Analysts are confident that Mantra\u2019s price could move upward as key indicators show a potential hike.<\/p>\n
The cryptocurrency has become one of the top performers in the altcoin market as daily active addresses surged by 570% and hit an all-time high.<\/p>\n
Analysts pointed out that there is a growing excitement among Mantra<\/a> holders as they are anticipating a possible airdrop in the upcoming days. Cosmos Airdrops made the announcement as the coin recorded a new all-time high and experienced a surge in its daily active addresses.<\/p>\n Data showed that the cryptocurrency\u2019s daily active addresses skyrocketed by 573% in the last three days, indicating that the digital asset has an increasing appeal to its holders resulting in higher trading activity.<\/p>\n $OM<\/a> hits ATH again! <\/p>\n It\u2019s one of the strongest players in the RWA section and a true point of pride for the Cosmos ecosystem <\/p>\n Plus, an airdrop is coming in the next days! <\/p>\n Exciting growth! pic.twitter.com\/YBFxnj6uQB<\/a><\/p>\n \u2014 Cosmos Airdrops (@Cosmos_Airdrops) November 14, 2024<\/a><\/p>\n As of writing, OM is being traded at $3.35 per coin \u2013 a new all-time high<\/a> \u2013 with a 24-hour trading volume of more than $674 million. In the last week, Mantra has sustained an impressive 132% price increase. Its total market capitalization is over $3 billion.<\/a><\/p>\n Moreover, whale activity is also moving upward due to the recent price hike. For instance, Spot On Chain revealed that a whale who owned a large volume of Mantra since December 2023 recently bought more coins to boost his OM holdings.<\/p>\n The whale purchased $2.62 million worth of OM tokens in addition to the 18.27 million coins the whale already owned.<\/p>\n Further, Mantra\u2019s net inflows from whales or large holders surged to 2.39 million OM worth $5.75 million on November 15 from 716,040 tokens recorded on November 13. Analysts said that the growing interest of large investors is a sign that the OM market is bullish.<\/p>\n Market commentators said that Mantra\u2019s price has increased by nearly 50% in the past 24 hours, to push the coin up to a new all-time high.<\/p>\n Analysts said that in the past 12 months, the cryptocurrency has increased by more than 10,000%, making it among the top-performing altcoins in the crypto market.<\/p>\n This milestone also established Mantra as the only RWA-focused digital asset to attain 100 times return this year. According to CoinGecko, Mantra ranked 44th in terms of total market capitalization.<\/p>\n In addition, analysts also saw a surge in the open interest in the coin\u2019s futures market which went up 78.22% in the previous day hitting a new record of $115 million. This figure is a big leap from the $24.70 million in September.<\/p>\n Bullish Momentum<\/strong><\/p>\n Analysts are predicting that Mantra will continue to have an upward trend as the price chart shows that the token is floating above the upper Bollinger Band at $2.0850.<\/p>\n This forecast was confirmed by data from the Average Directional Index reading wherein the token has recorded 35.96, adding that values beyond 25 usually indicate that the trend surrounding a digital asset is strong.<\/p>\n Market observers said that if investors look at the indicators, Mantra may continue to go up and may have another price rally in the short term.<\/p>\n Featured image from Pexels, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":" Analysts are confident that Mantra\u2019s price could move upward as key indicators show a potential hike. The cryptocurrency has become one of the top performers in the altcoin market as daily active addresses surged by 570% and hit an all-time high. Active Addresses Soar Analysts pointed out that there is a growing excitement among Mantra […]<\/p>\n","protected":false},"author":0,"featured_media":21221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21220"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21220"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21221"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}OM Hits All-Time High<\/strong><\/h2>\n