Decentraland Price Prediction: MANA turns green, but can't keep up with MEMAG
In spite of the 2022 market crash, the top projects in Web3 continue to build exciting services on the blockchain.
One of the most promising trends in recent years is the development of play-to-earn gaming which has been filled with high-performing investment opportunities.
Now, both Decentraland and Meta Masters Guild have been making significant progress, as they look set to carry on the trend over the coming months and years. To find out which crypto is the best buy right now, it’s necessary to look at each project’s gameplay and the recent market movements.
More progress for top GameFi projects has left investors bullish
The beginning of 2023 has seen bullish price action across the crypto markets, as major GameFi tokens have made gains. The Decentraland price rose a whopping 190% since the beginning of the year, while Meta Masters Guild completed its token presale and raised $4.97 million worth of investment.
Despite Decentraland’s recent price increase, the MANA token is still 90% down from its all-time high. The token suffered heavily during the 2022 crypto winter but major progress made in recent months may be a sign of a long-term trend reversal.
In contrast, Meta Masters Guild is a brand-new GameFi token that looks likely to have a promising future. The MEMAG token rose from $0.007 to $0.023 during its presale, and has since been launched on several digital asset exchanges including XT.com and UniSwap.
Meta Masters Guild also recently launched its NFT marketplace, which has further boosted excitement around the platform. The MEMAG token is now trading at just under $0.02, and it could eventually enter price discovery as the wider crypto markets recover from the 2022 crypto crash.
What is Decentraland (MANA)?
Decentraland is a virtual reality platform built on Ethereum. Decentraland's in-game currency, MANA, can be used to trade digital assets in the platform’s integrated marketplace, which can include virtual plots of land, custom avatars, and much more.
Users can build whatever they like on their plots of land as user-generated content (UGC) is at the foundation of gameplay. Decentraland is now home to a constantly increasing number of activities that users can take part in, including play-to-earn games, crypto casinos and NFT art galleries.
Decentraland price prediction: Can MANA reach $1 in 2023?
The MANA token rose from $0.29 to $0.84 in January, and has since retraced to $0.55. Decentraland remains one of the most valuable GameFi platforms by market capitalization, owing to its unique capabilities as a virtual reality metaverse.
The 2023 Decentraland price prediction highlights key areas of resistance at $0.83 and $1.08. If the MANA token can breach its recent high, it may go on to hit the $1 price level before the end of the year.
What is Meta Masters Guild (MEMAG)?
Meta Masters Guild is a comprehensive GameFi platform that aims to become the largest mobile gaming community in Web3. The platform offers support to a wide variety of mobile games that are compatible with the blockchain, meaning users can earn digital asset rewards while playing on-the-go.
The platform brings new-and-improved access to GameFi, as it delivers self-owned digital assets and integrated financial prizes to the mobile gaming industry. Players can collect and trade NFTs while completing tasks and earning rewards across many different mobile gaming experiences.
How does MEMAG work?
Meta Masters Guild uses a unique variation of the play-to-earn mechanic due to it being a mobile-compatible platform. Gamers generate ‘Gems’ while progressing through the platform’s various games, which can later be exchanged for digital currency in the form of MEMAG tokens.
The MEMAG NFT Marketplace will list a variety of NFTs that each have in-game utility. Players can purchase performance boosts, customizable items, and playable characters, which can help provide an edge while they compete for cryptocurrency rewards.
Can MEMAG reach $0.20 in 2023?
After only recently being released on digital asset exchanges, MEMAG is still a newcomer to the world of Web3. The project has strong fundamental characteristics, with a unique product-market fit and extensive utility for MEMAG, the native token.
Over time, Meta Masters Guild has the potential to become a leading blockchain project in the mobile gaming industry. Experts are forecasting significant returns for early investors, with the $0.20 price level being a key target in 2023 a 10x rise before the end of the year.
Meta Masters Guild vs Decentraland price prediction: Which token looks like the better buy?
Both Decentraland and Meta Masters Guild look like strong additions to any investment portfolio at the current price level. Decentraland may have begun to reverse its long-term bear trend, while Meta Masters Guild is just beginning to gain traction.
Since Meta Masters Guild is a newer release, it is more likely to produce a major return in the near future. In more favourable market conditions, MEMAG could skyrocket thanks to its unique solution the mobile gaming industry.
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Press Release Distributed by The Express Wire
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