Manta Network is a web3 platform that enables users to build and launch any dApps based on Solidity. Learn more about its price overview, technical analysis, and market cap.
Manta Network is a web3 platform that allows users to create and launch any decentralized apps based on Solidity. Manta’s technology offers faster transactions than an L1 and cheaper gas fees than an L2.
Price Overview of Manta Network
Manta Network has seen a sharp drop in its trading volume in the past 24 hours, which is now $228.4 Million, down by 27.80% from yesterday. This indicates low market activity.
The peak price of Manta Network was $3.83, which was reached on Jan 28, 2024 (about a month ago). The current price is 28.23% below the all-time high price. The bottom price of Manta Network was $2.02, which was hit on Jan 18, 2024 (about a month ago). The current price is 36.38% above the all-time low price.
Manta Network has a market cap of $692.1 Million. The FDV of Manta Network is $2.76 Billion. This is a hypothetical value of the maximum market cap, assuming all 1 Billion MANTA tokens are in circulation today.
Technical Analysis of The MANTA Network
On the daily technical chart, the MANTA Network price is heading upward and trading above the 20, 50, 100, and 200-Day EMAs. The RSI curve is hovering in the bearish zone, indicating bearishness and the MACD curve also signals bearishness in the crypto price. Overall, the key indicators indicate the bearishness in the MANTA price.
As per the CoinMarketCap data, the current price of MANTA is $2.71, post an intraday upsurge of 2.47%. The market cap of MANTA is $681,475,662, with a 24-hour volume of $224,798,363.
The past 24-hour volume/ market cap ratio of MANTA is recorded at 35.30%. Furthermore, MANTA’s all-time high price was recorded at $3.84 on January 28, 2024, whereas the all-time low was documented at $2.05 on July 15, 2024.
Technical Levels
Support Levels: $2.21228331
Resistance Level: $3.47396076
Conclusion
Manta Network is a promising web3 platform that leverages Solidity to allow users to create and launch any decentralized apps. It offers faster transactions and lower gas fees than other solutions. However, its trading volume and price have declined recently, indicating a bearish trend. The technical indicators also suggest a downward pressure on the MANTA price. Therefore, investors should be cautious and monitor the market closely before making any decisions.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.