The major Layer-2 digital currencies, including Mantle (MNT), Arbitrum (ARB), ImmutableX (IMX), Polygon (MATIC), and SKALE (SKL), have experienced notable declines recently. This trend indicates that Solana rival altcoins to sell in anticipation of potential market changes due to the expected Bitcoin halving in April 2024. Such strategic sales are affecting the market, suggesting a bearish outlook as the halving event nears.
1. Mantle (MNT): Leading Altcoins To Sell?
Mantle (MNT), an Ethereum layer 2 platform, has recently captured attention in the crypto sphere. Impressively, the Mantle coin has surged by 170% since the year began. Over the last month, ARB has risen by 20%.
The coin’s market capitalization now stands at $4.2 billion. Starting from a modest $0.75 in early March, it reached a peak of $1.51 in the second week of April, setting a new all-time high.
Mantle price chart
However, following this peak, Mantle experienced a correction with a modest decline of 0.89% over the
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