Token

Mantle

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-capitalize-on-mnt-token-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Capitalize on MNT Token Surge</a><br></p>
<p style="text-align: justify">The Mantle network’s native <a href="https://en.bitcoinhaber.net/dogecoin-and-shiba-inu-rise-amid-positive-crypto-market-sentiment" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a>, MNT, has seen a significant uptick in its price, driving investors to prepare for selling their holdings. Over the past week, MNT’s value has risen by 17%, reaching $0.8935. This price increase has led to a noticeable influx of MNT tokens onto exchanges, indicating that investors are looking to cash in on the recent gains.</p>
<h2 id="what-is-driving-the-current-market">What Is Driving the Current Market?</h2>
<p style="text-align: justify">As reported by Santiment, 321 million MNT tokens, worth approximately $286 million, are currently held in exchange wallets. This represents a 3% increase over the last six days, with a significant uptick noted on July 17. Typically, a higher supply of tokens on exchanges suggests that investors are preparing to sell, potentially to take advantage of profitable transactions.</p>
<p style="text-align: justify">Further <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data reveals</a> that the seven-day average of the daily on-chain transaction volume’s profit/loss ratio shows that for every loss-making transaction, there are 1.59 profitable ones. This trend underscores the profitability of recent transactions, prompting many investors to consider selling their MNT tokens.</p>
<h2 id="how-much-will-mnt-be-worth">How Much Will MNT Be Worth?</h2>
<p style="text-align: justify">If the selling trend continues, MNT could face downward pressure, potentially causing the price to drop to $0.80, or even $0.50 if the demand significantly decreases. Conversely, if buying interest increases, the price could rise to $0.93. MNT’s current market cap stands at $2.92 billion, with a 24-hour trading volume of $193 million, ranking it 31st overall.</p>
<h2 id="key-investor-insights">Key Investor Insights</h2>
<p style="text-align: justify">Here are some actionable insights for investors:</p>
<ul>
 <li>Monitor the volume of MNT tokens moving to exchanges, as it may indicate upcoming selling pressure.</li>
 <li>Consider the profit/loss ratio of transactions to gauge market sentiment.</li>
 <li>Keep an eye on price thresholds of $0.80 and $0.50 for potential entry points if the price drops, or $0.93 for selling opportunities if the price rises.</li>
 <li>Track 24-hour trading volumes and market cap rankings to assess market dynamics and liquidity.</li>
</ul>
<p style="text-align: justify">These insights can help investors make informed decisions amid the fluctuating MNT <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-capitalize-on-mnt-token-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Capitalize on MNT Token Surge</a></h5>

Investors Capitalize on MNT Token Surge

Table of Contents

BH NEWS

Other articles published on Jul 23, 2024

Binance’s latest 1.6M token burn – Enough to push BNB above $600?

Ethereum Is Mirroring Bitcoin’s Price Action: Is This Good News or Bad News for Altcoins

Bithumb Introduces AVAIL to KRW Market

Ankr Price Prediction 2024-2030: Will the ANKR price go up?

Why AOC’s ‘Special Interest’ Label on Crypto is Stirring Controversy

WazirX Doubles Bounty as Hacker Moves $57 MIllion in Stolen Ether; Will It Work?

Join our free newsletter for daily crypto updates!