MANA is a native token of the Decentraland platform. Decentraland is a decentralized virtual world where users can interact with each other, create lands, characters, games, and even art in NFT form. Even though at first glance Decentraland has a lot in common with such games as the well-known Minecraft, it has a number of significant differences. Most of the things that exist on the platform are created by the users, and also can be sold or bought with MANA.
Let’s take a look at some MANA statistics represented on coinmarketcap.com (as of 29/07/2021):
- MANA price is $0.6889
- Market capitalization is $0.09479
- Volume (24h) $110,024,925.80
- Circulating supply 1,690,654,745
- Total supply 2,194,149,927 MANA
- Max supply no data
- 24 Hour High $0.7034
- 24 Hour Low $0.6728
Decentraland is a developing platform. There are a lot of interesting features coming. For example, such things as lightning, name tags, street names are being constantly added and renovated. Undoubtedly, these things make interaction with the platform more amusing. Decentraland is also promising:
- to start supporting more languages
- to activate user moderation to keep community friendly
- to simplify communication between landowners and creators
- to enable an opportunity to get MANA tokens with the help of the on-platform exchange service, this will be possible thanks to the integration of the third-party platform
- to keep users tuned with the help of a specific application with push notifications
Crypto community about MANA
We know that new features on the platform influence its popularity and thus the price of MANA tokens. The Decentraland community seems to be very excited about anything new that appears in the virtual world. One of the most exciting moments about Decentraland is that people create a lot of things all by themselves and are able to share it with the rest of the community.
What is a better sign of a developing community than collaborations with some major brands? 30th of July is International Friendship Day. In order to celebrate it Coca-Cola is introducing an NFT loot box, the Friendship Box NFT. It has several of the following objects: the Coca-Cola bubble jacket, the Coca-Cola friendship card, the Coca-Cola sound visualizer, the Coca-Cola vintage cooler, physical Coca-Cola cooler, and a surprise item. All of these will be sold at an auction.
MANA price prediction 2021
According to the price statistics, the interest in the platform and thus in its token is rising. Unfortunately, it is not possible to make firm predictions about its price in the future, but we still can make assumptions relying on the statistics.
WalletInvestor.com offers the following statistics (as of 29/07/2021):
Minimum MANA price for 2021: $0.7303404688
Maximum MANA price for 2021: $1.070957634
Average MANA price for 2021: $0.9005091612
Year-end MANA price predictions 2021:
Minimum expected: $0.8414322581
Maximum expected: $1.182967742
Average expected: $1.012193548
Another prediction we can see at Digitalcoinprice.com (as of 29/07/2021):
Average MANA price for 2021: $1.04
Average year-end MANA price expected: $1.12
MANA price prediction 2025
The WalletInvestor.com believes that the price of MANA will continue to grow, and by the end of 2025 it may reach $5.4.
Digitalcoinprice.com offers a less optimistic forecast for 2025. Nonetheless, it also sees an increase in price up to $2.
Historical MANA price analysis
All Time High: $1.63 (Apr 17, 2021)
All Time Low: $0.007883 (Oct 13, 2017)
Decentraland appeared in 2016. In 2017 it had a $24 million ICO and for a year after that its price did not show any significant changes staying between $0.02 and $0.05. January 2021 became a changing point from which the MANA price started to grow. In February it hit $1, and in May we could witness the all time high $1.63. Unfortunately, MANA was unable to maintain this level and by the end of May the price fell to $0.6. Up until this moment, it stays pretty much at the same level.
In spite of this sad statistics, there is an opinion that Decentraland has potential due to the fact that this is an NFT marketplace, even though it is made in a playful way. The popularity of NFT is still quite high, which may draw additional attention to the platform.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.