Mnt, the native token of the SCALL L2 network of Manainn, began its continuous rally as the project went several improvements that reached several improvements that came in.
Mantle (Mnt) limit 17% to a high of $1.28 on $1.28 on January. Bringing its market to nearly $4.2 billion at press time. The old logo was accompanied by a 60% jump in the Altcoin's daily trading volume that amounted to more than $213 million.
In particular, the Altcoin started raising the price forward on January and has been on 32% since then, while it overcomes the last year by 104%. The altcoin currently stands as the 40th largest crypto asset according to Coingeocko data, with a supply of more than 3.36 billion tokens.
What led to the Rally MNT?
Mnt rallied after its developers mentioned six main products the project is working on this year to expand its ecosystem. The master ecosystem already includes the site modlar-2 Block blocking blotle, a protocol with the result of BTC BTC – and its spraying on Ignition BTC.'
However, the project has now introduced three new pillars to support its growth: a garden platform called Block-block called Block Trust, and Mantlex, focused on AI agents that creation
The Rally was also supported by calm in Mantleactive and new active and new addresses involved in mnt transactions. Data on the old chain from incomplete shows a 50% jump in the number of active addresses completing at least one MNT transaction over the past week. In addition, the number of new addresses created has increased by almost 16% during the period.
An uptick in daily active addresses and new addresses is a sign of strong network health and indicates growing adoption of the network.
Buyer demand for Mnt has also been rising as well, with data from joint reductions increasing withdrawals from exchanges since the beginning of the year.
So RESULTS OF RESULTS Suggest that these buyers intend to hold on to their investments, anticipating further potential benefits in the long term.
MNT price analysis
On the daily USDT price chart, Mantle has been back above the 50-day moving average, indicating that bulls are controlling the market. This line has also crossed the signal line and it indicates, indicating that a bullish trend is building.
In addition, aore creator shows the aroon up at 92% while Aroon was down indicating that the strength of the uptred is much higher in the coming days.
Based on these indicators, the mnt may continue its rally to test the Resistance level at $1.42, a break above towards psychological prices at $1.5.
At the time of writing, the price of MNT stood at $1.23, down a little more than 19% from all-time high.
Disclosure: This article does not represent investment advice. The content and materials appearing on this page are for educational purposes only.
