Price Predictions

Decentraland MANA Price Prediction: Will MANA Price Rebound to Hit $10 in 2022?

MANA Technical Analysis

Key Takeaways

  • The MANA price closed the previous day’s trade at $2.58 with a market capitalization of $4.46 billion with a circulating supply of 1.83 billion MANA
  • After a steep fall, the MANA price recovered finely, yet still expected to face a minor rejection to its previous levels

Decentraland Price Prediction: Will MANA Price Hit $20 in 2022?

Decentraland(MANA) prices had a blast during the NFT boom in November 2021. The price rose more than 764% including a single-day spike of more than 266%. However very quickly, the MANA price fell into a deep bearish well which slashed the price by more than 60%. However, the asset is currently attempting to halt the bearish trend and ignite a strong recovery at the earliest. And considering the present market trend, the asset has already begun accumulating gains and with a strong push may ignite a recovery very soon. 

Bearing in mind that the MANA price may continue to hover at the same pace, it may end up trading around $4 to $5 by the end of Q1 2022. As the market trends are expected to remain to chop around sideways, no major trend may be encountered until the end of Q1 2022. And later in the case, the price gets a larger boost due to a trend reversal in the market, then it may range high surpassing its ATH to achieve a double-digit figure very soon. 

Additional Read: Decentraland(MANA) Vs Axie Infinity(AXS)

Decentraland Price Analysis: How High Will MANACrypto Price Go in 2022?

Throughout the bull run, the MANA price maintained a notable strength and pace which helped the rally to achieve greater highs. Also, it is a known fact that the NFT craze remained limited to time which quickly faded. Moreover, with the beginning of 2022, not only NFTs but the DeFi and the traditional cryptos also witnessed a tough phase. Most of the assets remained consolidated and unable to utilize their gained strength to surge above the initial levels. 

Currently, the MANA price is below 60% from its highs and more than 30% from the beginning of 2022. And hence the strength gained from the current accumulation may uplift the price to its initial levels close to $4 throughout the next fortnight or a month. And hence by mid of 2022, the MANA price may hover close to its ATH but may not surpass it easily. 

However, the bulls are expected to enter at the right time and one can expect a notable rally towards the north in the second half of 2022. And hence the MANA price may also be deeply impacted and may surge beyond the ATH to hit levels close to $6. The journey after forming a new ATH is not always easy as the bear becomes proactive to extract their profit with a minor spike. And hence fighting with all the odds, if the asset maintains a decent uptrend, then it may hit a double-digit figure by the end of 2022. 

Decentraland Price Analysis: MANA Price Table (Last 30 Days) 

Date All-Time High All-Time Low Market Capitalization
24 February 2022 $2.69 $2.19 $4.46B
23 February 2022 $2.81 $2.54 $4.91B
22 February 2022 $2.65 $2.38 $4.65B
21 February 2022 $2.95 $2.45 $4.86B
20 February 2022 $2.88 $2.61 $4.99B
19 February 2022 $3.03 $2.81 $5.27B
18 February 2022 $3.17 $2.90 $5.43B
17 February 2022 $3.38 $3.00 $5.81B
16 February 2022 $3.40 $3.16 $5.89B
15 February 2022 $3.34 $2.83 $5.83B
14 February 2022 $2.89 $2.71 $5.25B
13 February 2022 $2.98 $2.75 $5.12B
12 February 2022 $3.01 $2.81 $5.47B
11 February 2022 $3.27 $2.85 $5.80B
10 February 2022 $3.36 $3.08 $6.07B
09 February 2022 $3.54 $3.25 $6.09B
08 February 2022 $3.49 $3.11 $5.84B
07 February 2022 $3.45 $3.21 $6.17B
06 February 2022 $3.93 $3.01 $6.06B
05 February 2022 $3.10 $2.77 $5.39B
04 February 2022 $2.81 $2.57 $5.02B
03 February 2022 $2.68 $2.44 $4.80B
02 February 2022 $2.74 $2.48 $4.70B
01 February 2022 $2.89 $2.65 $4.95B
31 January 2022 $2.85 $2.36 $5.09B
30 January 2022 $2.56 $2.35 $4.4B
29 January 2022 $2.41 $2.27 $4.28B
28 January 2022 $2.31 $2.16 $4.07B
27 January 2022 $2.34 $2.03 $4.07B
26 January 2022 $2.36 $2.06 $3.84B
25 January 2022 $2.17 $2.00 $3.84B
24 January 2022 $2.14 $1.81 $3.58B

Additional Read: Is MANA a good investment?

Decentraland Price Prediction: MANA Price Trend Comparison with SAND   (Last 30 Days)

Decentraland and The Sandbox are considered as one of the tough competitors within the NFT space. The rallies ignited the massive NFT boom in Q4 2021 which witnessed a gigantic surge of most of the tokens. After hitting the ATH during the boom, most of the tokens experienced a drastic fall which extracted nearly 80% of the value and MANA & SAND are among them. Despite the fall being much similar, the recovery of both the tokens was pretty diversified.

Source: Tradingview

As mentioned before, the MANA & SAND price ignited a deep fall since the assets hit their ATH at the end of 2021. However, the MANA price ignited a quick rally and recovered with notable gains in a very short while. No doubt the assets yet again plunged, still MANA had a strong bounce-back compared to that of SAND price. Currently, the SAND price is down by more than 47.8% from the average value while the MANA price is 24.78%. And hence Decentraland follows a quick bounce post each slash by igniting a quick recovery. 

Decentraland Price Prediction 2022: Search Trends (Last 30 Days)

Note: Google Trends is a representation of users’ search behavior. It is a chart showing the user’s search volume which is capped to an upper limit of 100. The chat shared below is a comparison of the most searched keywords in a stipulated time frame.

Source: Intotheblock

As mentioned before, the MANA price since the beginning of the year 2022 has had a pretty descending trend. A major reason behind this appears to be the shift of focus of the traders from the asset, specifically from the entire NFT Space.  However, despite the drop in the value of many NFTs, people followed the asset, its price, upgrades, etc very closely as the NFT maintained a decent search volume above 70 since the beginning. And hence indicating the interest of the people being constant over the asset despite the price plunge and throughout the consolidation phase. 

 Correlation of MANA/USDT and MANA/BTC (Last 30 Days)

Source: Tradingview

The MANA/USDT pair is currently becoming extremely volatile as from the past month the asset is swinging within huge margins. The price ranged from as low as -45% from its average range to -5% and yet again plunged close to -35% during the previous day’s slash. However, with the recent rebound, the MANA/USDT has recovered to now is away by nearly 24% from its average values. 

On the other hand, MANA/BTC showcased some strength and maintained its value around 20% away from its average range. However, with the recent bounce, the MANA/BTC had spiked high to surpass the average levels and hover above 15%. However, the recent slash dragged the price to -1% which may be recovered any time from now. 

Decentraland Price Prediction 2022: Latest MANA coin News in February 2022

The Wall-Street Bank opened a Lounge on Decentralalnd 

One of the largest US banks, JPMorgan called Onyx Lounge exploring the business opportunities in the metaverse. 

Source: JP Morgan Blog Post

Decentraland Introduced A DAO to build more Transparency

The platform introduced a Decentraland DAO Transparent Operating System (OS) aiming at 3 main aspects, Easy consumable information, Easy auditable data & reports, and Easily modifiable reports. 

Source: Decentraland Blog Post

Additional Read: NATO & Ukraine-Russia Crisis Impact on Crypto Investors

Where & How to Buy Decentraland MANA coin

Want to buy NFTs, DeFis, or any of your favorite crypto assets, then CoinDCX is the best option. Besides being India’s most trusted cryptocurrency exchange, CoinDCX is also the country’s first Unicorn in the crypto space. And hence recently achieved a milestone of 1 Crore users on the platform. To be a part of CoinDCX, just follow 3 simple steps,

  • Download the CoinDCX App on your smartphone
  • Enter the required details like Name, Mobile number, address, bank details etc. 
  • Once the platform verifies, fund your wallet and buy your desired crypto

Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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