- Mantle (MNT) rallied practically 40% since Aug 2, hitting $0.87 with buying and selling quantity up 274% as UR neobank beta hype builds.
- Robust inflows, trade withdrawals, and a golden cross on MACD recommend momentum might push towards the $1.00 mark.
- With $1.4B TVL and increasing Web3 instruments like AI-powered DeFi, Mantle is positioning itself as a critical “blockchain for banking” contender.
Mantle’s been on a tear. Since August 2, MNT has rallied practically 40%, buying and selling as excessive as $0.95 earlier than cooling off barely to round $0.87. That’s a six-month excessive. Buying and selling quantity? Up 274%—practically half a billion {dollars} in a day. Not dangerous for a market that’s largely been dragging its ft.
The hype? It’s all circling round UR—the upcoming neobank backed by Mantle and set to shut beta testing on August 8. Of us are calling it a borderless, blockchain-powered finance layer with multi-currency accounts and debit playing cards. With 123,000 customers already energetic, it’s bought some traction earlier than it’s even launched.
Community Energy & Institutional Flows Push Momentum
Basically, Mantle’s lookin’ stable. TVL is sitting at $1.4B, whereas stablecoin provide simply hit $500M (and rising). What’s extra fascinating? MNT pulled in $26.96M in bridge inflows—outpacing Ethereum and Polygon mixed throughout the identical interval.
And it’s not simply flowing in. A bunch of MNT was additionally pulled off exchanges—$9.85M price from Bybit and $2.16M from Upbit. That type of outflow often hints that merchants are shifting their luggage to chilly storage… or ready for greater costs.
Technical analysts are additionally watching intently. A golden cross simply confirmed up on the MACD, and MNT has been respecting its 100-day SMA like clockwork—traditional indicators of bullish continuation. Proper now, value is bouncing round between $0.75 and $0.85, however many eyes are set on that $1.00 psychological stage.
$1.00 Resistance, Then What?
Merchants are cut up. Some say MNT’s simply getting began, whereas others suppose it’d hit resistance quickly. However a number of daring calls are floating round. One analyst, Crypto Patel, dropped a wild projection: potential targets at $1.42, $3.00… even $5.00 if the celebrities align. That’s a giant “if,” however hey—crypto’s nothing if not chaotic.
Mantle’s additionally pushing deeper into Web3 territory—constructing liquid staking platforms and even messing with AI-driven DeFi. They’ve branded themselves “the blockchain for banking,” and not less than for now, that narrative’s sticking.