Decentraland (MANA) Token Price Prediction in 2022
ScienceLovers - Discussing the metaverse in the crypto industry, of course, we will look at one of the biggest projects, namely Decentraland (MANA), which continues to show good performance throughout 2021.
Decentraland Token Price Prediction (MANA)
Decentraland has now become one of the most anticipated metaverse platforms by investors because of its slick performance over the past year.
Getting funding from institutional investors, the token price has appreciated fantastically which gives early investors a quick return.
Continuing to be well developed, this platform has also succeeded in attracting many big names to enter its virtual world, namely Samsung, which has opened its virtual office in Decentraland.
Its main token, MANA, has a very central role in the platform, the need for which continues to increase as users and games develop on it.
The avatar needs of the players will also need MANA tokens, so the number of new users will create more growth opportunities due to the supply and demand mechanism.
Technical Analysis View
Recently, the price has been re-ejected from the main support area which is the initial basis for investors' confidence in the MANA token.
Looking at the future prospects of the platform, bulls still overshadow the long-term prospects of this token. So, to form a more confident footing, the price level of US$3.2 needs to be broken, aka a breakout.
If the increase is according to the analysis, then another potential target to be achieved in an attempt to increase is US$4.
Non-Technical View
Then, what non-technical factors can bring Decentraland to continue to grow?
From a marketing perspective, this project has a better strategy than several similar projects. In addition, its financial services are also commendable.
The popularity that has been achieved still seems to make this project shine in the eyes of investors. So, it still looks like it has the potential to attract new users and investors.
With the ability to allow players to make purchases digitally, Decentraland has built its own fundamentals for its token, MANA, to grow.
Metaverse itself is still considered to be at an early point in its growth. Thus, it is still far from finished, which means, there are still many opportunities for the projects in it to gain even greater growth. Massively, of course.
