The Mantle network, known for providing a layer-2 solution on Ethereum for scaling purposes, has recently experienced a significant drop in its treasury value. In the transition from April to May, the treasury observed a decrease of $1 billion, now standing at nearly $3.91 billion. This decline in treasury value has raised concerns among investors and analysts regarding the future outlook of the MNT token, which is currently trading close to $0.98, experiencing a 4% drop in the last seven days.
Mantle network distinguishes itself through its modular architecture that enables the separation of transaction execution, data availability, and transaction finality into customizable modules, adaptable to the latest technological innovations. This unique structure contributes to enhancing network performance, ensuring low transaction fees, and faster finality for users.
Developers utilizing the Mantle network have the opportunity to build decentralized applications (dApps) with exceptional user experience, all while benefiting from the robust security offered by the Ethereum blockchain. One of the key features of the Mantle protocol is its high throughput, supported by the Mantle Liquidity Staking Protocol. This protocol allows users to stake Ethereum (ETH) and receive yield-bearing mETH, adding additional incentive for participation.
### Auswirkungen des Rückgangs aktiver Benutzer auf das Wachstum
Despite the promising features of the Mantle network, recent data reflects a decline in the number of active users, potentially impacting its growth trajectory. The Mantle Liquid Staking Protocol (LSP), which operates as a permissionless, non-custodial Ethereum liquid staking protocol, has witnessed a consistent amount of mETH staked, with approximately 574,075 units locked in the protocol. However, the daily number of mETH stakers has significantly decreased to around 9, while the count of mETH unstakers has surged to approximately 33 on a daily basis.
The daily active user count within the Mantle network has also shown a notable decline, dropping from a peak of 582 to 65 within a few weeks. Additionally, the total value bridged across the Mantle Network has decreased daily, currently standing at $510,981,363. Data from the Mantle treasury indicates a decline in the overall treasury value from $5.1 billion to $3.9 billion, with a majority of the treasury consisting of $2.9 billion worth of MNT tokens, alongside various other tokens.
### Fortdauernde Preisstagnation des MNT-Tokens
As for the MNT token price action analysis, the token currently holds a market cap of $3.22 billion, securing the 35th position on CoinMarketCap. The VM ratio of the token price stands at 0.01, with a 23% decline in daily trading volume. Trading near $0.98 per token, the price exhibits a bearish trend on the daily chart, trading below the 50 and 100 EMA, which can act as resistance levels. Analysts predict that a potential rally may stall around $1.2, while support levels are estimated near $0.8.
The Relative Strength Index (RSI) of the asset's price currently hovers around 45 with a neutral slope, indicating a lack of clear momentum direction. Despite the challenges faced by Mantle network in terms of declining active users and reduced treasury value, market analysts remain cautiously optimistic about the future price action of the MNT token.
### Fazit
In conclusion, the Mantle network faces a series of challenges including a decline in active users, transactions, and treasury value. However, despite these obstacles, market sentiment suggests that the MNT token could potentially see a new high in the future. Investors and traders are advised to carefully monitor developments within the Mantle ecosystem and stay informed about any upcoming announcements or updates.
### Haftungsausschluss
It is essential to note that the views expressed in this article are solely for informational purposes and do not constitute financial or investment advice. Any decision to invest or trade in cryptocurrencies or stocks should be made with a thorough understanding of the associated risks and potential for financial loss.
