Mantle token sets new ATH with stellar 7% gain: What’s next for MNT?

• Mantle token has emerged as the hottest prospect in the last 24 hours.
• Over $248 million has been traded in the last 24 hours.

The Mantle [MNT] token has recently experienced a significant surge, climbing to the top of the gainers list over the last 24 hours and reaching an all-time high.

This notable price increase is also accompanied by a positive trend in trading volume, indicating a strong convergence of price and volume.

Mantle token market cap spikes

The Mantle token has emerged as the standout performer in the cryptocurrency market, according to the latest data from CoinMarketCap.

Over the last 24 hours, it has recorded a remarkable gain of over 7%, making it the highest gainer during this period.

This is a significant achievement, especially when compared to the second-highest gainer, which saw an increase of just over 2%.

Additionally, Mantle’s market capitalization has surged to more than $2.7 billion, reflecting a growth of over 7% in the last day.

This substantial increase in market cap is complemented by a rise in trading volume, which has increased by almost 17%, now exceeding $248 million.

The combination of a sharp price increase, significant growth in market capitalization, and a boost in trading volume underscored a strong MNT.

It reflected strong market confidence and a potentially sustainable upward trend, attracting attention from both investors and traders.

MNT breaks ATH record

The Mantle token has shown impressive performance on the daily chart, with a significant surge in its price during the previous trading session. 

This surge saw MNT rise by 11.22%, moving from approximately $0.76 to around $0.84, setting a new all-time high (ATH) for the token.

This upward movement highlighted the strong buying interest and positive sentiment surrounding the Mantle token.

Source: CoinMarketCap

As of the latest trading data, the Mantle token has continued its upward trajectory, albeit with a smaller increase. The price has edged up by less than 1%, reaching around $0.85, marking yet another new ATH. 

This incremental rise, although modest, underscores a sustained interest and consolidation phase at this new high, as traders and investors may be assessing the token’s potential for further gains.