Since the beginning of 2021, the concept of NFT and Virtual services has been hype on the whole internet. I am sure you must have heard these words in your news feed or have seen an article related to it, and there is no doubt these words are new to most of us. Similarly, Decentraland is part of the Metaverse concept or virtual world concept. Here you can buy digital assets and other different types of items in the virtual world.
Decentraland is a project that aims to contribute to the Metaverse or virtual reality concept. There is hype on the market regarding this project, and many people are buying different types of things, including Land, houses, and Avatar. The platform is powered by using Ethereum Blockchain technology Solidarity.
The platform has its own cryptocurrency MANA. MANA has uses in the Decentraland and can be used for various things. If you are thinking of investing your money in Decentraland, you are in the right place. Today in this article, we are going to discuss the Decentraland project. And we also look at how profitable it is to invest in its MANA token and predict its pricing in the coming year.
Page Contents
Overview
| Cryptocurrency | Decentraland |
| Ticker Symbol | MANA |
| Price | $3.30 |
| Circulating supply | 1,327,372,146 |
| Market Cap | $4.3 billion |
| All-time high | $5.90 |
| All-time low | $0.0078 |
| ROI (Return on Investment) | 13246% |
From the above table, we can see the detail of the MANA coin and its history. According to the table in the last four years, MANA has provided over 13,000% in return. Similarly, it has an all-time high of $5.90 and an all-time low of $0.0078. MANA has huge potential to provide a high return on investment. As we can see in the last four years, it has provided a 3000% return per annum.
MANA still has the potential to provide a high return on investment as the concept of the Metaverse and the Virtual world is on hype. Similarly, many big companies, including Facebook, Microsoft, and Google, are making it accessible for everyone. So, there’s no doubt MANA has massive potential as an investment in the future.
Things to consider before investing in Crypto
Crypto is considered one of the most volatile currencies than any other thing. If things work in your favor, you double or triple your investment. On the contrary, if you fail to invest in the right Crypto, you could lose all your money. One needs to consider different things while investing in the Crypto.
Technology:
Most the Crypto comes with unique ideas technology that decides the future of Crypto. If you are investing in any crypto, it is necessary to look at what the currency is backed upon. If the technology behind the Crypto performs goods, then Crytpo will perform goods, and we could expect a high return on investment. There are also cryptos backed by the US dollar and Bitcoin. Similarly, MANA is supported by the technology called Decentraland.
Investor:
An investor is another thing that could impact the future of the Crypto. Decentraland has received funding from many institutions, including FBG Capital, Hashed, Coin Fund, and Digital currency group. Most of its investors are genuine, and big investors are less likely to withdraw their investment from the platform.
Market size:
Market size helps us understand the size of the project and allows us to determine whether the project is undervalued or over-valued. MANA has a market capitalization of $4 billion, and the average price of a MANA coin is $2. In addition to this, there are more than 1 billion coins in circulation. According to the competitor and other Crypto, we could say that the MANA is undervalued. There are only 1 billion coins in circulation, worth only $4 billion.
Decentraland price prediction 2025
Currently, the price of Decentraland is around $3.34, whereas it has an all-time high of about $5. So, we can expect that the price will indeed cross $5 in the coming year as it has set support at $5. If the market stays positive in the coming year, Decentraland will hit $6 by 2025.
Decentraland price prediction 2027
Decentraland has increased by over 13000% in the past couple of years. The concept of Metaverse and virtual reality are currently getting appreciation from many investors and companies. So, considering this fact and while looking the history, we could expect that the price of Decentraland will hit $10.
Decentraland price prediction 2030
If you look at the long-term investment in Decentraland, then the coin is likely to perform well because most countries are imposing a ban on the Crypto. So, there is a high chance of volatility in the market. But, in the long-term or ten years from now, Decentraland is expected to cross $10.
Conclusion
I hope that you have got some idea before investing in the Decentraland. It is hard to predict the future of Crypto because governments worldwide are confused about deciding what is right to do and what is wrong.
However, the Decentraland project is good and aims to develop a virtual world where you can create, sell and buy things. So, Decentraland is a suitable Crypto to invest in in 2022.
