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Minativerse Token (MNTC): 38.73% Drop, $10.9M Volume

Minativerse Token (MNTC): 38.73% Drop, $10.9M Volume

Quick Overview

MNTC is trading at $12.28, with a 24-hour drop of 38.73% and a trading volume of $10,903,857.51.
Peaked at $28.99 on June 1, 2024, and hit a low of $0.4104 on November 14, 2023. It has fluctuated significantly within a week.
Market cap at $68,995,407, circulating supply of 6,300,000 MNTC, with potential future dilution affecting prices.
Bitcoin at $71,300 sets the tone for the market. Altcoins like Binance Coin show significant gains, impacting overall market sentiment.
Significant inflows, especially in Bitcoin ETFs, drive positive sentiment. The MNTC/USDT pair is the primary driver of its trading volume.

The world of cryptocurrency is dynamic, with tokens constantly fluctuating in value due to various market forces. Minativerse Token (MNTC) is no exception. This article delves into MNTC’s current trading performance, historical price movements, and the trends influencing its future.

MNTC Trades at $12.28 with 38.73% Drop in 24 Hours

Minativerse Token (MNTC) is currently trading at $12.28. Over the past 24 hours, it has experienced a significant price change, dropping by 38.73%. This steep decline is notable, especially considering the 24-hour trading volume of $10,903,857.51, suggesting high liquidity and active trading. The 24-hour price range for MNTC has been broad, fluctuating between $11.00 and $20.89, highlighting the token’s volatility.

Historical Volatility: MNTC’s High at $28.99, Low at $0.41

Historically, MNTC has shown substantial volatility. The token reached its all-time high of $28.99 on June 1, 2024, just a few days ago. This peak starkly contrasts its all-time low of $0.4104 on November 14, 2023. Over the past seven days, MNTC has seen a price change of 8.95%, with a weekly range between $9.43 and $28.55. This indicates that while the token has experienced recent sharp declines, it has also demonstrated periods of rapid appreciation.

Mintaverse Token Market Cap and Supply Analysis

With a market capitalisation of $68,995,407 and a circulating supply of 6,300,000 MNTC, the token holds a market rank of #600. The fully diluted valuation of MNTC stands at $122,597,416, assuming the total supply of 11,150,000 tokens. Compared to the total and max supply, the relatively limited circulating supply points to potential future dilution, which could impact the token’s price as more tokens are introduced into the market.

Comparing MNTC with Bitcoin and Leading Altcoins

The leading cryptocurrency is currently priced at $71,300 with a market cap of $1.4 trillion. Recently, Bitcoin has faced resistance at the $70,000 level but has managed to surge past it, hitting a multi-week peak. This robust performance of Bitcoin often sets the tone for the broader cryptocurrency market. In comparison, MNTC’s performance appears more volatile and less stable.

Among altcoins, notable gainers include Binance Coin (BNB), Toncoin, and Shiba Inu, with Binance Coin reaching a new all-time high of $715. The broader altcoin market has seen significant gains, contributing to a total crypto market cap increase of $80 billion in a single day, reaching $2.8 trillion. This surge in altcoin values indicates a bullish trend in the market, potentially benefiting tokens like MNTC.

Market Trends Influencing The Token: Bitcoin ETF Inflows

The cryptocurrency market is currently experiencing substantial inflows, particularly in Bitcoin ETFs in the US. This influx of capital is driving market sentiment positively. For MNTC, these trends could mean increased investor interest and higher trading volumes, albeit with heightened volatility. The token’s main exchange, Bitget, and its primary trading pair, MNTC/USDT, dominate trading activity, with the MNTC/USDT pair alone accounting for $10,225,119 of the 24-hour volume.

MNTC Sees 1,279% Volume Increase, 39.5% Price Drop

MNTC’s recent price movements indicate significant volatility. A 24-hour trading volume increase of 1,279.10% suggests heightened market activity and interest. The token’s price performance in different timeframes shows mixed results: a 1-hour increase of 21.8%, a 24-hour drop of 39.5%, and a 7-day gain of 9.0%. Over a longer period, such as 14 days and 30 days, the token has appreciated by 267.6% and 424.2%, respectively. These figures reflect a highly volatile asset with substantial short-term price swings.

Future Trends for The Token: Volatility and Market Sentiment

Predicting the future price of MNTC involves considering several factors. The token’s historical volatility, current market trends, and overall sentiment towards cryptocurrencies will play crucial roles. If the current bullish trend in the broader crypto market continues, MNTC could see renewed interest and potential price increases. However, investors should be cautious of the token’s high volatility and potential for significant price swings.

MNTC’s Volatility and Future Outlook in Crypto Market

Minativerse Token (MNTC) is navigating a highly volatile market with substantial short-term price fluctuations. While the token has shown impressive gains over longer periods, its recent performance highlights the risks associated with such investments. The broader cryptocurrency market trends, particularly those driven by Bitcoin’s performance and altcoin gains, will significantly influence MNTC’s future. Investors should stay informed and consider the inherent volatility when making investment decisions in MNTC.

The cryptocurrency landscape is ever-changing, and tokens like MNTC reflect the dynamic market. Investors can better navigate this complex and potentially rewarding investment landscape by understanding current trading dynamics, historical performance, and market trends.

The post Minativerse Token (MNTC): 38.73% Drop, $10.9M Volume appeared first on FinanceBrokerage.

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