Decentraland (MANA) Price Prediction 2020
Cryptocurrency is evolving at a lightning-fast pace and it is continuously changing the financial sector, and does not end on Bitcoin. It seems that every few months, a new crypto platform emerges which enhances the reliability and robust nature of the digital asset economy. Investors constantly trade crypto to avail themselves of the numerous benefits of digital currencies.
Decentraland is an Ethereum based virtual reality platform where you can purchase LAND for building and monetizing. It is one of the first digital platforms owned entirely by the users. In Decentraland, you can interact with non-fungible digital assets. You can develop games, gambling services, applications, and even dynamic 3D scenes. The LAND earned from the platform can be used for both building and monetizing purposes. You need cryptocurrency tokens called MANA to purchase plots of LAND. In this article, you will learn more about MANA crypto, a Decentraland coin price prediction, and Decentraland wallet options.
MANA Cryptocurrency Review: What is MANA?
MANA is the cryptocurrency of Decentraland used to buy plots of LAND and pay for goods and services. There are specific rules regarding crypto MANA in Decentraland. Once you use MANA crypto for purchasing the LAND, the Decentraland will burn the MANA crypto coin. Each plot of LAND is sold for 1,000 MANA coins. The LAND prices may vary based on the state of the market, however. According to the most updated reports, the cheapest LAND available in Decentraland is worth 11,750 MANA, and some other popular areas carry more lavish price tags. In March 2018, the highest-selling plot was given away for 2,000,000 MANA ($175,578). It was indeed a hefty price for a virtual piece of land, yielding the seller a considerable profit.
MANA Price: What Does It Depend On?
MANA is the currency of Decentraland and to successfully invest in the platform, you should consider a MANA cryptocurrency price prediction. The more rigorous MANA coin future predictions can yield solid information regarding the risks and benefits of the platform. MANA has only become tradeable in the recent past, trading for just over a year on popular exchanges. However, trends have been bearish during this short period of time. Due to the increase in speculative trading volumes and bullish momentum in the crypto market, MANA coin predictions were also bullish.
MANA Cryptocurrency Price Prediction 2020
As of early July 2020 the Decentraland (MANA) price is $0.41, with a total market cap of $55,163,991.
A MANA cryptocurrency prediction is formed by considering multiple factors. The reason Decantraland’s price prediction has become an integral part of the crypto landscape is that it provides the trader with a clear idea regarding the position of MANA coins in the market.
Price predictions must be accurate if investors are to work out an efficient investment plan. Though there is no mechanism for predicting a crypto’s future price with complete accuracy, a good price prediction can significantly aid traders in making better decisions. According to crypto industry reports, the following are the predictions for MANA coin predictions in 2020.
By the beginning of July 2020, the Decentraland coin price is expected to reach $0.0403714. By the end of the month it may even reach $0.0398120.
The month might start with the price at $0.0392243 with maximum prediction of $0.0482008 and a minimum of $0.0327766. The month is expected to end at $0.0385607.
Decentraland MANA price might start at $0.0385607 for the beginning of the month with a maximum of $0.0472866. By the end of the month it might fall back to $0.0378293.
The October forecasted price may start at $0.0372152 and hike up to a maximum of $0.0465191.
The November forecast might start at $0.0372152 and go up to $0.0475735. At the end of the month, the Decentraland token price may reach $0.0380588.
The month may start with the price at $0.0380588 and reach up to a maximum of $0.0485890. All in all, there will be around a 16.70% change in the price by the end of the year.
MANA Long Term Price Prediction
Based on the available data for MANA price predictions, it can be stated with confidence that investing in Decentraland will be a profitable enterprise in the long term. The 2020 Decentraland price prediction chart indicates a great increase in price sa compared to the previous year. The next five years will be crucial for the platform, as we may witness many significant transformations in the Decentraland coin price. In a nutshell, investors who are planning to invest in MANA in the coming years should plan on success. According to many experts, the Decentraland coin price after five years will hover around $0.2495, an incredibly high margin of return when compared to the current price.
Where To Buy Mana?
If you’ve made up your mind to invest in MANA coins, you can buy MANA from either token trading platforms or advanced exchanges. Here is a short list of platforms through which you can buy MANA:
- Coinbase Pro
Buy MANA on ChangeNOW
Yet another efficient and reliable way to buy MANA coins is to use the platform ChangeNOW. It is an Instant exchange platform that supports both fiat money and cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and other desirable altcoins. If you want to maximize your MANA profits, consider trading on ChangeNOW. Here, you don’t have to worry about scouring the internet for the lowest exchange rates. The platform has partnered with leading exchange experts that can guide you to the lowest rates in the market. The interface of ChangeNOW is also extremely user-friendly, making it easy for traders to buy and exchange crypto.
Buy MANA coins from ChangeNOW by following the below steps:
- Visit the ChangeNOW official website’s home page.
- Go to the drop down menu where you have to enter your desired currency.
- Enter the amount you would like to deposit and click on “Exchange.”
- After clicking on Exchange, you must enter the MANA wallet address where you wish to receive the coin.
- Once you have selected the wallet address, verify all the details you have entered to ensure the data is correct.
- Simply Hit the confirm button, and you will receive your MANA coins into your account right away.
ChangeNOW is considered to be one of the most advanced crypto swap platforms existing on the market. As a non-custodial service, the exchange does not store any funds of its customers – the users have full control over their assets. Also, ChangeNOW does not require any form of account creation, which is vital to ensure the security and anonymity of the customers. Since there is no personal information stored on the platform, data breaches of this kind are of a zero possibility.
The Bottom Line
The future of the cryptocurrency landscape is undoubtedly uncertain, and it does not depend only on Bitcoin and Ethereum price fluctuations. You never know what might happen tomorrow, or how it will affect coin prices and trading processes. Price predictions have become an essential tool for serious crypto investors, and it is important to find an accurate price prediction for the coins you intend to trade. MANA offers a unique virtual reality platform. Allowing you to buy virtual LAND, develop applications, games, engage in gambling services, and more, Decentraland is opening new horizons for the crypto landscape.
The above forecasts were unbiased Decentraland Price Predictions for the year 2020, as well as over the next five years. It is important to note that the price predictions are subject to change based on market conditions, so do not take these predictions as ironclad investment advice. Instead, incorporate these predictions in your analysis of the current marketplace and invest accordingly.