@EclipseFND Yo, can I get dev help here. why isn't your @EclipseFND bridge working? Its not allowing me to bridge from ECLIPSE to Ethereum. TXN completed but unable to withdraw
Gsvm
Lazy Chart of the day $MNT ๐
Mantle Overview
@Mantle_Official is an $ETH L2 and is the first to adopt EigenDA. Mantle is divided into different 6pillars:
1) Mantle Network (L2)
2) mETH Protocol (liquid ETH staking/restaking)
3) Ignition FBTC (tokenized BTC for DeFi)
4) Index Fund (institutional grade crypto index fund)
5) Mantle Banking (bridge between crypto + fiat)
6) MantleX (AI ecosystem)
As @MessariCrypto points out below, Mantle has been experiencing significant growth across all metrics (e.g. TVL, active addresses, transactions, contract deployments, etc)
TLDR
@Mantle_Official is COOKING and firing on all cylinders, now on to the charts! ๐
Lazy Chart Analysis
1) First off, it's important to mention that $MNT has been outperforming all other L2s over the past few weeks (e.g. $ARB, $OP, $MODE).
2) $MNT completed a giant U shape over a higher time frame (11 months) which we love to see. The longer the base, the higher in space! ๐
3) Price has been bullishly consolidating over the past few weeks, and has been respecting the channel outside of the liquidation event on Feb 3 where both longs and shorts were hunted.
4) During the intra-day dump, $MNT dipped down to the 70.2% fib retracement level which is a nice reaction area.
5) RSI has been reset from overbought territory, and is comfortably sitting at around 50, which means there's room for upside (or downside).
6) All of this is happening while $ETH is down 30% from the local highs tells me that $MNT will fly the moment $ETH shows any strength.
With all the bullish developments happening on @Mantle_Official and the confluence we're seeing via technical analysis, I'm betting this plays out and up is next. ๐ซก
@0xLevi_ Circling back to my original note. Letโs get beers and talk about your project before I dump obscene amount of VC funds.
Donโt worry about paying it back; weโre just happy to be here and attend the conferences