Bitcoin is exhibiting potential double top patterns as analysts predict a breakout on the horizon of $120K as markets overlook the Federal Reserve's July rate cut. Mantra's OM Coin had a significant setback, depreciating by 90%, indicating vulnerabilities in cryptocurrency market liquidity. This dip triggered fraud accusations and fostered distrust amongst investors due to unanswered key questions about the crash. The Mantra founder announced plans to burn $80M of their own tokens after the 90% drop. Despite the turbulent times, Mantra's OM Coin is predicted to make a strong comeback in 2025. Government services in Dubai will now incorporate crypto payments through Crypto.com, encouraging increased use of crypto in daily transactions. Coinbase shares also surged after its inclusion in the S&P 500. The collapse of Mantra's OM Coin has sparked a hunt for the next best crypto to invest in, with promising gains predicted for Mantra (OM), Litecoin (LTC), and Cardano (ADA). Many are wary of the next potential 'OM Crash', with fears mounting after the collapse of Pi Network. Trump's meme coin gained prominence as the former president offered a private dinner to top 220 investors, despite concerns about the coin's real-world utility. Regulated, trusted, and transparent index solutions are being seen as a key strategy to stabilizing the digital asset economy.
OM Coin News Analytics from Thu, 19 Dec 2024 08:00:00 GMT to Wed, 14 May 2025 15:54:58 GMT -
Rating -6
- Innovation -3
- Information 8
- Rumor -7