YEREVAN (CoinChatper.com) — Is Manta coin a good investment in 2024? To answer that question, let’s look at the project and why the crypto community actively discusses it on social media. The MANTA token’s price surged over 300% in the previous 24 hours but partially pared its gains, halving its price in the European session.
Binance Listing Propelled Manta Network
In detail, Manta Network is a modular Layer 2 platform for Zero-Knowledge (ZK) applications. Binance introduced it as the 44th project on Binance Launchpool. Users can farm MANTA tokens by staking BNB and FDUSD in dedicated pools over two days.
This initiative aligns with the significant growth of Manta Pacific, Manta Network’s in-house Layer 2 blockchain, which has seen a notable increase in Total Value Locked (TVL). The project’s integration into Binance, scheduled for Jan. 18, 2024, includes trading pairs like MANTA/BTC and applies the Seed Tag to MANTA. With a total supply of 1 billion MANTA tokens, the Launchpool offers 30 million as rewards.
Manta Network integrated its Manta Pacific with Celestia’s modular data availability model, leading to significant cost reductions for developers and users.
MANTA Airdrop Coming – Manta Price Surge Ahead?
A major highlight for Manta Network was the MANTA token airdrop, which is also scheduled for Jan. 18, 2024. Given the potential impact of airdrops in the blockchain space, this event garnered considerable attention in the crypto community.
The Manta Network airdrop will distribute many MANTA tokens to early participants, drawing additional interest to the coin. This event is part of a broader strategy by Manta Network to enhance engagement. The project also plans to expand its ecosystem in anticipation of the token’s introduction.
Airdrops like this have become popular in the crypto world for distributing tokens and stimulating participation in new projects or initiatives.
Listings on Other Exchanges
The growing number of additional listings could answer whether MANTA is a good investment in 2024. However, before jumping into details, it is important to note that there are no surge guarantees. It is not always obvious if a token will enjoy high demand for long.
As of Jan. 17, MANTA’s prospects of another leg up are high considering the events above.
Besides Binance, Manta Network was also set to be listed on other major cryptocurrency exchanges like KuCoin and Gate.io, further expanding its accessibility and reach within the crypto market. KuCoin announcement earmarked Jan. 18 as the trading launch day, increasing MANTA’s chances for a bullish reversal.
BitMEX announced the listing of a MANTAUSDT perpetual swap contract. It offers up to 10x leverage, which will commence on Jan. 18, 2024, after the MANTA spot markets open. BTSE jumped on the bandwagon, noting that it will add the token to BTSE’s wider ecosystem of exchanges.
