One thing that we'll become clear as we dive deeper into our Decentraland price prediction, is that we're in absolute awe of what they have, can, and will continue to accomplish. With 20,000 players across its wide-open metaverse, Decentraland is using the might of the blockchain to empower what may be the next generation of games. Here, users can buy, sell, and trade virtual land, on which they could build practically anything they want, from a dream home to a digital business selling NFTs.
It's very easy enough to see why there's so much hype over Decentraland, and how a piece of virtual real estate can be sold for nearly $1-million. So far, we've witnessed players create fantasy worlds, design minigames, open up and flood countless marketplaces, showcase NFT artwork in galleries, set up casinos, host music festivals, and many more… All using parcels of land that aren't even real. So, read along our Decentraland price prediction to find out more about why we're very bullish.
Decentraland (MANA) Historical Price Analysis
Following its beta launch in 2017, Decentraland truly opened up to the public in 2020. It's practically a Ready Player One-style metaverse, where Decentraland itself is a vast ecosystem conjoined with community-centric decentralized governance and a place where players can do anything they want. There are minigames, quests, competitions, and other events within the game, as well as a social networking or pseudo-life simulator aspect to it. The key aspect to all this is LAND.
LAND is technically a token in itself, an ERC-721 Ethereum-based NFT crypto, which represents one parcel of virtual 16-meter by 16-meter square plot of land that you can own in Decentraland. Here, you can choose to work and develop it just the way you want it, where LAND – and other in-game items or services that are minted as NFTs – can be bought with MANA. You can remodel these real estates for your own personal enjoyment, or create something that other users can play around with.
The concept of LAND ownership in Decentraland is unique among other NFT-based metaverses or games like it, hence contributing to MANA's – the main unit of currency and medium of exchange – rapid ascent in price since its token sale in August 2017 that raised them $25-million. At the time, MANA bottomed to an all-time low of $0.007883 on October 13, 2017. Following the NFT craze of late 2020 and early 2021, MANA has since peaked at an all-time high of $1.63 on April 17th, 2021.
Current Price, Market Cap, And Supply
As of this Decentraland price prediction, the value of one MANA is around $0.644326. To put that into perspective, it marks a gargantuan gain of 8,073.55% from its aforementioned all-time lows, but is still 60.59% down from its all-time highs, owing to a significant market reset in past months. Nevertheless, we'll learn more later in our Decentraland price prediction that we could see the price of MANA easily eclipse its former ATHs soon. Nevertheless, MANA remains incredibly valuable.
It has a market capitalization of $1,089,355,064, making Decentraland's MANA the 66th-most valuable cryptocurrency. Primarily, MANA is used to pay for, or to earn from Decentraland. These include things like buying up properties – exchanging them for LAND – and selling them, or trading MANA in return to access NFT-based in-game goods and services through the expansive and diverse secondary marketplace on Decentraland. Some players are even making a living through MANA.
As for its tokenomics, Decentraland's MANA is purely inflationary. It's set to inflate at a fixed and declining rate over time. In the first year of MANA's circulation to the public, its supply would inflate by 8.00%. It will then decrease to 6.06% by year five, and again to 4.65% by year ten. As of this Decentraland price prediction, there is a total of 2,194,184,827 MANA in supply, not counting for recent inflation, with around 1,690,689,645 MANA in total circulation.
Decentraland Price Prediction Future Forecast (MANA)
For our Decentraland price prediction, we'll be using computer-generated algorithmic models to see where its MANA tokens may land in the coming days, weeks, months, and years. Understandably, a computer model based on purely technical patterns alone can't account precisely what may happen like a crystal ball. However, it may give us a rough idea of how the market may behave. Even still, taking into account the fundamentals of Decentraland has given us a lot of bullish hopes.
Our data here has even indicated – with a grain of salt – that we may see some explosive gains soon, despite the wider NFT hype and market euphoria has since cooled off. Blockchain games are very rapidly gaining in popularity, and for Decentraland to have this large of a USP – its LAND and virtual real-estate ownership – that remains so very distinct in the industry today, we could see it turning into something very valuable, given its monetizing potential, secondary marketplace, and scarcity.
Decentraland Price Prediction 2021
Since Decentraland launched in 2020, it quickly became one of the most popular and valuable NFT projects, as well as a blockchain-powered game up till this point in our Decentraland price prediction. We can see it grow a lot more, as many people are turning to alternative ways to invest money. One such way is investing it into a digital piece of land, which just like a real-world property, can be bought and then speculated on for its value. That's beside the other ways that you can earn actual income.
Decentraland Price Prediction 2022
Decentraland has a lot of plans set out for the future, which would be reflected in MANA. Most of them involve adding new content to keep players busy. Tiny things like refining the graphical quality and fidelity, or to keep polishing up the lighting and textures could have a huge impact to freshen things up. Players could also soon use pre-fab – or pre-built – items or collections within the builder tool to make creating their own fantasies and developing their parcels of LAND a bit easier.
Decentraland Price Prediction 2025
It's hard to see what will become of Decentraland in four year's time, but we could see it grow even bigger as more players flock to metaverse type games – a fairly new, yet rapidly growing category. A lot more updates will come out of Decentraland by then too, such as the ability to create guilds or groups between players, improved trading and marketplace interactions, better cinematics, token swapping and fiat on-ramps, mobile support, better mapping, VR support, and more.
Is Decentraland A Good Investment?
Just looking at our algorithms here, you can clearly see that our Decentraland price prediction is projecting stratospheric gains to follow. However, it's even more important to look at the organic fundamentals of what Decentraland is, and what they can achieve.
One very crucial aspect, albeit a technical one, is the fact that LAND – which we still believe is the most important mechanic and design of Decentraland – is intentionally scarce and finite, capped to just 90,000 LAND parcels.
There's a fascinating, realistic dynamic with this digital-only real estate, too. For example, LAND that is built in certain major crossroads or busy districts is valued more than others, or how players can very easily clump together singular pieces of LAND to create a large estate. We should also look at how Decentraland is very open and liberal about how players utilize the LAND that they own, with no boundaries attached. Again, LAND has been developed into various other forms over the years.
The side effect of this, and one that will assuredly see a significant effect on the value of MANA next to the urgency to buy up scarce LAND, is the creation of secondary marketplaces between players.
Inside of Decentraland, there is an entire economy where players exchange NFT goods or services, such as setting up a business to sell digital artwork, create minigames or casinos for other players to have fun with, offering services in exchange for MANA, and plenty more monetization options.
How To Buy Decentraland's MANA Tokens?
Decentraland's MANA is one of the most valuable and popular cryptocurrencies on the market, as we've established earlier in our Decentraland price prediction. As such, you can easily find MANA for sale through many exchanges, where you can find a more comprehensive and detailed list through sites like CoinMarketCap or CoinGecko. Just to give you a few examples; Binance, Coinbase, Kraken, Huobi, Bithumb, KuCoin, Gemini, Bittrex, Poloniex, OKEx, Crypto.com, and many more have MANA.
Decentraland Price Prediction – Conclusion
Summarising our Decentraland price prediction guide, we will definitely be expecting a lot of those good times to keep coming for MANA. Games are already a $100+ billion industry and combined with the immense hype around NFTs, as well as the evolution of siloed-in games into a massive open metaverse, then you can certainly see more clearly the excitement around Decentraland. Along with an in-game economy that has so much potential to grow in more ways than one, Decentraland is certainly one to consider, if not for the fun of the game itself.