Manta Network is one of the most exciting cryptocurrencies at the moment. In the last 7 days, it has rallied by 54%, from a low of $2.3721 to its current price of $3.70. This rally has seen it rank as the 71st largest cryptocurrency by market capitalization.
Mantra Network is a new cryptocurrency making ripples in the fast-growing Web 3.0 space. It is designed to allow for easy development and deployment of any solidity-based Dapps.
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Manta Network’s key strength is in its ability to leverage stacking technology. This allows for speeds that outcompete most L1 networks and transaction fees significantly lower than most L2 networks.
Besides the strong use case, investors are drawn to Mantra Network for its ease of availability. It can be bought on top exchanges like Binance, HTX, and ByBit. This may explain why there is a lot of investor interest in this cryptocurrency, especially now that Bitcoin is showing a potential continuation of the bull rally at the start of the year.
Today, we will focus on Mantra Network’s (MANTA) price to understand where it could go in the short- to medium-term.
- Manta Network is up by over 50% in the week
- Experts predict $7 or more in the short term
- Investors are also exploring MEME AI
- MEME AI is exciting the market after Elon Musk’s tweet
MANTA Crypto Price Prediction
When going to press, MANTA is trading at $3.69. In the last 24 hours, MANTA trading volumes have dropped by 23.68% to $420,886 967, with a market capitalization of $927,143,269. MANTA has also experienced a slight price increase of 1.78% in the past day.
👀 #MANTA Price Jumps 62%🚀 After the Successful Manta Network Launch🔥⚡️
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🗞️Read the full article here: https://t.co/LG8H6lW8R1
— Crypto News (CoinGape) (@CoinGapeMedia) January 29, 2024
MANTA is rising on the bullish momentum that started on 18th January 2024. However, with volumes dropping, the price momentum has eased as well. In the short term, MANTA is trapped between significant resistance at $3.89, its highest price in the past week, and $2.99, a price where the price has found significant support.
If bulls have the momentum to break through the 7-day high of $3.89, then MANTA could be up for more highs and possibly break through $5 in the short term. However, if bears can drive the price through the $2.99 support, MANTA could test the next support at $2.16 in the short term.
Making some #MantaAtlantic 🌊 waves in the @Polkadot ecosystem https://t.co/m8dyd8MPVt
— Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) January 29, 2024
Going deeper into the technicals, the MANTA Relative Strength Index stands at 60, which means there is more room for the upside. The fact that Bitcoin seems to be making bullish signals could also uplift the altcoin market, and MANTA, being one of the most bullish at the moment, could rally.
Going into the future, experts believe MANTA price prediction has the potential to trade at anywhere between $7 and $10. However, it is important to note that, with many new coins taking the spotlight daily, it is hard to tell whether MANTA can maintain the spotlight.
MANTA Price Slows Down As Meme AI Draws In Investor Attention
MANTA’s price growth has slowed down after a more than 50% rally in a week. This is likely due to profit-taking and investors chasing other cryptocurrencies with exponential growth potential.
With Bitcoin’s price recovery, meme coins are among the cryptocurrencies recording a resurgence in investor interest. One such meme coin is Meme Ai (MEMEAI), which has the potential to grow investors’ profits exponentially.
MEME AI is a meme coin that is inspired by Elon Musk, one of the most influential people in cryptocurrency circles. However, MEME AI is not just riding Musk’s name. It is also a platform for launching meme coins and comes with an NFT marketplace.
The idea behind MEME AI is quite exciting, especially now that Elon Musk has tweeted something aligning with what this cryptocurrency is doing.
MEME AI also has the advantage of a low market cap. It currently has a market capitalization of $975,948. This gives it significant room for growth as hype builds up around meme coins and the broader market turns bullish again.
MEME AI has yet to be listed on major centralized exchanges like Binance. This further gives it a significant potential upside in the short to medium term.
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