Popular coin of recent times manta The network seems to have attracted the attention of cryptocurrency investors recently. MANTA’s trading volume has increased by over 120% in the last 24 hours. This significant increase is indicative of the growing interest in this token from both investors and retailers.
Why is MANTA Transaction Volume Rising?
altcoinIn addition to the increasing transaction volume of , its price continues to rise. In this context, it has experienced an upward momentum of over 15% as of today. The primary driver behind this increase in price and volume is its recent listing on Binance as well as other popular exchanges such as ByBit, Bitrue, Bitget, and others.
However, it has been observed that the Total Value Locked (TVL) on the Manta Network has increased significantly and reached $429 million with 33 protocols. This increase in TVL propelled MANTA into the top 10 TVL list, contributing to continued price and volume growth even after its listing on the top cryptocurrency exchange.
Koinfinans.com As we reported, Altcoin is trading around $3.04 at the time of writing. Additionally, it has experienced a 15% upward momentum in the last 24 hours.
On the other hand, the token has seen a 34% price increase in both the 7-day and 30-day periods since its last listing.
However, it is worth noting that only 25% of MANTA’s total supply is currently in circulation. It is possible that concerns about a potential price drop in the future may arise if the remaining tokens enter circulation. However, there has been no official comment from the MANTA community on this issue yet.
Manta has become the most profitable token of recent times. In this context, it ranks 3rd among rising tokens.