Ethereum layer-2 coin, Mantle (MNT), is currently the hottest crypto asset on the market and continues to defy broader bearishness.
Since its August 2nd lows, the MNT price has surged by nearly 40%, reaching a 6-month high of $0.95 on Tuesday.
Notably, Mantle’s Moving Average Convergence/Divergence has just secured a golden cross in the daily timeframe, which typically precedes an explosive rally. This suggests that MNT is poised for bullish continuation, making it one of the best crypto investments today.
Mantle’s success indicates that the Layer-2 ecosystem is heating up, with coins like Arbitrum also on the verge of a breakout.
The new BTC layer-2 coin, Bitcoin Hyper (HYPER), is also in high demand, having already raised over $7 million in its viral presale. Several seasoned low-cap traders are now publicly backing it as a potential 100x investment.
Mantle Price Prediction – How High Will The Golden Cross Take MNT?
For the uninitiated, Mantle is Ethereum’s modular Layer‑2 “Liquidity Chain,” designed for high throughput, low fees, and developer flexibility. It combines an optimistic rollup execution layer with EigenDA for secure, efficient data availability, inheriting Ethereum’s security.
Analysts note that Mantle isn’t just an ETH layer-2 as well. It is building cutting-edge Web3 infrastructure, including a liquid staking protocol (mETH), and Function, a Bitcoin restaking layer powering ƒBTC. The project’s broader vision includes a crypto-native neobank (UR), an AI-driven DeFi suite (MantleX), and an institutional yield fund (MI4).
Mantle is seeing strong institutional demand as its fundamentals improve rapidly. Besides the launch of its fully on-chain bank, the network’s daily active users increased by 123k in July, total value locked (TVL) surged to $1.4 billion, and its stablecoin supply has reached an all-time high of over $650 million.
Unsurprisingly, Mantle is displaying stunning bullish strength, particularly considering the broader market bearishness.
While most large-cap assets, including Bitcoin, fail to breach key resistance levels after last week’s crash, MNT has surged nearly 40% since August 2nd and 71% from its July lows.
As previously mentioned, its Moving Average Convergence/Divergence (MACD 12, 26) has formed a golden cross in the daily timeframe, which precedes explosive rallies in the MNT price.
Notably, during the broader market correction in late July and early August, MNT also pulled back but held firm at its 100-day Simple Moving Average, successfully retesting the level before rebounding.
The 100-day SMA plays a crucial role in Mantle’s price trajectory. In bullish phases, it consistently acts as a support level and often marks strong buying opportunities. Conversely, during bearish trends, it flips into a key resistance, helping filter out bull traps. The fact that this level held on August 2nd reinforces Mantle’s strength and positions it as one of the best cryptos to buy now.
Prominent trader Crypto Patel claims that MNT’s bullish structure indicates that it has 5x to 10x potential in the upcoming bull run. His price targets for Mantle include $1.42, $3 and $5.
Does The New Bitcoin Hyper Offer 1000x Returns?
The Layer-2 ecosystem is gradually heating up. Besides Mantle, Arbitrum has also broken out of its macro downtrend and is now set up for an explosive rally.
Among the low-caps, Bitcoin Hyper is stealing the spotlight. The HYPER presale has already raised over $7 million in short order, thanks to the strong whale demand.
Analysts are impressed that this new BTC Layer-2 project isn’t wasting time and money reinventing the wheel. Instead, it uses the cutting-edge Solana Virtual Machine to bring the performance, scalability and programmability of modern blockchains to Bitcoin.
The Bitcoin ecosystem could soon become viable for DeFi, payments and even memes, with Bitcoin Hyper at the core. Notably, it doesn’t even harm BTC’s decentralization, sound tokenomics and security.
As such, layer-2 coins tend to reach multibillion-dollar valuations. With BTC expected to hit $150,000 this year, many are calling Bitcoin Hyper the next 1000x crypto.
Visit Bitcoin Hyper Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.