๐ OM Leads with a 19% surge, becoming the top gainer in the crypto market!
๐ฐ Source: crypto.news
OM, the token for Mantra, a DeFi solutions platform, has soared by 19%, hitting $1.13, making it the top performer among the top 100 cryptocurrencies. Over the past 24 hours, OM has continued to rise, now trading at $1.04, marking an 8% increase. Trading volume has surged by an impressive 900%, totaling $311 million in the same period.
With a market cap exceeding $849 million, OM ranks 82nd among cryptocurrencies. Within Mantra's platform, OM serves dual purposes: enabling participation in DeFi activities like lending and borrowing, and granting voting rights on platform proposals.
Several factors contribute to OMโs success, including its DeFi functionalities, staking options, and community support. Amid a market correction, OM's resilience and the appeal of alternatives to major tokens like BTC and ETH have driven its price up.
๐ Key technical indicators, like the Relative Strength Index (RSI) around 63, suggest OM is balanced, neither overbought nor oversold. This supports a bullish outlook.
In March, Mantra secured $11 million in funding, aimed at expanding initiatives in large-scale RWA tokenization.
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