The cryptocurrency token MANTRA (OM) has rallied over 10% following a surge in trading volume and the recent launch of the MANTRA Chain mainnet. The mainnet allows users to bridge OM tokens from other blockchains and stake them to earn rewards. The upcoming OM airdrop and growing interest from short-term traders have also contributed to the rally. Analysts anticipate further gains for the token, but caution that the movement of Bitcoin could impact its performance. While indicators suggest a strong trend, there is a concern that large holders may be preparing to sell, as they have recently moved a significant amount of tokens to exchanges.
- Content Editor ( crypto.news )
- 2024-10-28
OM rallies over 10%, top gainer of the day