Is Manta a promising project?

[Ekanayake90]

-snip-
manta hits ATL of course because current market is really bearish I mean to be fair most of L2 are bearish as well not only manta, $ZK that just got listed not more than 1 day in binance already tanking 20%, even got me trapped here, man I should've known better not to invest in L2 when bearish.
but if you're observant enough, the entire L2, Liquid Restaking Protocol and Liquid Staking protocol are having a really really bad time right now with consistent dump about 20%.

Manta always hits new ATLs and always happens without any meaningful pullbacks.
Moreover, the state of the crypto market is bearish, with the price of Bitcoin dropping to the $65k++ price area.

My friend even got stuck at the Manta price of $3++ and made him have to hang on until now reaching ATL $1 LOL.
It will be a very long journey to be able to reach ATH again.

All altcoins are affected, but it depends on how each altcoin is strategically designed to cope with the larger decline.
and for ZKsync $ZK which was just listed on many markets yesterday including Binance did experience a drastic drop,
this is due to community dissatisfaction with its airdrop mechanism, so more are dumping.

But it will definitely go up again, and some Tier 1 Exchanges are still getting ready to list it.

If you take a closer look, All the newly launched tokens are bleeding heavily

[CK485]

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters a bullish phase.

Once It isunderstood that each altcoin is strategically designed to overcome larger downturns, with Manta's current structure better privacy, scability,for users in the blockchain ecosystem, and Manta always reaching a new ATL without any significant downturn, with this project there are different stages always to achieve healthy ecosystem growth and and advance the which will come.

[Ekanayake90]

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters a bullish phase.

Once It isunderstood that each altcoin is strategically designed to overcome larger downturns, with Manta's current structure better privacy, scability,for users in the blockchain ecosystem, and Manta always reaching a new ATL without any significant downturn, with this project there are different stages always to achieve healthy ecosystem growth and and advance the which will come.

Also you cant ignore the fact that this project is backed by reputed organisations

[taufik123]

If you take a closer look, All the newly launched tokens are bleeding heavily

The majority do, but after that it will rise slowly because at the beginning of the listing there will be a lot of sales happening because those who get the airdrop start selling their allocation.
 
Now it is also because the crypto market or the price of bitcoin is going down and experiencing a fairly deep correction from the last ATH.

And related to the price of $ZK that continues to fall it is also due to the community's dissatisfaction with Zksync so that a lot of FUDs comes and a lot of negative sentiment, But I am sure it will go up slowly.

As far as Manta is concerned, it has been very bad, reaching the last ATL of $0.9 and even many have suffered drastic losses.

[Ekanayake90]

Once again please look at what happened to Arbitrum and Optimism after hitting thier very first ATHs. See how many days it took for them to break the down trend and reach a new ATH.

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters into bullish market.

Unless people finally thinks that L2 are overvalued then the valuation will just stuck.

manta hits ATL of course because current market is really bearish I mean to be fair most of L2 are bearish as well not only manta, $ZK that just got listed not more than 1 day in binance already tanking 20%, even got me trapped here, man I should've known better not to invest in L2 when bearish.
but if you're observant enough, the entire L2, Liquid Restaking Protocol and Liquid Staking protocol are having a really really bad time right now with consistent dump about 20%.

those dumps of course also not without reason, there might be strong correlation between the fact that people are withdrawing their money from all these L2 and the fact that price dumped so hard, just see data below.
https://i.postimg.cc/zG0fHPdk/sgahas.png

probably the narrative of L2 and Restaking protocol has come to an end.

I expect current valuation of manta to reflect manta real price, which is a price that's not inflated by the hypes.

ZK, ZRO, MANTA are all good tokens with potential, they will perform well in the coming months

[GigaBit]

Hello everyone! What is your honest opinion about Manta token? Looking for some expert advice.

This token is fairly standard. However, since the current market condition is not good, the investor may have to wait for some time in terms of investment. The token launched this year and is listed on several top exchange sites. But now since the price has come down to a great extent if one can invest here with risk then it is possible to make good profit in the long term. The coin peaked at around $4 and has lost around 76 percent since then. Investing at this time would not be difficult to reap multiple gains in bullish movements. But investors should do their own research before investing. New coins are constantly being added to the market so don't take risk on a coin that could be lost in the long run.

[Ekanayake90]

Hello everyone! What is your honest opinion about Manta token? Looking for some expert advice.

This token is fairly standard. However, since the current market condition is not good, the investor may have to wait for some time in terms of investment. The token launched this year and is listed on several top exchange sites. But now since the price has come down to a great extent if one can invest here with risk then it is possible to make good profit in the long term. The coin peaked at around $4 and has lost around 76 percent since then. Investing at this time would not be difficult to reap multiple gains in bullish movements. But investors should do their own research before investing. New coins are constantly being added to the market so don't take risk on a coin that could be lost in the long run.

Many new tokens have been hit hard in this retrace, people are too quick to judge them. Its better to wait till the euphoric phase of the market to really see what is going to go parabolic and what is not.

[asriloni]

Hello everyone! What is your honest opinion about Manta token? Looking for some expert advice.

This token is fairly standard. However, since the current market condition is not good, the investor may have to wait for some time in terms of investment. The token launched this year and is listed on several top exchange sites. But now since the price has come down to a great extent if one can invest here with risk then it is possible to make good profit in the long term. The coin peaked at around $4 and has lost around 76 percent since then. Investing at this time would not be difficult to reap multiple gains in bullish movements. But investors should do their own research before investing. New coins are constantly being added to the market so don't take risk on a coin that could be lost in the long run.

Many new tokens have been hit hard in this retrace, people are too quick to judge them. Its better to wait till the euphoric phase of the market to really see what is going to go parabolic and what is not.

That's completely incorrect, my friend. People judged this token for a reason. Even with the price of bitcoin still hovering around $70k, the price of Mantia has been steadily declining.

We should simply strive to be realistic, with the monthly token unlocked and handed to the market. It was easy to say that Manta is not making strong long-term progress. 

Believe it or not, the price will remain stable due to the pressure from the unlocked vesting token, which will be sold by VCs that invested in Manta. 

[Ekanayake90]

Manta Network is proud to announce that the on-chain yield-bearing stablecoin, wUSDM, deployed by Mountain Protocol on Manta Pacific, is now backed by BlackRock’s BUIDL Fund and facilitated through Securitize, BlackRock’s transfer agent and tokenization platform for BUIDL. This marks a new chapter in the long-term growth and security of all holders of wUSDM.

The BUIDL Fund (BlackRock USD Institutional Digital Liquidity Fund) represents BlackRock’s commitment to integrating blockchain technology with traditional financial assets. The BUIDL Fund offers a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month. It invests 100% of its assets in cash, U.S. Treasury bills, and repurchase agreements, ensuring secure and transparent yield generation on the blockchain. Manta Network is proud to be one of the early adopters of the BUIDL Fund by supporting its backed assets through the on-chain yield-bearing stablecoin.

wUSDM on Manta Secured by BlackRock’s BUIDL Fund

[asriloni]

Manta Network is proud to announce that the on-chain yield-bearing stablecoin, wUSDM, deployed by Mountain Protocol on Manta Pacific, is now backed by BlackRock’s BUIDL Fund and facilitated through Securitize, BlackRock’s transfer agent and tokenization platform for BUIDL. This marks a new chapter in the long-term growth and security of all holders of wUSDM.

The BUIDL Fund (BlackRock USD Institutional Digital Liquidity Fund) represents BlackRock’s commitment to integrating blockchain technology with traditional financial assets. The BUIDL Fund offers a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each month. It invests 100% of its assets in cash, U.S. Treasury bills, and repurchase agreements, ensuring secure and transparent yield generation on the blockchain. Manta Network is proud to be one of the early adopters of the BUIDL Fund by supporting its backed assets through the on-chain yield-bearing stablecoin.

wUSDM on Manta Secured by BlackRock’s BUIDL Fund

This alliance had a minor impact, with Manta increasing by 8%. That's not what Ondo did. It appears that wUSDM will not have a long-term influence on manta. It was a stable token, and Manta is not directly cooperating with Blackrock. 

I may consider using wusdm for my daily reliable token usage. It sounds wonderful, but it's not enough to keep their VCs from constantly dumping their unlocked coins on exchange sites. 

Wusdm provided consumers with more options for trustworthy, stable tokens for their daily activities; however, the fundamental issue is that wusdm is not widely adopted. 

It's difficult to find a site with adequate liquidity to trade wusdm. 

[dansus021]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

[Ekanayake90]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

The project is moving forward as per road map. Sell offs happen but it will perform well during Alt season

[asriloni]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

The project is moving forward as per road map. Sell offs happen but it will perform well during Alt season

How long you will wait for the altcoin to happen? 



Another new low for manta, and i have warned you. I remind you again if roadmap is not a thing if the price of bitcoin still dipping like this. Manta is likely going to the 50 cents, if bitcoin goes to the 50k.

The hype is always following the trend. It doesn't even matter how good your product, then your token will always be dumping in the bearish trend like this.

[Ekanayake90]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

The project is moving forward as per road map. Sell offs happen but it will perform well during Alt season

How long you will wait for the altcoin to happen? 

https://i.postimg.cc/pdFG0k6P/ldgsg.png

Another new low for manta, and i have warned you. I remind you again if roadmap is not a thing if the price of bitcoin still dipping like this. Manta is likely going to the 50 cents, if bitcoin goes to the 50k.

The hype is always following the trend. It doesn't even matter how good your product, then your token will always be dumping in the bearish trend like this.

Did you even check the prices of other L2s at this point?

[Qiubell5]

How long you will wait for the altcoin to happen? 



Another new low for manta, and i have warned you. I remind you again if roadmap is not a thing if the price of bitcoin still dipping like this. Manta is likely going to the 50 cents, if bitcoin goes to the 50k.

The hype is always following the trend. It doesn't even matter how good your product, then your token will always be dumping in the bearish trend like this.

It seems to be a topic that is becoming an experience and it is clearly visible among crypto fans with this decline occurring. I thought at first it was good and became very interested in getting into it, and until now it hasn't shown an increase until the last few months so this coin hopes to rise again, but it's very It's hard to get there but I think when we face the bull season, the value of this coin won't increase much and won't make any profit.

[asriloni]

Did you even check the prices of other L2s at this point?

I did check the price of other L2s in the market, and still, Manta is the only L2 with the slowest recovery so far.

How long you will wait for the altcoin to happen? 



Another new low for manta, and i have warned you. I remind you again if roadmap is not a thing if the price of bitcoin still dipping like this. Manta is likely going to the 50 cents, if bitcoin goes to the 50k.

The hype is always following the trend. It doesn't even matter how good your product, then your token will always be dumping in the bearish trend like this.

It seems to be a topic that is becoming an experience and it is clearly visible among crypto fans with this decline occurring. I thought at first it was good and became very interested in getting into it, and until now it hasn't shown an increase until the last few months so this coin hopes to rise again, but it's very It's hard to get there but I think when we face the bull season, the value of this coin won't increase much and won't make any profit.

No guarantee if bullish season will push the price of manta to go up. I think you can take a look at the market now. Altcoins seem to be going their separate with bitcoin. And my reason is, bitcoin has touched new ATH, and there were only a few altcoins that managed to reach a new ATH.

But rest was just getting stuck like MANTA. I repeat it, once again, MANTA is not likely able to move up again. We have yet to see a lot of tokens owned by early investors to be distributed to the market.

I think manta is gonna be doomed again.

[ije07]

No guarantee if bullish season will push the price of manta to go up. I think you can take a look at the market now. Altcoins seem to be going their separate with bitcoin. And my reason is, bitcoin has touched new ATH, and there were only a few altcoins that managed to reach a new ATH.

But rest was just getting stuck like MANTA. I repeat it, once again, MANTA is not likely able to move up again. We have yet to see a lot of tokens owned by early investors to be distributed to the market.

I think manta is gonna be doomed again.

If we look at the Manta token, it has reached 2 times ATH during its launch, the first ATH when it was launched and the second ATH when Bitcoin touched a new ATH last March and when Bitcoin got a correction, altcoins were unable to keep up with it so they fell very deep even though the decline in Bitcoin was only temporary, but the Manta token continues to experience a significant decline until now, the biggest possibility is that later if Bitcoin increases to 70k, the Manta token could also follow the flow and its price could strengthen to $ 1, so it is not wrong if we can set aside to enter now on the Manta token.

[Wakate]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

Many altcoins in the market are based on hype and we don't have to think that many of these coins that are pumping are not actually being hyped. I don't really know much about this exact coin and I never participated in the airdrop but I know it is a potential coins that can give some profits to holders. All we should be after is to keep buying good coins in the market that could keep profiting us as holders. There are also more layer2 projects that are on their way to the crypto space and we should get ready for bigger opportunities to buy and hold good tokens in the market with bigger rewards for holders.

[Ekanayake90]

Manta coin to be honest this coin is viral now here in Indonesia because there is one influencer try to pump it  .

Personally i see manta is just like the other layer 2 chain its get hyped because back then there is airdrop for this coin and same like the other layer 2 right now ex. Blast linea scroll zksycn these token are hyped at first but slowly gone heck layer 2 is still best thing

Many altcoins in the market are based on hype and we don't have to think that many of these coins that are pumping are not actually being hyped. I don't really know much about this exact coin and I never participated in the airdrop but I know it is a potential coins that can give some profits to holders. All we should be after is to keep buying good coins in the market that could keep profiting us as holders. There are also more layer2 projects that are on their way to the crypto space and we should get ready for bigger opportunities to buy and hold good tokens in the market with bigger rewards for holders.

Layer 2 seems to be a dying narrative already, even before a proper bull run.

[TastyChillySauce00]

Layer 2 seems to be a dying narrative already, even before a proper bull run.

Agreed, trend seem to be going back to L1 again, the upcoming project that got heavily invested are bunch of L1, Monad, Berachain and so on, getting hundred million of investment and they are L1.

I think it heavily due to the recent failure of most of L2, milking the community that they destroyed themselves, also, most of people just stick with arbitrum and optimism and some other L2 but that's it, the metric is stuck.

maybe it's because people finally realize that L2 project are just cash cow for developers and investors, so the retailer just decide to opt out and just don't give two damn.