/
No results

Try adjusting your search

Decentraland icon

Decentraland Price

mana
MANA Price in EUR
loading
Last 24h
loading
loading
24h 1W 1M 1Y All

Live Decentraland Chart in EUR

Decentraland price overview

The current Decentraland price is loading EUR. The price has changed by EUR in the past 24 hours on trading volume of loading EUR. The market rank of Decentraland is based on a market capitalization of loading EUR. Decentraland has a circulating supply of loading. The highest recorded Decentraland price is loading EUR. And the lowest recorded MANA price is loading EUR.

How do Decentraland price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

Decentraland is an Ethereum-powered virtual world in which users can create, explore, and trade with full ownership. Players can purchase non-fungible tokens (NFTs) called LANDs and create scenes and interactive games with the developer tools provided. They can also monetize their creations by selling them in the Decentraland Marketplace.

MANA is Decentraland’s native cryptocurrency and is required for purchasing LANDs, avatars, accessories and in-game goods and services. The price of MANA has changed significantly throughout its history and if you want to know why then you’re in the right place. We’ve compiled everything you need to know about MANA price – as well as the factors which influence it.

Decentraland Price History

MANA began trading in September 2017 at around $0.02. There was no price increase for the next couple of months and slight declines took MANA below $0.01 a couple of times. Prices began to trend upwards in December and had broken $0.10 by the end of the year.

The rally continued into 2018, peaking at $0.30 in January. Prices pulled back to $0.08 over the course of the next week and the rest of the year was spent mostly in decline. By the end of 2018, MANA was worth $0.04 – an 87% decrease from its January peak.

MANA continued to fall for the first few weeks of 2019, bottoming out at $0.03 in February. There were then some gains made for the rest of the first quarter, with prices peaking at $0.08 at the end of March. After consolidating until July, the next few months took a downward trajectory and MANA hit a low of $0.02 towards the end of November. After a trend reversal, MANA had regained $0.03 by the end of the year.

Continued bullish momentum took prices as high as $0.07 in February 2020 but MANA soon fell to a low of $0.01 in March after a single-day crash of almost 50%. This marked the start of a period of steady growth which became exponential in August when prices reached $0.13. MANA spent the rest of the year consolidating and ended 2020 with a value of $0.08 – more than double the year’s starting price.

The rally restarted in 2021 as MANA consistently set higher highs and higher lows throughout January and February. The price growth became much steeper in the first half of March and MANA was more volatile for the next few weeks with regular pullbacks of over 30%. On 17 April 2021, MANA reached its all-time high of $1.68 when its market cap was over $2.1 billion. This represented year-to-date gains of 2,000%.

Analyzing Decentraland Price History

MANA’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With MANA, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Decentraland raised $24 million in its initial coin offering (ICO) and its founders brought together experience from Silicon Valley and Matic Network, which could be a good sign for the project’s fundamentals.

Broader market trends have also played a role in MANA’s price history. Its surges at the end of 2017/start of 2018 and at the start of 2021 weren’t unique – the entire crypto market pumped around these times. Bitcoin was in the midst of major bull runs then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

MANA’s huge single-day drop in March came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The overall price trend of MANA tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Decentraland (MANA)

A variety of different things can affect the price of MANA, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

MANA launched with an initial max supply of just over 2.8 billion. However, MANA was burned to purchase LAND during the initial LAND auctions and 2.5% of every marketplace transaction was also burned, making MANA a deflationary asset. In January 2021, the Decentraland community voted to put an end to the marketplace transaction burns and reallocate those funds to the community treasury. By this time, MANA had a fixed max supply of 2,194,460,527, meaning the asset is still scarce and any increase in demand for MANA will push up its price.

The main reason for demand for MANA is its utility for purchasing LAND, avatars, and a range of other goods and services in the virtual world. It is thus likely that the price of MANA will rise as the number of Decentraland players increases.

Institutional adoption could also play a role. The surge MANA experienced in March 2021 corresponded with when Grayscale’s Decentraland trust started trading. This both made MANA more accessible to retail investors and increased investor confidence in the asset, and so any future instances of institutional adoption could further boost MANA’s price.

Live Decentraland Value and Market Cap

The live price of MANA varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given MANA’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Decentraland is equal to the price of MANA multiplied by the number of MANA in circulation.

Decentraland Price FAQ

What is the highest Decentraland price in EUR?

Decentraland price history shows that MANA has recorded a peak value of loading EUR.

What is the lowest Decentraland price in EUR?

MANA price history shows that loading EUR EUR is the lowest recorded Decentraland value.

How can I buy Decentraland?

You can purchase Decentraland and over 290 different cryptocurrencies in seconds with Kriptomat, learn more about how to buy Decentraland. It’s available for immediate purchase at the current MANA price quote of loading EUR. Current prices are always displayed in the MANA chart.

What is the current Decentraland price in EUR?

Kriptomat data confirms that the current Decentraland price is loading EUR.

How is the price of MANA calculated?

MANA’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying MANA than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of MANA different on different cryptocurrency exchanges?

MANA’s price is based purely on trading as there is no standard global MANA price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will MANA be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of Decentraland. However, as MANA has a fixed supply, any future growth in Decentraland’s user base could drive up demand for MANA and therefore boost its price.

Conclusion

The price of MANA has seen some significant changes, from being worth $0.02 to reaching an all-time high of $1.68. Its price movements have rarely been smooth, however, as MANA’s volatility has led to plenty of surges and crashes in its history.

Many different factors have played a role in determining the price of MANA, including the reduction in its supply, demand for LAND and in-game purchases, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Decentraland and cryptocurrencies!

Date Opening High Low Close
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
Kriptomat App
Fast, secure and easy