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Information about MANTRA (OM)
MANTRA DAO is a decentralized financial platform built on the RioChain blockchain and will be connected to Polkadot. MANTRA DAO focuses on staking, lending, and decentralized governance (DAO) products. This project is designed to act as an ecosystem for Web 3.0.
This company operates by providing services and collecting fees for collateral assets. MANTRA DAO’s business plan focuses on earning interest from OM loans and staking. Some of the major investors in MANTRA DAO include Kenetic Capital, Genesis Block, and Moonrock Capital.
OM is an active token in the MANTRA DAO ecosystem, powered by OM and used for decentralized governance, staking, and lending. OM token holders receive an estimated 88.8% annual reward for staking OM on the platform.
News
Mantra (OM) increased by 94% to 8.99 USD. Whale activity included a 90 million USD deposit into Binance, underscoring investor interest.
Key partnerships with Google Cloud and recent approvals in Dubai bolster growth. The upcoming airdrop of 50 million OM could impact liquidity, but its long-term effects are uncertain due to skepticism around its 11 million USD funding.
Mantra (OM) surged 70% in just 17 days, reaching a consolidation level of 7.50 USD. Over the past month, its value has doubled, showcasing significant market interest.
Over the last year, OM has achieved an impressive increase of 1,821% in value. Additionally, social media mentions surged by 750% in the past six months, amplifying its visibility.
While OM shows robust growth, technical indicators suggest potential overbought signals. A correction may lead the price down to a support level of 6.31 USD before any further breakout.
Mantra (OM) has surged over 35% in the last 24 hours. The price exceeded 7 USD, resulting in a market cap of 7.3 billion USD and a trading volume increase of 455% to 851 million USD.
Technical indicators show a solid upward trend with an ADX at 24.8, while Ichimoku Cloud analysis reflects OM in a bullish zone, suggesting potential slowing momentum.
Avalanche (AVAX) is facing significant volatility with the upcoming unlock of 1.67 million tokens valued over 42.5 million USD. Trading at 25.44 USD, AVAX must exceed the 26.95 USD resistance to potentially rally towards 31.15 USD. Failure could see a decline to 22.70 USD.
Mantra (OM) trades at 6.15 USD, close to its all-time high of 6.48 USD, needing to maintain a 5.65 USD support. Sustaining this support is essential to avoid bearish movements and downturns below 5.00 USD.
THORChain (RUNE) is expected to rise 30% with the V3.20 update. Currently challenging the 1.39 USD resistance, success could push RUNE to 1.70 USD, while failure risks a drop to 1.11 USD.
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