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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
The expected altcoin season in early 2025 failed to materialize as BTC’s dominance rose above 60%. Market participants prefer safer assets, leading to a lack of significant altcoin momentum, with TRUMP, OM, and BERA showing limited gains amid a broader market decline.
The recent volatility has heightened, causing some older altcoins to lose substantial value. The overall sentiment suggests traders are de-risking, with BTC and altcoins experiencing declines. Speculation around a possible altcoin season in 2025 remains, but uncertainty prevails with BTC’s continued strength.
MANTRA has announced a new Ecosystem Fund totaling 108,888,888 USD to boost innovations in real-world assets (RWA) over the next four years. This initiative involves partnerships with 12 venture capital firms aimed at accelerating blockchain-based projects.
Following the RWA fund announcement, the price of MANTRA’s OM token has seen notable gains. OM is currently the only altcoin among the top 30 cryptocurrencies that has recorded positive returns recently, indicating strong investor confidence.
The value of DAO treasuries fell to 14.6 billion USD, down from 42.5 billion USD, largely due to a 3.5 billion USD drop in just one week. Mantle DAO, with the largest treasury at 2.3 billion USD, has seen an 11.4% decline.
The decrease in treasury values coincides with a sharp drop in user engagement, as reflected by the declining number of votes cast within DAOs, falling from 1,500 decisions in January to only 748 in March.
While most DAO tokens are losing value, Mantra (OM) stands out with strong gains, reflecting a unique trend amid the general downturn in DAO assets. Legacy DAOs are increasingly struggling due to market saturation.
Given that Mantra’s ADX is below 25 and bearish EMA patterns are forming, the concern is that it could drop below $6 if support fails. A potential death cross indicates ongoing bearish pressure.
While bearish signals are prevalent, a positive sentiment shift around RWA can lead Mantra to target resistances at $7.10 and beyond. Monitoring price movements around support levels is crucial for potential reversals.
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