The Metaverse was the hottest Web3 trend 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. While it looked like it was staging a recovery in December 2024, the metaverse token has crashed since.
Let’s look at our price predictions for Decentraland, made on April 21, 2024. We will also examine the history of Decentraland’s price and discuss what MANA is and what it does.
Our MANA price predictions are made using the wave count method. The minimum and maximum predictions depend on the projected price movement during that year.
Minimum Decentraland Price Prediction | Average Decentraland Price Prediction | Maximum Decentraland Price Prediction | |
---|---|---|---|
2025 | $0.04 | $0.05 | $0.10 |
2026 | $0.04 | $0.08 | $0.13 |
2030 | $0.25 | $0.37 | $0.50 |
The most likely wave count suggests that MANA completed a five-wave upward movement (green) between 2020 and 2022.
Then, MANA started an A-B-C corrective structure, currently in wave C.
Giving waves A and C the same length leads to a low of $0.040 in February 2026.
During this decline, the wave count method gives a MANA price prediction of $0.05 for the end of 2025.
Finally, we use the rate of increase since launch to make a Decentraland price prediction for the end of 2026 and 2030. In the 2,772 days since September 2017, MANA has increased by 970%, for a daily rate of increase of 0.33%.
Projecting this rate of increase forward from the $0.04 low leads to Decentraland price predictions of $0.08 and $0.37 for the end of 2026 and 2030, respectively.
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 $0.04 and $0.60 for the end of 2025.
The wave count method combined with the rate of increase gives a MANA price prediction range between $0.04 and $0.13 for the end of 2026.
The wave count method combined with the rate of increase gives a MANA price prediction range between $0.25 and $0.50 for the end of 2030.
The daily time frame analysis supports the bounce and indicates the rally will continue for several reasons.
Firstly, the wave count shows a completed five-wave decrease (red) since December 2024.
Wave five developed into an ending diagonal, another sign that the decline is over.
Secondly, the daily RSI and MACD generated bullish divergences (orange) for several months, legitimizing the breakout.
If the count is accurate, MANA has started an A-B-C corrective structure toward the $0.45 resistance.
This horizontal and Fibonacci level coincides with the weekly chart’s long-term resistance.
The MANA price prediction for the next 24 hours is bullish. The price will likely continue to increase until it reaches at least the $0.445 horizontal resistance area.
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 April 21, 2024, MANA’s ATR was 0.082, a sign of low volatility.
The Relative Strength Index (RSI) is a momentum indicator that 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 April 21, 2024, the MANA RSI was at 47, a sign of overbought conditions.
Decentraland is a metaverse project, so let’s compare it with similar tokens.
Current Price | One Year Ago | Price Change | |
---|---|---|---|
Decentraland | $0.316 | $0.462 | -32.4% |
The Sandbox | $0.286 | $0.491 | -40.8% |
Axie Infinity | $2.37 | $7.55 | -69.2% |
Enjin Coin | $0.107 | $0.340 | -69.0% |
We examined the MANA price history and found the lowest prices on certain days, months, quarters, and 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 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 (April 14, 2024) | $0.282 |
Last month (March 14, 2024) | $0.266 |
Three months ago (Jan. 21, 2024) | $0.472 |
Last year (April 21, 2024) | $0.462 |
Five years ago (April 21, 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 April 21, 2024, MANA’s market cap was $592 million, making it the 126th-largest crypto by that metric.
On April 21, 2024, one wallet held nearly 12% of MANA’s supply.
As of April 21, 2024, the five wallets with the most MANA were:
Supply and Distribution | Figures |
---|---|
Total Supply | 2,193,179,327 |
Circulating supply as of April 21, 2024 | 1,867,255,184 (85.1% of the total supply) |
Holder distribution as of April 21, 2024 | Top 10 holders owned 61.38% of the supply |
MANA is an ERC20 token used within Decentraland to acquire land, digital goods, and services. It helps obtain non-fungible, transferable, 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. At the same time, the growth of non-fungible tokens (NFTs) convinced plenty of people 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 projects 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 interactive, decentralized online world.
The MANA cryptocurrency supports Decentraland. Users need to hold MANA to participate in Decentraland.
The Decentraland platform features 90,601 pieces of land. People can use MANA to buy these and decorate them with NFTs.
MANA holders can also vote on changes to the network, and they have the right to change their avatars. They can also participate in auctions for Decentraland’s other cryptocurrency, LAND, which helps track land ownership in Decentraland.
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.
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. Indeed, it has performed well over recent days.
Either way, you must 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.
Before deciding whether or not to invest in Decentraland, you must research MANA and other similar coins and tokens, such as The Sandbox (SAND). Most importantly, never invest more money than you can afford to lose.
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.