Manta Network’s native MANTA token has surged 17% in the past 24 hours, outperforming most other existing altcoins.
This price increase comes as Manta begins to gain traction for its infrastructure that helps developers build and deploy zero-knowledge (ZK) applications.
Things are starting to look up for the cryptocurrency market once again, with presales like Bitcoin Minetrix (BTCMTX) also trending upward, raising over $9.2 million.
MANTA token soars to all-time high after airdrop
MANTA surged to an all-time high of $3.30 on Wednesday evening, but has since fallen about 10%.
This price peak occurred less than a week after conducting an airdrop for early supporters, which resulted in immediate gains for MANTA.
According to CoinMarketCap, trading volume surged 110% in the last 24 hours, putting MANTA in 10th place.Day The most traded token in the world.
Along with the rapid rise of the token, Manta’s total locked value (TVL) has also increased since its mainnet launch.
According to DeFiLlama, Manta currently has $429 million worth of TVL, making it a top 10 blockchain in DeFi protocols.
All of this success follows the launch of Manta through its 44th Binance Launchpad.Day Cryptocurrency debuts on the platform.
Many other projects that followed a similar launch strategy also achieved price success like Xai (XAI).
As adoption grows, Manta appears well-positioned to capitalize on the growing demand for innovative blockchain solutions.
Manta’s cutting-edge privacy infrastructure sparks investor interest
So what is Manta Network and what does it do?
At its core, Manta is a modular ecosystem focused on ZK applications that use encryption to provide validity while keeping specific information private.
This makes Manta ideal for building DeFi applications and other sensitive Web3 services that require enhanced security features.
In particular, Manta provides the infrastructure for developing and deploying ZK applications.
For this purpose, we offer two main networks: Manta Pacific and Manta Atlantic.
The former is a layer 2 scaling solution for running Ethereum-based applications with lower fees, while the latter is a standalone ZK blockchain focused on privacy-preserving credentials.
In addition to privacy, Manta provides additional benefits such as easy Solidity development, tools to integrate ZK into existing applications, and a growing ecosystem of projects leveraging the groundbreaking technology.
The native MANTA token underpins all of these features and facilitates governance, staking, and fee payments.
Ultimately, Manta Network is working to make ZK technology more useful for next-generation Web3 applications. This is why many cryptocurrency investors are starting to pay attention to the progress of the project.
Bitcoin Minetrix presale has surpassed $9.2 million with the goal of shaking up cryptocurrency mining.
While projects like Manta Network continue to advance privacy features, new protocols looking to shake up the cryptocurrency mining sector are also gaining steam.
One such project is Bitcoin Minetrix (BTCMTX), which is currently conducting a token pre-sale with funds raised exceeding $9.2 million.
What makes Bitcoin Minetrix unique is its innovative stake-to-mining mechanism that allows BTCMTX holders to stake their holdings to earn cloud mining credits over time.
You can then use these credits to virtually mine Bitcoin through Bitcoin Minetrix’s mining pool, with the rewards going to the miners rather than the middleman.
This setup helps decentralize access to cryptocurrency mining, allowing more users to participate and benefit.
It quickly resonated with the community and is now followed by over 19,000 people. Bitcoin Minetrix’s Twitter account.
Additionally, more than 585 million BTCMTX tokens have already been staked, despite the project not being officially launched yet.
Early investors can currently purchase BTCMTX tokens for $0.013 during the pre-sale phase, but this price will increase in subsequent phases.
This means that investors who participate earliest will get more BTCMTX tokens for their money.
With the development team already hinting at a listing on a major exchange once the pre-sale is over, Bitcoin Minetrix appears to be well-positioned to disrupt cryptocurrency mining.
BTCMTX tokens can be purchased using ETH, USDT or credit/debit cards at bitcoinminetrix.com.