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Mantra Price Prediction 2024: Can OM Continue Its Recovery?

Last Updated February 7, 2024 11:21 AM
Giuseppe Ciccomascolo
Last Updated February 7, 2024 11:21 AM

Key Takeaways

  • Mantra’s OM token gained 750% over the last six weeks.
  • Can Mantra continue this uptrend?
  • One Mantra price prediction says OM may reach $0.39 next year.

For the past 19 months, OM has patiently built strength within a well-defined accumulation zone. Lower lows found reliable support at a robust trendline, forming a solid foundation for potential future growth.

This patient accumulation culminated in a breakthrough moment: $OM decisively surpassed the critical $0.06 resistance level. This pivotal shift marked a transition from a bearish to bullish market structure, injecting confidence among investors.

In the last six weeks, Mantra’s market cap has skyrocketed by 750%, not only reflecting growing market interest but also solidifying its position as a standout performer.

Mantra did not immediately respond to a request for comment

But what is Mantra (OM)? How does Mantra work? Let’s see what we can find out, and also take a look at some of the Mantra price predictions that were being made as of February 7, 2024.

Mantra Price Prediction

Let’s examine some of the Mantra price predictions being made on February 7, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.33 $0.39 $1.12
Prediction #2 $0.2557 $0.3872 $2.85
Prediction #3 $0.1670 $0.249 $1.71

Mantra Price Prediction for 2024

DigitalCoinPrice  said that Mantra would reach $0.33 this year. PricePrediction.net   thought the token would trade at $0.2557. Changelly  argued OM would be valued at $0.1670 by the end of the year.

Mantra Price Prediction for 2025

Moving on, Changelly thought Mantra would trade at $0.249 in 2025. DigitalCoinPrice had the token coming in at $0.39 that year. PricePrediction.net said OM would be worth $0.3872 next year.

Mantra Price Prediction for 2030

Looking at a more long-term Mantra price prediction, PricePrediction.net said the token would hit $2.85 in 2030. Changelly suggested it would reach $1.71 that year. DigitalCoinPrice made an OM price prediction that had it trade at $1.12 at the start of the next decade.

Google BardAI Price Prediction for Mantra (as of February 7)

Google’s BardAI platform gave the following price prediction for Mantra on February 7. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve.

Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Price range: $0.179 – $0.215
  • Reasons:
    • Overall cryptocurrency market trends: The price of Mantra could be impacted by broader market movements in Bitcoin and other major cryptocurrencies.
    • Developments within the Mantra ecosystem: News, partnerships, and product releases related to Mantra could affect its price.
    • Regulatory landscape: Changes in regulations surrounding cryptocurrencies could create uncertainty and impact prices.

Medium Term (Next 6 months)

  • Price range: $0.16864 – $0.264442
  • Reasons:
    • Overall cryptocurrency market trends: The price of OM is likely to be impacted by the broader performance of the cryptocurrency market.
    • Mantra DAO (OM)’s specific developments: News, partnerships, and adoption of its DeFi platform could influence its price.
    • Regulatory landscape: Changes in regulations could impact the entire cryptocurrency market, including OM.

Long Term (Next 5 years)

  • Price range: $0.16 – $0.45
  • Reasons:
    • Overall Cryptocurrency Market: The overall health of the cryptocurrency market will significantly impact Mantra’s price. If the market experiences a bull run, Mantra could see its price rise. Conversely, a bear market could lead to a price decrease.
    • Mantra’s Development and Adoption: The success of Mantra’s project, including its technology, partnerships, and adoption by users, will influence its price. Positive developments and increased adoption could lead to a price increase.
    • Regulations and Legislation: Changes in government regulations or legislation related to cryptocurrencies could impact Mantra’s price.

Mantra Price History

Now, let’s examine the Mantra price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Mantra price prediction.

OM first came onto the open market in August 2020, when it was worth about $0.4545. It then started falling, reaching the lowest level of $0.0521 in January 2021, before hitting the highest level of its history in March 2021, at $0.7238.

Mantra then moved under $0.10 for the following two years and started an uptrend only in February 2024. An OM is worth $0.15 at the time of writing (February 7, 2024).

Mantra price history
Mantra’s price in 2023 and 2024 | Credit:CoinMarketCap
As of February 7, 2024, there were 793.3 million OM in circulation out of a total supply of 888.9 million. This gave Mantra a market cap of about $119.5 million, making it the 313th largest crypto by that metric.

Is Mantra a Good Investment?

It is hard to say. The token’s price moved up recently, but we don’t know how sustainable the recent upturn is.

As always with crypto, you will need to make sure you do your own research before deciding whether or not to invest in OM.

Will Mantra go up or down?

No one can really tell right now. While the Mantra crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.

Should I invest in Mantra?

Before you decide whether or not to invest in Mantra, you will have to do your own research, not only on OM, but on other coins and tokens such as Ordinals (ORDI). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Mantra (OM) Explained

Mantra (OM)  is a decentralized financial platform. It focuses mainly on staking, lending, and multi-chain DeFi services. This project is natively based on Ethereum but their services are also expanding onto BSC, Polygon, Heco, Polkadot, and more.

How Mantra Works

With the OM token, users can receive passive income through staking and supplying on their money market protocol. The betting platform provided by MANTRA DAO is built with investors’ interests, which allows them to receive attractive rewards and expand the possibilities of the network.

Mantra Attention Tracker

Mantra Google search volume
Mantra’s Google search volume for the last 90 days. Credit | Google
Here is a chart for Mantra Google search volume for the past 90 days. This represents how many times the term “Mantra OM” has been Googled over the previous 90 days.

FAQs

How many Mantra are there?

As of February 7, 2024, there were 793.3 million OM in circulation out of a total supply of 888.9 million.

Will Mantra reach $1?

It might, but not soon. All main price prediction see OM reaching that level in 2028.

What is Mantra?

Mantra (OM) is a decentralized financial platform. It focuses mainly on staking, lending, and multi-chain DeFi services. This project is natively based on Ethereum but their services are also expanding onto BSC, Polygon, Heco, Polkadot, and more.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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