, if the company’s business model is working, it could even reach $5.598 by 2025. But, before investing in MANA, consider these facts. The company’s future is bright.
MANA Price Could Reach $1000 In The Next Eight Years
virtual reality is one of the most exciting developments in the crypto world and a hot gaming topic these days. The popularity of virtual reality games has grown immensely thanks to the invention of headsets like Oculus Rift, which is where MANA comes from. VR games like Decentraland will require the users to use MANA tokens to purchase items. If these games become popular, the price of MANA could rise significantly, as the demand for MANA tokens will be far greater than the supply.
There are many reasons to believe that the MANA price will rise rapidly over the next eight years. The first of these is that Decentraland is actively engaged in community initiatives and is optimistic about the token’s potential to grow. In addition, the Decentraland team is committed to expanding the platform through innovation, education, and outreach. According to one cryptocurrency analyst, the MANA price could rise to $1.11 in 2022.
Crypto experts have analyzed the MANA price fluctuation in the past and have predicted that MANA will be valued at a minimum of $0.86 in 2022, while it will reach a maximum of $1.00 in 2025. The minimum and maximum rates might be $0.74 and $0.85, respectively. It is possible that the MANA price will fluctuate between these two levels, so it is important to invest early.
Another reason why MANA price may rise is the potential for in-game purchases. In-game assets can be extremely expensive – a single Blockee land parcel costs $3000. But the benefits of using MANA outweigh these costs. Moreover, users retain ownership of their digital assets, which can be converted to other cryptocurrencies. There are even ways to sell MANA for cash!
Decentraland (MANA) is another potential cause for the MANA price to skyrocket. The platform is based on Ethereum and users can build applications, explore other users’ worlds, and trade for profits. The MANA token, as the name suggests, is the key to the assured speed of the platform. By combining these factors, the platform has a scientific algorithm for speed and safety. Once the masses trust it, the MANA price will rise, too.
MANA’s Business Model
Facebook rebranded as “Decentraland” to shift its focus away from the internet to the “metaverse,” a shared virtual environment in which multiple users interact with digital objects. One example is Mana, a native digital token of the Decentraland metaverse platform. The metaverse allows people to buy and sell virtual properties, with ownership purchased through nonfungible tokens. The platform runs on the Ethereum blockchain network, which is behind the ether digital currency.
Last year, the MANA token was priced at $0.02, and reached a peak of $0.26. The price of the token subsequently fell sharply, and in January 2018 it traded between $0.08 and $0.09. By the end of 2020, it consolidated around the $1.00 mark and surpassed the $2.00 mark, making it a great short opportunity. If Mana’s price drops to $0.75, it will probably return to $0.60 or $0.75.
In early June, Decentraland built a token bridge with Polygon, enabling cheaper MANA transfers. The demand for NFTs soared. In fact, one virtual plot of land sold for $913,00. Sotheby’s, a 277-year-old British auction house, created NFTs on the virtual platform. In mid-October, the game hosted a four-day festival featuring eighty real-world artists and more than 10,000 virtual attendees.
On Blockchain Technology
Decentraland uses blockchain-based technology to track ownership of parcels of virtual LAND. Each unit is 33 feet wide by 33 feet long. Users need to hold MANA tokens in their Ethereum wallets. Building a house or estate on a virtual parcel of LAND MANA can also be used to purchase wearable items or choose an avatar name. The Decentraland platform has a wide range of uses.
Despite these issues, MANA’s business model is in the proper direction. Decentraland has a clear roadmap to launch the first real virtual reality game, and it is a good place to start building a crypto-app economy. And if you have an idea for a virtual economy, MANA may be the perfect fit. In fact, it is the only one with a unified system of governance, which means that it can help make the digital world a more open and democratic place to live and work.
Read More: A popular expert predicted an increase in the rate of altcoins
MANA’s Price Could Rise To $5.598 By End Of 2022
Is MANA a safe investment now? Considering its rapid growth, I’d say so. The cryptocurrency is set for an impressive rise, and my target price for it is $5.598 by the end of 2022. However, the price prediction is not a sure thing. I think the price could go even higher than that, possibly hitting $28 in the next few years.
The current price of MANA is well below the all-time high of $2.17. However, this is likely to change soon. The 100-MA is above the 200-MA, indicating a long-term bullish run. On the other hand, the 200-MA is above the 100-MA, signalling that the MANA price is likely to grow even higher. If the current trend continues, the price could drop to $1 in 2022. However, if MANA breaks the psychological barriers, it could surge up to $5.598 by the end of 2022.
A large number of technology companies have made big investments in the virtual reality industry. Microsoft is a good example. This company recently rolled out Mesh for Microsoft Teams, which allows people to engage in collaborative holographic experiences. While this could lead to an increased MANA price in the future, it would be an excellent first investment for a newcomer to the crypto market.
The main reason why MANA is the most active cryptocurrency in recent years is its use in the Decentraland P2P network. The platform uses a decentralized autonomous organization structure wherein MANA toker holders can vote on content, policy updates, and more. The Decentraland platform has been developed by Argentines, who designed the system in 2015. The game allows players to create scenes and trade digital assets.
MANA Trading Cost
The initial coin offering of Decentraland raised nearly EUR22 million in one hour, and the project’s MANA token was the most popular choice among investors. MANA can be used to purchase and sell virtual goods in the marketplace, and the Non Fungible Tokens (NFT) serve as proof of ownership for digital land. Ultimately, MANA is poised to become one of the top virtual reality currencies in the future, and its growth potential is considerable.
The price of MANA is set to skyrocket to the $1000 level by the end of the next eight years. The crypto market is highly volatile and predictions are subject to errors. Before investing, you must consider the fundamentals, the token, and any partnership deals it is involved in. You must also have tolerance. It is unlikely that MANA will reach its target price of $1000 anytime soon, but the chances are high.
MANA-Long Term
While there is no solid forecast for the price of MANA in the long-term, the current price of the digital currency has room to climb even higher. If the Decentraland project manages to capture substantial Metaverse value, its price could soar to $100. But while MANA’s price remains volatile, it is likely to reach new heights in 2021. This year, the price of MANA may exceed $3.08, which could make it one of the top 10 most popular cryptocurrencies in the future. However, tpspsychologicalrriersneed to be overcome before MANA can rise above $5.08 in 2021.
Despite its low trading cost, MANA is widely available on several prominent exchanges, and the cheapest way to buy the MANA token is through Gemini. Coinbase Pro is another popular platform where you can buy MANA using USDC. You can also purchase MANA with KRW or USD. It is one of the most popular cryptocurrencies in recent years. If you plan to invest in the MANA token, make sure to have the money to cover all the costs and risks.
Lastly, it is important to remember that Decentraland is not a bubble and it may drop to $0.86 in 2022. However, if Decentraland’s price is properly forecasted, the MANA rate could reach up to $12.5 in 2026. As a result, the MANA price could fall to as low as $0.87 in 2022. If the MANA rate drops to $0.94 in 2022, it could climb to a maximum of $1.90 by January 2025.
