Mantle (MNT) Hits New Record High, Outpacing Broader Market
Mantle (MNT) has reached an all-time high of $2.18, marking an 84% increase in the past month with a significant rise in its market cap by approximately $3.2 billion. This surge is attributed to:
- Introduction of a compliance-focused real-world asset (RWA) service.
- Partnership with World Liberty Financial for launching USD1 stablecoin on Mantle network.
- Integration within Bybit's ecosystem, enhancing MNT’s exposure.
Technical indicators show MNT trading along the upper Bollinger Band with bullish momentum. Key support levels are at $1.74 and $1.50. Resistance is anticipated at $2.30 if the rally continues.
The tokenized asset market has grown significantly, now surpassing $33 billion, with projections suggesting it could reach $19 trillion by 2033.