The recent news in the cryptocurrency market revolves around Decentraland and its native cryptocurrency - Mana Coin. Analysts are making price predictions for MANA for years 2024, 2025, and 2030, with many speculating if it could reach $1 this year. BlockDAG, a pioneer in the DAG chain, is expected to generate a 20,000x ROI, amidst rising prices of Decentraland and Chainlink.
MANA continues to gain attention with increased focus on the metaverse, where cryptocurrencies are increasingly gaining value. Decentraland offers perpetual contract trade ideas linked with Tether US. Post the launch of BlockDAG, Bitcoin has been rallying with predictions that MANA will have a favourable price outlook in 2024.
MANA is also breaking out along with a Litecoin price surge, while some new meme coins remain bullish. Certain coins priced in cents, including MANA, are predicted to reach $1. The crypto market for metaverse tokens like MANA is regaining momentum, with several tokens showing promising growth.
Simultaneously, some analysts argue for alternative tokens like Pushd (PUSHD) over Decentraland, while others eyeing a bullish trend in MANA's price this month. A major whale has reportedly turned to MANA, SAND, and GALA utilising PEPE's gains.
Furthermore, predictions suggest that if MANA continues its bullish trend, the price could potentially reach $1. However, others believe Decentraland might not keep pace with newer projects, and it is currently trading below the price predicted for March 2024. Other speculations hint at the probability of SEC classifying MANA as a security, leading to a decrease in its value.
Despite this scenario, MANA is still attracting a purchase interest from investors, and people unrelated to the metaverse are even looking for guides on how to buy MANA. Therefore, the price of MANA could be expected to have undulating movements based on these varying factors.
Rating -1