🟢 Daily Top Crypto Gainer – Aug 6


@Mantle_Official $MNT | $0.918
+18.36% over the past 7 days

Why It’s Pumping:
Mantle is riding a mix of bullish technicals, major product rollouts, and investor confidence tied to its massive ETH-backed treasury.

What’s Driving It:
• Technical Breakout: Cleared $0.82 resistance for the first time since Feb. 20% intraday spike on 280% volume surge.
• Ecosystem Expansion: Launch of Mantle-based neobank and $400M tokenized fund pushed adoption.
• ETH Reserve Confidence: 101,867 ETH ($388M) in treasury deepens trust and buffers sell pressure.
• TVL & Inflows: Stablecoin inflows rose 22.85% to $653M; TVL now $233M and growing.

What to Watch:
• RSI at 73.81 hints at potential consolidation, but momentum still favors bulls.
• Neobank beta ends Aug 8—watch user adoption post-launch.

Conclusion:
Mantle’s rally is backed by fundamentals, not hype.
A breakout Layer-2 with capital, product velocity, and Ethereum-native credibility. If the trend holds, $1.06–$1.30 could be next.
MNT-4.41%
WHY6.96%
MAJOR12.35%
ETH3.64%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)