Mantle Price Prediction 2025: Slow and Steady Runup Expected for MNT

Key Takeaways

• Mantle is a layer-2 scaling solution that came out in July 2023.
• The MNT price reached its all-time high on April 8 and has fallen since.
• Our price predictions suggest MNT could reach $0.64 next year.

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 serves as either the successor or rebranding of BitDAO’s BIT token. It has a ready-made user base and hopes to build on that.

Mantle announced  that its native token, MNT, would trade on the South Korean exchange Bithumb from February 13, 2024. Shortly afterward, the MNT price increased toward its all-time high but has fallen since April. 

On Oct. 28, 2024, the MNT price was $0.577.

Let’s now examine our price predictions for Mantle, made on Oct. 28, 2024. We will also examine the MNT price history and discuss what MNT is and does.

Mantle Price Prediction 

Let’s look at the MNT price prediction made by CCN on Oct. 28. 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. 

The most likely MNT wave count is bearish. The most likely count indicates that MNT completed an A-B-C corrective structure between October 2023 and April 2024. 

Then, another downward A-B-C structure started, and it is currently in wave C. The symmetrical triangle for wave B suggests this is the correct count. 

If wave C is 0.618 times longer than wave AA and has the same duration, MNT will fall to a low of $0.235 in February 2025. 

The MNT price prediction for the end of 2024 is $0.37.

Then, we will use the daily rate of decrease since the launch to develop an MNT price prediction for the end of 2025 and 2030. 

Measuring from July 2023, MNT has fallen by 5%, for a daily rate of decline of 0.11%. Projecting this decrease until the end of 2025 and 2030 leads to MNT price predictions of $0.53 and $0.46, respectively. 

MNT Price Prediction 2024

The wave count method predicts an MNT price range between $0.30 and $0.44 by the end of 2024.

MNT Price Prediction 2025

The wave count method and the daily rate of decrease give an MNT price prediction range between $0.42 and $0.64 for the end of 2024.

MNT Price Prediction 2030

The wave count method and the daily rate of decrease give an MNT price prediction range between $0.37 and $0.55 for the end of 2024.

Mantle Price Analysis

The weekly time frame MNT price chart shows a 61% decline since the all-time high of $1.51 in April. The downward movement led to a low of $0.48 on Aug. 5. 

While MNT bounced afterward (white icon), saving the $0.55 horizontal support area, it has returned to it once more and risks a breakdown. If one occurs, the next horizontal support will be at an all-time low of $0.34. 

Technical indicators do not give much hope for a bullish trend reversal. The Relative Strength Index (RSI) is below 50 and falling, while the Moving Average Convergence/Divergence is negative and falling.

MNT Short-Term Price Prediction

The MNT price prediction for the next 24 hours is bearish. If the price movement goes as expected, Mantle will break down from the $0.55 horizontal area and gradually decrease to $0.34.

Mantle Average True Range (ATR): MNT Volatility

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 Oct. 28, 2024, the ATR for MNT was 0.0064, a sign of low volatility.

Mantle Relative Strength Index (RSI): Is MNT Oversold or Overbought?

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 Oct. 28, 2024, MNT’s RSI was at 41, showing a bearish trend.

Mantle Market Cap to TVL Ratio

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 Oct. 28, 2024, the Mantle TVL ratio was 5, indicating overvaluation.

Mantle and the CCN Index

The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.

On Oct. 28, 2024, MNT scored 28.3 on the CCN Index, suggesting weak price momentum.

Mantle Price Performance Comparison

Mantle is a Layer-2 solution for Ethereum, so let’s compare it with other similar projects.

Best Days and Months to Buy MNT

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.

Advantages and Disadvantages of Mantle

CCN.com’s Senior Research Analyst, Toghrul Aliyev, examined Mantle and found the following advantages and disadvantages.

Advantages of Mantle

• High Total Value Locked : Mantle ranks in the top five platforms for TVL. Despite a smaller active user base, its users are willing to commit significant amounts of money to the ecosystem.
• Advanced Optimistic Rollup Design: Mantle’s optimistic rollup uses EigenLayer for data availability, allowing nodes to handle small data portions while maintaining the entire dataset. As a result, Mantle achieves lower latency and higher throughput compared to other solutions that build new networks from scratch.
• Permissionless Liquid Staking: Mantle allows users to stake ETH through its platform with permissionless, non-custodial liquid staking. As of July 2024, Mantle holds a 1.5% market share in the staking ecosystem. Although this may seem low, it places Mantle in the top 12 among nearly 100 staking platforms.
• Low Transaction Fees : The average fee on the Mantle blockchain is around 0.02 MNT, which translates to less than $0.02 per transaction. This makes Mantle appealing to developers and users who prioritize cost-effectiveness.
• Improved Scalability and Speed: Although Mantle may not be the fastest blockchain, it significantly improves Ethereum’s scalability with an average block time of 0.498 seconds. Faster block times can reduce transaction costs by decreasing network congestion and improving efficiency as new blocks are added more frequently, allowing more transactions to be processed. 
• Developer-Friendly Environment and EVM Compatibility: EVM compatibility benefits Mantle by leveraging the extensive Ethereum developer ecosystem. Developers can seamlessly use existing tools and libraries, which streamlines the development process. The compatibility ensures the smooth operation of Ethereum assets and tokens on Mantle. As a result, interoperability improves, entry barriers decrease, and adoption accelerates.
• Ethereum-Backed Security: Mantle leverages Ethereum’s security by executing transactions off the main chain and grouping them into batches for settlement on Ethereum’s Mainnet. This ensures that Ethereum’s consensus mechanism secures its transactions.

Disadvantages of Mantle

• Underutilized Throughput: Despite having a theoretical throughput of 500 TPS, Mantle has yet to reach this potential in practical use.  The maximum throughput achieved was 200 TPS in December 2023 . Since then, the average daily TPS  has been about five. Additionally, multiple other Layer 2 solutions have a higher theoretical TPS and have achieved higher practical TPS, which further shows Mantle’s underperformance. Low usage raises concerns about the blockchain’s real-world applicability and effectiveness, suggesting that user adoption remains low rather than Mantle being hindered by its operational challenges, such as network stability or technical limitations.

• Modest User Base : Mantle faces low adoption, with about 55,000 daily active addresses, which is not high compared to other layer 2 solutions. The limited user base results in a daily transaction volume of approximately 500,000 transactions. While the per-user activity of nine transactions per user is on par with other blockchains, the total daily transaction volume is still low due to fewer active wallets.

• Low Developer Activity : Mantle ranks 76th with only 638 repositories, 54th with 26 sub-ecosystems, 153rd with 131 weekly commits, and 92nd with 40 weekly active developers. Lower developer activity can result in more bugs, reduced software quality, fewer features, a smaller ecosystem, and slower development progress. It also means longer response times for issue resolution, less innovation, and a reduced ability to keep up with user demands and competitive advancements.
• Highly Competitive Industry: Mantle operates in a very competitive industry of Layer-2 blockchains. With numerous established platforms like Arbitrum, Optimism, and Base already capturing significant market share, Mantle faces challenges in differentiating itself and gaining traction.

MNT Price History

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. 

Mantle Market Cap

Market capitalization, or market cap, is the sum of the total number of MNTs in circulation multiplied by their price.

On Oct. 28, 2024, MNT’s market cap was $1.94 billion, making it the 44th-largest crypto by that metric.

Who Owns the Most Mantle (MNT) Tokens?

On Oct. 28, 2024, one wallet held nearly 45% of Mantle’s supply.

Richest MNT Wallet Addresses

As of Oct. 28, 2024, the five wallets with the most Mantle tokens  were

• 0x78605df79524164911c144801f41e9811b7db73d. This wallet held 2,792,875,084 MNT, or 44.91% of the supply.
• 0x2ebf891f4718eb8367013d8d975a1e5afcae277f. This wallet held 706,717,699 MNT, or 11.36% of the supply.
• 0xec949f12a3acab835f3eed8b54b7361a8fbb3ee0. This wallet held 500,000,000 MNT, or 8.04% of the supply.
• 0x5a076b2d0941f2bc9b49d05d3a1ff9c7acdc5e78. This wallet held 463,932,756 MNT, or 7.46% of the supply.
• 0xe1ab8c08294f8ee707d4efa458eab8bbeeb09215. This wallet held 335,994,166 MNT, or 5.40% of the supply.

Mantle Supply and Distribution

From the Mantle Whitepaper

In its technical documentation or whitepaper , Mantle says it is a technology stack for scaling Ethereum, and 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.

At its core, Mantle Network has been built with a modular architecture that combines an optimistic roll-up protocol with an innovative data availability solution. This allows Mantle Network to inherit security from Ethereum and offer cheaper and more accessible data availability.
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 (MNT) Explained

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 it is supported by the MNT token.

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.

How Mantle Works

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.

Is Mantle a Good Investment?

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 is also dependent on Ethereum being slow. 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.

Will Mantle go up or down?

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. 

Should I invest in Mantle?

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.

FAQs