Manta Network (MANTA) Price Prediction 2024-2030: Will MANTA Price Hit $5 Soon?

• Bullish Manta Network (MANTA) price prediction ranges from $3 to $6.
• Analysis suggests that the Manta Network price might reach above $5.
• The Manta Network’s bearish market price prediction for 2024 is $2.09.

What is Manta Network (MANTA)?

Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications. Manta offers two networks, Manta Pacific and Manta Atlantic.

Manta Pacific, which is a unique L2 ecosystem on Ethereum for EVM-native ZK applications, provides a scalable and inexpensive gas-fee environment for ZK applications to deploy simply using Solidity.

Manta Atlantic, the fastest ZK L1 chain on Polkadot, brings programmable identities and credentials to web3 through zkSBTs.

Manta Network was created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many top web3 investment funds, including Binance Labs and Polychain Capital. 

It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of web3 zkApp applications.

Manta Network (MANTA) Current Market Status

The maximum supply of Manta Network (MANTA) is 1,000,000,000 MANTA, while its circulating supply is 251,000,000 MANTA, according to CoinMarketCap. At the time of writing, Manta Network is trading at $2.52 representing 24 hours increase of 8.94%. 

The trading volume of Manta Network in the past 24 hours is $466,224,379 which represents a 103% increase.

Some top cryptocurrency exchanges for trading Manta Network are Binance, Bybit, Bitget, Bitrue, and LBank.

Now that you know Manta Network and its current market status, we shall discuss the price analysis of  Manta Network (MANTA) for 2024.

Manta Network (MANTA) Price Analysis 2024

Will the Manta Network blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect MANTA’s sentiment over time? Read more to find out about Binance Coin’s 2024 price analysis.

Manta Network (MANTA) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

As per the empirical law, 99.7% of data should abide within three standard deviations given that it follows the Gaussian distribution. Moreover, 68% of data should remain within one standard deviation and 95% of data within three standard deviations. Since the Bollinger bands are two standard deviations away from the mean, MANTA has the possibility of residing within the bands 95% of the time for normal distribution (excluding whale activity and other market disturbances). 

MANTA is no different from other tokens as it shows the same fluctuation pattern as any new token would. The bands were gaping as there would be more volatility at the initiation of a coin. 

The red highlighted rectangle shows that MANTA has been residing in the upper half of the Bollinger bands. Lately, MANTA was testing the upper band before it crashed almost to the lower band. Now that it is close to the lower band, there is a high chance that buyers will use this opportunity to buy the dip. When the above-stated happens, the price of MANAT will shoot up. 

Manta Network (MANTA) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The RSI has a Signal line which is used as a reference. Whenever the RSI falls below the Signal line, it means that MANTA is below par. When the RSI is above the Signal line, it means that MANTA is performing well above the average. Note that the relation of the RSI and Signal line could change when either of their time reference is altered. 

The red line at the top shows the overbought region and the green line shows the support level of the RSI bands used. Unlike the original RSI indicator which has fixed overbought and oversold regions, the RSI bands indicator has self-adjusting bands like the Bollinger band. 

These could be used as the overbought and the oversold region respectively. The RSI value on the 30-min chart reads a value of 39 and the line seems to be heading downwards. The RSI bands show that MANTA has fallen below the average and is heading in the direction of the support level (green). 

Manta Network (MANTA) Price Analysis – Linear Regression

The linear regression establishes a relationship between an independent and dependent variable. This is usually used to predict the future price of crypto, stocks, etc. The top line in this scenario is 2 Standard deviations away from the best-fitting line while the lower line is three standard deviations away from the best-fitting.

The best-fitting line is found by taking the least squares method, where the line that has the least square value is selected. Currently, as MANTA is 3 standard deviations away, it is not complying with the best-fitting line. Hence, there is every chance that MANTA could gain value.  

Note that this is 30- min chart and it comes with a lot of distortion. A longer time frame could be suitable and that could give out different values. 

Manta Network Price Prediction 2024-2030 Overview

Manta Network (MANTA) Price Prediction 2024

The above chart shows that in the recent times MANTA established a new trend as shown by the white line. However, it wasnt able to hold onto this gradient, as such, MANTA crashed and fell on the yellow line below. This line has a lower gradient and if the bulls are strong, they might be able to help MANTA reach the white line. 

In the event the bulls dominant the market, MANTA has the ability to reach $5 in the long term. However, if the yellow line is breached, then, MANTA would be looking at landing on support level $2.09. Since, this is the initial stages these resistance and support levels could change. 

Manta Network (MANTA) Price Prediction 2025

Manta Network may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Manta Network will continue to rise in 2025 forming new resistance levels. It is expected that Manta Network(MANTA) will trade beyond the $15 level.

Manta Network (MANTA) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Manta Network could tumble into its support regions. During this period of price correction, Manta Network could lose momentum and be way below its 2025 price. As such, it could be trading at $19 by 2026. 

Manta Network (MANTA) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in MANTA. As such, we could expect Manta Network(MANTA) to trade at around $23 by the end of 2027. 

Manta Network (MANTA) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Manta Network may reciprocate its past behavior during the BTC halving. Hence, Manta Network(MANTA) would be trading at $26 after experiencing a considerable surge by the end of 2028. 

Manta Network (MANTA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Manta Network (MANTA) could be trading at $40 by the end of 2029.

Manta Network (MANTA) Price Prediction 2030

After witnessing a bullish run in the market, Manta Network and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Manta Network (MANTA) could be trading at $45.

Manta Network (MANTA) Price Prediction 2040

The long-term forecast for Manta Network indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point. 

If they start selling then Manta Network could fall in value. It is expected that the average price of Manta Network(MANTA) could reach $52 by 2040.

Manta Network (MANTA) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Manta Network(MANTA) could reach $67.

Conclusion

If investors continue showing their interest in Manta Network and add these Coins to their portfolio, it could continue to rise. MANTA’s bullish price prediction shows that it could reach the $5 level

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.