Key Takeaways
Mantle was one of the hottest topics in the world of crypto in July 2023, when it was launched. The layer-2 scaling solution launched its mainnet and its MNT token and soon saw success, shooting up the price charts.
Depending on how one views things, Mantle is either the successor or rebranding of BitDAO’s BIT token. It has a ready-made user base and hopes to build on that.
In late 2024, MNT rallied somewhat, boosted by the news that it was changing its programming . It moved above the dollar and peaked at above $1.40 in early January.
On Jan. 24, 2025, the MNT price was about $1.20.
Let’s now examine our price predictions for Mantle, made on Jan. 24, 2025. We will also examine the MNT price history and discuss what MNT is and does.
Let’s look at the MNT price prediction made by CCN on Jan. 24, 2025. We will use the wave count method to arrive at our predictions and then add and remove 20% from the final targets to create the minimum and maximum Mantle price predictions.
Minimum Mantle Price Prediction | Average Mantle Price Prediction | Maximum Mantle Price Prediction | |
---|---|---|---|
2024 | $0.92 | $1.15 | $1.38 |
2025 | $0.36 | $0.45 | $0.54 |
2030 | $3.05 | $3.75 | $4.45 |
The most likely count suggests that MNT is in wave C of an A-B-C corrective structure (yellow). The sub-wave count is in white, showing that MNT is in the fifth and final sub-wave of this increase.
Giving wave C the same length as wave A leads to a target of $1.68. The same target is found by the 1.61 external Fibonacci retracement of wave four (black) at $1.66.
Afterward, Mantle could begin a lengthy downward movement. During this projected decline, the wave count method gives an MNT price prediction of $1.15 and $0.45 for the end of 2025 and 2026, respectively.
Finally, we will use the daily rate of increase for the last year to create an MNT price prediction for the end of 2030.
The MNT price has increased by 30% since January 2024. Projecting this increase until the end of 2030 leads to a price of $3.75
The wave count method predicts an MNT price range between $0.92 and $1.38 by the end of 2025.
The wave count method and the daily rate of decrease give an MNT price prediction range between $0.36 and $0.54 for the end of 2026.
The wave count method and the daily rate of increase give an MNT price prediction range between $3.05 and $4.45 for the end of 2030.
After trading inside a horizontal range between August and November, MNT accelerated its upward movement and ended the year on a rally. The MNT price reached a high of $1.42 on Jan. 5, only slightly under the all-time high price of $1.51.
MNT fell afterward, seemingly breaking down from the $1.08 horizontal support area, and fell to a low of $0.92 on Jan. 20. However, MNT has rallied by 35% since and is creating its fifth successive bullish candlestick. The Mantle price also cleared the 0.618 Fibonacci retracement resistance level at $1.23, often acting as the top if the movement is corrective.
Technical indicators have turned bullish. The Relative Strength Index (RSI) just increased above 50, and the Moving Average Convergence/Divergence (MACD) has just made a bullish cross (black circles). Both are considered positive signs associated with a bullish trend.
So, the daily time frame suggests that Mantle will continue to increase.
The MNT price prediction for the next 24 hours is bullish. The price will likely continue increasing until it reaches a new all-time high.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
On Jan. 24, 2025, the ATR for MNT was 0.1061, a sign of average volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Jan. 24, 2025, MNT’s RSI was at 56, showing a somewhat bullish trend.
The Total Value Locked (TVL) to market cap ratio (TVL ratio) measures the valuation of a decentralized finance (DeFi) project by comparing its market capitalization to the total value of assets locked in its smart contracts.
This ratio shows the project’s utilization and links the platform’s health to locked asset value.
A ratio above 1.0 indicates overvaluation because the market cap exceeds the value of assets used in the platform. A ratio below 1.0 indicates undervaluation because the market cap is lower than the value of locked assets.
On Jan 24, 2024, the Mantle TVL ratio was 9.03, indicating overvaluation.
The CCN Strength Index combines an array of advanced market signals to measure the strength of individual cryptocurrencies over the last 30 days.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but as volatility decreases, the score will slowly adjust back up.
On Jan. 24, 2025, Mantle scored 45.9 on the CCN Index, suggesting moderate momentum.
Mantle is a Layer-2 solution for Ethereum, so let’s compare it with other similar projects.
We looked at the Mantle price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, indicating the best times to buy MNT.
Time to Buy MNT | Days, Months, and Quarters |
---|---|
Best Day | Wednesday |
Best Week | 13 |
Best Month | February |
Best Quarter | First |
CCN.com’s Senior Research Analyst, Toghrul Aliyev, examined Mantle and found the following advantages and disadvantages.
Let’s now take a look at the Mantle price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a Mantle price prediction.
Period | Mantle Price |
---|---|
Last Week (Jan. 17, 2025) | $1.15 |
Last Month (Dec. 24, 2024) | $1.24 |
Three Months Ago (Oct. 24, 2024) | $0.603 |
Last Year (Jan. 24, 2024) | $0.633 |
Launch Price (July 17, 2023) | $0.5905 |
All-Time High (April 8, 2024) | $1.51 |
All-Time Low (Oct. 18, 2023) | $0.3136 |
Market capitalization, or market cap, is the sum of the total number of MNTs in circulation multiplied by their price.
On Jan. 24, 2025, MNT’s market cap was $4.14 billion, making it the 35th-largest crypto by that metric.
On Jan. 24, 2025, one wallet held nearly 45% of Mantle’s supply.
As of Jan. 24, 2025, the five wallets with the most Mantle tokens were
Supply and distribution | Figures |
---|---|
Maximum Supply | 6,219,316,794 |
Circulating supply as of Jan. 24, 2025 | 3,364,694,382 (54.1% of maximum supply) |
Holder distribution | Top 10 holders owned 90.06% of the supply as of Jan. 24, 2024 |
Mantle says it is a “technology stack for scaling Ethereum ” in its technical documentation or whitepaper.
It adds: “We strive to be EVM-compatible. Being EVM-compatible means all the contracts and tools that work on Ethereum also work on Mantle Network with minimal modifications. Users can experiment with exciting web3 apps, and developers can deploy smart contracts in an efficient, low-fee environment.”
Although Ethereum (ETH) is the largest blockchain for giving people somewhere to develop their decentralized applications (dApps), it is not without its problems. Historically, Ethereum was a very slow system, meaning that transactions took longer to process and cost people more money.
Although Ethereum’s switch from a Proof-of-Work consensus mechanism to a Proof-of-Stake one helped the system somewhat, there was already a market for protocols that made the blockchain work quicker.
Layer 2 scaling solutions take transactions off blockchains, carry them out elsewhere, and return them to the blockchain. Mantle , launched in 2023 by the BitDAO organization, is a layer 2 scaling solution based on Ethereum, and the MNT token supports it.
BitDAO’s previous crypto, BIT, was swapped for MNT on a 1:1 basis. This meant that BIT holders got the same amount of MNT in return for their old tokens.
Pascal Leblanc is the current CEO, CTO, founder of Mantle, and co-founder of Ambo Technology. He previously worked at EY as a Blockchain Strategist and attended the University of Quebec at Trois-Rivières.
Mantle uses optimistic roll-ups to process transactions. This means that the transactions are carried out away from the system and are assumed to be valid. However, people can still flag up what they consider to be fraudulent transactions.
This system, at least in theory, helps reduce slowness on the platform.
Mantle’s MNT cryptocurrency is used to pay for fees on the network. People can also stake it or set it aside if they want to operate one of the computers or nodes that help the system run. Holders can vote on changes to the platform and be bought, sold, and traded on exchanges.
Because Mantle is based on Ethereum, it is a token, not a coin. You might see references to such things as a Mantle coin price prediction, but these are wrong.
It is hard to say. A lot will depend on how the market as a whole is able to perform in the coming weeks. Remember that MNT must attract people who would not have bothered with BIT while keeping BitDAO investors on board.
As a Layer-2 scaling solution, it also depends on slow Ethereum. If Ethereum’s Proof-of-Stake consensus mechanism helps it speed up, then Mantle and its ilk will become effectively redundant.
As always with crypto, you should do your own research before deciding whether or not to invest in MNT.
No one can really tell right now. While the Mantle crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before you decide whether or not to invest in Mantle, you will have to do your own research, not only on MNT but on other related coins and tokens such as Arbitrum (ARB). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Valdrin Tahiri.
Our price predictions suggest that Mantle will not reach $1 in the near future.
The MNT token is used to pay for transactions on the Mantle layer-2 scaling solution platform. It also gives holders the right to vote on changes to the network, and it can be bought, sold, and traded on exchanges.