• 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

JPMorgan Launches New Blockchain-Based Money Market Fund

chest

JPMorgan is launching a new blockchain-based money market fund that will invest in US treasury securities.

user avatarAyman Ben Youssef

XRP Ledger Gains Attention as Banks Prepare for SWIFT Changes

chest

Banks are increasingly interested in the XRP Ledger as they prepare for changes to the SWIFT messaging system, recognizing its efficiency and compliance with new ISO 20022 standards.

user avatarNguyen Van Long

SWIFT's New ISO 20022 Mandate to Transform Global Banking

chest

A crypto analyst warns that the global banking system will undergo significant changes due to SWIFT's new ISO 20022 mandate, which will take effect in November 2026.

user avatarTando Nkube

Ethereum Market Experiences Calm Amid Strong ETF Inflows

chest

The Ethereum market is currently witnessing a notable calm after a period of increased activity, particularly on cryptocurrency exchanges. As bullish momentum gradually returns, the ETH Exchange Flux Balance indicates reduced trading activity.

user avatarKofi Adjeman

Exodus Transitions from Wallet to Payments Company

chest

Exodus is transitioning from a wallet company to a payments company, launching the Exodus Pay platform and XO Cash stablecoin.

user avatarSatoshi Nakamura

Google Launches Gemini Intelligence to Transform Android Experience

chest

Google has launched Gemini Intelligence, an AI feature aimed at automating tasks across apps on Android devices.

user avatarJesper Sørensen

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.