NEWS: Manta NETWORK increase 5000% in the last few weeks, check why this increase is due
Manta Network price has seen an increase. Manta Network's native token, MANTA, is up 17% in the last 24 hours, outperforming most other established altcoins. This price increase comes as Manta begins to gain traction with its infrastructure that helps developers build and deploy zero-knowledge (ZK) applications.
MANTA hit an all-time high of $3.33 on Wednesday night, but has since retreated around 10%. This price spike comes less than a week after airdropping to early followers, leading to immediate profits for MANTA. According to CoinMarketCap, trading volumes have increased by 110% in the last 24 hours, making MANTA the 10th most traded token in the world.
Right now, the price of Manta Network (MANTA) is $3.10, which is up 0.8% from an hour ago and up 2.2% from yesterday. In the last 24 hours, the total Manta Network volume traded was $ 263,704,3142.
Binance presented it with integration to its ranks of token listed on the platform on January 15, 2024, which would include this project in Binance Launchpool, which also had a small boost in its price for being listed on the largest exchange in the world.
What is MANTA NETWORK?
Manta Network is a modular blockchain platform specialized in zero-knowledge (ZK) applications, emphasizing privacy, scalability, and various revenue opportunities.
The Manta network consists of two integral parts: Manta Pacific and Manta Atlantic. Manta Pacific is an innovative Layer 2 (L2) ecosystem on Ethereum, optimized for EVM-native ZK applications. Provides a scalable and cost-effective environment for deploying ZK applications, primarily using Solidity. At the same time, Manta Atlantic operates as a fast Layer 1 (L1) ZK chain on Polkadot, focused on programmable identities and credentials.
The Manta Network infrastructure serves several functions:
Low Fee, High Scalability: Manta Pacific uses Celestia and a modified OP stack to deliver a state-of-the-art technical infrastructure that offers extraordinary scalability along with low gas fees.
Developer-friendly, application-agnostic: A multi-modular approach provides developers the flexibility to leverage Manta's private identity tools on chains and in web2 environments, including mobile applications.
New ZK Use Cases: Manta Pacific offers Universal Circuits, a ZK library for developers to easily call ZK-enabled contracts for their existing smart contracts and dapps.
Non-invasive compliance: Manta Network's zkSBTs allow users to verify in a decentralized and trustless manner, without exposing any details.
In short, Manta Network is a privacy-focused DeFi platform built on the Polkadot network. Uses zero-knowledge proofs and shielded assets to provide users with greater privacy and security while using decentralized financial services
It has been a good month, a good week, for the development of MANTA
$MANTA #TradeNTell