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Decentraland (MANA) Price Prediction: Will MANA Price Reach $1 By 2023?

MANA price prediction
Cristian Cochintu
Cristian Cochintu
22 February 2023

Decentraland (MANA) dropped over 90% in 2022 but seems to recover in 2023. CAPEX looks at MANA’s price predictions for 2023 and beyond.

Decentraland is one of the most popular virtual reality platforms available today. Built on the  Ethereum blockchain, Decentraland is a digital space where users can create, experience, and monetize content and applications in an immersive 3D world. The platform often referred to as a metaverse, has an entire economy that is powered up by its own token called MANA. However, to transfer any assets on the blockchain, users also need Ether (ETH) to pay for the gas fee since the platform uses the Ethereum blockchain.  

MANA token is tradable on cryptocurrency exchanges, and its price variations are a direct reflection of the popularity of the metaverse.  

The platform allows for the creation of virtual real estate, which can be bought, sold, and developed on the blockchain. Decentraland is a direct competitor for the Sandbox and they both became popular in 2021 during the NFT hype.  

Additionally, users can interact with each other and with the content within the virtual world using the platform's cryptocurrency, MANA.   

But what can we expect from Decentraland (MANA) in the future? What highs may MANA price hit in 2023? Will the Decentraland (MANA) price surge or plunge in 5 years?      

This article aims to address all the queries related to Decentraland (MANA) price prediction for 2023 and beyond, fundamentals, and technical updates.      

Summary of Decentraland (MANA) Forecast & Price Predictions 

  • Decentraland (MANA) price prediction today: the metaverse coin could face strong resistance at $0.75 as per charts and experts.  
  • MANA price prediction 2023: while most experts forecast MANA can reach more than $1.0 during the year, others said crypto winter could extend into 2023 and push MANA’s price below $0.3.  
  • MANA price prediction 2025-2030: most analysts point out that MANA might recover if metaverses regain investors’ interest. A broad adoption of blockchain games and NFTs might help increase the value of Decentraland (MANA).   

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Decentraland (MANA) Overview     

The initial coin offering (ICO) for Decentraland raised $24 million in August 2017, although development on the project began in June 2015. The closed beta version of the virtual world was launched in 2019 and made available to the public in February 2020. 

Decentraland was created by Ari Meilich and Esteban Ordano. Ari is an entrepreneur with a background in founding startups, including a CRM platform, and he was the project lead from 2017 to 2020. Esteban, a former software engineer at BitPay and advisor to Matic Network, also plays a key role in the project's leadership.  

Decentraland has its blockchain token, also known as MANA. This token can be used to purchase and sell land and goods or services within the metaverse. There are countless actions available for users within this virtual space, including the possibility of buying virtual real estate or creating and distributing digital content and services.  

Just as in real life, MANA tokens, and in-game land (which are NFTs) are limited, which become scarcer as more people join the metaverse. The in-game land can be used to display content and build assets. A common practice of world-famous brands is to buy land and display digital ads for their brand and products in Decentraland for the simple purpose of brand awareness. Of course, all these actions are not free but require MANA tokens. Decentraland stated that it will create secondary markets for land ownership and rental. 

According to Decentraland, the unclaimed land can still be purchased at the same exchange rate (1000 MANA = 1LAND). The virtual marketplace allows property owners to trade at their own set prices. The MANA currency is 'burned" after purchasing land using MANA tokens.  

Decentraland is managed by a decentralized autonomous organization (DAO). MANA token holders can vote on policies and set the agenda, including rules for land auctions and content. 

The whitepaper states, "There are no technical specifications for what could be built at Decentraland." This means that anyone can create interactive games, digital collectibles, and advertisements. Decentraland said that there could be other uses, including training and professional development, and education. 

It’s important to remember that Decentraland is based on the Ethereum blockchain and that MANA is not a coin. However, most users refer to it as “Decentraland coin” or “MANA coin” when searching for MANA price predictions.  

Related: How to Buy Decentraland (MANA)   

MANA's price has dropped by over 90% during the 2022 bear market. 

MANA is an ERC-20 token that exists on the Ethereum blockchain. The entire economy of the Decentraland metaverse is powered by the MANA token.  

To make any blockchain transactions with MANA, the sender needs to pay blockchain gas fees in ETH. As of January 2023, the Decentraland MANA token has a total supply of only 2.19 billion (according to CoinMarketCap), and more tokens are burned each time a new piece of LAND is purchased.  

The LAND is the second type of digital asset available in the Decentraland metaverse, which represent virtual real estate and exist as NFT. The utility of LAND is based on its adjacency to other attention hubs, its ability to host applications, and also as identity mechanism. Although every unclaimed LAND can be purchased at the same exchange rate (1000 MANA = 1 LAND), LAND parcels are distinguishable from each other, potentially trading at different prices on a secondary market due to differences in adjacencies and traffic. On the other hand, MANA serves as a proxy to assess the price of a new parcel of LAND. Also, MANA used to buy goods and services in the virtual world creates utility value for the token. 

The platform will burn a portion of its MANA supply every time someone purchases an NFT token (non-fungible token).  

MANA experienced a 5x price increase in October 2021 due to a sudden surge of interest in metaverse investments and NFT investments. The coin's price rose to $5.90 by the end of November 2021.  

Over the last few years, cryptocurrency has gained traction. With more people turning to virtual reality platforms for experience and engagement, Decentraland (MANA), could be an attractive prospect for investors in the future. 

With 2023 already looking like another roller-coaster period for digital currencies, CAPEX looks at MANAs price predictions from best-rated websites and experts.       

Decentraland (MANA) Forecast & Price Prediction 2023 and beyond      

As more people join Decentraland, there should be greater demand for MANA tokens, which should be used to make purchases on the platform. This means that the demand for MANA tokens could eventually be greater than the supply, driving up the price. 

Some experts suggest that Decentraland may be in a weak market. MANA is less noble than other cryptocurrencies. Many of these cryptocurrencies were created to transform financial services. The world of VR is not moving fast but the demand for Decentraland's metaverse could decrease as new experiences and games enter the market. The demand for MANA will drop if there is less demand for Decentraland. This could have a catastrophic effect on the asset’s price. 

Since its November 2021 all-time high (ATH) of $5.90, MANA has been in a steady downtrend. In 2022, MANA followed the general bear market and dropped to a minimum of $0.29 by December 2022. This represents a 95% price decrease.  

However, most forecasters predict an upward trend in 2023, and the average MANA price forecast is around $0.71.   

Decentraland (MANA) Price Prediction 2023      

Decentraland (MANA) price prediction site Wallet investor offers the most pessimistic forecast and suggests that MANA’s price will drop to an average price of $0.104 by the end of December 2023.     

DigitalCoin is much more optimistic about its Decentraland (MANA) forecast. It predicts that the price of MANA will be around $1.43 by the end of 2023.      

The long-term forecast for the Decentraland from Price Prediction shows that the price will rise to an average price of $0.99 by the end of 2023.     

CryptoPredictions has set a price target for the MANA at an average of $0.91 for December 2023.    

According to Long Forecast, MANA can reach a maximum of $0.16 by the end of 2023. They predict that Decentraland’s price will continue to drop throughout the year.     

The average consensus price for 2023 is $0.71 (+8.9%), which makes Decentraland (MANA) one of the best cryptocurrencies to buy in 2023. Check also the top 5 cryptocurrencies to explode in 2023.          

Decentraland (MANA) Forecast 2023 – Buy now or wait for new lows?   

It is important to remember that cryptocurrency markets are extremely volatile, and it is difficult to predict the price of a coin or token in just a few hours. Long-term predictions can also be difficult. Analysts and algorithm-based forecasters are susceptible to making mistakes. 

MANA is the token that fuels the entire economy in the Decentraland metaverse. It has become very popular during the 2021 NFT hype but has been on a downtrend throughout the entire of 2022.  

As of the beginning of 2023, MANA is in an upward trend. During January, the price of MANA has risen more than 100%. If the growth continues, MANA has the potential to become a more desirable digital asset. 

As you can see in the chart, the price of MANA broke back above $0.42 and $0.60 key levels, and above the 200-day moving average, with robust volumes, which are indications of a bullish trend reversal. Pullback near $0.60 support could be a swing entry in an uptrend in the short term. However, in the long term, we can notice a downtrend. The momentum is bullish but inflecting. MACD line is above the MACD signal line and the RSI indicator is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. The nearest support zone is $0.60 (previous resistance), then $0.42. The nearest resistance zone is $0.75, then $1.00. 

Mana price forecast
While we can speculate about the potential price of Decentraland (MANA) over the next months and years, the truth is that Decentraland (MANA) still is a highly speculative investment. There is not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.     

Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.     

Related: How to invest in cryptocurrency     

Decentraland (MANA) Price Prediction 2025      

There are indications that the crypto market is entering a new era.      

Undoubtedly, MANA's long-term price prediction could rise if technological advancements are made, and the currency attracts more attention.      

According to the latest MANA price predictions from all expert forecasters, the token could reach an average price of $1.47 (+122% from the January 2023 value)  or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $2.16. On the other hand, WalletInvestor predicts that the MANA price may drop to $0.04 by the end of 2025.  

However, price predictions do not always reflect long-term earning potential. It is important to analyze the potential financial consequences of this investment to determine if it is a wise financial decision.   

Decentraland (MANA) Price Prediction 2030      

Are you expecting Decentraland (MANA) to rise in value? The same applies to Axie Infinity price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of Axie Infinity. The world of 2030 may be quite different from what we see now. What does 2030 hold for Axie Infinity?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of MANA might rise in the future. 

By 2030, PricePrediction forecasts that the price of MANA could reach around $14.56. According to a 2030 MANA prediction from DigitalCoin, the trading price of MANA could be $7.23. The average of these two MANA price predictions is $10.89, representing a 1,540% price increase from its January 2023 value.    

Is It Possible to Forecast the Price of Decentraland (MANA)?      

Many crypto price predictions for Decentraland (MANA) are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.      

The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.      

  • Technical Analysis     
  • Fundamental Analysis     
  • Sentimental Analysis      

Decentraland (MANA) Forecast using fundamentals      

Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.     

You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.     

Fundamental analysis can help traders determine the price of a cryptocurrency based on a wide range of information. This could be a great way to make long-term investment decisions.     

How to conduct a Decentraland (MANA) price prediction today using fundamentals? Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.     

Do not confuse fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.     

The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.     

The following parameters can be used to help investors predict trends in crypto markets:     

  • Market capitalisation     
  • Total and circulating supply     
  • Token utility and use cases     
  • Community size     
  • The team behind the crypto project     
  • The crypto's trading volume     
  • Crypto exchanges listings     
  • Partnerships with trusted institutions     
  • The latest news about the coin     
  • Government rules and regulations     

It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.     

You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.     

Decentraland (MANA) Forecast using technical analysis     

Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.     

Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.     

The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market, and using technical analysis tools is a popular technique for doing so.     

Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.     

In general, technical analysts look at the following broad types of indicators, formations, and theories:     


The MANA daily chart below shows some key price levels that act as support and resistance.    

MANA price prediction 2023
Technical analysts use support and resistance levels to identify price points on a chart, where the probabilities favor a pause or reversal of a prevailing trend.  

Support occurs when a downtrend is expected to pause due to a concentration of demand. 

Resistance occurs when an uptrend is expected to pause temporarily, due to a concentration of supply.  

Support and resistance areas can be identified on charts using historical prices, Fibonacci retracements and harmonic patterns, trendlines, and moving averages. 

Support and resistance can be found in all time frames, but the longer the time period, the more significant the support or resistance. 

To identify support or resistance, you must look back at the chart to find a significant pause in a price decline or rise. Then look forward to seeing whether a price halts and/or reverses as it approaches that level. Many experienced traders will pay attention to past support or resistance levels and place traders in anticipation of a future similar reaction at these levels. 

In the above MANA chart price example, the 0.75 resistance level is also 50% Fibonacci and acts as a resistance that should generate at least a minor countertrend. Once the price will surpass this level and 61.8% Fib (0.80), traders will look for long positions as a change in trend and market sentiment is more likely. 

For secondary screenings, traders use indicators like RSI, ATR, or Elliott Waves, but also chart patterns like Doji candle and other Japanese candlestick patterns

>> Visit CAPEX Academy to learn more     

Decentraland (MANA) Price Prediction Using Market Sentiments     

In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.     

How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based on real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).     

For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.     

The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.      

A sentiment index predicts whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.   

Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.     

Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.     

Decentraland (MANA) Historical Prices     

MANA began trading on the open market in the fall of 2017, with a value of less than $0.02 on September 21st of that year. For the next few years, it mostly fluctuated between $0.01 and $0.10. It reached an all-time low of $0.007883 on October 13th, 2017, but quickly recovered and closed 2020 at $0.07825. 

In the first quarter of 2021, the cryptocurrency market was doing well and Decentraland followed suit, reaching highs of $1.55 on April 28th and 29th. However, the market cooled off after the "great crypto day crash" of May 19th, 2021, causing Decentraland to drop to $0.58 by the end of June. 

In August 2021, the interest in NFTs and metaverses in the crypto world helped Decentraland to have a successful bull run, peaking at $1.08 on September 5th and 6th. After that, there were fluctuations with a high of $1.48 in October, before reaching an intraday high of $4.69 on October 30th and closing the month at $2.89. 

November 2021 was another productive month for Decentraland, reaching an all-time high of $5.90 on November 25th, but the market cooled off in December and Decentraland closed the year at $3.27, a year-on-year increase of more than 4,000%. 

In 2022, things were not as positive. Despite reaching a high of $3.48 on February 8th, the market experienced turmoil due to the de-pegging of UST stablecoin and the collapse of LUNA cryptocurrency, causing Decentraland to drop to $0.6307 on May 12th. The bear market was confirmed in June with news of withdrawals being canceled on the Celsius crypto-lending platform, causing Decentraland to drop to $0.7314 on June 18th. Despite a brief recovery in August, things fell apart again in October when a report stated that Decentraland had less than 40 daily active users.  

As of January 2023, the MANA token trades at around $0.66 and ranks as the 40th cryptocurrency (by market cap), according to CoinMarketCap.     

Decentraland (MANA) Price Prediction - FAQs:      

Is MANA worth buying in 2023?      

It is uncertain at this time. The outcome will largely depend on the recovery of play-to-earn, NFTs, and the metaverse, as well as the overall performance of the market. Keep in mind that it's important to conduct thorough research before investing. Even well-established cryptocurrencies can be impacted by negative market trends, so investors should be prepared for potential losses and never invest more than they can afford to lose. 

How high can MANA go in 2023?      

Most cryptocurrency forecasters have made optimistic predictions for MANA’s price in 2023. One of the most optimistic forecasts is $1.43 by DigitalCoin.   

Will MANA crash in 2023?      

According to most experts and prediction websites, Decentraland (MANA) has a low chance of crashing in 2023. While most expert forecasters are optimistic about the future price of MANA, some are bearish.  

Does Decentraland (MANA) have a future?      

According to most expert forecasters, Decentraland (MANA) will have an upward trend over the next years. DigitalCoin predicts that MANA may rise to over $3 by 2026.  

It's worth noting that price predictions are often inaccurate, and prices can fluctuate both positively and negatively. 

When considering investments in a volatile cryptocurrency market, it's crucial to conduct your own research on a specific coin or token to determine if it aligns with your investment strategy. Whether MANA is a suitable investment for you will depend on factors such as your risk tolerance and the amount you plan to invest.  

What will MANA be worth in 5 years?     

Decentraland (MANA) has a good chance to rise over the next five years if the NFT and metaverses rise again. According to PricePrediction, Decentraland (MANA) could be worth $7.31 by 2028.    

What will MANA be worth in 2025?      

According to the latest MANA price predictions from all expert forecasters used in this article, the token could reach an average price of $1.47 (+122% from January 2023 value)  or more by the end of 2025. PricePrediction forecasts that the average price in 2025 could be $2.16. On the other hand, WalletInvestor predicts that the MANA price may drop to $0.04 by the end of 2025.  

What will MANA be worth in 2030?      

Most forecasters don’t offer price predictions so far off into the future. However, using the information from the few expert forecasters that offer such information, they suggest that the price of MANA might rise in the future. 

By 2030, PricePrediction forecasts that the price of MANA could reach around $14.56. According to a 2030 MANA prediction from DigitalCoin, the trading price of MANA could be $7.23. The average of these two MANA price predictions is $10.89, representing a 1,540% price increase from its January 2023 value.     






Cristian Cochintu
Cristian Cochintu

Cristian Cochintu writes about trading and investing for Cristian has more than 15 years of brokerage, freelance, and in-house experience writing for financial institutions and coaching financial writers.