Mantra Recovers Amid Mantra Zone Platform Upgrade

by Giorgi Kostiuk

2 years ago

Made with AI

Mantra Token Price Growth
Mantra Staking Yield
Support and Risks for Mantra

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.

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