Mantle has recently experienced a significant price surge, rising to approximately $0.93, with a 25% gain over the past week and a remarkable 65% increase for the month.
Despite the broader market lacking the exuberance typically seen during full-fledged altcoin seasons, Mantle’s bullish momentum has caught attention. The broader context is one of stagnation, with the crypto market currently positioned between Bitcoin and altcoin season.
Nonetheless, Mantle appears to be defying the general tone of caution, powered by multiple key developments in its ecosystem. Known for linking TradFi and DeFi with a focus on security and scalability, the token is seeing strong inflows from institutional and retail investors.
This article discusses Mantle’s price prediction and the factors behind its recent surge, as analyzed by crypto expert Jacob Crypto Bury. His video is available below and on his YouTube channel. He also highlighted Best Wallet, which he considers the top crypto wallet presale to buy right now.
What’s Fueling Mantle’s Uptrend? A Look at the Key Adoption and Liquidity Catalysts
A major catalyst for Mantle’s upward trend is the growing adoption of stablecoins within its network. The total market capitalization of stablecoins on the Mantle network has jumped by 23%, bringing the figure to around $650 million.
This influx of capital is also reflected in the derivatives market, where open interest has surged by 165%, rising from $20 million on July 1st to around $50 million to date according to CoinGlass.
These figures signal increased trader interest and liquidity flow into the ecosystem, a positive indicator of its health and potential for further upside.
In addition, according to Lookonchain, Mantle has joined the Ethereum Strategic Reserve with a substantial contribution of over 101,000 ETH, valued at approximately $388 million, demonstrating strong institutional confidence.
Another important metric pointing to Mantle’s growing traction is the boost in active addresses, although it’s still well below the euphoric levels seen in December 2024. During that period, the market experienced full altcoin season momentum, something the current cycle has yet to replicate.
Mantle Price Prediction
Historically, Mantle price has seen explosive price action during altcoin seasons, such as in March and December 2024. If a third altcoin season emerges, price projections suggest $MNT price could rise as high as $1.20 to $1.23, representing roughly a 40% potential gain from its current level.
However, there are reasons for tempered expectations. The overall market lacks enthusiasm and clear direction, making it uncertain whether Mantle’s rally can sustain in the short term.
Despite the recent 28% increase in just a few days, resistance levels around $1.23 could pose a significant challenge without broader market support or a resurgence in investor sentiment. The daily candlestick patterns hint at some bullish pressure, but traders remain cautious amid market indecisiveness.
Source – Daan Crypto Trades on X
According to Daan Crypto Trades, Mantle has shown strong performance in recent weeks, breaking above local highs and the daily 200MA/EMA, with rising on-chain metrics and price action.
The token has been consolidating within a wide $0.5–$1.5 range for the past 1.5 years and appears poised to retest the upper levels over time, with $0.85 marked as a key support area.
$BEST Token Gains Momentum as One of the Best Cryptos to Buy Alongside Mantle
Beyond Mantle, one emerging project highlighted is the Best Wallet token. With a presale already raising $14.5 million and a token price at $0.0254, it’s drawing attention as a real product with functional use.
Best Wallet is built as a mobile crypto wallet with practical utility, aiming to offer more lasting value than typical meme coins or speculative altcoins. It’s designed not only for seasoned traders but also for beginners seeking a reliable platform to learn how to invest in cryptocurrency.
Users can buy, store, deposit, send, swap, and manage their crypto portfolios, with integrated staking options and a wide range of supported chains, totaling more than 60.
The platform’s native token, $BEST, powers the ecosystem and provides additional benefits, including early access to new projects, reduced transaction fees, higher staking rewards, and participation in community governance.
In addition, the upcoming 2.10.0 release of Best Wallet brings a range of significant enhancements for crypto users. This update introduces full integration with the Solana blockchain, enabling users to trade Solana tokens and buy SOL through local on-ramp providers, depending on availability in their region.
Native Bitcoin swaps are now live, along with cross-chain transaction support, offering greater flexibility for a wide range of crypto activities. A newly introduced gamified rewards feature allows users to earn Best Wallet Points simply by engaging with the app daily.
On-ramp access has also been improved through the addition of more payment providers, making crypto purchases more convenient. The app now features a cleaner interface with smoother navigation. Full Korean language support has been implemented, with other languages set to follow soon.
Unlike many speculative crypto projects, Best Wallet distinguishes itself through a blend of practical utility and strong community engagement. This unique positioning gives some investors a reason to remain optimistic amid a sluggish market.
Supported by a successful presale and a series of upcoming improvements, Best Wallet continues to build momentum as the crypto space looks toward its next potential altcoin rally. To take part in the $BEST token presale, visit bestwallettoken.com.
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