Last upgraded: January 22, 2024 11:40 EST|3 minutes checked out
Manta Network Price/ Source: TradingView
Following recently’s interesting launch of brand-new procedure Manta Network, the Manta Network (MANTA) rate has actually been pumping.
The Manta Network cost was last around $2.45 per token, up around 8% in 24 hours based on CoinGecko.
According to CoinGecko, MANTA is the 2nd most trending cryptocurrency of the day.
The Manta Network’s cost of $2.45 provides it a strong market cap of more than $600 million.
Manta Network Price Prediction– Next Crypto Unicorn?
The Manta Network rate’s strong start to life likely has a lot to do with its airdrop.
Traders hurried to deposit almost $1 billion in Ether to its network recently in order to protect a share of these tokens.
That saw the network rapidly rank as the 4th biggest layer-2 procedure by TVL.With growing buzz and MANTA relatively in an upward pattern channel, MANTA might quickly end up being a crypto unicorn.
Manta Network Price/ Source: TradingView
Crypto unicorns are specified as coins with a market cap of more than $1 billion.
The Manta Network includes 2 layer-2 blockchains.
It’s simply released layer-1 procedure is called Manta Atlantic.
Its Celestia layer-2 procedure is called Manta Pacific, and declares to have actually conserved users over $1 million in gas costs.
With @CelestiaOrg below, #MantaPacific has actually conserved its users a cumulative $1m in gas costs over the previous month. That is really effective scalability possible just on Manta Pacific.
Gas cost savings tracker: https://t.co/DoOYeQw8FZ pic.twitter.com/H3gK7EtNOs
— Manta Network (,) #MantaNewParadigm (@MantaNetwork) January 21, 2024
Manta Network Problems
In Spite Of the Manta Network cost’s strong start to life, the launch hasn’t lacked issues.
The Manta Network was struck with a DDoS attack right away upon launch.
⚠ Because of the other day’s DDoS attack, the network has actually collected a big line of current deals. This is causing longer deal times and effect on gas charges. We know this concern and working to solve it.
— Manta Network (,) #MantaNewParadigm (@MantaNetwork) January 19, 2024
This hindered the issuance of its interesting $MANTA token airdrop.
Crypto lovers have actually been vital of Manta Network staking.
I was going to share a guide today demonstrating how to stake $MANTA however I do not believe it’s beneficial.
— No MetaMask assistance
— Min requirement of 1,000+ $MANTA
Seems like more trouble than it’s worth for many people.
I’m sure we will see brand-new staking services soon.
— Posty (@PostyXBT) January 20, 2024
Manta Network Alternative to Consider– Bitcoin Minetrix ($BTCMTX)
An interesting brand-new decentralized Bitcoin mining procedure called Bitcoin Minetrix is creating a great deal of buzz.
