MNT (Mantle) rose 4.85% in 24 hours

Gate News Bot news, on September 24, according to CoinMarketCap, as of the time of writing, MNT (Mantle) is currently priced at $1.80, with a 4.85% rise in the last 24 hours, reaching a high of $1.90 and a low of $1.47. The 24-hour volume is $662 million. The current market capitalization is approximately $5.863 billion, an increase of $271 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 accessible financial world powered by tokenization technology and open to everyone. MNT, as the core of the Mantle ecosystem, plays a key role in governance, staking, and driving decentralized economic innovation. Mantle Network is an Ethereum Layer 2 network known for its modular design and being one of the first adopters of EigenLayer and EigenDA, providing the foundation for its diverse products and applications.

Important news about MNT recently:

1️⃣ The price continues to rise strongly The price of MNT has shown a strong pump momentum, rising from $1.75 to the current $1.80 since September 17. This ongoing rise reflects the market's increasing confidence in the Mantle project, while also highlighting the popularity of Layer 2 solutions in the current cryptocurrency market.

2️⃣ Volume significantly rises The 24-hour volume of MNT has risen from $582 million on September 17 to the current $662 million, an increase of 13.75%. The significant rise in volume not only enhances market liquidity but also provides upward momentum for the price of MNT, indicating that investor interest in the Mantle ecosystem is continuing to heat up.

3️⃣ Market capitalization steadily rises With the rise in price, the market capitalization of MNT has increased from 5.684 billion USD on September 17 to the current 5.863 billion USD, a rise of 3.15%. The steady growth in market capitalization not only reflects the improved position of MNT in the market but also further consolidates its competitiveness in the Layer 2 sector.

From a technical perspective, the current price of MNT has broken through the previous high of 1.77 dollars, forming a new resistance level at 1.90 dollars. 1.47 dollars remains a key support level, and whether it can hold this level will influence the recent trend. On the fundamental side, Mantle's positioning as an Ethereum Layer 2 solution and its continuous innovation in the DeFi space lay a solid foundation for the long-term development of MNT.

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