Is Manta a promising project? - page 2.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: Ekanayake90 on June 18, 2024, 04:15:58 AM

If you take a closer look, All the newly launched tokens are bleeding heavily

The majority do, but after that it will rise slowly because at the beginning of the listing there will be a lot of sales happening because those who get the airdrop start selling their allocation.

Now it is also because the crypto market or the price of bitcoin is going down and experiencing a fairly deep correction from the last ATH.

And related to the price of $ZK that continues to fall it is also due to the community's dissatisfaction with Zksync so that a lot of FUDs comes and a lot of negative sentiment, But I am sure it will go up slowly.

As far as Manta is concerned, it has been very bad, reaching the last ATL of $0.9 and even many have suffered drastic losses.

Ekanayake90

newbie

Activity: 106

Merit: 0

Quote from: CK485 on June 18, 2024, 07:03:02 AM

Quote from: Sayeds56 on June 17, 2024, 01:49:04 PM

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters a bullish phase.

Once It isunderstood that each altcoin is strategically designed to overcome larger downturns, with Manta's current structure better privacy, scability,for users in the blockchain ecosystem, and Manta always reaching a new ATL without any significant downturn, with this project there are different stages always to achieve healthy ecosystem growth and and advance the which will come.

Also you cant ignore the fact that this project is backed by reputed organisations

CK485

member

Activity: 280

Merit: 22

WOITOKEN Play to Earn NFT Game

Quote from: Sayeds56 on June 17, 2024, 01:49:04 PM

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters a bullish phase.

Once It isunderstood that each altcoin is strategically designed to overcome larger downturns, with Manta's current structure better privacy, scability,for users in the blockchain ecosystem, and Manta always reaching a new ATL without any significant downturn, with this project there are different stages always to achieve healthy ecosystem growth and and advance the which will come.

Ekanayake90

newbie

Activity: 106

Merit: 0

Quote from: taufik123 on June 18, 2024, 02:55:26 AM

Quote from: X-ray on June 17, 2024, 08:57:48 PM

-snip-
manta hits ATL of course because current market is really bearish I mean to be fair most of L2 are bearish as well not only manta, $ZK that just got listed not more than 1 day in binance already tanking 20%, even got me trapped here, man I should've known better not to invest in L2 when bearish.
but if you're observant enough, the entire L2, Liquid Restaking Protocol and Liquid Staking protocol are having a really really bad time right now with consistent dump about 20%.

Manta always hits new ATLs and always happens without any meaningful pullbacks.
Moreover, the state of the crypto market is bearish, with the price of Bitcoin dropping to the $65k++ price area.

My friend even got stuck at the Manta price of $3++ and made him have to hang on until now reaching ATL $1 LOL.
It will be a very long journey to be able to reach ATH again.

All altcoins are affected, but it depends on how each altcoin is strategically designed to cope with the larger decline.
and for ZKsync $ZK which was just listed on many markets yesterday including Binance did experience a drastic drop,
this is due to community dissatisfaction with its airdrop mechanism, so more are dumping.

But it will definitely go up again, and some Tier 1 Exchanges are still getting ready to list it.

If you take a closer look, All the newly launched tokens are bleeding heavily

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: X-ray on June 17, 2024, 08:57:48 PM

-snip-
manta hits ATL of course because current market is really bearish I mean to be fair most of L2 are bearish as well not only manta, $ZK that just got listed not more than 1 day in binance already tanking 20%, even got me trapped here, man I should've known better not to invest in L2 when bearish.
but if you're observant enough, the entire L2, Liquid Restaking Protocol and Liquid Staking protocol are having a really really bad time right now with consistent dump about 20%.

Manta always hits new ATLs and always happens without any meaningful pullbacks.
Moreover, the state of the crypto market is bearish, with the price of Bitcoin dropping to the $65k++ price area.

My friend even got stuck at the Manta price of $3++ and made him have to hang on until now reaching ATL $1 LOL.
It will be a very long journey to be able to reach ATH again.

All altcoins are affected, but it depends on how each altcoin is strategically designed to cope with the larger decline.
and for ZKsync $ZK which was just listed on many markets yesterday including Binance did experience a drastic drop,
this is due to community dissatisfaction with its airdrop mechanism, so more are dumping.

But it will definitely go up again, and some Tier 1 Exchanges are still getting ready to list it.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Sayeds56 on June 17, 2024, 01:49:04 PM

Quote from: Ekanayake90 on June 16, 2024, 12:30:29 PM

Once again please look at what happened to Arbitrum and Optimism after hitting thier very first ATHs. See how many days it took for them to break the down trend and reach a new ATH.

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters into bullish market.

Unless people finally thinks that L2 are overvalued then the valuation will just stuck.

manta hits ATL of course because current market is really bearish I mean to be fair most of L2 are bearish as well not only manta, $ZK that just got listed not more than 1 day in binance already tanking 20%, even got me trapped here, man I should've known better not to invest in L2 when bearish.
but if you're observant enough, the entire L2, Liquid Restaking Protocol and Liquid Staking protocol are having a really really bad time right now with consistent dump about 20%.

those dumps of course also not without reason, there might be strong correlation between the fact that people are withdrawing their money from all these L2 and the fact that price dumped so hard, just see data below.

probably the narrative of L2 and Restaking protocol has come to an end.

I expect current valuation of manta to reflect manta real price, which is a price that's not inflated by the hypes.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Ekanayake90 on June 16, 2024, 12:30:29 PM

Once again please look at what happened to Arbitrum and Optimism after hitting thier very first ATHs. See how many days it took for them to break the down trend and reach a new ATH.

It is understandable that most of the altcoins have lost their significant value due to bearish conditions in overall alts market, and Manta, Arabitrum and Optimism. All of these coins represent their respective network which are well known and established chains. I am pretty sure all these coins including manta will recover their lost value once cryptocurrencies market begins to perform well and enters a bullish phase.

Rasa nanas

full member

Activity: 1442

Merit: 108

Quote from: Kristiyana on June 07, 2024, 03:40:07 AM

Quote from: Ekanayake90 on March 15, 2024, 08:59:07 AM

Hello everyone! What is your honest opinion about Manta token? Looking for some expert advice. Thanks!

Actually i have come across this manta token when i was making research about the best token to invest in, though there are so many tokens in that list so i just choose other token i didn't include manta. but due to my research i think manta seems to be a good token, but i will advice you look for a token that is well known. because not everyone who Knows about this manta token and secondly is a newly launched token so i will recommend you look for any of this old token that can give a good profit to invest.

I'm a little confused by your words, you say this token is good but don't recommend investing in this token. I know this project is classified as a new project, but that doesn't mean it's not worth investing in because not all new projects are not worth investing in. In my opinion this project is one of the potential L1 projects because it received very large funding. and I think including this altcoin in the portfolio is not something bad.

Ekanayake90

newbie

Activity: 106

Merit: 0

Quote from: Godday on June 17, 2024, 07:13:11 AM

I believe Manta is a good project. That's what I thought at first. I've read the white paper and seen a lot of people talking about it. Of course this isn't some bullshit project like a meme coin. But the reality is that this has become a trash project and I agree with you that developers will start abandoning this project after getting the coin released. So I think it's better to throw it away now rather than wait any longer.

A trash project? ARB is currently 64 percent down from its ATH, OP is 60 percent down.

Godday

sr. member

Activity: 1512

Merit: 397

PredX - AI-Powered Prediction Market

I believe Manta is a good project. That's what I thought at first. I've read the white paper and seen a lot of people talking about it. Of course this isn't some bullshit project like a meme coin. But the reality is that this has become a trash project and I agree with you that developers will start abandoning this project after getting the coin released. So I think it's better to throw it away now rather than wait any longer.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Godday on June 16, 2024, 11:26:57 AM

Quote from: asriloni on June 16, 2024, 09:33:57 AM

The price is always plunged without even stopping. It's now touching another All time LOW. The hell is still holding this crap. Other L2 token looks so stable at this moment, even during the bearish trend was happening. I've heard many people bought when the price was almost $4. Im expecting them lost more than 50% of their money at this time.

I had invested in Manta at $4 and to be honest I had a huge loss. Unfortunately, at that time I was even willing to exchange my Bitcoin for Manta because I saw several telegram groups talking about Manta. They say this is a good project if you look at the tokenomics and roadmap. This is not a project without fundamentals like meme coins but it is a very functional project. I shouldn't have believed the telegram group that made that prediction.

Another day, another all time low. You shall always be careful when holding this garabage token. The better if you sold it when btc was still at the top. It's almost impossible for you to see your manata to go back again at 4.

Token unlock will be until 2026. Be patience with your investment.

I told you guys this is gonna be dumped. If you are manta holder, then be careful when btc hits 60k. It may be dumping below $1.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: Dunamisx on March 15, 2024, 10:46:49 AM

Manta is a good token, if you can invest in it now and wait for some time for it to rise and perform well, for those that had invested earlier before now, they could attest to this fact on how vibrant it was performing after it launch, all you may need is to just invest and possibly wait and hold till the market surges back, then you will realized the possible potential Manta has, you can confirm this through it previous performance.

Manta is a promising coin indeed, in the past it has rewarded participants of its testnet with generous amount of tokens together with valuable NFTs, which could be sold in the NFT markets. Additionally, It is also possible to join their cedefi platform to stake Ethereum and other prominent coins and accumulate points those points will be converted into coins reward by the end of June-24. DYOR

Ekanayake90

newbie

Activity: 106

Merit: 0

Once again please look at what happened to Arbitrum and Optimism after hitting thier very first ATHs. See how many days it took for them to break the down trend and reach a new ATH.

bastian466

sr. member

Activity: 1372

Merit: 251

PredX - AI-Powered Prediction Market

If you look at CoinMarket, Manta has been listed on various major market exchanges such as Binance, Bybit, Kucoin, Gate.io and others, so it has provided good value in the eyes of investors. I think it's okay to try holding it for the long term because usually a coin listed on a giant exchange is quite promising

Godday

sr. member

Activity: 1512

Merit: 397

PredX - AI-Powered Prediction Market

Quote from: asriloni on June 16, 2024, 09:33:57 AM

The price is always plunged without even stopping. It's now touching another All time LOW. The hell is still holding this crap. Other L2 token looks so stable at this moment, even during the bearish trend was happening. I've heard many people bought when the price was almost $4. Im expecting them lost more than 50% of their money at this time.

I had invested in Manta at $4 and to be honest I had a huge loss. Unfortunately, at that time I was even willing to exchange my Bitcoin for Manta because I saw several telegram groups talking about Manta. They say this is a good project if you look at the tokenomics and roadmap. This is not a project without fundamentals like meme coins but it is a very functional project. I shouldn't have believed the telegram group that made that prediction.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Mate2237 on June 11, 2024, 03:45:05 PM

Quote from: asriloni on June 11, 2024, 11:09:27 AM

Holy Moly!!!! Who the heck is still holding this crap coin? You guys get rekt.

Bitcoin gone up to the 72k, but manta still did crap. This is a crap token shall be worth $1. It's getting closer to the ATL now. Expect bitcoin to recover in the upcoming months.

Be carefui, another dump is coming soon. 2% of the supply will go to the market next week. Im still expecting manta's price to decline even further. There is no signal for the bounce to happen. The token unlock makes it even worse.

The project is not really good to invest and there.dis mo future in the project and from what I see here this project is just a crap. And as I said the project is not the popular type. And anyone who is interested to invest in this shitcoin is for the person own risk. And there are many more like Manta in the crypto community and we should be careful with them.

Invest only in those coins that have value and increase in value whenever there is Bull Run.

The price is always plunged without even stopping. It's now touching another All time LOW. The hell is still holding this crap. Other L2 token looks so stable at this moment, even during the bearish trend was happening. I've heard many people bought when the price was almost $4. Im expecting them lost more than 50% of their money at this time.

The chart is not even looking good at this moment. It can be dumped to the another all time low if bitcoin will keep perform like shit.

Quote from: Ekanayake90 on June 15, 2024, 04:18:51 AM

Quote from: asriloni on June 11, 2024, 11:09:27 AM

Holy Moly!!!! Who the heck is still holding this crap coin? You guys get rekt.

Bitcoin gone up to the 72k, but manta still did crap. This is a crap token shall be worth $1. It's getting closer to the ATL now. Expect bitcoin to recover in the upcoming months.

Be carefui, another dump is coming soon. 2% of the supply will go to the market next week. Im still expecting manta's price to decline even further. There is no signal for the bounce to happen. The token unlock makes it even worse.

Its still a new project that belongs to a new narrative which is layer 2. We did not even go through an alt season for anyone to judge a new project this early. This is an industry where shit coins that has no utility at all can give you life changing money. The project is backed by credible entities. Common sense says it will at least hit a new all time high during an alt season

There are so many new projects that are still relatively stable despite the dump that happened to the bitcoin. I judge this token based on the fact. If the project was strong enough and it would be able defending its price without even touching a new all time low.

You can also compare manta's TVL to another L2's TVL like blast.

Jose Mourinho

sr. member

Activity: 585

Merit: 250

PredX - AI-Powered Prediction Market

Manta is a project that is still relatively new, and I think it is very difficult to analyze whether this project will develop very well, it's best to study carefully before you make transactions with Manta, it's best to look for projects or meme coins that are trending, where everything something that is trending, if you are lucky it will have a good impact on you,

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: shinratensei_ on June 15, 2024, 06:36:23 AM

Quote from: Ekanayake90 on June 15, 2024, 04:18:51 AM

Its still a new project that belongs to a new narrative which is layer 2. We did not even go through an alt season for anyone to judge a new project this early. This is an industry where shit coins that has no utility at all can give you life changing money. The project is backed by credible entities. Common sense says it will at least hit a new all time high during an alt season

the problem is that there are so many L2 coming up, so manta probably gonna be forgotten in no time, the L2s that gonna take up entire market share are those with hundred of millions of investment for venture capitals, manta although got plenty of high tier venture capital on their wing is also a layer 2 that never really sought after, current price reaching another low is not a good sign either, i personally only invest in L2 until it reached ath then i cash out, sometime it fails but most of the time it works, and i'm done selling manta at around $3 and won't be coming back.

also to add, manta just really slow in growing their ecosystem their EcoFUnd worth $50 million for building the ecosystem should be held long before it hits all time low, the ecosystem too late to mature and people already abandons it, i can be wrong though.
but with the emergence of new L2s I guess thats where most of the money gonna be going, i mean to be fair, when a project token is tanking they always got underestimated, maybe manta can do something in the future.

I don't see L2 even as a narrative, and i don't understand why people think it is. Because majority of cryptos, that have ever been made in the history of cryptos have been L2. People just think they sell because they are L2, but the fact is when you don't need to care about security of the chain everything just becomes faster, easier and cheaper.

But about Manta... I am guessing that they have some sort of spread the word -bounty. As i have seen more talk about it, and replies that are automatically praising it, seem to come fast.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Ekanayake90 on June 15, 2024, 04:18:51 AM

Its still a new project that belongs to a new narrative which is layer 2. We did not even go through an alt season for anyone to judge a new project this early. This is an industry where shit coins that has no utility at all can give you life changing money. The project is backed by credible entities. Common sense says it will at least hit a new all time high during an alt season

the problem is that there are so many L2 coming up, so manta probably gonna be forgotten in no time, the L2s that gonna take up entire market share are those with hundred of millions of investment for venture capitals, manta although got plenty of high tier venture capital on their wing is also a layer 2 that never really sought after, current price reaching another low is not a good sign either, i personally only invest in L2 until it reached ath then i cash out, sometime it fails but most of the time it works, and i'm done selling manta at around $3 and won't be coming back.

also to add, manta just really slow in growing their ecosystem their EcoFUnd worth $50 million for building the ecosystem should be held long before it hits all time low, the ecosystem too late to mature and people already abandons it, i can be wrong though.
but with the emergence of new L2s I guess thats where most of the money gonna be going, i mean to be fair, when a project token is tanking they always got underestimated, maybe manta can do something in the future.

Ekanayake90

newbie

Activity: 106

Merit: 0

Quote from: asriloni on June 11, 2024, 11:09:27 AM

https://i.postimg.cc/65nHg1jF/image.png

Holy Moly!!!! Who the heck is still holding this crap coin? You guys get rekt.

Bitcoin gone up to the 72k, but manta still did crap. This is a crap token shall be worth $1. It's getting closer to the ATL now. Expect bitcoin to recover in the upcoming months.

https://i.postimg.cc/mD9X4XZc/bfsobs.png

Be carefui, another dump is coming soon. 2% of the supply will go to the market next week. Im still expecting manta's price to decline even further. There is no signal for the bounce to happen. The token unlock makes it even worse.

Its still a new project that belongs to a new narrative which is layer 2. We did not even go through an alt season for anyone to judge a new project this early. This is an industry where shit coins that has no utility at all can give you life changing money. The project is backed by credible entities. Common sense says it will at least hit a new all time high during an alt season

Topic: Is Manta a promising project? - page 2. (Read 1750 times)