This Coinbase-Listed Crypto Is Taking Off—With a Little Help From Ethereum: Analysis

In brief

  • The broader crypto market rally has stalled, with total market cap falling again today.
  • But one token is swimming against the current: Mantle, or MNT.
  • Mantle is building an Ethereum treasury, and ETH charts tell an interesting story of their own.

The cryptocurrency market is catching its breath after Monday’s exuberance, with the market as a whole sliding 1.38% to $3.7 trillion on Tuesday. The crypto market saw broad gains over the past 24 hours, led by Ethereum layer-2 tokens which posted solid gains throughout the day. But today’s charts tell a different story as traders apparently lock in profits.

Still, there’s at least one token bucking the trend: Mantle, which trades as MNT on Coinbase and other exchanges, is up 8%…

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