Manta Network Price Prediction 2024, 2025, 2030

Manta price prediction

Manta Network was launched in September 2023, however, it got the attention of the cryptocurrency world when its token generation event had it trending on every top coin aggregator and news outlet in the space.

Outside of the hype, the Manta Network offers some serious technology in the form of a modular-based zero-knowledge (ZK) rollup for Ethereum—complete with Solidity smart contracts—coupled with a decentralized identity layer 1 network that focuses on compliance.

Here, we’re going dive into what Manta Network is all about, while also looking at what the future might hold for the price of the network’s token, $MANTA, and building an informed Manta Network price prediction along the way.

Manta Network Coin Price Prediction 2024-2030

  • Manta Network’s $MANTA token has been live for 8 days and has seen steady token price growth in that time, currently trading up 38.2% from launch
  • It hit its all-time low, $2.05, on its first day of trading as the network was hit by a DDoS attack
  • The token then rebounded and has since climbed to hit an all-time high (ATH) of $3.30 on January 24th
  • With Ethereum’s rollup-focused roadmap for 2024, and upgrades planned to the Manta Network we think its token will continue to grow in value, hitting a high of $6.00 this year
  • In 2025, fueled by the growing popularity and use of Ethereum rollups and the continued demand for ZK technology, we expect $MANTA to hit a maximum valuation of $10.10
  • So long as regulators are friendly towards ZK technology and the Manta Network continues to grow, we forecast highs of $21.25 for $MANTA in 2030
Year Low Price Average Price High Price
2024 $2.00 $4.25 $6.00
2025 $3.50 $7.75 $10.10
2030 $12.50 $16.25 $21.25

Manta Network Price History

The price history for Manta Network’s $MANTA token starts on January 18th, 2024, when the tokens were first issued, and $MANTA’s opening price on CoinMarketCap was $2.3212. It quickly rose to a value of $2.6738 before an ongoing DDoS attack slowed the network down and increased gas fees. Token prices subsequently dropped to hit $2.05, which is also the token’s all-time low.

What is a DDoS Attack?

DDoS stands for Distributed Denial of Service, and a DDoS attack is when a malicious actor floods a network with fake requests that then block actual users from utilizing that network, resulting in the services of that network being slow, severely limited, or entirely inaccessible.

While a network might be inaccessible during a DDoS attack the funds secured on that network, and those in the users’ accounts, are safe.

The effects of the DDoS attack lasted until January 20th, prompting the Manta team to reimburse any fees over 0.001 ETH. In this time the token price traded sideways, staying above $2, before starting a steady upward trajectory in the early hours of January 21st. It climbed to new ATHs of $2.7143 that day before dipping to $2.21 on January 23rd.

After hitting this price it began a steady two day climb to post its current ATH of $3.30 late on January 24th. It is currently trading just beneath this at $3.21.

Manta Price History Summary

  • Manta’s price history starts from its token issuance event, and its first listed price was $2.3212
  • The price then dropped as network speed dropped and transaction costs increased as a result of a DDoS attack, causing $MANTA to hit its all-time low of $2.05 within a few hours of launch
  • The price stabilized and started an upward trend, hitting new highs of $2.7143 on January 21st
  • From here it dipped down to $2.21 on January 23rd
  • From this point it started a climb, hitting its current ATH of $3.30 late on January 24th

Manta All-Time Price Chart

Manta Network Price Prediction 2024

The Manta Network has seen impressive growth and adoption in the first week after its token generation event, and the large, $1.5 billion, DeFi TVL it has already accumulated shows that this network is here to stay; but what does the rest of 2024 hold for the Manta Network crypto price? Below we lay out our Manta Network price prediction for 2024.

Q1 2024

While Q1 of 2024 started with fireworks with the approval of Bitcoin ETFs, the rest of the quarter looks to be quite quiet for the crypto markets with many of the interesting events set to take place later in the year.

Some do expect the Dencun upgrade to be introduced to the Ethereum Network in early 2024; but developers have said that it is a “complex upgrade” and that “testing will take time.” As a result, many are expecting its mainnet release to be delayed into Q2 or even Q3 of 2024. This upgrade is incredibly exciting for layer 2 rollups like Manta, as this upgrade aims to scale Ethereum to process 10,000+ transactions per second using rollups.

While the Manta Network is currently live it is not yet in its final form, and, per the Manta roadmap, the Manta Pacific network is currently in stage 2 of 4 of development. There is no time frame for stage completion, but it can be expected that this might be completed in either Q1 or Q2 of 2024.

Manta Roadmap Banner

Q2 2024

Q2 of 2024 promises some interesting events outside of the Manta Ecosystem, including the next Bitcoin Halving event, expected to take place in mid- to late-April. While history tells us there there is not typically any price action around the event, this year might be different with the introduction of ETFs and increased attention on, and adoption of, crypto.

There’s also the possibility of an Ethereum ETF launch, with a first approval deadline now set for May 23rd. If this happens, it will likely be a bullish signal for the crypto markets. In addition to this, the Fed is now expected to begin interest rate cuts in May, which is expected to be a positive signal that will have more investors moving out of more stable assets and into more volatile assets, like cryptocurrencies. If these two events coincide this could have great price implications for Ethereum and the rollups built on top of it.

Alongside all this crypto-market-wide news, there is also the expectation that the Manta ecosystem could continue growing at the impressive rate that it is already doing, adding projects, exchanges, and bridges to its repertoire and further increasing its appeal to investors and DeFi users.

Q3 and Q4 2024

If not implemented by this point, this is when the Decun upgrade should finally be released. If it is released before Q3 and Q4 of 2024, this period is when we expect the user impact to be truly felt as users continue to branch out further and explore the layer 2 landscape on Ethereum, which is going to be positive for the growth of Manta Network’s and increase the demand for its token.

Furthermore, there is the expectation that a bull market will likely be in full swing by this point and that the Fed will continue to cut interest rates throughout the later part of 2024 as the US and global economy improves—all positive factors for crypto price action.

2024 Price Prediction Summary

Manta Network launched just as the cryptocurrency markets were experiencing the effects of a new—to them at least—financial paradigm with the approval of 11 Bitcoin ETFs by the SEC.

While the market is currently holding steady, with bitcoin clinging to $40,000, the overall outlook for 2024 is bright and this is reflected in our Manta Network price prediction for 2024 in the table below.

2024 Price Prediction
Low $2.00
Average $4.25
High $6.00

Manta Network Price Prediction 2025

If you read into history, 2025 brings the potential for new ATHs for bitcoin and many top altcoins as the price impact of the Bitcoin Halving—typically felt 12–18 months after the event occurs—is predicted to happen this year. However, there are schools of thought that say this predictability is no longer true as a result of today’s popularity of crypto.

Along with these, there’s also the potential for more upgrades to the Ethereum network, moving us closer to proto-danksharding and, ultimately, danksharding and a rollup-centric Ethereum model—which would be highly beneficial for Manta Network.

Then there’s also the potential for the continued growth of Manta Network. As blockchain technology becomes more popular, easier to explore, and more regulated, there are going to be an increasing number of users seeking privacy, and, for mainstream blockchains at least, this comes in the form of ZK technology. Manta is already the biggest ZK solution on the market, and, if the network’s development and growth continue at a good pace, we can expect the token price to appreciate with demand.

As a result, our predictions for the $MANTA token in 2025 are positive, and our Manta Network price prediction for 2025 has a high of $10.10, as Manta breaks the 2 digit price mark, a median price of $7.75, and a low of $3.50.

Manta Network Price Forecast Long Term Outlook – 2030 Predictions

Looking further out into the future increases the uncertainty of what might affect our Manta Network price forecast. However, there are some factors we can take into account when making a Manta Network price prediction for 2030.

Firstly, by 2030 it is expected that regulatory frameworks for crypto will be in place in the majority of countries around the world. The hope is that these will be positive and will continue to foster the innovation and development needed to continue growing blockchain technology. However, if lawmakers in major countries turn against ZK technology then the Manta Network will suffer greatly.

So long as everything goes to well with regulation, the Manta Network should have emerged from its roadmap as a force to be reckoned with in the blockchain world. Ethereum should also have finished, or be close to finishing, its current roadmap which puts a lot more of the transaction burden on rollups and layer 2 technologies—resulting in an increase in demand for tokens like $MANTA.

If, however, we’re sticking with the 4-year cyclical price action narrative that results in a bull run 12–18 months after a Bitcoin Halving, then 2030 is when we could be coming down from highs induced by the 2028 Halving event—putting downward pressure on price.

Overall, with a positive outlook for blockchain technology and the growth of the Manta Network, our Manta Network coin forecast for 2030 has a high of $21.25, a low of $12.50, and a median price of $16.25.

Potential Highs & Lows of Manta Network Coin Price

In the table below we’ve summarize our predictions for the Manta Network crypto price in 2024, 2025, and 2030.

Year Low Price Average Price High Price
2024 $2.00 $4.25 $6.00
2025 $3.50 $7.75 $10.10
2030 $12.50 $16.25 $21.25

What do Other Analysts Predict for Manta Network Coin?

Below we’ve summarized the Manta price predictions from other websites and analysts.

The DigitalCoinPrice platform uses an algorithm to predict a linear growth in a token’s price, and predicts that, in 2030, $MANTA will trade hands for between $20.48 and $22.53 per token.

The website PricePrediction predicts a high of $7.61 in 2025. It also predicts that this token will increase by over 1,300% in 2030, with a high-end price estimate of $47.41.

The Changelly blog predicts a high of $4.96 for Manta in 2024, and a more than 10x price increase by the end of 2030, with an estimated high of $50.46.

The CCN website asked the GoogleBardAI for a Manta Network price prediction and the AI responded with a range of $42 to $84 in the next 5 years.

The CoinCodex website predicts slow and steady growth for $MANTA, with a high of $4.11 and the toke price not surpassing $10 until 2030—where a high of $10.21 is expected.

What is Manta Network Coin and What is it Used For?

Manta Network is a modular blockchain network made up of two distinct chains, Manta Atlantic and Manta Pacific. Manta allows developers to build zero-knowledge dApps in Solidity—the world’s most popular smart contracting language and, at the time of writing, Solidity-based smart contracts secured over 94% of DeFi TVL.

Manta aims to offer the best experience for the next generation of Web3 dApps that are building using ZK technology by offering a ZK-based network with faster transaction speeds than existing layer 1 blockchains and lower gas costs than top layer 2 networks, all while allowing users to tie their on-chain activity to a compliant ZK-identity layer; meaning users can transact privately but still prove all their online activity to those who need to know, e.g., the taxman.

What is Zero-Knowledge Technology?

Zero-knowledge technology is used for transactions that use zero-knowledge proofs. In a ZK-proof, one entity proves to another entity that they know something without revealing any of the context or content of what they’re proving. This allows the second entity to be certain that the prover knows something without requiring knowledge of the details or an explanation of how they know.

ZK technology allows 3rd parties to verify that a user has a piece of knowledge, or ownership of something, without revealing to them what that knowledge specifically is, or what that something is that they own.

Ultimately, this allows people to transact on a decentralized, public network without revealing any of their personal or transactional information.

Vitalik Buterin, a cofounder of Ethereum, described zero knowledge as just as important as blockchain technology itself, in a 1 hour zero knowledge panel discussion at Devcon in Bogotá, and those looking for an explanation with examples can view this video on zero knowledge proofs from the Mina protocol.

Manta’s Two Networks

As mentioned, the Manta network consists of two different networks:

Manta Pacific: A zero-knowledge, Ethereum layer 2 network (rollup), that focuses on scalability and security. It uses the Celestia modular network for data availability, helping to significantly increase transaction speed, and utilizes the Polygon zkEVM (Ethereum Virtual Machine) to provide a low fee, zero knowledge environment for solidity smart contracts to run in.

Manta supplements this with a ZK library that the developers of existing applications, by inserting a few lines of code, can use to enable ZK features on existing smart contracts. They also offer support for Universal Circuits, which allows for the development of ZK-based dApps in Solidity.

Manta Atlantic: A fast and decentralized layer 1 network that supports on-chain compliance identities and also supports zkNFTs, staking, and dApps. The focus of Manta Atlantic is to operate as a ZK identity layer that offers interoperable and complaint identities to other projects and chains, taking the necessary ZK cryptography off their plate and allowing them to integrate on-chain identity solutions with just a few lines of code. This system uses on-chain credentials that are tied to an off-chain identity database.

Manta Network Homepage

What Manta Network Offers Users

All this technology offers developers the tools to build with zero-knowledge technology, but what is the end result for the user? Here we’ve listed some of the many outcomes that the user can expect when using Manta:

  • Faster transaction speeds than layer 1 blockchains
  • Lower gas costs than existing layer 2 solutions
  • Enhanced privacy for anonymous transactions
  • A highly scalable blockchain that can scale as its use base grows
  • Governance voting rights with the $MANTA token

While the Manta Network has an extensive grants program to entice developers over to its network, there is also a large focus on DeFi. This has proven popular with users because it has already reached #9 when chains are ranked by DeFi TVL and #3 out of all layer 2 chains.

What is the Manta Network Token Used For?

The Manta Network token, $MANTA, has numerous utility functions in the Manta Network ecosystem. The most prominent of these are:

  • Transaction Fees:The $MANTA token is used by users to pay for transaction fees on the Manta Atlantic network
  • Staking:Holders of Manta can stake their tokens to run a collator which helps to secure the Manta Network.
  • Delegating:Holders of $MANTA who don’t want to run a collator can delegate their $MANTA to those who do run collators to help secure the network. 2% of the supply issued each year is allocated to stakers.
  • Governance: Those who hold $MANTA tokens can vote on governance decisions on both the Manta Atlantic and Manta Pacific Networks.

The Manta Network Governance Structure

The Manta Network’s governance structure is another experiment in decentralized governance, showing just how much this sector of the space is evolving. Here the Manta project has implemented a governance structure that is made up of 5 Councils that collectively oversee the network’s development, treasury, future direction, and grant distribution. These councils are as follows:

  • The Legislative Council: Made up of $MANTA token holders, who contribute to decisions on the network’s roadmap, vision, tokenomics, and utility.
  • The Executive Council: The Manta Foundation. They translates the Legislative Council’s decisions into actions. Focused on network operations, educational initiatives, and research development
  • The Judicial Council:Oversees grant distribution and the implementation of governance tools.
  • The Examination Council:Manages the electoral process for electing Manta Foundation members.
  • The Control Council: Oversees and “audits” the entire governance process, helping to maintain the integrity of the network and its governance processes.

So, much of the governance process starts with $MANTA holders and trickles down through the other bodies for approval and implementation—which still gives these bodies a sizable say over the direction of the network.

Manta Governance Banner

Manta Network Coin Overview

Below is a summary of the key stats of the Manta Network’s $MANTA token.

Cryptocurrency Manta Network
Ticker Symbol MANTA
Rank #76
Price $3.21
Price Change 24H 30.66%
Market Cap $806,229,788
Circulating Supply 251,000,000 MANTA
Trading Volume 24H $724,169,949
All Time High $3.30
All Time Low $2.05

What Influences the Price of Manta Network?

As a layer 2 network building using an emerging, privacy-focused technology, the Manta Network crypto price can be influenced by a myriad of factors. We’ve detailed the biggest of these here for you.

Crypto Market Prices: As seen with the ripple effects of Bitcoin ETF approval at the beginning of the year, movements in the price of the top cryptocurrencies spur price movements in different sectors of the crypto industry—and can sometimes move the whole market.

This can happen in both directions and we can expect that Manta will not be immune to these price movements and will follow the market rollercoaster up and down.

Macroeconomic Climate: An improving macroeconomic climate is a good sign for crypto as investors are more likely to move funds into more speculative assets, such as crypto. If, however, the global economic situation doesn’t show signs of improving then token prices are likely to take a downturn with it.

Crypto Regulations: As a layer 2 blockchain, built on ZK technology, and focusing on providing identity solutions for ZK operations Manta Network is exposed to many elements of crypto that are going to be scrutinized by regulators around the globe.

While blockchain technology might be accepted by regulators, the biggest complaint against it is that it helps criminals to obfuscate their transactions and funding—this is incorrect as the transparency of blockchains does the exact opposite. ZK Technology is focused on providing such privacy and, as such, may not be accepted by regulators, which would likely be a devastating blow to Manta Network’s token price.

Ethereum Upgrades: As the Ethereum network passes each milestone in its roadmap its price is likely to pump with it. As the current section of the roadmap, called The Surge, is designed to increase the utility of layer 2 rollups (like Manta Network) we can expect that layer 2 token prices will also appreciate in the run-up to these events.

Manta Network Growth and Adoption: As the Manta Network grows, both through its roadmap and by adding more dApps and utility to the network, demand for the $MANTA token will also grow. As a result, it can be expected that token prices will appreciate with this growth in demand. If, however, demand for the network does not grow, then token prices are likely to fall.

Release of Competitors: There are almost a dozen ZK-rollups on Ethereum, and Manta has quickly climbed to the top of the pile to become the most popular of them. However, ZK technology is in its early stages and, as alternatives to Manta are launched investors might diversify their holdings by shedding some of their $MANTA and investing in the alternatives—bringing the $MANTA price down in the process.

Is Manta Network a Buy?

With Manta’s impressive start and rapid climb to the top 10 in the DeFi TVL charts, it already seems like this network has promise. Add to this the fact that the Ethereum roadmap is focused on increasing functionality to scale using rollups like the Manta Pacific network, then it looks like $MANTA should be a part of anyone’s portfolio.

Its ecosystem growth has been impressive so far, and a grant system is aiming to help sustain that growth. It is also a network at the forefront of building with ZK technology; a technology that is expected to become more and more important in the blockchain world as adoption grows and society advances from its current state.

However, while this final point may also be a reason to consider buying $MANTA it might also be a reason as to why, in the future, you may not want to hold $MANTA. As lawmakers draw up regulations for blockchain technology they are wary of its ‘potential for hiding transactions.’

Once they finally discover this not to be true they’ll discover ZK technology, and they will approach such a technology with a huge amount of skepticism and doubt, which may mean that they will not permitted its use. Potentially a death kills for many ZK protocols.

Best Place To Buy Manta Token In 2024

Binance is one of the top crypto exchanges for traders of all levels, and, at the time of writing, the majority of the trading volume for Manta Network’s $MANTA token was through the Binance exchange. This why we recommend Binance as the best place to buy $MANTA.

Binance home

With Binance being the top exchange when ranked by trading volume and number of weekly visitors, traders can be sure that there is always enough liquidity for them to be able to make their trades; even for the newest of cryptocurrencies like Manta Network.

Users of Binance also trade with some of the lowest fees on the market, with a commission of 0.10% per trade—which users can cut by 25% if they hold the platform’s BNB token, or by hitting minimum trading volume limits.

Finally, Binance also offers staking for a wide variety of cryptocurrencies, featuring an array of APYs, and accepts a plethora of deposit methods, along with dozens of fiat currencies. For the more advanced traders, Binance also offers crypto futures, options, and the ability for traders to leverage their trade 1.5–3x.

Conclusion

Manta Network’s uber-successful launch has helped to excite people around the concept of layer 2s, zero-knowledge technology, and what it all means for the future of cryptocurrency markets and the blockchain movement.

These factors alone, however, don’t just give Manta Network a free pass to the top of the charts, and you’ll have to click through to see if it makes our list of the top cryptocurrencies to buy this year.

References

FAQs

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Ben Beddow

Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. Since then he has produced both technical and promotional content for layer 2 protocols (Milkomeda), blockchain development companies (dcSpark and Emurgo), and written content for his own ecosystem mapping website.