Decentraland Price Prediction
(MANAUSD)$0.449$0.343 (-0.07%)Market Stats and Forecasts
Decentraland Description
Decentraland (MANA) is a well-known decentralized VR (virtual reality) world that is powered by Ethereum blockchain. In this VR world, you can buy land, build it and monetize. Now, the question is how Decentraland is different from other VR projects. The answer is simple: Decentraland is decentralized by nature. The Land and in-game currency are powered by the Ethereum blockchain which provides users transparency and complete ownership. MANA is the native currency in Decentraland ecosystem.
This is an ERC-20 token powered by the Ethereum blockchain. MANA tokens can be traded on several reputed centralized exchanges, decentralized exchanges and swap services. Safety is one of the prime concerns when it comes to token trading and holding. Since MANA is an ERC-20 token you can store it in any Ethereum wallet safely. To stay secure, we recommend using a hardware wallet such as Ledger or Trezor. If you want to interact with the Decentraland smart contracts, then you must opt for wallets such as MyCrypto, MyEtherWallet and Metamask.
When it comes to the use cases of MANA, they are not just limited to land ownership. Users can purchase different game items within the Decentraland marketplace. You need to spend MANA tokens for every transaction that happens in this marketplace. Decentraland is evolving rapidly, and the potential use cases of the MANA also attract users towards it. The growing demand for this token clearly says that it has the potential to become one of the successful crypto tokens in the future. Regarding investment, this token can be a game changer for your portfolio, but consider it as per your risk-taking ability because the crypto market is volatile and uncertain.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Decentraland, Our analysis, guided by the machine learning experts, yields forecasts for Decentraland price trajectory up to 2024. With a comprehensive understanding of Decentraland historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.71%.
For the year 2024, our analysis indicates a projected yearly low of $0.406, with the high anticipated to reach $0.629. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-27 | 0.43 | 0.439 | 0.452 | -2.25 |
| 2024-07-28 | 0.43 | 0.449 | 0.466 | -0.10 |
| 2024-07-29 | 0.449 | 0.454 | 0.463 | 2.10 |
| 2024-07-30 | 0.445 | 0.464 | 0.482 | 3.22 |
| 2024-07-31 | 0.449 | 0.454 | 0.463 | 2.09 |
| 2024-08-01 | 0.44 | 0.449 | 0.462 | 0.97 |
| 2024-08-02 | 0.44 | 0.454 | 0.467 | 2.08 |
| 2024-08-03 | 0.445 | 0.464 | 0.482 | 3.20 |
| 2024-08-04 | 0.449 | 0.454 | 0.463 | 2.06 |
| 2024-08-05 | 0.445 | 0.464 | 0.482 | 3.19 |
| 2024-08-06 | 0.454 | 0.469 | 0.483 | 5.46 |
| 2024-08-07 | 0.459 | 0.469 | 0.483 | 5.46 |
| 2024-08-08 | 0.469 | 0.484 | 0.498 | 6.62 |
| 2024-08-09 | 0.474 | 0.484 | 0.494 | 8.96 |
| 2024-08-10 | 0.464 | 0.479 | 0.498 | 7.76 |
| 2024-08-11 | 0.469 | 0.484 | 0.498 | 7.76 |
| 2024-08-12 | 0.484 | 0.5 | 0.514 | 10.14 |
| 2024-08-13 | 0.479 | 0.489 | 0.499 | 8.92 |
| 2024-08-14 | 0.484 | 0.494 | 0.504 | 10.12 |
| 2024-08-15 | 0.48 | 0.495 | 0.515 | 11.33 |
| 2024-08-16 | 0.485 | 0.5 | 0.515 | 12.56 |
Decentraland Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Decentraland is forecasted to achieve its peak value in 2025 at approximately $0.93, while potentially dipping to a low of $0.473. The average trading value during this period is projected to hover around $0.841.Decentraland Price Prediction 2026
In 2026, Decentraland is anticipated to potentially reach its peak value of $1.36, with a possible lower value of $0.704. The average trading value for this period is estimated to be approximately $1.19.Decentraland Price Prediction 2027
As we look ahead to 2027, the trajectory of the Decentraland coin may offer investors unexpected turns. Projections suggest peaks hitting $2.01 and lows stabilizing around $1.06, with an average trading value resting near $1.77.Decentraland Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Decentraland coin. Projections point towards a maximum value of $2.83, a minimum of $1.56, and an average value of approximately $2.49.Decentraland Price Prediction 2029
Our market analysis indicates optimistic prospects for the Decentraland crypto in 2029, with projected peaks at $4.61 and floors at $2.23. Moreover, the average trading value of this coin is anticipated to hover around $4.12.Decentraland Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Decentraland token. Projections indicate highs near $7.03, potential lows around $3.68, with an average value of about $6.25.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.343 by the Jul 27, 2024. The Relative Strength Index (RSI) stands at 1.0380, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About mana
Decentraland Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Decentraland is predicted to surge by 7.35% to $0.464 by Jul 30, 2024, though current indicators show a Bearish sentiment with 16 out of 30(53%) green days and a notable 1.06% price volatility over the past month.
