The Mantra Trading Volume has increased by 55% as Om is potentially growing up to $ 10, a rapid flag broke from the pattern.
Mantra (OM) trading volume increased by 55% in the last 24 hours, which occurred with a slight increase in the price of tokens. As at the time of writing, the price of the mantra is at $ 7.50, up to 3% on a daily time frame. In the previous week, this is 36% compared to the previous month and 110% impressive. The current market capitalization sits at $ 7.36 billion, making it the 22nd top cryptocurrency by the market cap. Coinmarketcap,
Trading activity seems to be Om Recent listing on crypto.comWhich happened on 20 February. It also follows a series of positive announcements from the project. Yesterday, on 20 February, Mantra launched Rwaccelerator supported by Google Cloud, which to support the projects searching for tokens of real -world assets.
Earlier, on 19 February, the mantra announced that it obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables expanding its operation in the Mantra region. The company will use this license to provide services such as broker-dealers, management and investment solutions for digital assets, which will focus on Tokenization products aimed at institutional investors.
Inspired by these developments, the Om price is growing rapidly in the direction. In Recent posts on XCrypto analyst Ali Martinez said that the Om token of the mantra seems to be broken by a rapid flag pattern, which may probably move towards $ 10. To keep it in perspective, just one week ago, on 14 February, the Om price opened at less than $ 6.
Prior to these positive developments, the mantra has been in a negative headlines, facing CriticismOn the operation of the OM AirDrop distribution team. In particular, the participants stopped the tokens for voting rights, unable to vote on the distribution proposal. It has been claimed that this decision was deliberately taken to avoid protest.
Further controversy occurred when it was discovered that the team controls most of the tokens, making the vote effectively meaningless. The delay in the aircraft delivery, initially available only 10% with tokens and not expected full distribution until 2027, has also been disappointed with the participants.
