↓ Mounting Concerns and Unanswered Questions: Will OM Coin Make a Come Back?
Mantra's OM Coin has experienced a significant 90% crash in its value, and the headlines reveal multiple factors contributing to this...
In response to the crash, the CEO of Mantra advised a comprehensive program to incinerate tokens, alongside stating that the recovery of the OM token is a primary concern, albeit still in the early stages. Following the coin's plunge, the CEO initiated the process of torching his 150M OM tokens in a bid to restore the investor's trust.
The impact of this crash has led analysts to assess OM Coin alongside other cryptocurrencies like LUNA, and has incited concerns whether or not cryptos like Pi Network would be Mantra's next victim. The circumstances have also prompted a surge in the hunt for new crypto investors, even as the coin struggles to regain its value.
The crypto disaster hasn't solely been negative, however. Mantra's Total Value Locked (TVL) experienced a jump of 500%, implying potential growth despite the plunge. Mantra, despite its recent difficulties, managed a 200% bounce but this could pose a LUNA-type risk.
A few analysts maintain that OM, akin to Litecoin (LTC) and Cardano (ADA), are the best cryptocurrencies to buy now and predict significant gains. Whether these anticipations hold true, only time will tell.
OM Coin News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Wed, 30 Apr 2025 15:02:53 GMT - Rating -5 - Innovation -3 - Information 4 - Rumor -9