In the ever-volatile realm of cryptocurrencies, the MANTRA has roared back to life, its trading volume swelling by a resounding 55%. As if guided by an unseen hand, the OM token is poised to reach the gilded heights of $10, having cast off the chains of a bullish flag pattern with remarkable ease. 🎉
MANTRA (OM), the token that dreams of flying close to the sun, has seen its trading volume surge by 55% in but a day’s breath, as if the winds of change have finally found their direction. As the quill meets the parchment, the OM token stands at a proud $7.50, a modest 3% climb in the daily dance of numbers. Over the week, it has leapt by 36%, and in a month, a staggering 110%. The market cap, a grand total of $7.36 billion, has placed it at the 22nd pedestal in the cryptocurrency pantheon, as recorded by the oracles at Coinmarketcap.
This burst of trading fervor seems to have been ignited by OM’s recent debut on the hallowed grounds of crypto.com, an event that coincided with the 20th day of February. And as if to add fuel to the fire, the MANTRA project has been making a series of announcements that would make even the most jaded of investors sit up and take notice. On the very same day, MANTRA unveiled the RWAccelerator, a creation backed by the might of Google Cloud, designed to nurture projects that dare to tokenize the very essence of our world. 🌍
But wait, there is more! On the 19th day of this very month, MANTRA declared to the world that it had been anointed with a Virtual Asset Service Provider (VASP) license from the prestigious Dubai’s Virtual Assets Regulatory Authority (VARA). With this sacred document in hand, MANTRA plans to expand its dominion in the MENA region, offering a plethora of services from broker-dealer to management, all aimed at institutional investors with an eye for the exotic.
With these triumphs under its belt, the OM token seems to be charging forward like a bull in a china shop. Crypto analyst Ali Martinez, in his latest missive on X, observed that the OM token has broken free from its bullish flag pattern, potentially paving the way for a princely sum of $10. Consider this: a mere week past, on the day of love, February 14th, OM’s price was a humble $6.
#Mantra $OM looks to have broken out of a bullish flag, potentially setting up a move toward $10!
— Ali (@ali_charts) February 21, 2025
But before we get too carried away with the victories, let us not forget the shadows that once loomed over MANTRA. The team found itself in the firing line over the rather clumsy handling of the OM airdrop distribution. Some stakeholders, who had so generously staked their tokens for the noble cause of voting, found themselves utterly voiceless when it came to the distribution proposal. Conspiracy theorists would have a field day, suggesting this was no mere oversight. 🕵️♂️
And then, like a plot twist in a juicy novel, it was revealed that the team held the majority of the tokens, rendering the vote a rather hollow exercise. The delay in the airdrop distribution, with a mere 10% of tokens gracing the hands of the faithful initially, and the full monty not expected until 2027, has caused more than a few furrowed brows and grumbles of discontent.
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2025-02-21 15:29