MANTRA trading volumes spikes 55% as OM tracks to 10$
Mantra’s trading volume increased by 55%, because OM potentially heads for $ 10, after having burst a bull flag scheme.
Mantra (If) The volume of negotiation jumped 55% in the last 24 hours, coinciding with a slight increase in the price of the token. At the time of writing, Mantra’s price amounts to $ 7.50, up 3% over the daily time. During last week, it increased by 36% and impressive by 110% in the last month. Current market capitalization is 7.36 billion dollars, making it the 22nd upper cryptocurrency by market capitalization, according to Coinmarketcap.
The boost of commercial activity seems to have been stimulated Recent list on crypto.comwhich took place on February 20. He also follows a series of positive project announcements. Yesterday, on February 20, Mantra launched RwacceleratorSupported by Google Cloud, to support projects that explore the tokenization of active world.
Earlier, on February 19, Mantra announcement that he had obtained a license from virtual asset service provider (VASP) of the Virtual Assets Regulatory Authority in Dubai (VARA). This license allows Mantra to expand its operations in the MENA region. The company will use this license to provide services such as broker, management and investment solutions for digital assets, emphasizing tokenization products intended for institutional investors.
Supported by these developments, Om Price seems to be heading in the Haussier direction. In his Recent article on xCrypto analyst Ali Martinez noted that Mantra’s OM token seems to have withdrawn from a bull’s flag scheme, which could potentially lead to $ 10. To put this in perspective, barely a week ago, on February 14, Om Price opened less than $ 6.
Before these positive developments, the mantra was under negative spotlights, facing criticalAbove the treatment with the OM stands distribution team. More specifically, the participants who marked tokens for the voting rights did not prove to be unable to vote on the distribution proposal. It was asserted according to which this decision was deliberately taken to avoid the opposition.
Another controversy occurred when it has been revealed that the team controls the majority of tokens, which makes the vote effectively devoid of meaning. The delay in the distribution of airlines, with only 10% of the tokens available initially and the full distribution is not expected before 2027, also aroused the frustration of the participants.
Post Comment