Mantra is a cryptocurrency project that offers a Decentralized Finance (DeFi) platform where users can stake and lend their crypto. It also has its governance token and has recently launched a security-focused blockchain designed for institutions to build compliant financial applications. Mantra aims to connect the DeFi and traditional finance worlds while prioritizing security and regulation.
Current price of Mantra
The latest update on MANTRA shows that its current price per OM/USD is $0.613811. At the same time, MANTRA’s market cap is USD 487.36M, and the 24-hour trading volume is USD 122.50M. It’s important to mention that MANTRA has experienced a notable change a 14.07% decline in the last 24 hours.
Based on the most recent information, Mantra is trading at $0.73, and OM is ranked at number 142 in the entire crypto ecosystem. MANTRA’s circulation supply currently stands at $576,872,291.72, with a market cap of $793,991,274 OM. In the past 24 hours, the value of the crypto has increased by $0.01, indicating a positive trend.
Weekly price Mantra
Over the last seven days, OM has shown a significant upward trend, with a massive increase of 88.15%. This indicates that the coin has been performing well and may continue to do so. MANTRA’s recent performance has been promising and could be an excellent investment opportunity for those interested in the cryptocurrency market.
Moreover, OM’s price increased by 212.7% in the previous month, adding an average of $1.55 to its current value. This sudden growth suggests that the coin can be a solid asset if it continues to grow. Therefore, despite the relatively low prices, it might be the right time to invest in OM now.
Technical analysis Mantra
The price is experiencing resistance as it trades within a horizontal resistance zone. This resistance zone has been identified as a crucial point where the price typically faces difficulty breaking through. A successful breakout beyond this zone could lead to a new high.
However, it is essential to note that a breakout alone is not enough to guarantee a new high. A successful retest of the breakout level is necessary to confirm the validity of the breakout.
News
MANTRA recently closed an investment round worth $11 million, significantly boosting the global tokenization market. MANTRA is the first Layer 1 blockchain dedicated to Real World Assets (RWA). The investment came from a prominent venture and technology investor in the MENA region, an explicit endorsement of MANTRA’s innovative approach to RWA tokenization.
Price prediction
Based on the fluctuations in MANTRA’s price at the beginning of 2023, cryptocurrency experts predict that the average OM price will be $0.6802 in March 2024. The minimum and maximum prices are expected to be $0.6154 and $0.6997, respectively, with a potential ROI of 5.1%.
In April 2024, cryptocurrency experts released their OM price forecast. The minimum trading price is projected to be $0.6679, while the maximum is $0.7337. On average, the OM value is expected to be around $0.6938.
Conclusion
MANTRA’s recent activities and developments, such as the successful investment round and the launch of a security-focused blockchain for Real World Assets (RWAs), underline its ambitions and potential in the cryptocurrency market. The project’s governance token, OM, has shown remarkable performance in the market, with significant price increases observed over the last month and week.
Despite a recent short-term decline, the overall trend for OM has been positive, indicating strong market sentiment and investor confidence in the project’s fundamentals and prospects. The technical analysis suggests that OM is at a critical point, facing resistance within a horizontal zone. A breakout and successful retest of this level could signal further gains, making it a crucial period for investors to watch.
FAQs
What is MANTRA?
MANTRA is a cryptocurrency project offering a DeFi platform where users can stake and lend crypto. It features a governance token that connects DeFi with traditional finance while emphasizing security and regulatory compliance.
Why is MANTRA considered a good investment?
MANTRA’s recent performance, strategic developments, and the project’s focus on security and regulatory compliance make it appealing. Its ability to bridge traditional finance and DeFi and positive market trends contribute to its potential as a good investment.
What is the current trend for OM?
Despite a short-term decline, OM has shown significant growth over the past month and week. Technical analyses indicate it’s at a crucial resistance point, suggesting potential for further gains if it successfully breaks and retests this level.
Should I invest in MANTRA now?
Considering the positive trends, significant recent developments, and the potential for future growth, MANTRA could be a valuable addition to a diversified cryptocurrency portfolio. However, investment decisions should be based on individual financial situations, risk tolerance, and market research.
MANTRA’s ambition to seamlessly integrate the worlds of DeFi and traditional finance, combined with its recent market performance and strategic milestones, positions it as an intriguing option for investors interested in the evolving cryptocurrency landscape.