It’s true that Decentraland was a great disappointment for investors in 2019. MANA price went down from $0.046858 on January 1st 2019 to $0.033260 on December 31 2019. However, it is worth monitoring our Decentraland price prediction algorithm: Decentraland might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, MANA might be the coin to watch closely now.
The current Decentraland price is $0.034651, its circulating supply is 1 050 141 509 MANA. Our algorithm predicts that based on historical data Decentraland price will be at $0.038774 in 1 week and $0.045474 in 1 month. Our deep learning algorithm predicts the MANA price will be at $0.057424 in 6 months. Analysis of the cryptocurrency market shows that Decentraland price may reach $0.072114 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that MANA will stay around $0.065035 in 2020, $0.072114 in 2021, $0.076131 in 2022, $0.087346 in 2023 and $0.097146 in 2024.
While creating the Decentraland prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $0.057424 and lowest possible predicted price is $0.043334.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Decentraland has the potential to stay within "survivors" team. Our Decentraland short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Decentraland Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Decentraland forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Decentraland (MANA)?
The current price of Decentraland is $0.034651.
What is the current market capitalization of Decentraland (MANA)?
The current market capitalization of Decentraland is $36 387 979.
What will be the price of Decentraland (MANA) Tomorrow?
Our algorithm forecasts that the price of Decentraland will reach $0.035917 tomorrow.
In 1 year from now what will 1 Decentraland be worth?
As per the forecast and algorithmic analysis, the the price of 1 Decentraland will be around $0.065035.
Is it profitable to invest in Decentraland (MANA)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Decentraland (MANA) as a short term investment. Decentraland can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Decentraland be growing in the Future?
Decentraland is potentially one of the most profitable among digital coins.
How high can the Price of Decentraland go?
Our algorithm forecasts that the price of Decentraland will reach $0.097146 by 2023.
Is Decentraland (MANA) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Decentraland now.
I reckon that MANA won't be pushing upwards anymore this year as it did since mid-December, after dipping to $0.024. It all points to the fact that Decentraland has found support at $0.028, and will keep consolidating for quite a while. 2019 wasn't very good for this coin as it had negative gains of -50% to date, but I believe that next year will bring improvement.
The price of MANA has been steadily declining over the last couple of months, and I strongly suspect that it will continue its trip south in the near future. Fundamentally, this coin appears to have little value for the real world as it stems from a virtual reality platform where people trade some pieces of digital land or whatever. It appears to be a token created for those Warcraft geeks, but definitely not for a serious investor.
I’m still super impressed by what MANA does. Digital land ownership. Just how the internet created a demand for digital sites, blockchain will create the demand for digital land ownership. Everything in the world is becoming digitized, and it’s staring at us in the face. The way we pay for things, interact with things, and view things; are all digitized. Our interactions with friends and family are normally through our smart phones, and we have increasingly begun to phase out store front buildings for online options. It’s very obvious that we’re heading in the direction of digital landscape ownership, especially as VR and digital augmentation becomes more popular.
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