Brief History

• The coin was launched on February 20, 2020.
• MANA, which started with an average price of $0.026, is now trading at $4.7 and has a market cap of over $8 billion (as of November 30, 2021)
• Notable investors and companies, including Bitcoin Suisse, Atari and Barry Silbert, have also shown interest in MANA.

First things first!

• Before we start digging for price forecasts, let’s explore the factors that might affect MANA. Of course, many factors may affect MANA current price before it hits high targets, including regulations, demand and supply, the integration of virtual reality, the connection between gaming and blockchain, and any huge announcements on social media.

Key factors about mana

• Decentraland offers users an easy entry point, complete ownership and freedom, 100% decentralisation, and a variety of assets
• Decentraland has the backing of numerous huge companies that are interested in the project, including the gaming giant Atari and large groups like Digital Currency Group, CoinFund and Bitcoin Suisse

Is Decentraland for Free?

- Yes, almost anyone can register, create an avatar and have a glimpse of the world of Decentraland for free. However, to fully take advantage of its features and daily rewards, you need a crypto wallet and MANA tokens to keep all the names, LANDs, and collectables safe

What Are Decentraland’s Tokens?

MANA is an ERC-20 fungible token used to pay for avatars, LAND, services, accessories and others in the virtual world. As we know, ERC-20 tokens are built on the Ethereum blockchain, ensuring high safety and functionality. LAND is an ERC-721 non-fungible token that is used to indicate land and real estate ownership in Decentraland via an Ethereum smart contract.

How Many MANA Coins Are There in Circulation?

Initially, MANA had a total supply of 2.8 billion tokens, which was reduced to due to LAND auctions and MANAs being burned, meaning spent. The current circulating supply as per CoinMarketCap is around 1.8 billion coins. Interestingly, MANA was also set to inflate during the years, but inflation is now disabled.  Given the high interest in the project and virtual reality, especially amid the pandemic, MANA has excellent liquidity and can be purchased on many exchanges, which helps MANA trades increase.

Short-Term 2022

Some technical analysts are  optimists, claiming that the year 2022 will be a bullish year for MANA, with the possibility to hit $10 per coin and even race up above $50 per coin.

Long-Term 2023-2028

Experts share optimistic forecasts, with some believing that MANA will remain relatively steady for 2023-2028, with prices starting at $6.17 in 2023 and spiking up to $12.75 in 2028. According to some more bullish MANA price forecast data, MANA price is expected to reach $36.41 in 2023 and $134.20 in 2028.

What Will MANA Be Worth in 2030

While nobody can predict the market, long-term predictions concerning MANA are highly positive. Some believe that the metaverse token will reach $100 and continue to soar, stopping at a maximum price of over $252 in 2033.

With certain partnerships and the expansion of virtual reality, MANA may even reach new highs. Crypto YouTube channel Crypto Scope even reveals a more extreme bullish prediction claiming that MANA is expected to reach a new ATH of $300 per coin.