#Manta. The opening of CeDeFi has directly released opportunities for on-chain users to go beyond simple DeFi solutions. This is undoubtedly a good thing for the price of MANTA, and the current price has already shown a bullish trend.
Let’s talk about the market trend first. Currently, MANTA has been falling continuously on the daily chart. The pressure must be very great after hitting the previous high of $4 twice.
The indicators MACD and RSI have shown an upward momentum, and the bullish sentiment of RSI is relatively more obvious. It is currently running near the zero line and still maintains an upward shape, which shows that the current buying sentiment has improved significantly.
The short-term pressure level above is 2.1-2.2 US dollars. This position is the pressure level of the previous decline and there is a large upward resistance.
MANTA's next strategy should be to make a more obvious pull-up. Although nearly 3 million US dollars worth of tokens will be unlocked in 4 days, this part of the chips will most likely not be sold. The main chips to be unlocked are Advisors chips. The structure of Advisors includes: market business strategy chips, investment and financing chips, community building and public relations chips. Therefore, these three economic model structures are highly related to the project party, so it is very likely that these chips will not be sold in large amounts.
Considering that there is a high probability that there will not be a large-scale sell-off, we should pay attention to and operate around the $1.63 - $1.6 level. There is a 10% downside potential, and we should probably build and increase positions at $1.63.
It is recommended to deploy a long-term holding strategy. It is estimated that the return will be nearly 1-2 times in about 1 month.
What changes will the CeDeFi solution bring?
First of all, the chains supported by MANTA are:
BNB Chain (BTCB, USDC, USDT),
Ethereum (WBTC, USDT, USDC, ETH)
Manta Pacific (ETH, STONE, supports wUSDM)
Through these three networks, users can pledge their assets into the MANTA network to earn income.
MANTA CeFi's revenue comes from Ceffu, a regulated and qualified custodian of crypto assets, formerly Binance Custodianship. Ceffu provides institutional-grade management of crypto assets, which is traditionally only accessible to high-net-worth individuals. Manta CeDeFi unlocks access rights for users in the Manta ecosystem, directly delegating more professional content to users, and is friendly to whale addresses that like to stake for stable returns.
It is in line with the preferences of more retail investors who provide pledges and has a more professional selection dashboard.
What changes will there be in MANTA data?
The current value of assets staked on the MANTA network is as high as $768.65 million. The CeDeFi activity has been going on for 8 days, and the staked amount has reached $119 million. The current staked return is 17.5%. This shows that the activity is very popular among stakers.
The project team cleverly integrated CeDeFi into TVL management through Ceffu custody, ensuring the compliance, security and transparency of assets. In fact, in theory, it promoted the rewards for staking and encouraged users to earn more 17.5% returns through staking.
Increase your own pledge amount to provide lactation output for more than 200 projects in the ecosystem, promote the activity of the projects and build your own ecosystem.
You can also earn MANTA points through staked assets, and receive MANTA airdrops every month to increase your rate of return, which is a passive income of CeDeFi.
What is worth noting is the token unlocking on May 31st, when 1.87 million MANTA worth US$3.19 million will be unlocked, and the total circulation will be 323 million.
Looking back at every time a project with a staking reward activity is launched, there will be a significant wave of increases. Although these staking data will not directly affect the price of the project currency, from a long-term perspective, the same situation exists for both OP and ARB.
In addition, as a modular project, MANTA’s benchmark product is of course Celestia. TIA’s market value of US$1.6 billion will also greatly increase MANTA’s foreseeable space!
The launch of CeDeFi activities will also increase MANTA’s chances of entering the 1 billion market value lineup!