Mantle (MNT) Price Prediction 2023-2032: Will MNT Reach $1 by 2023?

Mantle's MNT/USD price has decreased 3.34% over the past 24 hours to $0.61. This is contrary to the coins performance over the past week where it has experienced an up-trend of 5.0%, moving from $0.59 to its current price.

Mantle (MNT/USD) price decreased 3.34% over the last 24 hours to $0.61. This comes despite the coin rising 5.0% over the past week, moving from $0.59 to its current price.

The chart below compares the price movement and volatility for Mantle over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Mantle price analysis for the day. Source: Benzinga Pro

Mantle price analysis for the week. Source: Benzinga Pro

The trading volume for the coin decreased 26.0% over the last week, and the overall circulating supply of the coin decreased 0.05% to over 3.27 billion. This puts its current circulating supply at an estimated 52.53% of its max supply, which is 6.22 billion. The current market cap ranking for MNT is #41 at $1.99 billion.

Mantle is a Layer-2 scaling solution for the Ethereum (ETH/USD) blockchain. It is designed to increase the throughput and reduce the gas fees of the network. Mantle was launched in September 2022 and is currently in the testnet phase.

The price of MNT is influenced by several factors, including the performance of the Ethereum network, the adoption of Layer-2 solutions, and the overall cryptocurrency market conditions.

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