The price of the Mantle (MNT) token demonstrates positive dynamics and is currently trading around $1.70. It has increased by 4% over the day, making it one of the market's leading gainers.
Overview of Mantle
The trading volume of Mantle has increased by almost 15%, indicating a high level of demand for the token. In recent weeks, one of the main factors for its growth has been the listing of Mantle futures on Coinbase International, which started on August 21. This opens new opportunities for traders, as Coinbase reaches over 110 million users worldwide.
Key Reasons for Growth
Several factors are influencing the price of Mantle:
1. Integration of MNT into the Bybit ecosystem, including the use of the token for fees and loyalty programs, creating steady demand.
2. The presence of a significant treasury and ecosystem funds controlled through governance, minimizing dilution risks.
3. Mantle ranks highly among Layer-2 networks in total value locked and stablecoin availability, indicating real usage.
4. The influx of new users due to the popularization of the 'BNB 2.0' module on Bybit.
Future Prospects for Mantle
Considering recent successes, such as global liquidity from Coinbase and active incentives from Bybit, Mantle has good prospects for further growth. If the price can hold above $1.40–$1.51, further movement towards $2.50 and $3.00 in the coming weeks is projected. With strong fundamentals and growth, the $3 target appears achievable.
Thus, Mantle (MNT) is in an interesting market situation, with strengthening fundamentals and support from major exchanges. The next steps could significantly impact the token's price movement.
