The MNT price has been on a surge this August, with a 45% increase so far driven by key partnerships, on-chain strength, and Ethereum’s rally to a new all-time high. Currently trading above $1 at $1.02, with a market cap of $3.42 billion and a 5% intraday gain, the MNT token’s rally is supported by strong fundamentals. Experts are optimistic about further gains in the MNT price forecast as Ethereum continues its upward trend.
A significant bullish development for MNT price is the strategic partnership between Mantle and ByBit exchange, which not only enhances liquidity and visibility but also demonstrates institutional confidence in the Mantle ecosystem. This partnership has contributed to the upward momentum in the daily chart of MNT price.
On-chain data also indicates a positive outlook, with project adoption increasing and trust among users growing. The Total Value Locked (TVL) has risen to $245 million in the past 10 days, while whale transactions over $100K have spiked, positioning Mantle at the top of large-mover charts. Santiment insights reveal a significant increase in whale activity for Mantle, further boosting confidence in the project.
As Ethereum’s price continues to climb towards $4,500, the MNT price is following suit, reflecting the positive momentum in the market. Analysts are monitoring a resistance zone at $1.35 for Mantle price, but a clear break above this level could lead to a shift in the MNT price prediction for August towards larger targets like $2.
