forexbroker.ae logo

ForexBroker.ae > Cryptocurrencies > Decentraland

Decentraland Review: Is it legit, safe and trustworthy for UAE citizens and residents?

The vast majority of human connection and socialization that takes place nowadays takes place online. One cannot ignore the current surge in popularity of social media. The majority of individuals now manage their personal and professional interactions through their smartphones or laptop computers. The purchase of real estate using fiat cash is not unheard of, but the use of virtual currencies to acquire ownership of real estate is a totally fresh notion.

Users can now purchase, build, and monetize virtual reality applications through Decentraland, which is a platform for the game that is based on the Ethereum blockchain and features an indisputable record of ownership. The purpose of the creation of this platform was to give users an all-new level of control over the virtual land they occupy in the game.

Users of Decentraland have a greater degree of control over the environment and apps they develop on their own property as a result of this. The thoughts shared on the official social media account of the platform are continuously brought up to date with information regarding forthcoming events. Because the blockchain stores exhaustive evidence of every transaction that takes place, you can be certain that the data you save on this virtual reality platform is both safe and secure.

Whether it be highways or plazas, every single item and piece of land that is depicted in the game may be acquired using the native token that is referred to as MANA. Transferability and safety become major characteristics of the metaverse game as a result of the fact that the Land ownership is a non-fungible token (NFT) that is recorded on the decentralized blockchain Ethereum utilizing the ERC-721 standards.

Although the Decentraland project is specifically conceptualized to attract players who have aged out of the children's games, for the teenagers and young adults who seek deeper human connections based more upon socializing and transacting than on treasure hunt, the virtual world industry is still in its infancy. In January 2022, Decentraland took another step toward its goal of mass adoption by hosting a complete virtual coverage of the Australian Open tennis tournament beginning on January 17. This coverage fused the metaverse and reality, giving users the experience of live broadcasts, daily POAP's, and many other things. Let's go even farther into the price forecast and technical analysis of the Decentraland MANA cryptocurrency.

An Argentine company led by Esteban Ordano and Ariel Meilich, together with Chief Executive Officer James Ashton, established Decentraland in 2016, and it has since become the virtual world with the quickest expanding population. Decentraland was able to get finance in the amount of $25.5 million from six prominent consumers. Animoca Brands, Boost Venture Capital, Fabric Ventures, Genesis One Capital, Fundamental Labs, and George Burke are all members of this group.

The core levels of Decentraland have been constructed by the game's developers in a manner that is both highly intelligent and not overly laborious. This digital world is already in the process of being transformed into a sophisticated and interesting other reality by new initiatives and collaborations that are now being developed in the bitcoin market. These developments are expected to become widespread and addicting.

One of the investment prospects that should be considered is digital real estate, which may, for example, contribute to the creation of a utopian virtual environment. Learning new things and having adrenaline-pumping experiences are two things that investors are likely to gain from an economy built on virtual reality platforms. It is not surprising that the combination of art and craft, along with the contribution of music and visuals, will ensure that Decentraland will be a highly alternative and rewarding investment vehicle.

Technical Analysis and Historical Data for the Decentraland (MANA) Blockchain
What has to be seen here is that right from the beginning, and according to the most recent news and investment advise from crypto professionals and analysts, the currency did not exhibit any progress and lagged behind without any glimmer of hope for users. This is something that needs to be observed. This asset stayed unmoved despite the fact that innovations and changes were taking place in the blockchain technology, despite all of this, it did not budge an inch.

In December of 2017, the price of one unit of the Decentraland cryptocurrency was around $0.024 at the time of debut. Later, it made a new high and broke beyond the $0.24 threshold, but it was met with resistance and eventually returned to its earlier support levels. The price of Decentraland didn't really register any big fluctuations, and it remained inside a quite stable price range all the way up until the beginning of this year's trading. The coin proceeded to make its way through a large number of other identical coins as if it were being propelled by the power of a tidal wave.

In actuality, a boom period, also known as the bull that drove the MANA pursuit, didn't begin to materialize until December 2020, when the asset climbed up to a price of around $0.80 on Decentraland. MANA continued to exhibit the same pattern until April 2021, when its price reached an all-time high of $1.56, marking a new peak for the cryptocurrency. Despite this, the MANA continued to correct downwards after reaching a new high, and the price of Decentraland dropped below $0.65.

After that, the MANA coins marked until the end of October, at which point it recorded a significant spike that put the price of Decentraland above $3.5. After that event, the currency continued to trade with a substantial bullishness over the subsequent trading sessions. Decentraland reached a new all-time high price of $5.90 in the month of November last year. However, after reaching a new ATH, the MANA price saw a large fall, which sent the price of Decentraland down to roughly $2. After then, the cost of Decentraland will return to its previous level, which is somewhere around the $3 mark.

The values of the majority of digital coins have been exhibiting enormous volatility, and there is a substantial risk involved in trading cryptocurrencies during periods when volatility is high. Before engaging in any trading, our advice to traders is for them to conduct their own research and market projection so that they can minimize the risk that is involved. The MANA cryptocurrency, much like the majority of other cryptocurrencies, can be acquired through cryptocurrency exchanges like as Binance and Huobi Global.



According to the findings of the technical analysis, the price of Decentraland has had a historic journey throughout when compared to the prices of other digital assets, and this might be the key reason for its appeal as well. The current value of the Decentraland cryptocurrency is $3.04, and it has a market cap of $5,637,457,701.47. The 24 hour trading volume for this cryptocurrency is $1,231,000,753, and there are 1,832,129,198 MANA in circulation. The price of Decentraland has decreased by -6.09 percent in the past 24 hours. The following is a study of the MANA price provided by experts, as well as a prediction of the price of MANA on Decentraland:

The consensus of industry analysts projects that the price will be $5.3 in 2022. The MANA estimate calls for an increase of 86 percent for the current year. Similarly, despite the fact that the outlook for the MANA cryptocurrency has been quite pessimistic in the recent past, the Wallet Investor predicts that Decentraland investors will see a ROI of 450 percent from their investment in MANA over the next five years.
Investor of One's Wallet

According to our price estimate, the price of MANA will have reached $3.39023 by the beginning of February 2022. This is the price that we anticipate it will reach. According to the price forecast for Decentraland 2022, the highest trading price of MANA tokens is anticipated to be $3.43703, and the minimum trading price is anticipated to be $2.33718 in one year. The decentraland (price projection for MANA) for the year 2022 will be $3.45688.

Our analysis of the MANA cryptocurrency suggests that over the next five years, the value of the coin may increase by a factor of three. It is expected to have a clear bull run around $8 to $9, which will make it a strong investment for the long term. It is anticipated that the price would settle at around $6 by the following year.

According to our projections on the price of MANA, the token has maintained a spectacular bull run while also continuing to be very volatile. It is anticipated that the highest price will be somewhere around $5.58 in 2022. If the current upward trend in the price of Decentraland remains intact, it is possible that it could reach $16.63 in the year 2025.

Recent long-term estimates indicate that the price of Decentraland (MANA) will rise over $4.54 by the end of 2022, $6.502 by the end of 2023, and $12.82 by the end of 2026. This indicates that MANA will be a solid investment in the future.

The price of MANA Decentraland is forecast to increase to $6 in the first half of 2024, as stated by the MANA Decentraland price projection. According to the MANA coin price forecast carried out by industry professionals, the price of the coin has the potential to increase by between 46 and 120 percent over the course of the next five years.


After surmounting all obstacles, MANA is poised to create a standard for its performance, therefore drawing the attention of a significant investment community and exceeding all expectations about its overall expansion. The following is a list of the Decentraland pricing forecasts for the forthcoming years:

Taking into account that the cryptocurrency market is not likely to see any unexpected jolts in the near future, the Decentraland (MANA) token is likely to keep its dominant position as a main draw for a large number of investors and traders.

The road ahead is full of petals, according to the optimistic MANA forecast and future market capitalization, provided that investor confidence continues to boom. This will result in a major push to the Decentraland price, taking it to cross all barriers scaling above $4.8 in the market of the cryptocurrency as per our unbiased crypto forecast for the the year 2022 Decentraland MANA price prediction. Users should make investments at the present prices of the cryptocurrency market, as indicated by the current price trend and prediction, in order to make a big profit in the future. According to the projections made by industry analysts regarding the price of Decentraland, making an investment at the current price level may result in significant returns for traders in the near future. These traders would then be in a position to choose whether they should invest in Decentraland or sell it.

The price of the cryptocurrency is forecast to reach $5.1 by the year 2022, as stated by the Price prediction for MANA. It is anticipated that the price of Decentraland will continue to grow until it reaches $5.8 by the month of December. At the time of this writing, market analysts anticipate that the MANA would trade somewhere around $8 by the end of the next year. This represents a 279 percent increase from the current price.

Decentraland (MANA) has created a network that is quick and dependable, and it is designed to interact with the user experience of the product. These qualities have the potential to assist the MANA token in achieving a considerably higher price of $6.7 in 2023, which is based on our estimates for the price of Decentraland. According to our Decentraland MANA price estimate for 2023, a paradigm rush is possible for the cryptocurrency market if the push for more functioning cryptocurrencies continues until 2023.

The Decentraland MANA price estimate for the year is being analyzed here. The future of Decentraland is the subject of quite a few predictions at this time (MANA). There are not many decentraland forecasts that predict the price of MANA on the cryptocurrency market will reach $8. This is especially true when one takes into consideration the technological developments and progress the firm has designs on.

We are optimistic about the token's future growth in terms of various factors like prices, volume, upgrades, etc., considering they keep up momentum garnering a significant market capitalization, their initiatives with a focus on education, outreach, and innovations. Decentraland is also active in community initiatives, and this is one of the reasons why we are optimistic about the token's future growth. According to a price forecast made by Decentraland, the MANA token may reach a noticeable level of $10 in price after breaking over the psychological resistance level in 2025. This would be its long-term price.

If all markets were to turn positive in the year 2026 MANA, a digital asset would be on track to shatter all boundaries, perform extraordinarily well, and scale the peak as forecasted. According to our objective crypto forecast, MANA will most certainly provide its consumers some form of good fortune in the near future. The price of Decentraland (MANA) may easily reach $12.5 by the end of the year 2026, as shown by the future price projection, as well as the price trends and historical data pertaining to Decentraland's price, the price of Decentraland (MANA).


According to the price study performed by industry professionals on Decentraland, it is anticipated that the average price of MANA tokens would reach $97 by the year 2030. The future price projection for Decentraland predicts a good outlook for the year, and it is projected to trade over $80 around the time that the first half of the year comes to a close. According to the projections of the MANA cryptocurrency price, the value of the token might reach as high as $110 in the best-case scenario.

The exploration of future forecasts for the MANA coin reveals that the price will reach to the maximum price of $6 in 2023; the average price is likely to trade over $4 in 1 year. In the long run, the price is projected to reach to the highest price of $8 in 2023. MANA coin projections expect short-term growth from the current position, climbing $3.9 in the first half of 2022 and $10 in the first half of 2025, which would represent an increase of 23 percent and 215 percent, respectively, the price of Decentraland right now. According to the projections made by the Decentraland coin price forecast, the price of Decentraland is expected to show signs of improvement in the not-too-distant future, and investors may anticipate returns that show promise. It is possible that MANA will achieve new levels of success in the future, which would make it worthwhile to add it to your portfolio as a potential new investment with a nice return.

The opinions shown here are based on our projections for Decentraland, and they are not intended to serve as financial advice; the performance of the currency in the past does not always reflect how it will perform in the future. Carry out your research first before making a financial commitment to acquire Decentraland.

Is purchasing MANA coin a wise financial move? The price of Decentraland is forecast to reach $15.23 in 2027, according to our projections, which indicates that a gain in value over the long run is to be anticipated. It is anticipated that the return on investment would be roughly +368.1 percent over the course of a five-year investment, which will make it a lucrative investment. When invested in after conducting extensive market research, MANA crypto currency has the potential to turn out to be a rewarding investment. This is especially true when considering the upward trend of virtual reality and Metaverse. Traders in cryptocurrencies need to use increased prudence while investing in this cryptocurrency in order to reduce the likelihood of suffering needless financial loss.

By the year 2022, it is anticipated that the value of one MANA token will have increased to an average of $5.1, according to price forecasts. According to the Decentraland estimate, the average price of the Decentraland cryptocurrency will reach the threshold of $12 after five years have passed.

The rapidity with which transactions may be completed makes the Decentraland (MANA) initiative a very appealing option for purchasers all over the world, in addition to the offers and financial services it provides. Because it enables crypto users to perform transactions to acquire virtual space in the form of NFTs, it is possible that the price of MANA will increase in the future. This is the basis for a favorable price forecast. Because of the recent surge in interest in NFTs, Decentraland's popularity has skyrocketed in recent weeks. This, in turn, has a positive impact on the development of the platform's ecosystem as well as its value.

Decentraland is the Ethereum-based metaverse that is expanding at the quickest rate. You are free to develop your own programs, go to the worlds of other users, and even engage in economic activity to make a profit. The guaranteed speed of Decentraland is the primary motivation behind the MANA token. A decentralized platform is the only thing that can contribute to the scientific algorithm of safety while increasing speed, which, in the end, will convince masses of people to trust the platform as they watch the price of Decentraland continue to rise.

There are a lot of different platforms and software products floating around on the market right now, and a lot of them make big claims and claim to offer high levels of support, but they don't actually deliver on those promises. One of these platforms, Decentraland MANA, is one that lives up to the worth it possesses. Before making an investment, it is important to emphasize the fact that traders need to have confidence in the underlying platform in order for the price of the tokens to climb, and they should also monitor how much the value of the tokens is growing over time.

It should come as no surprise that all reputable exchanges, such as Coinbase Pro, Huobi Global, and a great many more, feature Decentraland as a virtual currency among their available options on their product menus. Trading Decentraland directly for fiat currencies such as the United States Dollar (USD), the Euro (EUR), the British Pound (GBP), and other cryptocurrencies may also be profitable on many exchanges. The block rewards program on Decentraland MANA is another way for investors to profit, and they may do so while simultaneously following the price forecast of digital assets.

We anticipate that the performance of the currency will be fairly positive, say at least for the next five years, because it has only been around for a few years. It is recommended that the price movement of MANA be examined on the crypto exchanges, and it may be watched rigorously in the market for digital coins. This recommendation is based on a price projection for Decentraland. A well-planned investment strategy can assist investors in generating a sizeable income from their holdings. Traders are urged to make their calculations following market price forecasts, resistance level, and other essential information for trading in Decentraland MANA. This suggestion should be considered in conjunction with the general guideline.

Tweets by CoinMarketCap
Tweets by CoinDesk
Tweets by FXStreetNews

In Decentraland, users have the ability to buy and sell land using MANA tokens. They also have the ability to charge other users inside the virtual platform for a service that they provide. On the Ethereum blockchain, MANA functions as a token for transactions. According to the current movement, it is one of the cryptocurrencies that has been developing at the fastest rate in recent years.

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.