- Decentraland is a blockchain-based virtual world.
- Bullish Decentraland (MANA) price prediction forecast 2021 and 2022 is from $2 to $3, respectively.
- Bearish Decentraland (MANA) price prediction forecast 2021 and 2022 is from $1 to $1.20, respectively.
A lot of interesting events have been happening in the crypto space this 2021. Leading crypto exchange Coinbase went public, while Cardano struck a partnership with African governments. Ethereum 2.0 is also in the pipeline, while Binance is about to open its NFT marketplace soon.
Decentraland is also one blockchain project worthy of attention. As the only existing project of its kind in the crypto space, it is garnering a lot of media hype, including BBC. Will its native token MANA also benefit from the craze this 2021? We’ll find out shortly. In the meantime, let us first find out what is Decentraland all about in this Decentraland (MANA) price prediction 2021.
What is Decentraland (MANA)?
Decentraland is a 100% virtual world powered by blockchain technology. It can be considered a role-playing game by many people, although it can be so much more than that. Basically, you can buy and sell virtual lands within the game.
When you own a land, you can develop it to become whatever you want it to be. Ever dream of building a castle? Sure thing! Planning on creating a difficult maze for your friends to try out? You’re welcome to do so. Even non-fungible tokens (NFTs), which have become extremely popular recently, can be allowed within the virtual world.
On the base of Decentraland, you will find that it is powered by a decentralized autonomous organization (DAO). It also has a native token called MANA, which is the main asset that players use to pay for in-world items and services.
Now that we have a basic understanding of what Decentraland is, we can now proceed to our Decentraland (MANA) price prediction. Let’s not prolong the waiting anymore; join me in checking the charts in our MANA price forecast.
Decentraland (MANA) Price Prediction 2021: Bollinger Bands
MANA recently saw its all-time high (ATH) at $1.66. Given this, will it ever exceed its performance to record a new ATH, or no? Let us find out in this Decentraland (MANA) price prediction forecast 2021.
Based on our 4-hour chart, MANA has been on a continuous rise, following an uptrend. We can see a couple of candlesticks that went above or below our trend line, but the prices have been pretty much consistent.
The Bollinger Bands (BB) also show that there haven’t been extreme volatility in the past days. This may be advantageous to crypto bulls, as they continually attempt to exceed foreseen resistances.
If the trend continues, MANA may see another ATH in the next days or weeks to come. Also, the psychological support level at $1 will continue to see many traders opening their buy orders.
Decentraland (MANA) Price Prediction 2021: EMA and SMA
So far, the 4-hour chart seemed advantageous for our MANA traders. But will the macro perspective agree? Without further ado, let’s proceed to our 1-day chart in this MANA price prediction 2021.
As seen on the chart above, MANA is continuing its climb. Since the start of 2021, MANA has gained traction among crypto traders, and we have seen its uptrend. Despite dips, MANA’s price performance is relatively still going up.
However, we are already seeing the ceiling start to plateau. This may indicate a strong resistance level at the $1.50 mark. Traders may be shorting their positions as well. To be safe, traders must consider their positions very carefully in the next couple of days or weeks.
Fortunately, we are still in the altseason. More money may flood the altcoin market, to the relief of MANA. If the uptrend continues, we may see MANA hit the psychological resistance level of $2 very soon. This may happen within 3 months of continuous bullish sentiment.
On the other hand, it is also possible for MANA to enter a consolidation period. If MANA corrects itself, traders need to guard the Fibonacci retracement level at $1.20. If the bulls hold this line and gather much strength, MANA may emerge out of the consolidation period stronger than ever. At least $2 will definitely be on the plate this 2021.
Conclusion
MANA is currently on an uptrend, with a possibility of consolidating soon. If the bulls emerge victorious, our bullish Decentraland (MANA) price prediction forecast 2021 price is $2. We may even see MANA target $3 in early 2022.
Conversely, if MANA loses firepower in the next months, its bullish trend may see a reversal. Our conservative Decentraland (MANA) price prediction forecast 2021 and 2022 is from $1 to $1.20. If this happens, the answer to the question “Will MANA price reach $5 this 2021?” is probably no.
Overview
| Cryptocurrency | Decentraland |
| Token | MANA |
| Price | $1.43 |
| Market Capitalization | $1,904,067,767 |
| Circulating Supply | $1,327,372,145 |
| Trading Volume | $238,967,544 |
| All-Time High | $1.60 May 7, 2021 |
| All-Time Low | $0.009 Oct 31, 2017 |
Market Prediction for Decentraland (MANA) Price
- TradingBeasts
TradingBeasts prides itself for updating its prediction depending on recent market movement of cryptocurrencies. According to the platform, MANA may reach $2.46 by the end of 2021 and $2.13 in 2022.
- Digitalcoin
Digitalcoin is another platform that made a Decentraland (MANA) price forecast for 2021 and 2022. According to Digitalcoin, MANA may reach $2.23 in 2021 and $2.57 in 2022.
- WalletInvestor
WalletInvestor also made a MANA price forecast for 2021 and 2022, even up to 2026. According to the platform, MANA may reach $2.2 in 2021 and $2.7 in 2022.
Frequently Asked Questions (FAQ)
The easiest way to get MANA is to buy it from Decentraland itself and from cryptocurrency exchanges. You can also receive it when selling land or other deals with other persons within the game.
Decentraland is actually a profitable game. You can invest in a virtual land, develop it, and sell it for a higher price. You can also look for other players who are willing to pay well for your land. As the game progresses, you will observe other means to make money in Decentraland.
Decentraland uses virtual reality. It is also maintained through blockchain, specifically through smart contracts. For some, it is a game, but for others, it has more uses other than for entertainment.
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