Manta Network’s native MANTA token surged 17% over the past 24 hours, outpacing most other established altcoins.
This price pump comes as Manta begins to gain traction for its infrastructure that helps developers build and deploy zero-knowledge (ZK) applications.
With presales like Bitcoin Minetrix (BTCMTX) also trending upwards with over $9.2 million raised, things are beginning to look up once more for the crypto market.
MANTA surged to an all-time high of $3.30 on Wednesday evening yet has since pulled back by around 10%.
This price peak comes less than a week after conducting an airdrop for early supporters, which led to immediate gains for MANTA.
According to CoinMarketCap, trading volumes have rocketed 110% in the past 24 hours – making MANTA the 10th most-traded token in the world.
In tandem with the token’s rapid rise, Manta’s total value locked (TVL) has also grown since its mainnet launch.
According to DeFiLlama, there is now over $429 million worth of TVL on Manta, making it a top ten blockchain for DeFi protocols.
All of this success comes on the heels of Manta’s launch through Binance Launchpad as the 44th cryptocurrency to debut on the platform.
Many other projects that have followed a similar launch strategy have also gone on to achieve price success, such as Xai (XAI).
As adoption grows, Manta seems well-placed to capitalize on the growing demand for innovative blockchain solutions.
But what is Manta Network, and what does it do?
At its core, Manta is a modular ecosystem focused on ZK applications that use cryptography to keep certain information private while still providing its validity.
This makes Manta well-suited for building DeFi applications and other sensitive Web3 services that require enhanced security features.
Specifically, Manta provides the infrastructure for developing and deploying ZK applications.
It offers two main networks for this – Manta Pacific and Manta Atlantic.
The former is a layer-2 scaling solution to run Ethereum-based applications with lower fees, and the latter is a standalone ZK blockchain focused on privacy-preserving credentials.
Beyond privacy, Manta brings additional benefits like easy Solidity development, tools to integrate ZK into existing applications, and a growing ecosystem of projects leveraging its groundbreaking technology.
The native MANTA token underpins all these features and facilitates governance, staking, and fee payment.
Ultimately, Manta Network seeks to make ZK technology more usable for the next generation of Web3 applications – which is why so many crypto investors are beginning to pay attention to the project’s progress.
While projects like Manta Network continue to advance privacy capabilities, new protocols aiming to shake up the crypto-mining sector are also gaining steam.
One such project is Bitcoin Minetrix (BTCMTX), which is amid a token presale that just crossed the $9.2 million milestone for funds raised.
What makes Bitcoin Minetrix unique is its innovative stake-to-mine mechanism that allows BTCMTX holders to earn cloud mining credits over time by staking their holdings.
These credits can then be redeemed to mine Bitcoin virtually through Bitcoin Minetrix’s mining pools – with rewards going back to the miners rather than middlemen.
This setup helps decentralize access to crypto mining, enabling more users to participate and benefit.
It has quickly resonated with the community – more than 19,000 people now follow Bitcoin Minetrix’s Twitter account.
Also, over 585 million BTCMTX tokens have been staked already despite the project not yet being officially launched.
Early investors can buy BTCMTX tokens for $0.013 during the current stage of the presale, although this price will increase in subsequent stages.
This means investors who get involved the earliest will obtain more BTCMTX tokens for their money.
With the development team already hinting at major exchange listings once the presale concludes, Bitcoin Minetrix seems well-placed to disrupt crypto mining.
BTCMTX tokens can be purchased using ETH, USDT, or a credit/debit card at bitcoinminetrix.com.
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