IN THIS ARTICLE I will analise the project, the investors, the tokenomics and the the price
$MANTA can reach.
What is MANTA?
Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas cost than an L2.
Employing a two-layer structure, the Manta Network architecture utilizes Manta Pacific, which operates on Ethereum as a Layer 2 solution, and Manta Atlantic, associated with Polkadot for Layer 1 solutions. Its modular approach is designed to facilitate efficient and scalable zero-knowledge applications.
So we can see that the manta Network can be used in different blockchains, what is a positive point, also if we check the official site we can see that manta network is powered by Celestia, Polkadot, Polygon an OP Stack, what means that there are good projects interested in manta network.
Investors
There are three TIER 1 investors, icluding Binance Labs, eleven TIER 2 investors, and six TIER 3 investors in Manta network. What is a good point, that means that the project is not a scam and have a good potencial to grow.
Fundraising💰
Also we can check the price and the allocation they bought on private sales.
In the pre-seed round investors bought 12.94% of total supply with a 0.0085$ price per token, with total of 129.40Million tokens bought, with a total of $1.1Million invested. Already having 365x ROI.
In seed round, without Tier 1 investors, they bought 6.17% of total supply with a 0.089$ price per token. With total of 61.7Million token bought and with a total of $5.5Million invested. Already having a 34.81x ROI.
In serie A they bought 5.00% of total supply with a 0.50$ price per token. With total of 50 Million tokens bought and with a total of $25 Million invested. Already having a 6.21x Roi.
So in total the investors bought 24.11% of total supply and invested $31.6 Million dollars.What is a big investment, showing interest in this project.
Tokenomics🔥
Manta have already 26% unlocked, with a total supply of 1 Billion coins, with a $796 Million Market Cap.
If we compare Manta with some similar projects like ARB and OP, which are Layer 2 solution on Ethereum blockchain too, we can see that these projects have more then $2 Billion dollars market cap. ARB with $2.3 Billion and OP with $3.7 Billion market cap. So if the Manta reach $2 Billion market cap it will cost $7.5 what is 2.5x ROI from $3 price. But we need to understand that these two projects are new, and haven't totally particpated in the last bullrun.
So let's compare Manta with some older projects that are Layer 2 solution on Ethereum Blockchain, Polygon( Matic) reached $20 Billion market cap, in the last Bullrun, and currently almost have $10 Billion market cap in dollars. That mean that if Manta reach at least $10 Billion market cap it will cost $37 per token, it will have a 12x ROI. But we need to understand that it is a very interesting and a project with a good future, due to what i mentioned before, so it have potencial to grow more.
The investors and the team haven't received any tokens yet, they have the first unlock only in the end of January of 2025. That means that they will be interested to pump and munipulate that project to grow, to sell after with a good profit. Even the bullrun will start in this year, so they will take advantage and pump more the token price.
So don't loose your chance to have more then 10x ROI on Manta network.
When is better to buy MANTA?🚀🚀🚀
Manta is now trading with a 3.50$ price.
Now you need to wait to the price starts going down,don't buy on high, buy lower then 3.2$ price or whait even more and buy on $2.90 level. I bought on 2.45$ price, and will sell it with a 25$ and 30$ price.
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I wish you all big profits in your portfolio!!!
Always do your own research(DYOR)
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