Mantle Token Price Prediction: MNT Gains 10% Thanks To Strong Ethereum Performance, But Don't Miss This Next Big Thing

Mantle Token Price Prediction: MNT Gains 10% Thanks To Strong Ethereum Performance, But Don’t Miss This Next Big Thing

Updated: 24 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Mantle token price has experienced a 10% gain in the last 24 hours to trade at $0.519 as of 5:40 a.m. EST as trading volume fell 1% at $106 million.

The recent surge in MNT price can be attributed to the robust performance of Ethereum, which is currently priced at $2065, following a 4% weekly increase.

The $MNT token functions as an ERC-20 token, aligning its features with other tokens on Layer 2 blockchains. Consequently, as Ethereum strengthens, it uplifts other altcoins, including MNT.

Mantle Price: Bulls Target $0.62 High

Mantle Price Chart Analysis. Source:Tradingview.com — MNTUSD Chart Analysis. Source:Tradingview.com

The Mantle price has approached its cycle peak, hitting a high of $0.53. Bulls have gained control, rallying from the $0.31 support and forming an inverted head and shoulders pattern, indicating a bullish trend continuation beyond the $0.53 resistance zone.

The 50-day simple moving average (SMA) has become a pivotal support in the current resurgence. Surpassing this SMA confirms bullish sentiment.

Despite a slight decrease in the relative strength index (RSI) from an overbought level to 52 during the bullish trend, the recent price surge has pushed the RSI to 66, signaling intense buying pressure. If the bullish trend persists, there’s potential for the RSI to remain in the overbought zone.

Mantle Price May Rise Above $0.62 Resistance

The overall outlook for MNT is positive, targeting the $0.62 mark in the coming weeks, supported by RSI and SMA indicators. Continued momentum could propel the price above the $0.62 resistance, aiming for $1.10.

Bears could exploit the correction to lower the price in a potential downside scenario. If the $0.53 resistance proves robust, bulls might look to find support in the $0.42 zone.

For investors exploring alternatives, BTCMTX presents an attractive opportunity.

BTCMTX Advancing Rapidly In Presale, Price Hike In 3 Days

The Bitcoin Minetric (BTCMTX) presale 9th stage is advancing swiftly, garnering more than $4.3 million in funding and setting its sights on reaching the $5 million milestone.

#BitcoinMinetrix Stage 9 has commenced! ⛏️ pic.twitter.com/7jpVKVxcdj

— Bitcoinminetrix (@bitcoinminetrix) November 22, 2023

Bitcoin Minetrix is a cloud mining platform that allows individuals to mine Bitcoin in a decentralized way, eliminating the need for costly equipment. This solution addresses the issue of relying on third parties for BTC mining.

Highlighting the security protocols of #BitcoinMinetrix versus Traditional Cloud Mining: 🔒

🔍 #BTCMTX: Empowers users with decentralized, self-managed tradable assets.

💵 Traditional Cloud Mining: Requires monetary deposits upfront.#CryptoComparison #CloudMining pic.twitter.com/g8HnS3qFAq

— Bitcoinminetrix (@bitcoinminetrix) November 23, 2023

A single BTCMTX token is priced at $0.0118, but this rate is expected to increase in three days. Participating in the presale offers financial gains and unlocks possibilities for airdrops and staking in the BTCMTX Minedrop Airdrop. With a total prize pool of $30,000, participants can win $3,000 each.

Stake BTCMTX, Earn Passive Income

You can stake your BTCMTX tokens and generate passive income through the stake-to-mine program, boasting an annual percentage yield (APY) of 138%.

Over 302 million tokens are currently staked, resulting from mining 158.5 blocks per ETH. It’s emphasized that staking now is crucial, as the APY is expected to decrease with increased staked tokens.

If you’re looking for instructions on purchasing BTCMTX and taking advantage of its staking functionalities, Cilinix Crypto, a YouTube channel with over 37k subscribers, has posted a video that is optimistic about the presale.