• 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

a year 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

Analysts See Potential Reversal for PENGU Price

chest

Analysts believe the PENGU price may be poised for a reversal due to oversold conditions and weakening selling pressure.

user avatarMaya Lundqvist

Binance Faces Lawsuit Over Alleged Terrorist Funding

chest

Binance is facing a lawsuit from over 300 Americans for allegedly facilitating over $1 billion in transactions to terrorist organizations, including Hamas and Hezbollah.

user avatarLeo van der Veen

XYO's Proof of Location Enhances Robot Navigation

chest

XYO's Proof of Location technology provides reliable location data for robots and drones, ensuring accurate navigation.

user avatarRajesh Kumar

Developer Activity and Ecosystem Growth Drive TON's Momentum

chest

TON's developer and builder activity has surged, with 217 new projects and increased engagement, contributing to the network's momentum.

user avatarLi Weicheng

Gatewayfm's Role in Miden's Blockchain Development

chest

Gatewayfm has been selected as Miden's infrastructure partner to enhance operational capabilities and support its innovative edge-execution model.

user avatarLi Weicheng

Miden Partners with Gatewayfm for Enhanced Blockchain Infrastructure

chest

Miden has partnered with Gatewayfm to enhance its blockchain infrastructure, ensuring network uptime and supporting scalability and reliability.

user avatarAisha Farooq

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.