NewsletterHere’s How Much Your $1000 Investment in MANA Will Be Worth If It Reaches $1
MANA, the native token of Decentraland, has been witnessing a tremendous price surge for the past few days. Its price has risen by 37.13% in the last 24 hours and by a whopping 72.54% in the last 7 days.
There has been an upward trend in the price of MANA for quite some time. MANA has gained 61.08% in the last 30 days and 35.74% in the last 60 days. It is up 101.62% year-to-date (YTD) and is trading at $0.61.
Decentraland’s MANA Price Prediction
According to Coincodex’s technical analysis, investor sentiment around MANA is neutral. They predict that the price of MANA price will rise by 53.91% over the next month and reach $ 0.923561 by February 13, 2023.
According to Coincodex, the MANA price will be between $ 1.636655 and $ 4.91 by 2025. They even predict that MANA’s price will breach the $10 barrier in the best-case scenario by 2026.
Given that the MANA recorded an ATH of $5.90 in November 2021, it is very likely that it will breach the $1 barrier in the near future.
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How much money would you make if the MANA price hit $1?
Let’s say you invest a modest $100 in MANA today. At the current price, which is $0.61, you will get approximately 163 tokens. If you hold and sell these when MANA hits $1, you could make $163. This means that your $100 investment would yield a 2X, or 63%, return on investment (ROI).
Now, let’s assume you invest $1000 in MANA today. At today’s market price, you will have approximately 1639 coins. If liquidated at the price of $1, your $1,000 investment will be worth $1639.
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It is important for anyone considering investing in MANA to carefully research the asset and understand the risks involved before making any investment decisions.
Disclaimer: This is not investment advice. DYOR
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