Mantra (OM) hits a new high, with a weekly gain of 132%

This cryptocurrency has become one of the best-performing currencies in the altcoin market, with a 570% increase in daily active addresses, reaching a new all-time high. Analysts point out that Mantra holders are increasingly excited as they expect an airdrop in the coming days. The token reached a new all-time high when this news was announced, with a significant increase in the number of daily active addresses.
Data shows that the daily active Addresses of this Cryptocurrency have surged by 573% in the past three days, indicating that the digital asset is becoming increasingly attractive to its holders, leading to an increase in trading activity.
The trading price of OM is $3.35 per token, reaching a new all-time high, with a 24-hour volume exceeding $674 million. Last week, the price of Mantra increased by as much as 132%, with a total market cap exceeding $3 billion.
In addition, due to recent price pump, Whale activities are also rising. It is reported that the Whale, who has a large amount of Mantra since December 2023, has recently purchased more Tokens to increase its OM holdings. In addition to the 18.27 million OM Tokens that the Whale already owns, the Whale has also purchased OM Tokens worth $2.62 million.
In addition, Mantra's net inflow from Whales or large holders soared from 716,040 Tokens recorded on November 13th to 2.39 million OM on November 15th, worth $5.75 million. Analysts say that the increasing interest from large investors indicates a bullish market for OM.
Market commentators have said that the price of Mantra has pumped nearly 50% in the past 24 hours, reaching a new all-time high. Analysts say that in the past 12 months, this cryptocurrency has pumped over 10,000%, making it one of the best-performing altcoins in the cryptocurrency market.
This milestone also makes Mantra the only RWA key digital asset to achieve a 100x return this year. According to data, Mantra ranks 44th in total market value.
In addition, analysts have also found that the number of unclosed contracts in the BTC futures market has surged, pumping 78.22% the previous day, reaching a new high of 115 million USD. This figure has made a significant leap from the 24.7 million USD in September.
Analysts predict that Mantra will continue to show a rising trend, as the price chart shows that the Token is currently floating above the upper limit of the Bollinger Bands at $2.0850.
The forecast has been confirmed by the average directional index reading data, with Token recorded at 35.96, and it is added that a value exceeding 25 usually indicates a strong trend around digital asset.
Market observers say that if investors follow these indicators, Mantra may continue to pump and there may be another price pump in the short term.
(Data source: Christian Encila)