In the year 2021, there have been a number of intriguing occurrences in the crypto world. Coinbase, the largest cryptocurrency exchange, went public, and Cardano announced cooperation with African governments. Ethereum 2.0 is also in the works, and Binance is set to launch its NFT exchange in the near future.
Decentraland is another blockchain project that deserves to be mentioned. As the first initiative of its sort in the crypto realm, it has received a lot of media attention, notably from the BBC. Will MANA, the company’s native token, profit from the mania in 2021? We’ll find out soon enough. Meanwhile, in our Decentraland (MANA) price forecast for 2021, let us first learn more about Decentraland.
What is Decentraland (MANA) and how does it work?
Decentraland is a blockchain-based virtual planet that is entirely virtual. Many people assume it to be a role-playing game, but it may be much more than that. In essence, the game allows you to purchase and sell virtual lands.
When you own property, you have the freedom to develop it into anything you desire. Have you ever fantasized of constructing a castle? Yes, of course! Do you want to make a challenging labyrinth for your friends to try? You are free to do so. Even non-fungible tokens (NFTs), which have lately gained a lot of traction, may be used in the virtual world.
Decentraland is driven by a decentralized autonomous organization, which may be found at its core (DAO). It also features its own native token, MANA, which serves as the primary means of payment for in-game goods and services.
We can now move to our Decentraland (MANA) Price estimate now that we have a fundamental grasp of what Decentraland is. Let’s not waste any more time and review the charts in our MANA price prediction with me.
Price Prediction for Decentraland (MANA) in 2021:
Bollinger Bands are a kind of band that is used to describe
MANA hit an all-time high (ATH) of $1.66 yesterday. Will it ever outperform its previous performance to set a new ATH, or not? In this Decentraland (MANA) price prediction estimate 2021, we’ll find out.
4-hour MANA/USDT chart with BB (Image courtesy of TradingView)
MANA has been on an upswing for the last four hours, according to our chart. There were a few candlesticks that crossed above or below our trend line, but the pricing remained fairly stable.
The Bollinger Bands (BB) also indicate that there hasn’t been a lot of volatility recently. This might be favorable to crypto bulls, who are always attempting to break through pre-set resistances.
If the current pattern continues, MANA might experience another ATH in the next days or weeks. Furthermore, many traders will continue to place buy orders at the psychological support level of $1.
Price Prediction for Decentraland (MANA) in 2021: EMA and SMA
So far, our MANA traders have found the 4-hour chart to be beneficial. Will the macro view, on the other hand, concur? Let’s get started on our 1-day chart in our MANA price forecast 2021 without further ado.
1-day MANA/USDT chart with EMA and SMA (Image courtesy of TradingView)
MANA is continuing to rise, as seen in the graph above. MANA has gained attention among crypto traders since the beginning of 2021, and we have observed its upward trajectory. MANA’s pricing performance is largely still heading up, despite dips.
However, we are already witnessing a plateau in the ceiling. This might point to a significant resistance level at $1.50. Traders might also be shorting their holdings. To be safe, traders should carefully assess their positions over the following several days or weeks.
We are, thankfully, still in the alt season. To MANA’s relief, more money may flood the altcoin market. If the current rally continues, MANA may shortly reach the psychological barrier level of $2. This might happen after three months of positive feeling.
MANA, on the other hand, maybe forced to undergo a consolidation phase. Traders should keep an eye on the Fibonacci retracement level around $1.20 if MANA corrects. MANA might emerge from the consolidation phase stronger than ever if the bulls maintain this level and gain a lot of strength. In 2021, at least $2 will undoubtedly be on the table.
MANA is now on an upswing, with the potential for consolidation in the near future. Our optimistic Decentraland (MANA) price projection estimate price for 2021 is $2 if the bulls win. MANA might possibly aim for $3 in early 2022.
If MANA’s firepower is reduced in the next months, the positive trend may be reversed. The price of Decentraland (MANA) is expected to range between $1 and $1.20 in 2021 and 2022, according to our cautious assessment. If this occurs, the answer to the question “Will MANA reach $5 in 2021?” is likely to be no.
Cryptocurrency Decentraland \sToken MANA \sPrice $1.43
$1,904,067,767 in market capitalization
$1,327,372,145 in Circulating Supply
$238,967,544 in trading volume
$1.60 $1.60 $1.60 $1.60 $1.60 $1.60 $1.60 $0.009 $0.009 $0.009 $0.009 $0.009 $0.009 $0.009 $0.009 $0.009 $0.00 31 October 2017
Decentraland (MANA) Price Trading Market Prediction
Beasts take pleasure in updating its predictions in response to current cryptocurrency market activity. MANA may reach $2.46 by the end of 2021, and $2.13 in 2022, according to the platform.