Manta Network (MANTA) has grown at a rapid rate kicking off January 24. It broke through the $2.62 resistance. Will MANTA maintain its upward trend? How much will the MANTA price be in 2024? Let’s look at this MANTA price prediction article in greater detail.
How has MANTA Price moved in recent days?
Manta Network’s current price is $3.02, with a 24-hour trading volume of $2.26 billion, a market capitalization of $757.72 million, and a market dominance of 0.05%. The MANTA price has risen almost 6% in the previous 24 hours.
Manta Network attained its maximum price of $ 3.32 on Jan 25, 2024, and its lowest price of $ 0.00 on n/a, respectively. The lowest price since its ATH was $2.88 (cyclical low). The greatest MANTA price since the last cycle low was $3.06 (cycle high). The Manta Network price forecast mood is now optimistic, while the Fear & Greed Index is at 52 (neutral). Manta Network’s current circulating supply is 251.00 million MANTA, with a maximum supply of 1.00 billion MANTA. Manta Network is presently rated 26th in the Layer 2 category by market capitalization.
MANTA price prediction: Why is MANTA Price UP?
Alright, so MANTA is like the new kid in the crypto block, and it’s doing pretty well. People who bought its tokens during the initial sale are already seeing a profit because the price has gone up. Plus, there’s a lot of money flowing around in MANTA because many folks are buying and selling it.
The interesting part is that MANTA hasn’t been around for long, just a few weeks. Also, not all the tokens they made are being used yet – only about a quarter of them are out there circulating. This scarcity could make more people want to get their hands on some MANTA. So, it’s kind of like a waiting game to see how things play out. Keep an eye on it, though, because things in the crypto world can change pretty quickly!
MANTA price prediction: How high will the MANTA Price Go in 2024?
Manta Network is like the Swiss Army knife for zero-knowledge applications on the blockchain. They’ve got this cool thing called Manta Pacific, which is like a super-efficient playground for apps and dapps that use zero-knowledge tech. It’s all about giving users the best experience at the lowest cost possible. They use something called Universal Circuits to offer ZK-as-a-Service, making things secure, and Celestia’s data magic to keep gas fees low.
The brains behind Manta Network are a bunch of people from top-notch places like Harvard, MIT, and Algorand. They’ve even got a fan club in the form of investments from big shots like Binance Labs and Polychain Capital. These guys have been on the fast track, participating in the coolest web3 accelerators like Alliance DAO and Berkeley Blockchain Xcelerator. So, it’s not just a cool tech story; it’s got some serious brainpower and backing behind it. Keep an eye on Manta Network; they’re making waves in the crypto world!
Things are looking pretty exciting for Manta! The price of their asset is on a roll, breaking through the upper limit of its pattern – a sign that the market is super positive about it. If the altcoin can hang on above this level, it’s like a green light for buyers to keep pushing its value up.
MantaPacific just crossed a big milestone, with its Total Value Locked (TVL) shooting up to over $1.5 billion. That’s a huge deal, making it the third-largest Layer 2 player in the crypto world. The platform is buzzing with activity, boasting more than 10 million transactions and the birth of over 731,000 new wallet addresses. It’s not just numbers; it’s a clear indication that people are getting on board with MantaPacific in a big way.
While the outlook for MANTA’s price seems optimistic with a bullish prediction, it’s important to keep an eye on a potential stumbling block. If the price faces resistance around the $3.13 mark and fails to break through, there’s a chance we could see a 12% to 15% dip, bringing it down to the $2.70 support area.
It’s like a little caution sign – a reminder that even in the world of bullish trends, there can be some bumps along the way. So, for investors and enthusiasts, staying attentive to these potential shifts is key to navigating the volatility of the market.
So, Manta Network could trade between $2.70 and $3.90. If things align favorably and MANTA hits the upper limit, we might witness a solid 27% surge, pushing its price up to $3.90. It’s like a potential roadmap for investors, highlighting the optimistic scenario and the potential percentage gain.
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