Satoshi

Uniswap

Base

MANTRA

Coin

<p>The crypto market began the week on a positive note yesterday. However, the surge seems to have cooled down. Amidst this market condition, Mantra (OM) is rising in a modest way.</p>
<p>Let us find out what has triggered the price surge for OM token. As of the latest <a href="https://coinmarketcap.com/currencies/mantra/" target="_blank" rel="noopener noreferrer nofollow">data</a>, Mantra’s OM token is trading at $0.8231. OM increased 6.69% from $0.7642 and hit $0.8385 during the 24 hours. OM is also up 14.4% in the last seven days.</p>
<h2 class="wp-block-heading" id="om-long-term-growth-and-market-position">OM Long-term Growth and Market Position</h2>
<p>Analyst JChains <a href="https://x.com/CryptoJChains/status/1807719032826548310" target="_blank" rel="noopener noreferrer nofollow">points out</a> that OM has demonstrated impressive 3,189% growth over the past year.&nbsp;&nbsp;</p>
<p>JChains identifies strong support for OM around $0.60 and resistance at $1.00, suggesting that the token may be in an accumulation phase. This pattern often precedes major price movements and could indicate growing investor confidence.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/kaspa-price-takes-a-breather-but-youtuber-explains-why-kas-is-the-only-bitcoin-rival/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Price Takes a Breather, but YouTuber Explains Why KAS Is the Only Bitcoin Rival</a></em></strong></p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/MANTRA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MANTRA</a> <br><br>I'm a permabull and anything <a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#RWA</a> gets my attention this run. <br><br>But you can't run up this hard without some kind of retrace. <br><br>Current read on <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a> is a completed 1 going onto a wave 2. This structure is everywhere on <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Altcoins</a> , but <a href="https://twitter.com/hashtag/OM?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#OM</a> is much later to the retrace… <a href="https://t.co/Ua0evDHF9R" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Ua0evDHF9R</a></p>— Nology3000 (@nology3000) <a href="https://twitter.com/nology3000/status/1806728372170719308?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Analyst Nology3000 provides a more detailed technical perspective, suggesting that OM may have completed a Wave 1 and is moving into a Wave 2 correction.</p>
<p>This Elliott Wave analysis is common among altcoins, but OM appears to be later in its retracement compared to many others. Nology3000 notes that sustained action above $0.87 would invalidate this scenario.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="fundamental-catalyst-expansion-to-base-chain">Fundamental Catalyst: Expansion to Base Chain</h2>
<p>The price surge can be attributed to a major announcement from MANTRA regarding its expansion to Base Chain. Key details of this development include:</p>
<ol>
 <li>Launch of an OM Liquidity Pool on Base Chain following DAO core proposal approval.</li>
 <li>Creation of the first OM Uniswap LP on Base Chain with deep liquidity, enabling seamless swaps with minimal slippage.</li>
 <li>Introduction of OM bridging capabilities with BASE, allowing users to participate in the MANTRA ecosystem on the new chain.</li>
 <li>Strategic positioning for early access to future MANTRA products launched on Base Chain.</li>
</ol>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/MANTRA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MANTRA</a> Launches <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a> Liquidity Pool on Base Chain.<br><br>Our DAO core proposal to launch an <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a> LP on <a href="https://twitter.com/base?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@base</a> was approved, and we’ve now created the first <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a> Uniswap LP on Base Chain with deep liquidity, so users can seamlessly perform <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a> swaps with minimal slippage.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> In addition,… <a href="https://t.co/DHI63JzrcR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DHI63JzrcR</a></p>— MANTRA – Tokenizing RWAs (@MANTRA_Chain) <a href="https://twitter.com/MANTRA_Chain/status/1808055632559292793?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>By establishing a presence within the Base Chain ecosystem, MANTRA is laying the groundwork for the seamless integration of future financial products.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-mantra-om-price-pumping-2/" rel="noopener noreferrer nofollow">Why is Mantra (OM) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Mantra (OM) Price Pumping?

Table of Contents

CaptainAltcoin

Alte articole publicate pe 2 iul. 2024

HashKey Group to Airdrop $HSK Token via Tap-to-Earn Telegram Game

Google, C.I.I.F.A. Launch 2nd cohort of Engage Nigeria to expand opportunities for creatives in N...

Cardano Updates MiCA Compliance Indicators Well Ahead of Schedule

Vitalik Buterin Spotlights Use Case Of Elon Musk’s X Community Notes

MoonBag Coin: The Best Presale in July 2024 With Remarkable 9900% Profit Potential

Bitcoin Shows Promising Growth, Analysts Predict Future Stability

Join our free newsletter for daily crypto updates!