MNT (Mantle) rose 7.81% in the last 24 hours.

Gate News Bot news, on September 17, according to CoinMarketCap data, MNT (Mantle) is currently priced at $1.75, rising by 7.81% in the last 24 hours, with a high of $1.77 and a low of $1.47. The 24-hour volume reached $582 million. The current market capitalization is approximately $5.684 billion, an increase of $412 million compared to yesterday.

Mantle is a blockchain platform focused on banking and on-chain finance, aiming to integrate cryptocurrency into everyday life. MNT, as the core of the Mantle ecosystem, supports governance, staking, and driving decentralized economic innovation. Mantle's vision is to create a free, efficient, and accessible financial world driven by tokenization technology and open to everyone. The Mantle Network, as an Ethereum Layer 2 network, is known for its modular design and its first adoption of EigenLayer and EigenDA, providing a foundation for its diverse products and applications.

Important news about MNT recently:

1️⃣ Prices continue to pump, significant rise over seven days The price of MNT has shown a strong rising trend over the past week. It has risen from $1.37 on September 10 to the current $1.75, with a 27.74% increase over seven days. This continued rise reflects the market's growing confidence in the Mantle project and highlights the popularity of Layer 2 solutions in the current cryptocurrency market.

2️⃣ Volume significantly increased The 24-hour volume of MNT has risen from 469 million USD on September 10 to the current 582 million USD, an increase of 24.09%. The significant rise in volume has not only improved market liquidity but also provided upward momentum for the MNT price, indicating that investor interest in the Mantle ecosystem is continuing to heat up.

3️⃣ Market capitalization breaks through the 5 billion dollar barrier With the rise in price, the market capitalization of MNT has grown from 4.463 billion USD on September 10 to the current 5.684 billion USD, breaking the 5 billion USD barrier, with an increase of 27.36%. The significant rise in market capitalization not only reflects the enhanced status of MNT in the market but also further consolidates its competitiveness in the Layer 2 track.

From a technical perspective, the current price of MNT has broken through several important resistance levels, and may face some retracement pressure in the short term. $1.47 has become a new key support level, and whether it can hold this level will affect the recent trend. On the fundamental side, Mantle's positioning as an Ethereum Layer 2 solution, along with its continuous innovation in the DeFi space, lays a solid foundation for the long-term development of MNT.

This message does not constitute investment advice, and investors should be aware of market volatility risks.