The market outlook for Decentraland (MANA), the ERC-20 standard token used within the virtual reality platform Decentraland, is gaining significant attention with price predictions being made for 2024, 2025, and 2030. Some analysts believe that the price of MANA could reach $1 soon. This optimism is further fueled by the recent trends in the Blockchain Directed Acyclic Graphs (BlockDAG), Chainlink, and other digital currency markets.
The surge in popularity of metaverse-based coins is influencing the price of MANA, with notable strides being made in the gaming crypto sector. Other coins, including SAND and GALA, are also seeing price surges, buoyed by profits gained through stakeholding. These developments are seen to be encouraging predictions of significant upsides for altcoins, particularly gaming tokens and metaverse-native currencies in the coming years.
Despite potential competition from newer projects like Ordi and Raboo, experienced investors are eyeing game-Fi tokens like SAND, MANA and GALA for future profits. The likes of Ethereum (ETH), Axie Infinity (AXS), and Decentraland (MANA) are showing growth in the face of new challengers like KangaMoon (KANG).
However, looming threats such as anticipated Securities and Exchange Commission (SEC) regulatory actions could affect the price negatively. On a positive note, the Decentraland teamβs focus on a desktop client upgrade for 2024 might foster a recovery from recent monthly price drops.
Meanwhile, a shift of investors from well-established cryptos like Worldcoin (WDC) and Decentraland (MANA) to emerging ones such as Pullix (PLX) is being observed. There is also a growing interest in under-the-radar cryptos that have the potential to offer significant ROI by 2025. Nonetheless, Decentraland (MANA) continues to be a darling for whales, thus maintaining its upward trajectory.
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