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The Mantle price went ballistic with a 36% surge on Wednesday and is up nearly 3% in the last 24 hours to trade for $1.1999 as of 04:26 a.m. EST time.
Trading volume is up 54% after MNT recorded a new all-time high on March 27 at $1.5000, steered by staking rewards and Layer-2 (L2) hype.
Mantle (MNT) is a layer-2 scaling solution for Ethereum, with the latest surge driven by the launch of its staking program and growing investor interest in L2 technologies. It goes back to when the network announced the Mantle Rewards Station on Monday, March 25.
The wait is over 😱
Introducing Mantle Rewards Station — a world of rewards and perks from your fave Mantle Eco dApps await 🚀
Lock $MNT now to unlock 2.5B Shards with the Mantle Sharding With @ethena_labs event 👇
🔒 https://t.co/GrzKLwqKsUDetails: https://t.co/UrmlMMiW60 pic.twitter.com/UPm53GZScW
— Mantle (@0xMantle) March 25, 2024
The Mantle Rewards Station will make it possible for users to lock their MNT tokens. They get rewards in exchange, which are distributed as mShard tokens. The mShards represent part of Ethena Lab’s native token ENA. They are redeemable for ENA during the program’s lock-up period that will end on April 25.
We are excited to announce the first step in decentralizing the Ethena protocol with the launch of: $ENA pic.twitter.com/Xs7vvfmEEP
— Ethena Labs (@ethena_labs) March 27, 2024
Moreover, analysts say that the surge in the Mantle price is evidence of investor interest in L2 solutions like Mantle. This is because L2s are popular for being scalable and affordable because of lower transaction fees. This is the case when you compare it to the packed Ethereum mainnet.
According to FRNT Financial’s Strahinja Savic, L2 tokens have recorded massive gains as investors chase their high upside potential relative to established L1 assets such as Ethereum (ETH). Beside these, another bullish fundamental for the Mantle price is the listing of MNT of South Korean exchange Upbit. The trading platform listed MNT trading pairs with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT).
https://twitter.com/kaylamulholland/status/1773216453602214066
Mantle Price Prediction After MNT Listing On Upbit Exchange
The Mantle price broke above the upper boundary of an ascending parallel channel in the wake of the buy the rumor sell the news situation. The move saw the altcoin shatter past the $1.0913 roadblock to record a new all-time high. However, as the listing and staking program events have already been priced in, traders are beginning to book profits for the gains made.
The Relative Strength Index (RSI) has confirmed that MNT is ripe for selling, seeing as it has crossed below the 70 threshold. Traders heeding this sell signal could see the Mantle price extend the ongoing fall. While a break and close below the $1.0913 support would dent the prevailing upside potential, the bullish outlook would only be invalidated if the Mantle price breaks and closes below the $0.8539 support.
TradingView: MNT/USDT 1-day chart
However, considering the outlook of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD), there is still a chance that the Mantle price could continue north. The green histogram bars of the AO and MACD, whose volumes continue to increase, reinforce the bullish thesis. Specifically, they indicate a growing bullish trend.
As such, if the bulls recover the market, the Mantle price could extend the gains, potentially reclaiming the $1.5000 peak. In a highly bullish case, it could clear this range high to record a new local peak above it.
Meanwhile, 5SCAPE is gaining investor attention as the world’s first AR/VR presale that aims to connect the smartest minds together. Analysts say it could be the next coin with 100X potential.
So far, it has collected over $2.8 million as it steams towards its $3.75 million target.
Promising Alternative To Mantle
5th Scape is out to be a game-changer in the VR and AR space, bringing in a new age for this technology. It leverages the currently-in-development Cage Conquest MMA game model to deliver this revolution.
🥊 Step into the octagon with 5th Scape's MMA Cage Conquest! Experience hyper-realistic VR gameplay like never before. 💥 Over $200K raised in presale funds!
🎮 Check out our recent PR for more exciting updates!https://t.co/FPGX2dGqyd
🚀 Join the Discord for exclusive updates… pic.twitter.com/mbLx0j1W7m
— 5th Scape (@5th_scape) February 16, 2024
Investors looking to diversify their portfolio may consider unlocking the limitless potential of the virtual realm with 5thScape.
5thScape, the cutting-edge crypto project poised to revolutionize augmented and virtual reality, offers investors an opportunity to dive into the future of immersive gaming.
With plans for innovative VR hardware and a diverse range of games, including Cage Conquest and Epic… pic.twitter.com/FaIicOGq3w
— 5th Scape (@5th_scape) March 23, 2024
The project focuses on VR games, but there are plans to feature other forms of VR and AR content such as educational experiences, social applications, and creative tools.
Join us NOW!!!!!#cryptocurrency #Token #5thscape pic.twitter.com/yNEeQrrbP1
— 5th Scape (@5th_scape) March 16, 2024
The ticker for the 5th Scape project is 5SCAPE, a utility token within the ecosystem. Token holders have unlimited access to premium VR content, voting rights, and potential staking opportunities for holders.
Step into new worlds of imagination. 🕹️🚀@5thScape is building a next-gen #VR and #metaverse ecosystem to redefine virtual reality.
Collect rare digital assets. The possibilities are endless!
Join the community – https://t.co/ewBcsEeltG#gaming #innovation #blockchain pic.twitter.com/hUe3cDDYnT
— 5th Scape (@5th_scape) February 11, 2024
5SCAPE has multiple use cases, starting with providing access to premium VR content, such that holders receive exclusive access to games, experiences, and features within the platform.
It is a Play to Earn (P2E) token, with this mechanism enabling players to get incentives with 5SCAPE tokens that can be traded upon listing. It will also offer a staking function for investors to lock up tokens for rewards.
5thScape Project Tokenomics
With a total token supply of 5.21 billion, the 5th Scape presale aims to sell 80% of the whole 5SCAPE token supply, with a fundraising goal of up to $15 million.
5SCAPE tokens are priced $0.00248 each, with an increase of almost 15% coming in a little over three days.
With the listing price fixed at $0.01, investors who buy now can lock in a 303% profit before the listing.
Visit and buy 5SCAPE here before it is too late.
Also Read:
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- How To Buy 5th Scape – 5SCAPE Token Presale Review
- 5th Scape Crypto Price Prediction – 5SCAPE Price Potential for 2024
- 5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities!
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