Mantle's MNT Could Surge 800% by 2025, Says Analyst

A crypto trader has identified a mid-cap altcoin that appears to be following a similar pattern to Chainlink's (LINK) significant rally during the 2020 bull cycle. The pseudonymous analyst, Inmortal, has expressed bullish sentiments about the native asset of the layer-2 scaling solution Mantle (MNT).

According to Inmortal, MNT is currently mirroring Chainlink’s consolidation phase from 2019 to 2020, which preceded LINK’s dramatic ascent from a low of $1.36 to a high of $53, representing a 3,797% increase. Inmortal shared his analysis with his 231,800 followers on the social media platform X, stating, “MNT gives me early LINK vibes. Many people think the bull market is over, but there are coins like Mantle that haven’t even started it yet. Conviction play for me.”

Inmortal’s chart analysis suggests that MNT could potentially surge to as high as $6 by next year. At the time of writing, MNT is valued at $0.66. This prediction is based on the historical price action of Chainlink, which experienced a similar consolidation period before its explosive growth.

Inmortal also provided insights into Bitcoin’s (BTC) price movements, highlighting a crucial price area that could determine whether the crypto king will see new lows this cycle. The trader shared a chart indicating that BTC may replicate its 2022 price action, where it briefly soared above $45,000 before plummeting to a bear market low at $16,000. However, Inmortal noted that the bearish outlook would be invalidated if Bitcoin flips a key price level as support.

“$95,000 is where we find out if this bounce is a: a) Last exit before new lows b) Local bottom BTC,” Inmortal stated. At the time of writing, Bitcoin is valued at $87,355. This analysis underscores the importance of key price levels in determining the future direction of Bitcoin’s price movements.