After a period of weaker prices, market participants are now watching to see if MANTLE's recent price bounce and strong trading activity signal a change in its short-term trend.
MANTLE shows strong yearly performance
Over the last year, MANTLE's price increased by
↗68%
, making it the top performer among Layer 2 projects. This gain stands in sharp contrast to the average decline of
↘43%
for the category during the same period.
Recent price performance has been weaker
Despite its long-term strength, the asset's price fell
↘5%
over the past week and is currently trading
↘53%
below its all-time high. While its price rose
↗2%
in the last 24 hours, this was below the
↗8%
average gain for similar Layer 2 projects.
Trading activity remains high despite price dips
MANTLE continues to see high trading interest, with its 24-hour volume growing by
↗19%
, more than double the broader market average of
↗8%
. This activity places it among the top three most-traded Layer 2 protocols.