Mantle (MNT) Price Prediction 2024-2030: Will MNT Price Hit $10 Soon?

• Despite the recent decline, MNT has a bullish prediction of $4.75 in 2024.
• The price of the token might fall to $5.28 in 2027 but is expected to recover by 2028.
• If the project remains relevant, the price could hit $13 in 2030.

Several projects have become important to the crypto ecosystem, especially for those looking to transact on Ethereum (ETH). One of these projects is Mantle (MNT), which is a Layer-2 on the Ethereum blockchain.

Findings shows that the project offers more than just cheaper fees. However, we won’t let the cat out of the bag now. Find out the rationale behind Mantle in this article. Coin Edition also looks at the MNT, its use case, and price predictions from 2024 to 2030.

Mantle (MNT) Real Time Market Status

What is Mantle (MNT)?

Mantle Network is an Ethereum Layer-2 scaling solution and is compatible with the Ethereum Virtual Machine (EVM). For the uninitiated, the EVM is the open-source computational engine fostering smart contract development and transactions on the blockchain.

With Mantle’s unique infrastructure, users can perform transactions and pay cheaper fees compared to the Ethereum Mainnet. However, Mantle depends on Ethereum for maximum security.

It would also interest you to know that the project is the first L2 to integrate with EigenLayer, the restaking protocol on Ethereum. With the partnership, data availability on Mantle has gotten easier.

Unlike many other projects, Mantle does not have one or two particular founders. Instead,  there is a Decentralized Autonomous Organization (DAO) behind the project. 

Therefore, decisions related to proposals are decided on by a governance structure that involves MNT holders. Beyond on-chain voting, MNT is also used for paying gas fees and contributing to the growth of Mantle’s ecosystem.

MNT Current Market Status

MNT’s price at the time of writing was $1.20. This value was a 4.95% decrease in the last 24 hours. However, within the same period, the price of the cryptocurrency jumped to $1.52. 

But after a wave of selling pressure hit it, the upswing reversed. For example, Lookonchain explained how a certain market participants gained from the recent hike and later sold.

Furthermore, the trading volume increased to $706.97 million. As of this writing, MNT had a market cap of $3.88 billion. Its maximum supply is 6.21 billion MNT tokens while 3.22 billion were in circulation. If you intend to buy MNT, you can access the token on Huobi, Gate.io, MEXC, or Bybit.

Mantle (MNT) Price Analysis

Without price analysis, there would be no feasible price prediction. Due to this, Coin Edition dedicated this segment to discussing MNT’s possible performance in the short term. 

Using indicators, and fundamentals, you would also learn about the price predictions from 2024 to 2030. To add spice to this piece, you would also get an idea of how MNT might perform in 2040 and 2050.

Mantle (MNT) Price Analysis- Bollinger Bands

The Bollinger Bands (BB) is an indicator that helps to identify volatility around a cryptocurrency. From the MNT/USD 4-hour chart, the bands expanded, indicating extreme volatility around the token.

But before the recent volatile nature, MNT consolidated as the bands contracted between March 18 and 26. During that period, the price of the token traded between $0.76 and $0.88. However, the consolidation phase ended as the bulls helped the price break out in March.

At press time, the upper band of the BB had touched MNT’s price at $1.29, indicating that it was overbought. This condition forced the value back to $1.20. With the high volatility, increased buying pressure might send MNT as high as $1.49. However, if profit-taking overrides buying, the price might decline to $0.93.

Mantle (MNT) Price Analysis – Relative Strength Index

Indications from the Relative Strength Index (RSI) showed that MNT was oversold on March 19. Moments later, the oscillator reverse in the upward direction. With solid bullish momentum, the RSI was able to hit 93.40.

But the reading implied that the token was overbought just like the Bollinger Bands indicated. As of this writing, the positive divergence formed by the indicator has been quenched. The reading as shown below was a sign that sellers had taken some gains. However, a resurgence in buying momentum could drive MNT to restest the $1.30 region.

Mantle (MNT) Price Analysis – Moving Average Convergence Divergence

As of this writing, the Moving Average Convergence Divergence (MACD) hinted at a bullish momentum. The positive value of the MACD indicated that there has been more buying pressure for MNT as the 12 EMA (blue) had outpaced the 26 EMA (orange).

However, the trend of 12 and 26 EMAs was in the upward direction, indicating that sellers were trying to catch up with buyers. If this happens, MNT’s price might experience a retracement that could send it to $1.09. However, if the positions remain the same, the value of the token might climb back higher.

Mantle (MNT) Price Prediction 2024

For 2024, the price of MNT is expected to increase much more than it has done in recent times. From a technical perspective, the 50 EMA (blue) had topped the 200 EMA (yellow), suggesting that the trend might be bullish in the long run.

As it stands, it is unlikely for MNT to drop as low as $0.89 in the short term. But if a widespread correction begins with altcoins, MNT might not be spared, and its value could hit $0.96 at some point.

However, the price of the token would most likely rebound and tap new highs. Therefore, MNT’s price prediction for 2024 might be around $4.75.

Mantle (MNT) Price Prediction – Resistance and Support Levels

Analysis from the 4-hour timeframe showed that the $0.83 region was once a resistance point. However, bulls turned the same level to support on March 25 as MNT’s solid uptrend began.

As the price jumped, MNT faced another hurdle at $0.91. But bears were not strong enough to reject the price. Hence, the upswing continued to $1.30. At press time, another resistance stood at $1.29.

If bulls successfully clear this path, MNT might retest $1.36. However, the inability to break past the region could grind the potential uptrend to a halt.

Mantle (MNT) Price Prediction 2025

By 2025, the price of MNT might hit $6. One of the reasons for this projection is that a lot of crypto users might have adopted L2s since they now offer cheap gas fees, and Mantle might not be left out.

Mantle (MNT) Price Prediction 2026

2026 could be a big year for MNT. By this time, it is expected that the market cap of many altcoins have doubled. For Mantle, it could be the same case. As such, the price of the token could hit $8.95 in 2026.

Mantle (MNT) Price Prediction 2027

The price of MNT might not be as bullish as the previous predictions in 2027. If we are to go by history, the crypto market might be in a bear cycle in 2027. If this is the case and a lot of liquidity does not come into the ecosystem, the price of MNT might fall to $5.28.

Mantle (MNT) Price Prediction 2028

MNT might experience respite in 2028 as market participants might have capitalized on the 2027 dips. As such, buying pressure might have increased and the price might restest $7.74.

Mantle (MNT) Price Prediction 2029

In 2029, Mantle’s community might have doubled or tripled. As a result of this, the adoption of the token might hit new heights. Increased adoption most times translates to high demand. Hence, MNT might hit double-digits like $10 in 2029.

Mantle (MNT) Price Prediction 2030

In 2030, MNT might continue its strong uptrend. Although there might be times when the price drops, it is expected that the value of the cryptocurrency might reach $13 by December 2030.

Mantle (MNT) Price Prediction 2040

The 2040 price prediction for MNT might not be as bullish as the community might assume. In the foreseeable future, the crypto market might encounter more regulatory hurdles. This could cause the prices of tokens to decline. However, MNT might recover as pressure from the regulatory environment has reduced. Hence, the price might hit $14.78 in 2040.

Mantle (MNT) Price Prediction 2050

In 2050, the price of MNT might have increased. At maximum value, the token could hit $20.52. However, a bearish scenario could see the cryptocurrency trade at $11.35

Conclusion

In conclusion, the emergence of Mantle seems to be good for the ecosystem. However, that does mean the price of MNT would continue to surge without a stop. While the price might hit new highs, it could also tap new lows in the price. Therefore, it is important that you watch out for updates about the project.

FAQs

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