Decentraland Price Prediction for 2025
A Decentraland price prediction for 2025 is a tough ask.
Decentraland is a virtual world metaverse that uses the Ethereum blockchain for users to explore through the online platform. Decentraland users buy and sell digital real estate, explore, interact and play games within this virtual world.
Decentraland was launched in 2016 by Esteban Ordano and Ariel Meilich alongside Chief Executive Officer James Ashton, raising $25.5M in funding from six well-known participants in the process. Decentraland uses a cryptocurrency known as MANA, which is also its governance token and payment mode.
Environmentally Friendly NFTs
Adoption of Decentraland by users is predicted to bring companies on the platform, where they can open their stores. Another use of Decentraland is music festivals. Late last year, it is believed that 80 artists were planning to hold a concert through the platform. In January 2022, Decentraland hosted a complete virtual coverage of the Australian Open tennis tournament Decentraland is also looking in the direction of environmentally friendly NFTs.
On January 1, 2021, Mana was valued at around $0.08, and within a year, it was trading at more than $5. Now the token is hovering at just over $3. Mana has gained more than 320% in the last six months. By 2025, the Decentraland price may hit $50 if the market continues to see a good bull run. It could even hit $63.17 if longer-term investors continually hold it.
Decentraland Prediction 2025
The Decentraland price prediction 2025 will likely be around the $15 margin. This will be more than a 350% increase from the current prices. From a technical point of view, looking at the daily chart, the next significant resistance level sits at $3.5. If it breaks and continues a bullish run, the next major resistance level could be around $5.2-5.3. This would be more than a 60% price increase by the end of the year.
This looks likely based on the historic pattern of prices continually rising and the fact that it seems to be the direction the world is heading in.
However, prices could fall towards $2 and below that, as low as $0.6, based on previous support levels from a technical point of view. This seems unlikely at this point.
To conclude, Decentraland is gaining attraction from large-scale investors such as Grayscale. The fact that the Metaverse seems to be becoming increasingly popular makes Decentraland one of the best crypto investments. However, like all financial instruments, it’s subject to volatility and fundamental analysis. No one can take a crystal ball and predict exactly where it will be in three years.
Author: Emmanuel Baiden
7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.