Manta Network Made 46% Against Market Trends This Week, Who Can Do It Next Week

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Manta Network (MANTA) made an impressive move in the cryptocurrency market, posting a 46% gain this week that defied broader market trends. This increase in value is particularly notable as it comes at a time when the native token reached an all-time high, trading close to $3 shortly after an airdrop for early backers.

The price of the altcoin is trading around $2.89, an increase of 30% in just 24 hours, and its trading volume has reached over $500 million on various exchanges such as Binance. This performance elevated Manta Network to the top 100 cryptocurrencies in terms of market capitalization. Moreover, the protocol’s Total Value Locked (TVL) has expanded significantly since its inception in January and currently exceeds $430 million across all blockchains, ranking it among the top 10 decentralized protocols.

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Highlights

According to the sponsored content poster, ScapesMania is a gaming ecosystem where the crypto community is paving the way for significant growth by joining forces with a vibrant community of casual gamers. The enthusiasm of the ScapesMania community has surpassed the amount of crowd/retail contributions to date. $4,900,000It is said that it is reflected in more pre-sales.

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Empowering Owners

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Expansion Potential

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Expectations of ScapeMania

ScapesMania tokens per coin during pre-sale $0.00898It was offered for sale from. By participating in the pre-sale, early adopters can tap into the potential once ScapesMania makes its debut on exchanges. It is not certain, it may fail.

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Manta Network (MANTA): Back in Business After Listing

Manta Network (MANTA) has rebounded remarkably following its difficult token listing earlier this month. The zero-knowledge proof-backed layer-2 blockchain has faced controversy over a distributed denial-of-service (DDoS) attack and the transfer of 2 million Manta Network (MANTA) tokens. However, the network has since stabilized and has a fully diluted market cap of $3.1 billion.

Kenny Li, co-founder of p0x labs, creator of Manta Network (MANTA), emphasized that the protocol improves profit margins thanks to its layer-2 technology. The network has saved users nearly $1 million in the last 30 days. Manta Network (MANTA) is focusing on expanding its ecosystem, particularly in Korea, where it has seen significant growth in total value locked (TVL) through projects such as LayerBank and Shoebill.

Despite the growth, Manta Network (MANTA) has shifted its focus from exploring the privacy aspect of zero-knowledge technology due to regulatory uncertainties in the US. Instead, the network focuses entirely on zero-knowledge decentralized applications, including on-chain poker and the issuance of decentralized identities. Manta Network (MANTA) has a combined TVL of $1.5 billion across minted and bridged assets, and p0x labs raised $25 million in Series A in July 2023 at a $500 million valuation.

The total supply of the Manta Network (MANTA) token is limited to 1 billion and the starting price was around $2.3212. After initial fluctuations, the token reached an all-time high of $2.77 but later fell. The token’s extreme volatility is expected to stabilize as the project gains momentum and reaches a larger user base. Total Value Locked (TVL) on Manta Network (MANTA) is over $440 million, indicating significant growth within a few months of launch.

Considering recent developments and market performance, Manta Network (MANTA) is poised for potential growth. The network’s focus on expanding its ecosystem, especially in Korea, and its commitment to zero-knowledge decentralized applications will likely attract more interest and investment. Current price volatility is expected to stabilize as the network matures and expands its user base.

Considering these factors, it is logical to expect a gradual increase in the price of Manta Network (MANTA) tokens in the near future. The network’s robust technology, growing TVL and strategic focus on business development are strong indicators of its potential for sustainable growth and value appreciation. Investors and market observers should keep a close eye on Manta Network (MANTA) as it continues to navigate the dynamic cryptocurrency landscape.

Conclusion

Manta Network (MANTA) is up 46% this week, hitting a new all-time high and showing resilience amidst challenges.

Site: https://scapesmania.io/

Twitter: https://twitter.com/ScapesMania

Telegram: https://t.me/scapesmania

*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high risk investments, do your detailed research before investing!


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