• 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

Chainlink's Open Interest Surges Amid Bearish Market Conditions

chest

Chainlink's open interest has surged past 127 million USDT, indicating increased leverage in a bearish market as the token retests a critical breakdown support level.

user avatarArif Mukhtar

Trump Administration Advances Crypto Policies Amid National Security Strategy Release

chest

The Trump administration has been actively promoting crypto policies this year, supporting the GENIUS Act and establishing a Bitcoin reserve, despite the omission of cryptocurrency in the national security strategy.

user avatarMaria Gutierrez

Bitcoin Encounters Significant Resistance Levels Ahead.

chest

Bitcoin is approaching significant resistance levels, with immediate resistance at 91,650 and key levels at 92,000 and 93,000. A close above 93,000 could lead to further increases, potentially testing the 95,000 resistance. However, if Bitcoin fails to rise above the 91,650 resistance zone, it may start another decline, with immediate support near 90,000 and major support at 89,500.

user avatarDavid Robinson

Uniswap Achieves Milestone of 4 Trillion in Trading Volume

chest

Uniswap Labs announced this week that the protocol has surpassed 4 trillion in cumulative trading volume across 2,586 days.

user avatarSon Min-ho

Aave DAO Restructures Multichain Strategy

chest

This week, Aave DAO passed a Temperature Check to restructure its multichain strategy, focusing on revenue generation.

user avatarAndrew Smith

Base Launches CrossChain Bridge with Solana

chest

Base has officially deployed its crosschain bridge, allowing asset transfers between Base and Solana ecosystems.

user avatarJacob Williams

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.