• 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

XRP Encounters Resistance and Support Zones.

chest

XRP price is currently trading above 14350 and is facing significant resistance levels near 14550 and 14620.

user avatarLuis Flores

Zcash Foundation's SEC Review Ends Favorably

chest

The SEC has concluded its review of the Zcash Foundation without recommending enforcement action, easing regulatory concerns for the privacy coin.

user avatarRajesh Kumar

Grayscale Takes a Step Towards Zcash Spot ETF

chest

Grayscale has filed to convert its Zcash Trust into a spot exchange-traded fund (ETF), potentially allowing regulated exposure to Zcash in the US market.

user avatarGustavo Mendoza

XRP Price Recovery Phase Started

chest

XRP price has started a recovery wave, showing positive movement above key resistance levels.

user avatarMiguel Rodriguez

Hayes Highlights Risks and Opportunities in Crypto Markets

chest

Hayes highlights the risks and opportunities in crypto markets driven by geopolitical tensions and AI-driven inflation.

user avatarArif Mukhtar

Fred Krueger Analyzes CLARITY Act's Impact on Crypto Assets

chest

Top investor Fred Krueger analyzes the implications of the CLARITY Act on Bitcoin, DeFi, stablecoins, and crypto companies, highlighting benefits and restrictions.

user avatarDavid Robinson

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.