Mana coin latest price predictions 2022-2026
What
Is Decentraland (MANA)?
Decentraland (MANA) defines itself as a virtual reality
platform powered by the Ethereum blockchain that allows users to create,
experience, and monetize content and applications.
In this virtual world, users purchase plots of land that
they can later navigate, build upon and monetize.
Decentraland was launched following a $24 million initial
coin offering (ICO) that was conducted in 2017. The virtual world launched its
closed beta in 2019 and opened to the public in February 2020. Since then,
users have created a wide range of experiences on their parcels of LAND,
including interactive games, sprawling 3D scenes and a variety of other
interactive experiences.
Decentraland uses two tokens: MANA and LAND. MANA is an
ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens.
MANA tokens can also be used to pay for a range of avatars, wearables, names,
and more on the Decentraland marketplace.
Who
Are the Founders of Decentraland?
Decentraland was co-founded by Ariel Meilich and Esteban
Ordano — both of whom have stepped down from major positions at the project,
but still work alongside Decentraland as advisors.
Ariel Meilich previously held the role of project lead at
Decentraland between 2017 and 2020, and is a serial entrepreneur that has
founded several other startups, including an online translation agency and a
CRM platform. He also worked as an analyst at Charles River Ventures, a
prominent Silicon Valley venture fund.
On the other hand, Esteban Ordano is Decentraland's former
tech lead and has a long and varied history in the cryptocurrency space working
as a software engineer at BitPay, Inc., an advisor to Matic network and briefly
operated his own smart contract development firm known as Smart Contract
Solutions.
Esteban is also credited with co-founding Zeppelin
Solutions, an established blockchain technology infrastructure company.
Although Ariel and Estaban are no longer leading the
project, the development of Decentraland is still ongoing, with efforts being
directed by the recently established Decentraland Foundation.
What
Makes Decentraland Unique?
Decentraland is built for content creators, businesses and
individuals that are looking for a new artistic medium, business opportunity,
or source of entertainment.
In total, the Decentraland gameworld — termed the
“Metaverse” — is divided into 90,601 individual parcels of LAND, each of which
is represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m
(256 square meters) and can be found at a particular coordinate in the
Metaverse.
Though LAND holders are free to develop their plot into
whatever they choose, much of the Metaverse is broadly divided into several
districts, each of which has a different size and theme. These districts were
generated through individual crowdsales for MANA tokens, and parcels of LAND in
these districts cannot be traded.
As of January 2021, the cyberpunk-themed Aetheria is the
largest district — comprising a total of 8,008 LAND.
Decentraland is also one of the growing number of projects
to use a decentralized autonomous organization (DAO) structure for governance
decisions. As a result, MANA toker holders are in control of how the
Decentraland world behaves, by proposing and voting on policy updates, the
specifics of upcoming LAND auctions and the types of content that are allowed
with the Metaverse.
Besides being a creative outlet, many Decentraland users
currently monetize their LAND through leasing, advertising and paid experiences.
Likewise, other users generate an income by creating and selling items on the
Decentraland marketplace for MANA tokens.
How
Many Decentraland (MANA) Coins Are There in Circulation?
As of January 2021, just north of 1.49 billion MANA tokens
were in circulation. This is equivalent to around 68% of the current total
supply of 2.19 billion MANA.
The original total supply was set at 2.8 billion MANA, but
has been reduced as more than 600 million MANA have been burned as a result of
LAND auctions.
There is also a range of further burn mechanisms in place to
further reduce the circulating supply of MANA, including a 2.5% MANA burn on
Decentraland marketplace transactions.
MANA was originally designed to inflate at 8 percent in the
first year, decreasing gradually over time to reduce the rate of inflation. But
inflation is currently disabled. As per the Decentraland glossary, there are no
plans to initiate this inflation "until necessary".
In total, 40% of the MANA supply was sold during the 2017
initial coin offering (ICO). In addition, 20% was reserved to incentivize the
community, 20% went to the development team and other early contributors, and
the remaining 20% was held by Decentraland. Project lead tokens are no longer
vested.
How
Is the Decentraland Network Secured?
MANA is an ERC-20 token. This means it is based on the
Ethereum blockchain.
Ethereum is secured by a massive decentralized network of
miners, which work together with thousands of nodes to ensure the Ethereum
blockchain—and hence the MANA tokens—is protected against attacks.
The MANA token currently benefits from excellent liquidity
and can be purchased, traded or sold on around 100 different exchange
platforms. As of January 2021, Binance, OKEx and Coinbase Pro are among the
most liquid exchanges for MANA tokens. A full list of available markets can be
found in the “Markets” section.
MANA can currently be traded against Bitcoin (BTC), Tether
(USDT), and Ethereum (ETH) — and can be purchased with a range of fiat
currencies, including KRW and USD.
Decentraland
(MANA) Price Prediction
As shown below in this MANA price forecast chart, in a
smaller time frame, MANA has shown a bullish uptrend. However, the price of
MANA has increased by 12.7% in the past 30 days. If there is a reversal, the
price of MANA could plummet to $3.1197 at support1 and even drop lower to
$0.3697 at support5, a bearish signal.
The Decentraland (MANA) is one of the most active crypto
this year in terms of technology development. Do you think this is enough to
make MANA a profitable token to invest in 2022? Let’s head to the chart in this
MANA price prediction to check it out.
If this bullish trend continues, MANA might be able to break
its $3.9860 resistance level. It could even go further beyond $10 before the
year ends and is likely to reach $5.2647 in 2022, a bullish signal if the
market continues to favor crypto.
However, if the market turns against the crypto, MANA could
experience a price decline, an event in favor of the bears. This bearish event
could trigger a price rollback below $3.1197 at support1 and could even fall
deeper to $0.3697 at support5. In this case, the crypto must find a way to
regain its composure and recover back to its bullish position. Otherwise, the
bears might turn the support level to the new resistance level, an event not
favorable to investors.
Decentraland
Price Prediction 2022
If this bullish trend continues, MANA will reach $5.2447 by
the end of 2022. Moreover, the first half of 2022 is going to show fast growth,
up to $3.98. Then this rise will slow down, but no major falls are expected.
With upcoming partnerships, and developments reaching $8 is quite optimistic in
the price point of view but undoubtedly feasible for the near future.
Decentraland
Price Prediction 2023
The price of MANA can move even great heights, however
reaching $30. Moreover, this is possible only if the market maintains its
bullish trend. In addition, only if the cryptocurrency MANA breaks past the
psychological resistance level.
Decentraland
Price Prediction 2024
As per the latest upgrades, developments, MANA price
prediction, and new project forecasts of the platform. Moreover, this might
boost the price of MANA in the crypto market, and it will be the best
investment as the price can spike and reach around $50.
Decentraland
Price Prediction 2025
In the next four years, MANA prices could race up to $100.
However, reaching this level could not be so difficult for MANA as additional
medium, short-term, and long-term price targets could be found to purchase or
sell orders. This indicates that MANA has a high possibility of reaching a new
ATH soon in the next five years as per the prediction.
Decentraland
Price Prediction 2026
With a Relative Strength Index (RSI) above 60 by the end of
2025, it is possible that MANA might reach $150 by the end of 2026.
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