Key Takeaways
The Metaverse was the hottest thing in Web3 in 2021, but things have not been kind to the sector since then. Decentraland and its MANA token were no exception to this, collapsing from an all-time high.
MANA has fallen significantly since its all-time high in 2021 and underperformed in 2023 and 2024. However, in November 2024, it looked like it was staging a recovery, and on Nov. 25, 2024, MANA was worth about $0.695.
Let’s now look at our price predictions for Decentraland, made on Nov. 25, 2024. We will also examine the history of Decentraland’s price and discuss what MANA is and what it does.
Let’s look at the MANA price predictions made by CCN on Nov. 25. The projections will be made using the wave count method, and then 20% will be added and removed to the final targets to create the minimum and maximum MANA price predictions.
Minimum Decentraland Price Prediction | Average Decentraland Price Prediction | Maximum Decentraland Price Prediction | |
---|---|---|---|
2025 | $2.24 | $2.80 | $3.36 |
2026 | $4.45 | $5.55 | $6.65 |
2030 | $3.40 | $4.20 | $5 |
The wave count suggests MANA completed an A-B-C corrective structure from January 2023 to February 2024 and then finished the final downward movement. The movement is almost identical to that in 2019 and 2020.
In 2020, wave one ended at the 1.61 external retracement of the correction. Assuming the same thing happens in 2024, wave one will end at $1.20. Then, we can use extensions on wave one to find wave three and on wave three to find wave five. Doing this leads to an all-time high of $13.55, reached in February 2026.
So, the wave count gives MANA price predictions of $2.80 and $5.55 at the end of 2025 and 2026, respectively.
Finally, we use the rate of increase for the past five years to make a Decentraland price prediction for the end of 2030. In the 1820 days since November 2019, MANA has increased by 1,040%, for a daily rate of increase of 0.56%.
Projecting this rate of increase until the end of 2030 leads to a price of $4.20. Adding and removing 20% to this target gives our minimum and maximum MANA price predictions.
The wave count method gives a MANA price prediction range between $2.24 and $3.36 for the end of 2025.
Decentraland Price Prediction for 2026
The wave count method gives a MANA price prediction range between $4.45 and $6.65 for the end of 2026.
Decentraland Price Prediction for 2030
The daily rate of increase gives a MANA price prediction range between $3.40 and $5 for the end of 2030.
The weekly time frame MANA chart shows that, unlike the SAND price, MANA has not broken out from its 700-day pattern. In Decentraland’s case, it is a descending parallel channel instead of a descending resistance trend line.
Last week’s increase took the price to the channel’s resistance but did not cause a breakout. If one happens, the first resistance will be at $1.10. However, this is just a minor resistance area. A breakout could take MANA to the next resistance at $2.40, both a horizontal and Fibonacci level.
Technical indicators support the upward movement. The RSI and MACD have generated bullish divergences (green) and are above their bullish thresholds at 50 and 0, respectively.
So, similarly to SAND, the MANA price will likely break out and increase toward its long-term resistance.
The MANA price prediction for the next 24 hours is bullish. Once the price breaks out from its parallel channel, it will likely accelerate the rate of increase toward new highs.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Nov. 25, 2024, MANA’s ATR was 0.09, a sign of low volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov. 25, 2024, the MANA RSI was at 70, a sign of overbought conditions.
Decentraland is a metaverse project, so let’s compare it with other similar platforms.
Current Price | One Year Ago | Price Change | |
---|---|---|---|
Decentraland | $0.695 | $0.4728 | +46.9% |
The Sandbox | $0.756 | $0.4379 | +71.9% |
Axie Infinity | $8.10 | $6.44 | +25.7% |
Enjin Coin | $0.28 | $0.2943 | -4.85% |
We examined the MANA price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, indicating the best times to buy MANA.
Times to Buy MANA | Days, Months, and Quarters |
---|---|
Best Day of the Week | Saturday |
Best Month | December |
Best Week | 44 |
Best Quarter | First |
Let’s take a closer look at the Decentraland (MANA) price history. While past performance doesn’t necessarily indicate future results, understanding what MANA has done can help us contextualize future predictions.
Period | MANA Price |
---|---|
Last week (Nov. 18 2024) | $0.4275 |
Last month (Oct. 25, 2024) | $0.3121 |
Three months ago (Aug. 25, 2024) | $0.3171 |
Last year (Nov. 25, 2023) | $0.4728 |
Five years ago (Nov. 25, 2019) | $0.02213 |
Launch price (Sept. 18, 2017) | $0.02479 |
All-Time High (Nov. 25, 2021) | $5.90 |
All-Time Low (Oct. 13, 2017) | $0.007883 |
The market capitalization, or market cap, is the sum of the total number of MANA in circulation multiplied by its price.
On Nov. 25, 2024, MANA’s market cap was $1.36, making it the 78th-largest crypto by that metric.
On Nov. 25, 2024, one wallet held nearly 12% of MANA’s supply.
As of Nov. 25, 2024, the five wallets with the most MANA were:
Supply and Distribution | Figures |
---|---|
Total Supply | 2,193,179,327 |
Circulating supply as of Nov. 25, 2024 | 1,942,255,184 (88.55% of the total supply) |
Holder distribution | Top 10 holders owned 60.73% of the supply as of Nov. 25, 2024 |
MANA is an ERC20 token used within Decentraland to acquire land and make in-world purchases of digital goods and services. It is spent to obtain non-fungible, transferrable, and scarce digital assets stored in an Ethereum smart contract.
The Metaverse, the idea that we can create an online world where people can interact with each other through avatars, was a big deal in 2021. With the growth of non-fungible tokens (NFTs) at the same time, plenty of people were convinced that the Metaverse was here to stay and that it was The Future.
Unfortunately, the crypto crashes of 2022 put paid to that, with Metaverse coins and tokens taking the brunt of some disastrous losses. However, some metaverse cryptos continue to have a following, with one of the biggest being Decentraland ‘s MANA.
Decentraland was founded in 2015 by two Argentinians, fintech expert Ariel Mielich, and blockchain specialist Esteban Ordano. The pair wanted to create an online world that was not controlled by one person or organization, hence the name.
The MANA cryptocurrency supports Decentraland. To participate in Decentraland, people need to hold MANA.
The Decentraland platform features 90,601 pieces of land. People can use MANA to buy these and decorate them with NFTs, which can be bought, again with MANA, on the Decentraland Marketplace.
MANA holders can also vote on changes to the network, and they have the right to change their avatars. They can also take part in auctions for Decentraland’s other cryptocurrency, LAND, which is used to track the ownership of the land in Decentraland.
It is worth noting that MANA, which can be bought, sold, and traded on exchanges, is based on the Ethereum (ETH) blockchain. This means that it is a token rather than a coin. You might see references to such things as a Decentraland coin price prediction, but these are wrong.
It is difficult to tell at the moment. Keep in mind that MANA is not only a long way from its record price but also that metaverse cryptos were even more badly affected by the crashes of 2022. The fact that the SEC considers it to be an unregistered security, which could be interpreted as kicking a man while he’s down, might make things worse.
On the other hand, there is enough of a fanbase to allow Decentraland to have a game-making experience, and both cryptos and other things that people had long thought had had their time have made a comeback, so it might be that this current state is the lull before the storm of a metaverse renaissance. Certainly, it has performed well over recent days.
Either way, you will have to do your own research before deciding whether to invest in Decentraland.
No one knows for sure right now. Although the Decentraland crypto price predictions are largely optimistic at the time of writing, price predictions have a well-deserved reputation for being wrong. Remember, too, that prices can, and do, go down and up.
Before you decide whether or not to invest in Decentraland, you will have to do your own research, not only on MANA but also on other similar coins and tokens, such as The Sandbox (SAND). Most importantly, though, you must make sure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our Decentraland price predictions suggest that MANA won’t reach double figures until at least the 2030s.
The MANA cryptocurrency is used to buy items and land in the Decentraland metaverse. The token’s holders can also vote on changes to the platform, and it can be bought, sold, and traded on exchanges.