Mantle ($MNT) Price Soars: 2024 Predictions Analyzed, Can It Hit $10?

• Mantle (MNT) surged by more than 11% and is trading at $0.8598.
• The altcoin is expected to hit a price target of $10 by 2029.
• The technical indicators confirm that investors are accumulating the asset.

MNT, the native token of the Mantle Network, an L2 technology stack for scaling Ethereum, surged more than 11% in the past 24 hours, reaching monthly highs and surpassing the $0.8 price level in the same time period.

As per the data from CoinMarketCap, the trading volume of the cryptocurrency increased 12.24% and currently stands at $245 million, while the market cap of MNT is $2.8 billion, making it the 31st largest digital asset by market valuation. The total supply of MNT tokens is 6.2 billion MNT, while the circulating supply is 3.2 billion MNT with each token priced at $0.8590 at the time of writing.

In the past seven days, MNT climbed 24.27%, followed by a 3.98% surge in the past month. The altcoin’s daily chart provided by TradingView indicates a significant increase in buyers’ demand with six consecutive bullish daily candles.

Meanwhile, the Relative Strength Index (RSI) is valued at 64.29, confirming that the bulls are currently in contro…

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