Welcome back,
In today's blog we will talk about a new layer 2 blockchain named Manta, this is the blockchain I am counting on based on my latest research. When we talk about layer 2 blockchain the top players are polygon and ImmutableX.
Layer 2 blockchains that were introduced during this bear market then Optimism and Arbitrum are seen as the top players and they will definitely gain a huge amount in the upcoming bull run, there is no doubt and that is why I also own both of these tokens.
But the layer 2 blockchain I am about to talk about today is still at a low market cap compared to other top layer 2 blockchain solutions. I am talking about the MANTA network here and it is resting at $777 million of market cap.
When you compare it with Polygon which is almost $10 billion and also OP and Arb are also $2+ and $1+ billion already. I think Manta can be a good project to take part in and that is why I have already bought it at a price of $3-3.1 price range.
There is a important thing I have noticed in Manta network, they are working on ZK i.e Zero knowledge technology and in short this is the technology which makes it possible to reduce the transaction speeds to less than 1 second, so we can say that transactions/ transfer will be instant in this technology.
Polygon is also trying to work on this, let us take a look at it's tokenomics now.
25% of the total coins are already in the market and we are yet to see 75% of unlocking in coming years. I will soon share about the vesting details so that you can make your decision considering the same.
Every month 1.38% of Manta max supply will get unlocked and at that rate the max supply will come into the market by 2031 so that is around 7 years more from this day. I think the current price of Manta is under the buying range.
Rest, I suggest the readers to do their own research for this token and then decide what they want to do as I am no one's financial adviser. I predict Manta to go 10-15X in the upcoming bull run, let's see if this prediction will be true or not.
Thank You and Happy trading everyone.