Mantle Price Don Hit $0.88 as Network Activity Don Surge 1,600%
Mantle price don reach $0.88, na im di highest for five months, after di daily active addresses blow up by 1,600% from middle July to August. Dis network activity rise come together wit Mantle put 101,867 ETH (≈$392 million) for di Strategic ETH Reserve (SΞR), making Mantle one of di top holders of ETH among Web3 group dem. Dis move connect Mantle price movement tightly to ETH trends, as ETH price climb from $3,000 to $4,000 for di same time. Institutional players also show more interest through di mETH staking protocol wey dey support ETH staking and restaking, and dem don attract plenty ETH money from people like Republic Technologies. Further more, di launch of di UR platform don tie traditional finance (TradFi) and decentralized finance (DeFi) for Mantle, make more ways to use di network. Technically, Mantle get strong bullish movement: RSI dey at 72.6 (overbought), MACD show bullish crossover, and DMI point to trend pressure wey strong well. Trading volume pass $500 million for 24 hours, wey show say market momentum dey solid. Overall, di combined on-chain growth, strategic ETH reserve plans, and new financial connections mean say Mantle price and network activity get better chance to increase.
Bullish
Plenti tins dey under our palava wey make us see beta for di market. One kain 1,600% jump for daily active addresses mean say user demand and on-chain utility dey rise sharply, and na always dis one dey show say price for layer-2 networks fit soon dey go up steady. Di 101,867 ETH dem put for Strategic ETH Reserve join Mantle treasury with ETH performance, e be like how Lido reserve strategy improve investor confidence before. Institutional people wey dey use mETH staking—like how Republic Technologies take convert ETH—add more trust and liquidity wey dey help medium-term price upward moves. Di UR platform launch join TradFi with DeFi, dey open more ways to use di service and draw capital from different people.
For technical side, di RSI don dey overbought, MACD crossover show say e bullish, plus DMI readings dey tighten like before breakouts, all show say short-term buying pressure go continue. Big trading volumes pass $500 million show say market get confidence. Long term, Mantle get better on-chain presence and strategic integration wey fit make am grow more and price rise, so e be like good catalyst for traders dem.