Manta Network Price Prediction: MANTA Pumps 9%, But Analysts Say Consider This Potential Pepe Killer For 100X Gains
Release: 2024/01/30 02:19 Reading: 823
The Manta Network price has pumped 9% in the last 24 hours to trade at $3.66 as of 8:30 a.m. EST.
Manta Network Price Prediction:
Looking at 1-hour MANTA/USDT, we can analyze that the price is currently sitting between the middle band (the 20-period Simple Moving Average) and the upper band, which suggests that the market is in a neutral state. The bands are moderately wide, indicating some volatility. The price has touched the upper band a few times, suggesting potential resistance levels.
The Relative Strength Index (RSI) is around 53, which is in the neutral territory. This indicates that the market is neither overbought nor oversold. There seems to be no immediate indication of a trend reversal based on the RSI, however, the southern trajectory could mean some bear action.
Additionally, the Moving Average Convergence Divergence (MACD) line is above the signal line but appears to be converging towards it, suggesting a potential decrease in momentum on the Manta Network price. However, since they are still in positive territory, the overall trend might still be considered bullish unless the MACD crosses below the signal line.
On the other hand, the Average Directional Index (ADX) is around 26.69, which suggests a weak to moderate trend. This level indicates that while there is a trend, it may not be very strong.
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MANTA 1-day chart | Source: TradingView
Meanwhile, as the Manta price pumps, Sponge V2, the successor to Sponge ($SPONGE), is attracting interest among investors and is ranked among the best meme coins to invest in 2024.
Is Sponge V2 A Better Meme Coin?
Sponge V2 boasts a plethora of innovative Features, with its standout offering being the groundbreaking Play-to-Earn (P2E) gaming functionality. This innovation seamlessly blends exciting gameplay with active user engagement.
Soon, Sponge V2 is set to be listed on various international exchange platform, a move that presents a fresh opportunity for those who missed out on its astounding 100x growth from the previous year.
10 exchanges not enough? ?#SpongeV2 will be listed on BIGGER AND BETTER exchanges! ?
You’re not ready for what’s coming next ?#SpongeV2 #MemeCoin #Presale pic.twitter.com/LdXRYu65Z8
— $SPONGE (@spongeoneth) January 23, 2024
SpongeV1, which made its debut on prominent centralized digital currency exchanges such as LBank, Toobit, and BitMart, managed to attract over 13,000 investors. This resulted in a market capitalization exceeding $100 million.
The renowned creator of Tron, Justin Sun, has acquired a substantial investment in $SPONGE coins, currently valued at more than $90,000. This acquisition aligns with his recent announcement on X (formerly Twitter), where he pledged his support for promising meme coin projects.
I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.
— H.E. Justin Sun 孙宇晨 (@justinsuntron) May 11, 2023
Stake-To-Earn Model: Impressive Returns
Sponge V2 has introduced a stake-to-earn model that generates a remarkable annual return of 257%. As of now, Sponge V2 tokens worth over $3.7 million have been staked and bridged.
Highly esteemed YouTube influencer Conor Kenny, boasting more than 178,000 subscribers, believes that the popularity of Sponge V2 may surpass that of Sponge V1 and provide the potential for a 100x return upon its launch.
Obtaining Sponge V2 tokens is a straightforward process. Users can connect their wallets to the SpongeV2 website and convert Ethereum or USDT into V2 tokens via the purchase of Sponge. Additionally, credit cards are a viable option for doing the same.
Visit Sponge V2 here.
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