Recent developments in the crypto world are promising for both Bitcoin and Manta Network. In addition to Bitcoin's expected leap in the last quarter of 2024, Manta Network also stands out as a promising project. Here are the current analyzes of these two cryptocurrencies.
Manta Network: Potential Rise
$MANTA Network stands out as one of the projects that is rapidly attracting attention in the crypto world. Manta, which prioritizes anonymous transactions and user privacy, finds a wide area of ââuse, especially in the #DeFi ecosystem. According to estimates, the Manta Network price may increase by 224.71% as of October 26, 2024, reaching $2.78. Technical indicators, although showing a neutral outlook in the short term, indicate that its long-term potential is great.
Looking at Manta Networkâs 30-day performance, it has 16/30 (53%) green days and recorded a price volatility of 9.32%. Furthermore, Mantaâs Relative Strength Index (RSI) value is currently at 68.05, indicating that the market is neither oversold nor overbought. While there may be price fluctuations in the short term, there are indications that Manta has strong upside potential towards the end of 2024.
Bitcoin: In an Uptrend
#Bitcoin looks set for a major rally in the last quarter of 2024. Notably, analysts are noting that the upward trend will continue as long as the Bitcoin price is trading below the $70,000 level.
Popular crypto analyst Kaleo predicts that the real uptrend for this cycle has yet to begin, with $BTC set to see a significant rally in Q4 2024. According to Bitcoinâs weekly RSI data, significant uptrends have been recorded in the past following similar trend breaks. The RSI breakout in January 2023 sent the price of #btc soaring by 331% to an all-time high of $73,777.
Crypto analyst Trader Mayne, on the other hand, states that Bitcoin could correct to $60,000 in the short term, but then reach $74,000.
Conclusion
Manta Network is rising as a project with great potential in the crypto world with its privacy and anonymity solutions. According to technical analysis, a serious price increase is expected in the last quarter of 2024. On the other hand, Bitcoin also seems ready to rise during this period, and analysts predict a big jump as long as it remains above important levels.
It may be important for investors to keep a close eye on these two projects, as both Manta Network and Bitcoin are on track to become major players in the crypto markets in 2024.
