AS the meme coin rally continues, Decentraland might be the latest to join the space with big gains in the past day. 
In the past 24 hours, Decentraland has soared 21.05% to $2.73, according to CoinMarketCap. 
During the past year, Decentraland has now surged more than 2,000%. 
The latest gains come as Facebook changed its name to Meta – aiming to “bring the metaverse to life.” 
A metaverse is a virtual reality experience where users can interact with others. 
It can be thought of as a virtual universe.
Another metaverse cryptocurrency The Sandbox saw gains of 32% on Friday.
But before considering investing in Decentraland, make sure you know there are big risks that come with cryptocurrencies.
This is mainly because of the volatility that occurs in the industry. 
For instance, before this week, Decentraland had mostly traded under $1 since late May. 
It hit an all-time high of $1.63 in April – but then crashed a month later.
And make sure you understand what you’re investing in, as the crypto space can be filled with complexity.
As indicated before, Decentraland operates as a metaverse token.
It was founded by Esteban Ordano and Ariel Meilich in 2015 before launching its platform to the public in 2020.
Specifically, Decentraland operates as a blockchain-based cryptocurrency that models itself as a “world owned by users.” 
It also claims it is the first-ever virtual world, allowing users to create, explore and trade. 
Moreover, users can create scenes, graphics, challenges as well as trade digital assets including LAND, estates, and avatar apparel. 
"Even with how nascent this industry is, the serious Decentraland players have managed to create a significant income from buying and selling Nft items," Patrick Moore, founder and creator of Bitcoin and cryptocurrency information website CryptoWhat told The Sun.
Also, Decentraland uses “MANA,” which is an ERC20 token – meaning it's based on Ethereum’s blockchain.
Some are wondering where the price of Decentraland will wind up.
And it’s hard to say because it’s unclear if the gains will continue after the recent news that sent it up. 
It's also unclear if this will turn into retail investors’ next meme coin of choice.  
However it recently broke the $2 barrier.
Mr Moore thinks Decentraland can surge well beyond that mark.
"While the overall market sentiment is hot for crypto, it's possible for MANA to reach $4 – $6 during this next bull run," he said.
Despite the unpredictability of forecasters have price predictions for MANA.
For example, Wallet Investor thinks it will drop from today's highs back down to $1.5.

But Coin Price Forecast sees the price reaching $5.25 by the of the year.
But keep in mind, price predictions could change if bearish trends occur. 
We’ve also done price predictions for Saitama,  Bitcoin, Ethereum, Dogecoin, Shiba Inu, dYdX, and EOS.
Plus, we recently explained four things you need to know about Dogecoin.
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