Connect with us

Coinpedia

Decentraland Price Prediction 2021: Can MANA Price Reach $1?

In this article, we will discuss in-depth the Decentraland price prediction for 2021 and beyond. Whether MANA Price will crash or Rise?

Published

on

In the prominent crypto world, there are plenty of projects and startups getting established. Decentraland (MANA) is one of the efficient virtual reality platforms powered by the Ethereum blockchain. The users can build, purchase and monetize virtual reality applications.

Does any of the cryptocurrencies allow users to develop their own platforms?

Yes, Decentraland is one of the platforms that offers its users to develop. In this article, we will discuss in-depth the Decentraland price prediction for 2021 and beyond. In the end, you will have a clear outlook on whether MANA Price will crash or Rise?

Overview CryptocurrencyDecentraland TokenMANAPrice$ 0.2511Market cap$ 334,007,313.0000Circulating Supply$ 1,327,372,145.9865Trading Volume $ 105,214,416.0000All Time High$ 0.2746 February 7, 2021All Time Low$ 0.0092 October 31, 2017 What is Decentraland (MANA)?

Decentraland is the virtual reality platform that runs on the Ethereum blockchain. It enables its users to purchase land which can be later built and monetized. It is called the first virtual platform which is completely owned and managed by the users. The protocol has three layers namely Consensus layer, Land Content layer and Real-time layer.

It was found by Ariel Meilich and Esteban ordano.

MANA is decentraland’s crypto token which runs on the Ethereum blockchain that can be used to purchase plots of LAND and pay for in world goods and services.

MANA Technical Analysis 2017

Decentraland’s token MANA made its existence in the crypto market on 17 September 2017 with a price of $0.026 according to Coinmarketcap. The token started to fluctuate within a few days and declined to as low as $0.009 by the end of October. Later, the price steadily started to recover and hit $0.13 by mid December and further plunged to $0.096 at the end of December to finish the 2017’s trade.

2018

The token continued to trade at a price of $0.10 during the start of January. The price dramatically surged to $0.27 and further plunged to $0.10 by mid January. Shockingly, the token declined to $0.08 by early February and reached its resistance level at $0.14 by mid February. MANA managed to trade between the range $0.05 and 0.17 throughout the year. At the end of December 2018, MANA was trading at $0.04.

2019

On a bearish note, MANA entered the year 2019 with a price of $0.04. As the bears continued to drag the prices down, the token slumped to $0.03 and further the token retrieved to $0.05 by March. With certain alteration in the price, the token was exchanged between the $0.03 and $0.04 for several months. Interestingly, the price declined to $0.02 and further recovered to $0.03 in December to end the year 2019.

2020

With a major pullback of price by bears, MANA started the year 2020 with a price of $0.03 and significantly rose to $0.06 by mid February. Shockingly, the token sank to $0.02 in March as the crypto market crash due to the Covid-19 outbreak all around the world. Further, with steady recovery, the price hovered between the $0.03 and $0.04 mark until hitting $0.10 surprisingly in the month of August. Later with certain variations, the price consolidated between $0.07 and $0.09 till December. MANA was trading at $0.07 at the end of December 2020.

MANA Price Prediction 2021

With an expansion of the bearish market, MANA continued to trade at $0.08 during the start of January. Progressively, the token started to rise further. MANA could concentrate on improving its features for seamless services and some social media influences may lead to growth of the token. At the end of 2021, MANA might be exchanged at $1.5.

MANA Price Prediction 2022

MANA could commence the year 2022 with a price of $1.7 and the token might likely rise if it attracts the marketers with its specifications and makes it more user friendly. By the end of 2022, the token could trade at $3.8.

5 years MANA Price Prediction

In 5 years, Decentraland might record new heights. With certain partnerships and developments, the users may increase and the investors may focus on investing in it. It could secure a new market rank if it gets recognized by the whole crypto world. By 5 years, MANA might be traded around the $15 mark.

MANA Market Prediction

  • CoinArbitrage

According to CoinArbitrage, MANA would be trading at $0.12220 at the end of 2021. In the next 3 years Decentraland could reach as high as $0.87450 and the lowest price would be $0.07552.

  • WalletInvestor

According to WalletInvestor, MANA is a good token to invest for the long-term. Its price could reach $0.257 by the end of 2021 and $0.722 at the end of 2025.

  • TradingBeasts

According to TradingBeasts, MANA could end the year 2021 with a price of $0.2744467 and by 2024, it would be trading at $0.3663238.

Our MANA Price Prediction

Decentraland initiated the year 2021 with a trading price of $0.08. On a bullish note, the price started to surge further. MANA might grow in the future as it allows the users to develop and monetize. The token may record a new All-Time-High in the upcoming days. MANA may emerge as the leading virtual trading platform in the world. By the end of 2021, Decentraland might trade around $2 and could reach $20 in the future.

FAQ

Can Decetraland MANA be halved?

No, MANA cannot be halved or neither mined.

Does MANA really enable its users to develop?

Yes, users can develop and monetize the MANA platform

Is MANA worth investing?

Yes, MANA can be a worthy investment if you plan to invest for long-term.

Where to trade MANA?

MANA can be traded on exchanges like Coinbase Pro, Binance, OKEx, Huobi Global and many more.

It was found by Ariel Meilich and Esteban ordano.

Source: https://coinpedia.org/price-prediction/decentraland-mana-price-prediction/

decentraland-price-prediction-2021:-can-mana-price-reach-$1?

Coinpedia

Solana Price in Discovery Mode, SOL Price to Hit $150 Soon!!

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge

Published

on

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge milestones in a short period of time and has developed tremendously.

SOL price has risen dramatically in the last seven days, reaching an all-time high of over $80 on August 18th. The total market capitalization is at around $21 billion.

SOL Price Analysis

The Solana coin is creating divergence with price movement and technical characteristics on the weekly chart. The coin is rising in value as it forms greater highs and lower lows patterns. The current Solana price prediction mood is bullish.

The coin’s price has been fluctuating between $68 and $75.90 on a daily basis. Meanwhile, the token remains barely over $71 as bulls aim for a return to $80.

The SOL bulls may be taking a break. A short-term slump does not always imply that the asset has reached its peak. This is why. To begin with, the general mood remained upbeat. Awesome Oscillators green final bars mimicked a similar phase.

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

$150 for Solana?

Smart Contracter, a well-known crypto trader, is forecasting fresh all-time highs for Ethereum competitor Solana.

A 130 percent gain for Solana from its current price of $65.15 isn’t outlandish, according to the crypto analyst. The Analyst estimates a $150 price tag for Solana after five waves, using Elliott Wave, which predicts price swings based on crowd psychology that tends to emerge in waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

Source: https://coinpedia.org/price-analysis/solana-price-in-discovery-mode-sol-price-to-hit-150-soon/

solana-price-in-discovery-mode,-sol-price-to-hit-$150-soon!!

Continue Reading

Coinpedia

Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin(BTC) price after rallying above $46500, it consolidation again around the strong support levels in order to head close to $50,000

Published

on

Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins appear extremely bullish.

The past weekend turns out to be a pivotal period that dragged the crypto space out of the reach of the bears. BTC price currently is reattempting to surge above $46000, keeping the bullish momentum well in place. On the other hand, the ETH price comfortably resides above $3100 after the occurrence of the Golden Cross.

Also Read: Bitcoin Price Analysis: Is Short Term Correction Evident Before the Golden Cross? Popular Analyst Says YES!

However, the Golden Cross on Bitcoin is expected to occur in a coming couple of days on 13th August 2021 as predicted by analysts.

Currently, the exchange outflow ratio has fallen to the lowest point since June 2019. Therefore a sense of confidence among the holders is withnessed as large exchange sell-offs are less common when less supply is at risk on exchanges.

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Also Read: Ethereum Price Flips Before Hitting Crucial Support Zones, Bull Market Resumes!

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Source: https://coinpedia.org/bitcoin/bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13-august/

bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13th-august!

Continue Reading

Coinpedia

Polygon (MATIC) Price Retraces Well, Is It A Dead Cat Bounce Or A Recovery?

The Polygon price struggling to sustain the uptrend, the possibility of a fake breakout haunts the Matic Price Rally

Published

on

Matic Netwrok gained immense popularity and recognition with the rebranding to Polygon, earlier this year. Additionally, the Matic price rally also gained mainstream attention and adoption of-let. However, surrounding the immense market uncertainty, Polygon price slumps to its lowest levels.

The price has tanked more than a couple of time in a months time. Therefore healing is much delayed than expected. No doubt the price initiated with recovery within a short time frame, yet the multiple plunges have impacted the momentum of the uptrend. And hence, the probability of forming higher highs has fallen down to lower highs.

matic deadcat

As mentioned in the chart, the MATIC price experiences an extreme squeeze as the resistance levels are lower after each slump. The recovery rate has also gone down which clearly indicates the loss of bullish momentum. With the price attempting to uplift again, it would be mandatory to raise a huge leg up. Else, if the price follows the previous pattern, the dead cat bounce may lead the price to revisit the levels below $1.

AlsoRead: MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!

Is It Safe To Enter The Matic Price Trade?

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

However, the recent dip may have opened the doors to initiate a ‘buy’ trade. As the price is expected to jump high soon. As per the analyst, Altcoin Sherpa, there was a nice dip towards the demand zone. Moreover, the analyst believes the price may reach the weakly highs around $1.7.

$MATIC: Nice dip to the demand zone again w. a good reaction. Would like to see it flip this current level before buying. Decent buy volume from yesterday; we’ll see if this can test higher. #MATIC pic.twitter.com/LDCPEowSh8

— Altcoin Sherpa (@AltcoinSherpa) June 23, 2021

Interestingly, the analyst also predicts a dip after the price attains the upper resistance levels. And hence, the $2 target still remains still misty. As the bulls remain still calm and maybe waiting for the right time to uplift the Matic price.

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-recovers-well/

polygon-(matic)-price-retraces-well,-is-it-a-dead-cat-bounce-or-a-recovery?

Continue Reading

Title

Reuters17 hours ago

Eco-friendly sneaker maker Allbirds aims for $2 bln valuation in U.S. IPO

Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New...

ZDNET2 days ago

Comcast gave me good, precise news. The truth was precisely the opposite

Many companies believe that technology is perfect for customer service communication. Often, though, it just isn't.

Bioengineer5 days ago

Sex differences in COVID-19 outcomes

Credit: Mary Ann Liebert, Inc., publishers In a study of more than 10,600 adult patients hospitalized with COVID-19, women had

Techcrunch6 days ago

Resistant AI scores $16.6M for its anti-fraud fintech tools – TechCrunch

Resistant AI, which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to...

Techcrunch6 days ago

Facebook reportedly plans to change its name to focus on the metaverse – TechCrunch

Facebook is planning to rebrand the company with a new name to focus on building the metaverse, according to a...

Bioengineer1 week ago

UTHSC awarded $1.5 million HRSA grant for sexual assault nurse examiner training

Credit: UTHSC Memphis, Tenn. (June 16, 2021) - The University of Tennessee Health Science Center's College of Nursing has received

Techcrunch1 week ago

Does the NFT craze actually matter? – TechCrunch

Hello friends, and welcome back to Week in Review! Last week, we talked about Apple’s subscription addiction. This week, I’m...

CNBC2 weeks ago

Earnings

Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

ZDNET2 weeks ago

Even computer experts think ending human oversight of AI is a very bad idea

The UK government is thinking of scrapping the right to ask for a human to review decisions made entirely by...

Crunchbase2 weeks ago

The Briefing: Hailo Lands $136M Series C

Crunchbase News' top picks of the news to stay current in the VC and startup world.

Review

    Select language

    Trending