The broad narrative about Decentraland's cryptocurrency, MANA, is quite mixed. Many analysts predict a bullish phase with its price potentially reaching $1 in the next few years, possibly as early as 2024. Pioneering technologies like BlockDAG are forecasted to yield mainly high returns, while the token regains momentum in the crypto market alongside other Metaverse tokens. Simultaneously, experts are keeping a close eye on other potential top performers like Pushd and Scorpion Casino, which might outperform Decentraland. Nonetheless, analysts expect a GameFi revival led by MANA.
Despite a recent drop, a bounce-back for the price of MANA is expected, further fueled by Decentraland's cross-chain upgrade and a key focus on a new desktop client by its team. There is speculation about a potential 40% hike and many have their sights set on a price of $1 being on the horizon. It seems popular gaming coins are readying for a breakout, suggesting it may not be too late to invest in them. This is further supported by the notion that gaming tokens, including MANA, are trending upwards.
Uncertainty arises as eToro delisting MANA for U.S customers due to evolving regulations and the SEC regarding MANA as a security affect market sentiment. Yet, despite several hurdles and competition, mainly from Sandbox and similar entities, Decentraland is viewed as an attractive investment for beginners. With Decentraland planning to leverage artificial intelligence, the token seems poised for upward momentum.
Rating 2