How high can MANA go?

What influences Decentraland’s and MANA’s prices?

If you want to trade successfully with Decentraland, you have to understand the factors influencing the MANA tokenized coin and how far MANA can go. Also, the price prediction is based on these influencing factors, which can increase or decrease the prices of MANA.

Virtual reality

Most believe virtual popularity is the biggest influence on the tokens’ price, and that’s true! The popularity of virtual reality gaming has increased in a remarkable way, which can affect the demand for Decentraland games.

However, according to a few potential investors, Decentraland is now in a risky market position. MANA comes with some decent objects compared to other cryptos that have changed the financial sector.

With that, when VR becomes a slow mover, the Decentraland metaverse could fall because of new games taking over the market. This will automatically lower the demand for MANA, and the price will be affected.

Bitcoin prices

Decentraland is the 40th largest crypto and is not similar to Bitcoin. But Bitcoin created a new market tone. After that, the prices of Decentraland crashed in May and fell from its previous ATH to $0.6245 a few months back. Likewise, Decentraland started to rise gradually when Bitcoin began to increase after the aforementioned drop.

Important news

Important news can also affect the prices of Decentraland. Some actual news examples involve the increase and decrease of the cost of the token, new projects, market conditions about MANA, and many more. As a result, when the investors watch them, they may change their minds. Due to this, investors widely disagreed on what MANA could be worth in 10 years?

Can MANA hit $1,000?

Investors willing to invest in MANA are curious to know if MANA will reach $1000?

In today's conditions, MANA can't reach $1,000. You may watch market conditions and examine several other factors, such as market cap, to help you get your answer.

Where to buy MANA?

If you are interested in buying MANA, check out these top exchanges that support MANA. These exchanges have affordable fees, easy-to-use features, thousands plus supported assets with ERC20, and robust security arrangements. All these features can make them a perfect choice.

1

9.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$1

Review

The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit). More about Binance Card

Pros/Cons

•low commissions due to liquidity and trading volumes.

•high platform performance;

•proprietary BNB Coin which allows Binance to reduce the commission size;

•a proprietary cold wallet guarantees the security of your crypto assets by storing them.

•complex verification procedure;

•the exchange is not licensed by a regulator;

•The platform can go offline without warning;

•there are complaints about the technical functionality of the platform;

•there is an intricate mechanism for calculating commissions and rewards (grid system Maker/Taker).

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

₮1

Review

The BitGet crypto exchange provides traders with the opportunity to trade in spot, futures, and cryptocurrency. Cryptocurrency is used exclusively as instruments at the exchange: BTC (₿), LTC (Ł) ETH (Ξ), USDT (₮) and others. Trades are carried out on the crypto exchange’s own platform, which is available as a web terminal and an application for mobile devices. BitGet's fees are lower than its competitors in the market, with maker fees of 0.02% and takers of 0.06%. The commission can also be paid with bonus funds that each BitGet client receives upon registration, verification, and a trading account replenishment. There are no fees for maintaining an account, but a commission is charged upon withdrawal, the amount of which depends on the cryptocurrency in which the withdrawal is made. For investors, BitGet offers its own service for copying trades, and it is available at the exchange and at an affiliate program. Novice traders can use demo accounts to hone their trading skills, but there are no educational materials on the website. The BitGet cryptocurrency exchange provides services on an international level and cooperates with traders from different countries.

Pros/Cons

•availability of demo accounts;

•convenient ways to contact the support service;

•a wide range of cryptocurrencies for account replenishment;

•service of copying trades for receiving passive income;

•ability to reduce commissions using credits earned in the bonus program;

•ability to engage in algorithmic trading;

•the exchange uses hot and cold cryptocurrency wallets to store client funds.

•Deposits and withdrawals in fiat currencies are not available.

•There are no educational materials for novice traders on the exchange website.

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