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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.
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Mantra (OM) has gained 10% over the past week, consolidating its position as the second-largest RWA coin with a market cap nearing 6.8 billion USD.
RSI indicates a current reading of 57.89, while Ichimoku Cloud indicates a bullish trend. Key resistance is at 7.39 USD and support is at 6.57 USD, suggesting potential for future price rises.
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.
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