Mantra Recovers Amid Mantra Zone Platform Upgrade

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hyperscale Data Shifts Focus to Mining and Infrastructure Development

Hyperscale Data plans to generate future Bitcoin balances primarily from mining while targeting infrastructure development.

user avatarJesper Sørensen

Hyperscale Data Completes Sale of Remaining Bitcoin Reserves

Hyperscale Data has sold its remaining Bitcoin reserves, raising approximately $16 million for debt reduction and its Michigan AI campus.

user avatarRajesh Kumar

Coalition of Major Players Opposes Illinois Digital Asset Tax

A broad coalition, including the US Justice Department and major crypto firms, challenges Illinois' Digital Asset Tax Act, arguing it is punitive and discriminatory.

user avatarLucas Weissmann

Canaan's Financial Performance Under Scrutiny

Canaan's recent earnings report reveals a significant decline in revenue and contrasting financial metrics.

user avatarFilippo Romano

Ethlabs Shifts Focus from Performance to Quantum Security

Ethlabs announces a strategic pivot from faster block production to enhancing Ethereum's defenses against quantum computing and AI threats.

user avatarEmily Carter

PrimeXBT Introduces PreIPO Trading for Anthropic

PrimeXBT is launching PreIPO Trading for Anthropic, allowing traders to gain exposure to its market-implied valuation ahead of the IPO.

user avatarMaya Lundqvist

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.