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Decentraland Price Prediction 2021-2025: MANA $25 by the End of 2025

Decentraland (MANA) is the 3rd-largest NFT coin today. Crypto experts and analysts predict the price will continue to grow from 2021 and $25 by 2025.

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Businesses and stocks started to dive during the Covid-19 pandemic, and institutional as well as retail investors needed an alternative where they can invest their money and get valuable returns. Ever since the world was hit by the Covid-19 pandemic, digital assets started to gain importance globally. Such has been the success of the industry that today the global market cap has crossed $2.5 trillion in just one year.  

Along with the cryptocurrency market, the DeFi space also grew. The total value locked at DeFi today is more than $125 billion. Moreover, millions of Dapps are being launched on various blockchain platforms. This helped to take the price of the DeFi tokens to new heights. So why should the NFT class stay behind? NFTs, according to their supporters, are the future of collectibles and the increasing digital assets’ economy: a way for users to prove ownership of goods, whether physical or virtual, using unique digital tokens registered on the blockchain.

Introduction

One such NFT token which is witnessing a lot of popularity and success these days is Decentraland (MANA). Decentraland is the 3rd-largest NFT token today with a global market cap of $2 billion, and it’s trading at $1.47 at the time of writing. If you look at the graph, you will get a clear idea that the success of the token has been raging. Many investors assume Decentraland has a good chance of increasing its value even more. MANA crypto is viewed favorably by cryptocurrency analysts, who believe the coin has greater growth potential in the future.

MANA Chart

Hence, if you’re considering investing in the coin, this article will provide you with a long-term price forecast for Decentraland. This article will give you a quick rundown of the Decentraland price forecast for the years 2021-2025. The goal is to assist you in determining whether it is worthwhile to invest in Decentraland.

What Is Decentraland? 

Decentraland is an Ethereum-based virtual environment where you can play, discover, and engage with games and activities controlled by the users. You can also buy land and use it to build your landscapes, marketplaces, and applications. MANA and LAND are the two tokens used in Decentraland. To obtain non-fungible ERC-721 LAND tokens, MANA is an ERC-20 token that must be burned. On the Decentraland marketplace, the use of MANA tokens enables users to purchase a variety of avatars, wearables, titles, and other products.

Decentraland is a platform for content creators, companies, and individuals seeking a new creative medium, market opportunity, or source of entertainment. Besides, Decentraland aims to incorporate blockchain technology in the gaming industry. Its creators believe that every possession, even a virtual one, should belong to the rightful owner and no centralized authority should be able to enforce its will on the owner.

In August 2017, Decentraland concluded its initial coin offering raising approximately $24 million in ETH, BTC, and other cryptocurrencies. The platform has developed over time to provide interactive applications, in-world payments, and peer-to-peer networking for users.

Decentraland and the MANA NFT Token

Decentraland’s operations are governed by two types of tokens. LAND – A non-fungible token (NFT) used to determine ownership of digital real estate land parcels. And MANA – a cryptocurrency used to buy LAND as well as virtual products and services in Decentraland. The latter is the subject of this article.

MANA crypto, which also powers the Decentraland virtual network, is required for all transactions in Decentraland. The initial supply of MANA was allocated as follows: 40% was sold in the initial sale, 20% went to the group and partners (allowances that enabled immediate contact with Decentraland), 20% went to the founding team, and 20% went to the Decentraland base.

The maximum supply of MANA is fixed at 2,644,403,343. Changes to the Decentraland program are possible by a network of blockchain-based smart contacts that enable MANA owners to vote on policy updates, land auctions, and new development subsidies.

How Does Decentraland (MANA) Work?

Decentraland is also one of an increasing number of projects that make governance decisions using a decentralized autonomous organization (DAO) framework. As a result, MANA token holders have a voting right on how the Decentraland universe operates, by proposing and voting on policy changes, the details of future LAND auctions, and the types of content permitted in the Metaverse.

The app uses the Ethereum blockchain to monitor ownership of this digital property. It allows users to keep their MANA token in an Ethereum wallet to participate in its ecosystem. Furthermore, developers have the freedom to innovate within Decentraland’s platform by developing the animation and experiences that users encounter on their virtual real estate.

A Security Advisory Board (SAB) monitors the security of Decentraland’s smart contracts, reviews governance proposals, and responds to bug reports in addition to the DAO. The SAB is composed of five members elected by the Decentraland community. The board has the authority to postpone or refuse governance plans that could have a detrimental impact on Decentraland.

Decentraland (MANA) Technical Analysis

Recap: MANA Price in 2020 and Earlier

People from all over the world donated 86,260 ETH (approximately $25 million) when the MANA token was released in 2017. This was made possible by the collaboration of over 2,000 different customers.

2020 was quite a successful year for Decentraland token MANA. The year 2020 has been a significant one for the Decentraland culture. Decentraland’s contributors have made an amazing variety of features, material, and live events accessible, from the open-sourced World Explorer and DAO to the complete decentralization of the platform’s deepest layers of functionality to some awesome crowdsourced creative competitions. It started the year with a trading price of $0.08, which went to become $0.11 in January 2021. 

Factors Affecting Price of MANA 

In addition to being a creative outlet, many Decentraland users currently monetize their LAND by leasing, ads, and paid experiences. Other users make money by making and selling products on the Decentraland marketplace in exchange for MANA tokens. 

With more users and activity notifications, the Decentraland project is likely to mature. And, the MANA product will begin to deliver consumer-grade solutions. However, this will most likely take some time to complete. The network will most likely have to deal with the burden of a high PMR for some time. And with that, the price of the token will affect greatly.

MANA Price Prediction 2021

In 2021, there’s a lot to look forward to. The Decentraland developer group is working on some important additions, such as tools for creating scenes directly in-world, a desktop client to enhance efficiency and introduce native VR support, and a completely integrated L2 (second-level blockchain) solution for developers, users, and scenes. The price of the token was $0.08, and today it stands at $1.47. And that’s quite an improvement. Therefore, if we look at the charts then it won’t be wrong to say the price of the token might easily cross $2.00 by the end of this year. 

MANA should focus on improving its functionality for seamless services, and some social media factors could contribute to the token’s development.

MANA Price Prediction 2021

MANA Price Prediction 2022

With the NFT market already flourishing and people understand the potential of crypto tokens, to invest in them, one can expect a lot from this token in 2022. The upward trajectory of the token expects to continue. MANA will launch in 2022 for $4.00, and the token’s value is likely to increase if it attracts advertisers with its specifications and makes it more user-friendly. By the end of 2022, the token will be worth $9.75.

MANA Price Prediction for the Next 5 Years

When it comes to forecasting the long-term price of the MANA token, fundamental analysis of Decentraland is critical. Long-term patterns derived from years of historical price data will aid in forecasting the coming years, but the fundamental analysis is crucial. Users may increase as a result of such collaborations and innovations, and investors may be more interested in investing in it.

As the Decentraland team continues to refine their products and those products receive acceptance from the target audience, one can believe the price of MANA will drop to the $10-$25 range between 2022 and 2025. This MANA price forecast is based on multiple data sets and statistical modeling, with the assumption that the current long-term trend driving the price of MANA continues to rise with no significant setbacks.

Decentraland (MANA) Price Prediction by Market 

Decentraland, like every other cryptocurrency, has a high level of uncertainty. This is why it’s useful to be able to forecast MANA’s price and trade accordingly. And, as investment pours in steadily, the majority of cryptocurrency market forecasts are optimistic. Here are a few forecasts by some platforms.

DigitalCoin Price

According to the site,  Decentraland (MANA) price will not be downward based on our estimated prediction. In one year, the price of one Decentraland (MANA) could rise to $2.38, nearly doubling from the current price. It also predicts that by the end of 2022, the price of the token will stand at $3.19. They also mention that Decentraland (MANA) is a profitable investment based on our forecasting.

Wallet Investor

The site says MANA can be a lucrative investment choice if you are searching for virtual currencies with a high return. On 2021-05-08, the price of Decentraland was $1.469. If you purchase Decentraland today for $100, you will receive a total of 68.078 MANA. The price estimate for 2026-05-02 is 5.387 US Dollars, based on our projections of a long-term rise. The revenue is estimated to be around +266.71% after a 5-year investment. In 2026, your present $100 investment will be worth $366.71.

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CoinQuora

MANA, according to CoinQuora, is in a bullish uptrend. In the best-case scenario, this might also result in a market breakout. MANA must also break through the Fib retracement stage at $1.8 in the short-to-medium term scenario for their 2021 MANA price forecast. It must first develop further support at the Fib level of $1.59 to do so. Bears will gain the upper hand and drag MANA to their territories if this does not happen.

TradingBeats

By the beginning of September 2021, the Decentraland price is expected to hit $1.89945. The highest estimated price is $2.39405, with a minimum price of $1.62795. The end-of-month price forecast for Decentraland is $1.91524. The site also says that the crypto might close the year at $2.46. 

Conclusion

Since the cryptocurrency market is highly unpredictable and difficult to forecast in the long run, researching the dynamics and development of Decentraland is critical before deciding to invest some amount of money in the long term to keep for months or years. It’s critical to consider risk and reward when determining if Decentraland (MANA) is a good investment for you. We can forecast MANA prices in the short and long term, but expectations for each must be realistic. Based on the fundamentals of the Decentraland project, we believe MANA will soar in the long run.

And if we look at the charts now, we can say that the future of crypto looks quite happening. The market cap is increasing at a good pace. And with almost all analysis and chart experts in favor of the token, MANA can be called a good investment for years to come.

#Decentraland #DeFi #MANA Token #NFT token #NFTs

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Source: https://www.cryptoknowmics.com/news/decentraland-price-prediction-2021-2025-mana-25-by-the-end-of-2025

Blockchain

SOL Attempts to Find Support After Breakdown

Solana (SOL) has been increasing since bouncing on May 19. 

The post SOL Attempts to Find Support After Breakdown appeared first on BeInCrypto.

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Solana (SOL) has been increasing since bouncing on May 19. 

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However, it has broken down from the trendline of its upward movement and is showing several bearish signs.

Ongoing SOL bounce

SOL has been increasing since bouncing on May 19. The upward movement continued until a high of $44.2 was reached on June 7. The high coincided with the 0.618 Fib retracement resistance level (black).

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While the token has been decreasing since, it has managed to hold on above the $36 support level, This area previously acted as resistance on May 26.

Despite being above support, technical indicators are gradually turning bearish. The RSI is in the process of crossing below 50 and the MACD is almost negative.

SOL daily movement
Chart By TradingView

Current breakdown

Cryptocurrency trader @Altcoinsherpa outlined a SOL chart, stating that until the token moves outside the current range, the direction of the trend cannot be determined.

SOL Range
Source: Twitter

The resistance area of the range is the same as the previously outlined $36 resistance area. On the other hand, the closest support is the 0.5 Fib retracement (white) support level at $31.5.

There are several bearish signs in place. First, the upward movement looks like an A-B-C corrective structure, since it is a three wave instead of a five wave structure. Second, SOL has broken down from an ascending support line and validated it as resistance afterwards.

Finally, technical indicators are bearish, similarly to those in the daily time-frame.

Therefore, a decrease towards the $3.50 support area and potential breakdown are likely.

SOL Support Breakdown
Chart By TradingView

SOL/BTC

The SOL/BTC chart has some similarities to its USD counterpart. It has broken down from an ascending support line and is trading just above the horizontal support level of 92,000 satoshis.

In addition, technical indicators are bearish. This is especially evident by the imminent bearish cross in the Stochastic oscillator (red icon).

Therefore, a drop to this area and potential breakdown could transpire.

SOL/BTC Movement
Chart By TradingView

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo.
In 2019, he decided to focus full-time on cryptocurrencies and trading.

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Source: https://beincrypto.com/sol-attempts-to-find-support-after-breakdown/

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DGB Technical Analysis: Support Levels of $0.0489, $0.0468, and $0.0441 Will be Tested

DGB price has tested and fallen below the 23.6% FIB retracement level of $0.0503. It may soon fall below the FIB retracement level of $0.488. Thereafter, we have to wait and watch if the price retests and breaks out of these levels.

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DigiByte is an open-source blockchain creation platform. It was started in 2014 on the nodes of bitcoin. It was originally built to improve security, capacity, and transaction speed than blockchain. Also, DGB uses five separate algorithms to maintain privacy and prevent miners from getting too much power. The following DBG technical analysis will predict the price trends for the next few days:

Past Performance

On June 12, 2021, DGB opened at $0.06. On June 18, 2021, DGB closed at $0.05. Thus, in the past week, the DGB price has decreased by approximately 16.28%. In the last 24 hours, DGB has traded between $0.483 – $0.548.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/06/dgb-technical-analysis-support-levels-of-0-0489-0-0468-and-0-0441-will-be-tested.png

https://www.tradingview.com/x/p61sR6IE/

Day-Ahead And Tomorrow

Currently, DGB is trading at $0.0491. The price has decreased from the day’s opening price of $0.054. Thus, it seems like bears have taken control of the market.

READ  US SEC Accuses Ripple of Violating Investor-Protection Laws

The MACD and signal lines are in the negative zone. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish. Hence, the DGB price may decline further.

Currently, the RSI indicator is at 34%. It faced rejection at 52.84% and has fallen straight to this level. Thus, it indicates that the selling pressure is high in the market. We have to wait and watch if buying pressures become strong enough to bring about a bearish trend reversal.

The OBV indicator is downward sloping. Thus, selling volumes are higher than buying volumes. High selling activity will exert downward pressure on the DGB price.

In short, when we look at all three oscillators, we can say that the price may continue to fall. However, we cannot rule out the possibility of a trend reversal.

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DGB Technical Analysis

Currently, the price is below the second Fibonacci pivot point of $0.0503. If the bears remain strong till day end, then the price is likely to fall below the first, second, and third support levels of $0.0489, $0.0468, and $0.0441, respectively.

The price has tested and fallen below the 23.6% FIB retracement level of $0.0503. It may soon fall below the FIB retracement level of $0.488. Thereafter, we have to wait and watch if the price retests and breaks out of these levels.

#DGB #DigiByte

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Source: https://www.cryptoknowmics.com/news/dgb-technical-analysis-support-levels-of-0-0489-0-0468-and-0-0441-will-be-tested

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Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End

ada price jump (1)

The post Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Cardano Price Massive Rally Ahead! Bitcoin fell on Friday, surprising investors who had anticipated a rebound. As Bitcoin prices began to fall, Ethereum also followed suit. Cardano price has been falling in tandem with the flagship crypto, and it is on the verge of more declines. ADA began the day with a mixed performance. It …

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Cardano Price Massive Rally Ahead!

Bitcoin fell on Friday, surprising investors who had anticipated a rebound. As Bitcoin prices began to fall, Ethereum also followed suit. Cardano price has been falling in tandem with the flagship crypto, and it is on the verge of more declines.

ADA began the day with a mixed performance. It must find support if it is to gratify optimistic investors by breaking over resistance at $1.60. There is lower-level support at $1.20 and $1.40, and traders will need to wait for a buying signal before entering.

This week, the first-ever Plutus smart contract went live on testnet, as part of Cardano’s continuous enhancements. While Cardano’s improvements have been positively received, ADA has been struggling due to market corrections. The network went through the Mary hard fork in March, bringing native multi-asset functionality to the Cardano ecosystem. 

Ultra Bullish Predictions for ADA Price!

In a post to his 134,000 Twitter followers, the crypto expert known as Capo stated that he is quite optimistic about ADA. He predicted last Sunday that Bitcoin, Ethereum, and Cardano are still “very likely” to reach $100K, $10K, and $10 by the end of the year. The trader went on to share that ADA is one of his biggest crypto holdings, and considers it to be superior to Bitcoin and Ethereum.

Capo forecasts a 156% increase in Bitcoin, a 302% increase in Ethereum, and a huge 557% increase in Cardano. ADA, which began the year with a positive trend, reached an all-time high of $2.4 in May 2021, before plummeting dramatically when the market fell.

The crypto influencer, who has been super bullish on Cardano for quite a while, said that $ADA remains one of the largest holdings in his portfolio.

The Bitcoin Dominance Index, according to Capo, may continue to decrease until October. This downward trend may force altcoins to make significant gains in the coming months. Because most ALTS have had large market corrections against Bitcoin in recent weeks, Capo believes that a pullback presents an opportunity to purchase the dip.

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Source: https://coinpedia.org/price-analysis/cardano-price-ada-price-massive-upswing/

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Ethereum’s London hard fork set to hit testnets on these dates

The world’s largest altcoin, Ethereum, is trending in the news today following its most recent development. As per the same, the much-anticipated London hard fork will soon be making its way to Ethere

The post Ethereum’s London hard fork set to hit testnets on these dates appeared first on AMBCrypto.

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The world’s largest altcoin, Ethereum, is trending in the news today following its most recent development. As per the same, the much-anticipated London hard fork will soon be making its way to Ethereum testnets.

According to a blog post released by the Ethereum Foundation, Ethereum core developer Tim Beiko has announced the set block heights for three testnets – a key penultimate step toward a full mainnet launch. London will go live on the Ropsten testnet around 24 June, followed by Goerli on 30 June, and Rinkeby on 7 July.

The aforementioned blog added,

“As of now, only the testnets (Ropsten, Goerli, Rinkeby) have been scheduled for London. Once the upgrade has successfully been activated on these networks, a block will be set for the Ethereum mainnet and be communicated on this blog and in other venues.”

This upgrade falls in line with Berlin, which was activated a few months ago on the Ethereum mainnet.

Furthermore, the hard fork will include five Ethereum Improvement Proposal (EIP) upgrades which are amendments to the blockchain’s code that must be broadly agreed upon by community members before adoption. These include,

The EIP-1559: Fee market change for ETH 1.0 chain.

EIP- 3198: BASEFEE opcode

EIP-3529: Reduction in refunds

EIP-3541: Reject new contracts starting with the OxEF byte

EIP-3554: Difficulty Bomb delay to December 1st, 2021

Moving on, the famed yet controversial update EIP-1559 remains the major highlight in the aforementioned list. The said upgrade is expected to reduce gas costs for users significantly BUT also might deduct around 50% of miner revenues. This was one of the reasons why it sparked a ‘miner revolt‘.

On the other side, the blog portrayed the change as,

“The decentralized nature of blockchain systems makes a network upgrade more difficult. Network upgrades in a blockchain require cooperation and communication with the community, as well as with the developers of the various Ethereum clients in order for the transition to go smoothly.”

At the time of writing, Ethereum was trading around the $2,238 price level with a correction of about 4.2% in the past 24 hours.


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Source: https://ambcrypto.com/ethereums-london-hard-fork-set-to-go-live-on-testnets-on-these-dates

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