MNT (Mantle) rose 14.82% in the last 24 hours

Gate News Bot news, on September 10th, according to CoinMarketCap data, MNT (Mantle) is currently priced at $1.37, with a rise of 14.82% in the last 24 hours, reaching a high of $1.38 and a low of $1.09. The 24-hour volume is $469 million. The current market capitalization is approximately $4.463 billion, an increase of $576 million compared to yesterday.

Mantle is a blockchain platform focused on banking and on-chain finance. Its vision is to create a free, efficient, and open financial world driven by tokenization technology and accessible to everyone. MNT, as the core of the Mantle ecosystem, plays a key role in governance, staking, and driving decentralized economic innovation. The Mantle network is an Ethereum Layer 2 solution known for its modular design and as one of the first adopters of EigenLayer and EigenDA, providing the foundation for its diverse products and applications.

Important recent news about MNT:

1️⃣ Price reaches a new high in 16 months MNT price continues to rise, approaching the highest point in 16 months. This strong performance reflects the increasing market confidence in the Mantle project and the popularity of Layer 2 solutions in the current cryptocurrency market.

2️⃣ Liquidity has significantly increased The Mantle network has recently experienced a significant peak in liquidity inflow. The increased liquidity not only enhances trading efficiency but also provides upward momentum for the MNT price, demonstrating investors' strong interest in the Mantle ecosystem.

3️⃣ Seven-day rise reached 35% MNT has surged 35% in price over the past week, becoming one of the best-performing cryptocurrencies in the market. This significant rise has sparked speculation among investors about its next price target, while also reflecting Mantle's competitiveness in the Layer 2 space.

From a technical perspective, the current price of MNT has broken through several important resistance levels, but it also faces the pressure of profit-taking. $1.15 has become a key support level, and whether it can maintain this level will affect the short-term trend. On the fundamental side, Mantle's positioning as an Ethereum Layer 2 solution, along with its continuous innovation in the DeFi field, lays the foundation for the long-term development of MNT.

This message is not investment advice; investors should be aware of market volatility risks.