Decentraland (MANA): Price Prediction For 2030
✍️ 4 November, 2022 - 8:04 👤 Editor: Jakub Motyka
- The metaverse-based token Decentraland (MANA) could rise as high as $50 by 2030, according to experts.
- One of the reasons supporting the prediction is a growing institutional adoption in Decentraland. What is the price prediction for MANA for 2030?
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Decentraland (MANA) is a cryptocurrency and a blockchain-based virtual world for non-fungible tokens (NFTs) marketplace. On the platform, users buy virtual real estate and in-game items (accessories that video gamers can add to their virtual characters). Decentraland launched in 2017 as a 3D virtual reality platform on Ethereum.
It native token, MANA, is currently trading for $0.6425, a 4.98% decline in the past day and +0.59% in the last 7 days. The highest MANA has ever traded for was $5.16 in 2021, which represents an 87% decline from the current value. However, the token – used for buying virtual plots and land in Decentraland – could possibly gain significantly by 2030.
What Is The Price Prediction For Decentraland (MANA) By 2030 And What Are The Drivers?
Based on MANA forecast price and technical analysis, the cryptocurrency could trade as high as $50. Backing the sentiment is the metaverse aspect, an open ecosystem, and a growing institutional adoptions.
Technically, Decentraland works as a metaverse (a virtual platform that lets users interact, learn and play). Metaverse is a digital reality of shared virtual spaces, that has attracted investments from large corporations like Meta Inc., formally Facebook.
Decentraland has taken it a step further by introducing LAND, described as private virtual spaces. LAND allows owners to do business, customize their virtual spaces, and to also connect with others. The concept has attracted the attention of corporations looking for new ways to interact with their clients - another factor that informs the prediction of MANA reaching $50 by 2030.
Can The Growing Institutional Adoption Drive The Value Of MANA?
Some of the renowned organizations that have bought LAND on Decentraland include Samsung, Adidas, Atari, and big accounting firms like PricewaterhouseCoopers. With such a trend, MANA is gaining value as a denomination for the metaverse .
Besides, another aspect that could drive the value of MANA to $50 by 2030 is its expanding Decentraland network. The blockchain is an open source platform of a free and vibrant economy - allowing users to buy and sell non-fungible tokens.
Generally, as the concept continues to gain momentum, Decentraland could attract more funds and its market capitalization could surge with the price of MANA. Currently, the token has a market capitalization of $1,182,133,983.
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