Mantle Network (MNT) is an Ethereum layer-two network that recently opened its mainnet alpha. It employs optimistic rollups to facilitate faster and cheaper transactions, which means it aggregates several transactions and executes them off-chain while still confirming them on-chain. Mantle can execute transactions quicker and cheaper while being compatible with Ethereum.
BitDAO, a decentralized autonomous organization (DAO) formed by Bybit, one of the biggest crypto derivatives exchanges, is developing Mantle. It aspires to be one of the Ethereum ecosystem’s primary scaling solutions.
AssetMantle is a multi-tenant NFT marketplace platform that allows producers and collectors to mint, own, and trade digital assets on its fast-finality blockchain in a secure manner.
The AssetMantle no-code toolkit enables creators to develop customizable assets and marketplaces without writing any code.
Collectors can possess assets created across these marketplaces and compatible chains in a single wallet, which allows them to transact with less gas and a lower carbon footprint.
AssetMantle, based on the interNFT standard, delivers an end-to-end stack of open-source modular tools that developers may customize to match sophisticated use cases.
AssetMantle’s vision is to contribute to the interNFT standard in order to create an open-source, community-driven framework for interchain NFTs and metadata standardization.
AssetMantle’s mission is to provide a platform that allows for a varied collection of NFT use cases that go beyond arts and collectibles and have the potential to revolutionize the representation of rights and ownership of real-world assets such as real estate and other commodities.
Price:
Mantle was $0.55 at the same time last week. It has moved -6.41% in the last week and is now at $0.51. In reality, MNT has dropped by -0.22% in the last 24 hours. The cryptocurrency market is slightly negative. Long-term sentiment, on the other hand, remains positive, and MNT might reach $0.64 in 2024.
As of the time of writing, the total circulating supply of Mantle was $3234268324.76 and the market capitalization of MNT was $1,671,804,863.
Mantle reached its peak price on July 20, 2023, when it traded at its all-time high of $ 0.600249, while it reached its lowest price on n/a, when it traded at its all-time low of $ 0.00. The lowest price since the all-time high was $ 0.513989 (cycle low). Since the last cycle low, the highest MNT price was $ 0.524055 (cycle high). The current Mantle price prediction mood is bearish, with the Fear and Greed Index reading 53 (Neutral).
Analysis:
AssetMantle (MNTL) is now trading at $0.00189655 with a 24-hour trading volume of $6,847.38. This is a 0.08% increase in the last 24 hours and a 10.79% increase in the last 7 days. AssetMantle has a market value of $1,353,852 and a circulating supply of 710 Million MNTL.
The RSI of Mantle is Neutral, with a value of 48 and a SMA of 59 points, indicating that we are completely neutral.
The MACD is also neutral, with points in the range of 0.000034 points.
And the EMA is so awful that it’s off the charts.
Mantle has support levels of $ 0.516676 and $ 0.514461, with the strongest at $ 0.512538 based on today’s traditional pivot point (P1) of $ 0.518599. Mantle resistance levels are also 0.520814, 0.522737, and 0.524952.
Mantle Price Forecast:
Mantle has had a busy 2021. To make the most recent MNT price prediction easier to understand, we divided it into two parts: short-term Mantle price prediction and long-term Mantle price prediction. MNT had a trading volume of $13,976,219 at the time of writing. Mantle has increased by 0% over the last 30 days.
According to our short-term analysis, the average price of MNT in October 2023 will be $0.56, with the highest potential price in October 2023 being $0.6.
Furthermore, according to our long-term analysis, the average price of MNT in February 2024 will be $0.53, with the highest conceivable price in February 2024 being $0.57.
