Is Decentraland Mana A Good Investment

Decentraland (MANA) Price Prediction — Will MANA Hit $2 Soon?

  • Bullish MANA toll prediction is $0.3354 to $1.6129.
  • Decentraland (MANA) price might too reach $2 before long.
  • MANA bearish market price prediction for 2022 is $0.2959.

In Decentraland (MANA) price prediction 2022, nosotros employ statistics, price patterns, RSI, RVOL, and other information nigh MANA to analyze the future motility of the cryptocurrency.

Decentraland (MANA) Current Market Status

According to CoinGecko, the price of Decentraland (MANA) is $0.3274 with a 24-hour trading volume of $35,095,055 at the time of writing. However, MANA has decreased past nearly 0.4% in the last 24 hours.

Moreover, Decentraland (MANA) has a circulating supply of one,817,560,024 MANA. Currently, Decentraland (MANA) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, OKX, Upbit, Bybit and FMFW.io.

What is Decentraland (MANA)?

Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. MANA was launched in 2017 as an ERC-xx token. Users buy various in-game assets using MANA. They also receive voting rights by holding Decentraland (MANA) tokens.

Decentraland deploys ii different tokens, MANA and LAND. MANA serves as the governance token and digital currency of the project. LAND are the native non-fungible tokens that stand for the plots of the metaverse.

The unique features of Decentraland persuaded popular brands to foray into the metaverse. Starting from Samsung to JP Morgan, they established their projects in Decentraland. Interestingly, crypto enthusiasts from Arizona adopted Decentraland in society to conform their first metaverse marriage.

Decentraland (MANA) Price Prediction 2022

Decentraland (MANA) holds the 57th position on CoinGecko right now. MANA price prediction 2022 is explained below with a daily time frame.

The above chart of MANA laid out a Falling Wedge. In a falling wedge blueprint, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in full general indicates a trend reversal. Peculiarly, the falling wedge signals a bullish reversal. This blueprint indicates a breakout in the price trend towards an upswing.

Currently, Decentraland (MANA) is in the range of $0.3277. If the pattern continues, the price of MANA might reach the resistance levels of $0.3354 and $0.4110. If the trend reverses, so the cost of MANA may fall to $0.2959.

Decentraland (MANA) Support and Resistance Levels

The chart below shows the support and resistance levels of  Decentraland (MANA).

MANA/USDT Support and Resistance Levels (Source:

TradingView
)

From the above daily time frame, we tin can clearly interpret the following equally the resistance and support levels for Decentraland (MANA).

  • Resistance Level 1 – $0.6135
  • Resistance Level 2 – $one.0785
  • Resistance Level 3 – $1.6129
  • Back up Level – $0.3286

The charts evidence that  Decentraland (MANA)  has performed a bullish trend over the past month. If this trend continues, MANA might run along with the bulls overtaking its resistance level at $i.6129.

Appropriately, if the investors plow confronting the crypto, the price of  Decentraland (MANA)  might plummet to almost $0.3286, a surly signal.

Decentraland (MANA) Toll Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of  Decentraland (MANA) is shown in the chart below. It is an indicator of how the current trading volume has changed over a catamenia of fourth dimension from the previous trading volume. Currently, the RVOL of MANA lies below the cutoff line, indicating weaker participants in the current trend.

Also, the Moving Average (MA) of Decentraland (MANA) is shown in the chart above. Currently, MANA is in a bearish state. Notably, Decentraland (MANA) price lies below 50 MA (short-term), so information technology is completely in a downtrend. Therefore, there is a possibility of a reversal trend of MANA at any time.

Meanwhile, the relative strength index (RSI) of the MANA is 37.07. This means that  Decentraland (MANA) is in an nearly oversold state. However, this ways a major toll reversal of MANA may occur in the upcoming days. So, traders demand to trade carefully.

Decentraland (MANA) Price Prediction 2022 — ADX, RVI

Let usa now look at the Boilerplate Directional Alphabetize (ADX) of  Decentraland (MANA). It helps to measure the overall force of the trend. The indicator is the average of the expanding price range values. This organisation attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above nautical chart represents the ADX of  Decentraland (MANA). Currently, ADX of MANA lies in the range of 48.57, and then information technology indicates a strong trend.

The in a higher place chart besides represents the Relative Volatility Alphabetize (RVI) of  Decentraland (MANA). RVI measures the abiding deviation of price changes over a period of time. The RVI of MANA lies below 50, indicating depression volatility. In fact, the RSI of Decentraland (MANA) is at 37.07, thus confirming a potential sell betoken.

Comparison of MANA with BTC, ETH

The below chart shows the price comparison betwixt Bitcoin (BTC), Ethereum (ETH), and  Decentraland (MANA).

BTC Vs ETH Vs MANA Price Comparison (Source:

TradingView
)

From the above chart, nosotros can translate the toll changes of BTC, ETH, and MANA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MANA likewise increase or subtract respectively.

Decentraland (MANA) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Decentraland (MANA)
might probably attain $3 by 2023.

Decentraland (MANA) Price Prediction 2024

With several upgrades in the network,  Decentraland (MANA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MANA might rally to hit $4 by 2024.

Decentraland (MANA) Price Prediction 2025

If  Decentraland (MANA)  sustains major resistance levels and continues to be recognized every bit a meliorate investment pick among the investors for the next iii years, MANA would rally to hit $v.

Decentraland (MANA) Price Prediction 2026

If  Decentraland (MANA) sustains major resistance levels and continues to exist recognized equally a amend investment choice amidst the investors for the side by side 4 years, MANA would rally to striking $vii.

Decentraland (MANA) Cost Prediction 2027

If  Decentraland (MANA)  sustains major resistance levels and continues to be recognized as a better investment selection amid the investors for the side by side 5 years, MANA would rally to hit $9.

Decentraland (MANA) Price Prediction 2028

Despite the trends in the highly-volatile crypto market, if Decentraland (MANA)  holds up a strong stance as a better investment option for the next 6 years, it might drive significant cost rallies. Thus, by 2028, MANA would hit $eleven.

Decentraland (MANA) Price Prediction 2029

If investors flock in and continue to identify their bets on Decentraland (MANA), information technology would witness major spikes. MANA might striking $13 by 2029.

Decentraland (MANA) Price Prediction 2030

With greater advancements in the Decentraland ecosystem, the crypto customs might continue to invest in MANA for the side by side 8 years and drive meaning price rallies for the token. Hence, Decentraland (MANA) might hitting $fifteen by 2030.

Determination

With continuous improvements in the Decentraland Network, we tin say that 2022 is a good year for MANA. For this reason, the bullish price prediction of  Decentraland (MANA) in 2022 is $1.6129. On the other mitt,  the bearish toll prediction of Decentraland (MANA) cost prediction for 2022 is $0.2959.

Furthermore, with the advancements and upgrades to the Decentraland ecosystem, the functioning of MANA would help to accomplish above its current all-time high (ATH) of $5.85 very soon. Just, information technology might likewise reach $2 if the investors believe that MANA is a good investment in 2022.

FAQ


one.
What is Decentraland (MANA)?

MANA is the native cryptocurrency of Decentraland, a blockchain-based metaverse. Decentraland (MANA) was launched in 2017. Users tin purchase and merchandise assets in the Decentraland ecosystem using MANA.


two.
Where can you purchase Decentraland (MANA)?

Decentraland (MANA) has been listed on many crypto exchanges which include  Binance, Coinbase Exchange, OKX, Upbit, Bybit and FMFW.io.



3. Will Decentraland (MANA) reach a new ATH soon?

With the ongoing developments and upgrades inside the Decentraland platform, MANA has a high possibility of reaching its ATH presently.


4.
What is the current all-time loftier (ATH) of Decentraland (MANA)?

On November 25, 2021, Decentraland (MANA) reached its new all-fourth dimension loftier (ATH) of $5.85.

v.

Is Decentraland (MANA) a good investment in 2022?

Decentraland (MANA) seems to be one of the meridian-gaining cryptocurrencies this year. According to the recorded achievements of Decentraland in the past few months, MANA is considered a adept investment in 2022.


6. Tin can Decentraland (MANA) reach $2?

Decentraland (MANA) is 1 of the active cryptos that continues to maintain its bullish state. Somewhen, if this bullish tendency continues and so Decentraland (MANA) will hit $2 shortly.


7.
What will be Decentraland (MANA) price past 2023?

Decentraland (MANA) cost is expected to reach $3 past 2023.


8.

What will be Decentraland (MANA)

price past 2024?

Decentraland (MANA) price is expected to accomplish $4 by 2024.


9.

What will be Decentraland (MANA)


price by 2025?

Decentraland (MANA) toll is expected to reach $5 by 2025.


10.

What will be Decentraland (MANA)

price by 2026?

Decentraland (MANA) price is expected to reach $7 by 2026.


Disclaimer:
The opinion expressed in this chart is solely the author’southward. Information technology does not represent any investment advice. TheNewsCrypto squad encourages all to do their own enquiry before investing.

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Source: https://thenewscrypto.com/decentraland-price-prediction

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