Decentraland Price Prediction: Will MANA Price Create A New ATH At $10 In 2022?
by Sahara sheikh / 102 views
The fast-paced world of cryptocurrencies has been spreading its wings towards diverse sectors, such as metaverse and NFTs. Talking about metaverse, Decentraland has been an ace player in the sector. To novices in the business, Decentraland is one of the efficient virtual reality platforms powered by the Ethereum blockchain.
Talking about returns MANA’s price is up 28,585.6% since its all-time-low. With Decentraland’s growing prominence in the industry, with its expensive land sales, growing events. Marketers are curious about the price predictions of MANA in the near future and for the long term. Are you one of the curious minds? Join in as we decode the price forecasts of MANA for 2022 and the years to come
The digital asset had made its way to 2022, whilst moving in a sideways trend at $3.241. MANA was seen moving sideways with interim touchdowns to its support at $2.649 until the 20th of January. Post which the price plummeted to $1.775, on the 22nd of January. Which has been the quarterly bottom.
Whilst the numbers did pick up pace reaching $3.58 by the 10th of February. Torrential torments coming in from geopolitical tensity between Russia and Ukraine. And other events such as FED’s rate hike have pushed the projections to a narrow band closer to the support levels. That said, MANA had closed its trade for the first quarter at $2.45.
Decentraland (MANA) Price Prediction For Q2 Of 2022
If Decentraland’s MANA picks up steam from its price tag of $2.65. The digital asset could end its trade for April, with a price tag of $2.944. A notable rise from which could land the price at its potential high of $4.570. On the flip side, bearish trends could land the price at $2.909. That said, average buying and selling pressures could limit the price to $3.652.
MANA’s Forecast For Q3
An escalating continuity from the second quarter could help MANA price close its quarterly trade at $5.823. If the digital asset falls prey to any negativity or a crash in the market, the price could lower to $3.221. That said, regular buying and selling pressures could land the price at $4.051.
MANA’s Price Prediction For Q4
Decentraland could possibly make the most out of the final leg of the final quarter. With the holiday season being around, the platform could be a host of exciting events. As a myriad of brands conduct consumer events. A partnership with any major brand could propel the price to a new ATH of $7.21, by the year-end.
Whilst usual trades without any major event could welcome an average trading price of $5.908. If the bears outweigh the bulls, the price of the digital asset could remain clutched below $4.870.