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MANTA, new crypto to keep an eye on? 25% growth in 24 hours

Fri 26 Jan 2024 ▪ 3 min of reading ▪ by Ariela R.
Getting informed ▪ Altcoins

The MANTA cryptocurrency from Manta Network appears more determined than ever to conquer the market. After a week of consolidation, its price soared by 25%. What are the reasons for this exceptional rise? What are the forecasts for this cryptocurrency? Answers!

Analyse crypto MANTA
Manta is now in the top 10 of the highest TVL blockchains in crypto

A Rapid Growth Fueled by the Crypto Exchange Binance

Binance added Manta Coin to its list of native assets on January 15. This integration immediately triggered a spectacular surge in the price of this cryptocurrency. It reached a peak of $3.25 in just 24 hours. This impressive jump follows a prolonged period of consolidation, where MANTA maintained stability around $2.60.

The dynamics of this growth are also reflected in the trading volume, which saw an exceptional increase of 103% in the last 24 hours, breaking through the $800 million barrier. This testifies to the massive interest of investors in MANTA.

A TVL Exceeding $430 Million Dollars

The success story of MANTA is not limited to its listing on the crypto platform Binance. The remarkable growth of the Total Value Locked (TVL) within the Manta Network cryptographic protocol is also a major driver of this ascent.

According to data from DefiLlama, Manta Network’s TVL exceeds $430 million dollars. It is now among the top 10 decentralized protocols.

Crypto MANTA: What are the forecasts?

After reaching a peak of $3.25 during the day, the price of MANTA underwent a slight correction. It is currently trading at around $2.95, still showing an increase of 8.63% at the time of writing.

Having said that, clouds of uncertainty loom. Some market experts anticipate a potential pullback to the $2.70 mark.

In any case, the rapid ascent of MANTA on Binance highlights its growing importance in the world of cryptocurrencies. This is a file to watch closely!

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Ariela R. avatar
Ariela R.

Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.