Renowned in the crypto space, analyst Inmortal has drawn attention with his assessment of the Mantle platform’s native token , MNT. He suggested that MNT’s price movements resemble Chainlink’s pre-bull phase in the past, indicating that it may possess similar upward potential.
MNT May Follow Chainlink’s Path
Inmortal, known for his insights shared over social media, pointed out that MNT’s current price levels are quite attractive. According to him, MNT could experience a significant surge similar to what Chainlink $15 achieved between 2019 and 2020. Notably, Chainlink recorded a staggering 3,797% increase from its low points during that time.
Inmortal believes that a similar scenario could unfold for Mantle. He suggests that MNT’s early-stage project characteristics present investors with a potential opportunity. Currently trading around $0.66, MNT is forecasted to rise to as high as $6 in the near future.
The analyst’s comments have garnered interest from investors seeking new opportunities in the market. It is noted that assets like MNT, which have not yet reached mainstream status, should be monitored closely. Inmortal’s remark stands out: “MNT gives me early Chainlink vibes. It’s definitely a preference for me.”
Bitcoin Faces Critical Test at $95,000
Alongside MNT, Inmortal highlighted another focal point: Bitcoin’s price movements. He expressed that the response of the leading cryptocurrency at the $95,000 level will be crucial for determining the general market direction. If this level acts as support, it could pave the way for new upward momentum.
Referencing Bitcoin’s previous drop from $45,000 to $16,000, Inmortal noted that the price is being tested in a similar fashion during this cycle. He believes that the current price movements offer clues about whether new market lows may occur.
According to the analyst, if Bitcoin $92,873 maintains its support line, upward movements in other altcoins may also be observed. However, he emphasizes that investors should remain cautious and assess the market alongside technical indicators.
In both the analysis of MNT and Bitcoin, past price movements and technical data are prioritized. This approach offers investors the opportunity to evaluate potential gains alongside associated risks.
