1. Trend Following Strategy:
Identify OM's long-term trends using technical analysis tools like moving averages or trend lines. Buy when the price is trending upwards and sell or go short when it's trending downwards. This strategy aims to capture profits from sustained price movements.

2. Dollar-Cost Averaging (DCA):
Regularly invest a fixed amount in $OM , regardless of its price fluctuations. This strategy reduces the impact of volatility by spreading purchases over time. It's suitable for investors expecting long-term growth and wanting to mitigate short-term price fluctuations.

3. Breakout Trading Strategy:
Monitor OM's price for breakout patterns above resistance levels or below support levels. Enter trades as the price breaks out, aiming to capitalize on momentum. Use stop-loss orders to manage risk in case of false breakouts.

4. Fundamental Analysis Approach:
Evaluate MANTRA DAO's fundamentals, such as its governance model, partnerships, technology updates, and community activity. Make trading decisions based on these factors, aiming to anticipate price movements driven by fundamental developments.

5. Scalping Strategy:
Execute multiple short-term trades throughout the day to capitalize on small price movements in OM. Scalpers aim to profit from rapid price changes using tight stop-loss orders and quick entry/exit strategies.

These strategies can be adapted based on your risk tolerance, investment goals, and market conditions. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions in cryptocurrencies.

#MarketSentimentToday

#Mantra #OMScalping #CryptoScalping #MantraDao

#Mantra #MantraDao #MantraFinance

Mantra Finance is continuously evolving and introducing new products designed to add value to the ecosystem and better position ourselves for the future. In line with this motion, the DAO community recently approved a proposal to migrate the existing staking pools from the MANTRA DAO platform to the new MANTRA Finance platform.
MANTRA Finance provides OM stakers with a suite of new added benefits including an advanced transactions dashboard for easy portfolio tracking, improved user interface and institutional-grade security measures.
Additionally, this update will optimize the allocation of ecosystem rewards for the benefit of the community and align the staking products with MANTRA’s overall strategic development.
Migration Process
This article provides detailed information about the staking rewards migration process and what OM stakers need to do to ensure a smooth transition.
We will migrate all OM-related pools (single-asset staking and LP token staking) to MANTRA Finance in two phases:
Phase 1: Single-Asset OM Staking Pools
Affected Pools:
OM on Ethereum
OM on Polygon
OM on BSC
Phase 1 will commence on December 20th 2023, with the gradual migration of the OM Single Asset Staking Pool rewards to MANTRA Finance.
What OM Stakers Need to Do:
Once the new pools on MANTRA Finance go live on December 20th, OM stakers can unstake their tokens from app.mantradao.com and restake it on app.mantra.finance.
During the migration period, identical pools with separate reward strategies and APRs will exist on both platforms while gradually shifting weight to the new pools until 100% of the rewards are migrated. This allows the community to decide when to migrate their liquidity within the Phase 1 migration cycle.
Important: MANTRA Finance requires users to complete KYC. It can take up to 48 hours for applications to be reviewed and for wallets to be whitelisted.
Sign up early to avoid any delays in joining the new staking pools:
https://onboarding.mantra.finance/sign-up
After the migration period, OM stakers on the old platform will not earn any rewards. Their tokens will still be safe in the smart contract and they can choose to unstake at a later date.
Phase 2: OM LP Token Staking Pools
Affected Pools:
UniSwap: OM/ETH on Ethereum
PancakeSwap: OM/BNB on BSC
Quickswap: OM/WETH on Polygon
Phase 2 will focus on the migration of OM LP staking pools onto MANTRA Finance at a later stage. Until then, the current staking APRs for OM related LP token pools on app.mantradao.com remain unchanged.
As we gear up for Phase 2, we will make sure to inform the MANTRA community ahead of time to allow the transition to run as smoothly as possible.
Third Party staking pools on app.mantradao.com:
Please be aware, that with the migration changes, all remaining third party staking pools will be discontinued by 31st of December 2023. (MLT, UMAD & Cirus).
Important Dates:
December 20th, 2023: Phase 1 migration commencesDecember 31st, 2023: Third Party staking pools end (Cirus, MADworld)
Thank you for your continued support. The MANTRA team is confident that with this staking rewards migration timeline, the community will have ample time to onboard to MANTRA Finance and gear up for the bright future ahead!
Credits: Medium page of Mantra Finance.

Date: Thu, Oct 10, 2024, 02:18 PM GMT
October hasn't been smooth for the cryptocurrency market as Bitcoin (BTC) continues to experience wild fluctuations. Today, Bitcoin's price dropped by 1.33%, putting it below the $60K mark. This downward trend has triggered declines across many altcoins, but one token, Mantra (OM), has been standing its ground. Despite the market volatility, Mantra is showing small yet steady growth
.In the past 24 hours, Mantra $OM surged by 6.77%, and over the last 30 days, it's seen an impressive 40% jump, making it the top performer among Real World Asset (RWA) tokens, outperforming big names like Chainlink (LINK) and ONDO.

Source: Coinmarketcap
What’s Driving It?
Upcoming Mainnet Launch:
One of the key factors behind Mantra's momentum is the anticipation around its upcoming Mainnet launch, scheduled for later this month. Excitement is building as the launch approaches, pushing the token’s demand higher.
Tokenomics Update Proposal:
Mantra DAO has proposed a vote to update its tokenomics to better align with its long-term goals. This proposal is being positively received by the community, adding more fuel to OM’s recent gains.

Source: X
RWA Growth in DeFi:
Real World Assets (RWAs) in DeFi have been gaining traction. Since last year, RWAs have surged from 1.77% to 3.69% of Total Value Locked (TVL) in DeFi. This growing interest in RWAs is benefiting Mantra, one of the key players in this sector.

Source: X
What’s Ahead?
Mantra has already experienced a strong rally, rising from a low of $0.86 to a new all-time high of $1.48. After a slight correction, the token is currently trading at $1.40, having successfully retested its previous breakout level of $1.31.

If Bitcoin manages to hold its key support at $60K, OM could rally further, with the potential to test its previous high of $1.48 and beyond.
Get more updates at: coinsprobe.com.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#MantraDao #MantraOM #NFA