• 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

OTHERSBTC Ratio Stabilizes After Years of Decline

chest

The OTHERSBTC index shows signs of stabilization after years of decline, indicating potential for a shift in capital back into higher-risk altcoins.

user avatarRajesh Kumar

Altcoin Market Activity Increases Despite Broader Market Stagnation

chest

The altcoin market is showing signs of activity after months of selling pressure and uncertainty, with increasing exchange volume for altcoins, suggesting a specific group of investors is building positions.

user avatarMiguel Rodriguez

Cathie Wood Defends Bitcoin Bull Case of $125 Million

chest

ARK Invest CEO Cathie Wood defends her bullish forecast for Bitcoin, projecting it could reach $125 million within five years.

user avatarLuis Flores

Coinbase Launches AI-Driven Payment Tool Base MCP

chest

Coinbase has launched Base MCP, an AI-driven tool for blockchain operations via chat, enabling fund transfers, token swaps, and balance checks.

user avatarMaria Gutierrez

Concerns Raised Over AI Agent Security in Crypto Transactions

chest

Security researchers have flagged risks associated with AI agents in crypto transactions, suggesting they should be treated as untrusted components.

user avatarDavid Robinson

Cathie Wood Highlights Bitcoin's Supply Mechanics Compared to Gold

chest

Cathie Wood highlights the differences between Bitcoin's supply mechanics and gold, emphasizing Bitcoin's fixed supply and its implications for value.

user avatarArif Mukhtar

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.