Can MANTA still become a dark horse in the bull market this year?
First of all, MANTA was issued in January this year, and its current market value is about 460 million US dollars. Unlike those altcoins whose market value reached billions or even tens of billions of dollars at the time of issuance, MANTA has a lower market value, and the amount of funds required for later pull-ups is relatively small. Since MANTA is a newly issued currency this year and has not experienced the baptism of the bull market, there is no lock-in plate above. In contrast, altcoins such as DOGE performed well in the last round of bull market, but there are still many lock-in plates above, and the selling pressure is huge. Therefore, MANTA has more advantages than DOGE in this regard.
Recently, the MANTA community has been actively promoting the progress of the project. The first is the familiar staking activities, and the second is to take out a part of the tokens to reward early developers, adopters and ecosystem partners. In addition, 11,500 MANTAs are provided as publicity rewards for Binance Square authors. This scale of publicity is not something that any garbage altcoin can afford. At this stage, it is still in the bull market cycle, and MANTA has unlimited potential in the future.
From the daily level, MANTA is currently running above the moving average. In the short term, 1.37 is the bottom support level of MANTA. Around 2.8 above is the high point of MANTA's recent heavy selling. As long as the price rebounds and breaks through or stands above 2.8, MANTA is expected to continue to hit new highs.
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