• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mantra Recovers Amid Mantra Zone Platform Upgrade

user avatar

by Giorgi Kostiuk

2 years ago

  1. Mantra Token Price Growth
  2. Mantra Staking Yield
  3. Support and Risks for Mantra


    4. The Mantra token showed an increase after the announcement of a new version of the Mantra Zone platform.

    Mantra Token Price Growth

    The price of the Mantra token (OM) rose by 10% on September 3 after reaching an important support level. According to the developers, the new version of the Mantra Zone allows users to earn rewards and participate in various on-chain activities.

    Mantra Staking Yield

    One of the reasons for the token's growth was the high staking yield. According to StakingRewards data, Mantra's staking yield increased to 21.17%, one of the highest figures in the cryptocurrency industry.

    Support and Risks for Mantra

    Mantra's recovery occurred amid the overall decline in the cryptocurrency market. It is important to note that more than 50% of traders continue to open short positions on the token, which is a potential risk.

    Thus, the development of the Mantra Zone platform and the high staking yield contribute to the growth of the Mantra token, despite the overall market weakness and high share of short positions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Analysis Created Utilizing SEC Information.

chest

The report is based on information sourced from the SEC, providing stakeholders with accurate financial insights.

user avatarSatoshi Nakamura

Binance CEO Highlights Shift to Self-Hosted Wallets Amid EU Withdrawals

chest

Binance CEO Richard Teng revealed that 70% of the funds withdrawn by EU users went to self-hosted wallets instead of MiCA-regulated platforms.

user avatarFilippo Romano

Binance's Regulatory Challenges Continue as France Rejects License Application

chest

Binance faces regulatory challenges as its license application in France is rejected following the withdrawal of its MiCA application in Greece.

user avatarLucas Weissmann

Legal Battles Over Prediction Markets Escalate in the U.S.

chest

The legal landscape surrounding prediction markets in the U.S. is contentious, with the CFTC suing states to assert jurisdiction, leading to mixed court rulings and potential Supreme Court involvement.

user avatarJesper Sørensen

North Carolina Supports CFTC Authority Over Prediction Markets

chest

North Carolina has enacted a law recognizing CFTC authority over prediction markets, allowing them to operate legally with a 6% tax on revenue.

user avatarRajesh Kumar

Binance Withdraws MiCA License Application Amid Regulatory Challenges

chest

Binance withdrew its MiCA license application from Greek authorities, advising EU users to withdraw their funds due to regulatory delays and the approaching compliance deadline.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.