Mantra (OM) Token Price Prediction 2023: Will OM Hit $1 Soon?

As per the analysts, the Mantra sentiment was bullish, and the price has also increased. The Mantra crypto market cap has witnessed an advance of 11.2% in the last 24 hours.

The Mantra (OM) crypto has demonstrated an impressive bullish trend, evident in the token’s price increase and strong market performance.

Here's a closer look at the key takeaways from the analysis:

1. Bullish Mantra Sentiment: Analysts have observed a bullish sentiment toward the Mantra token, which aligns with the token’s price increase and the broader market optimism.

2. Mantra Crypto Market Cap Surges: The crypto's market cap has witnessed a substantial surge of 11.2% in the last 24 hours. This signifies a significant increase in the token’s value.

3. Mantra Token Ranks #75: As per CoinMarketCap, the token has secured the 75th position in the crypto market cap rankings, indicating its place among the top 100 cryptocurrencies by market capitalization.

4. Mantra Crypto Trading Volume Spikes: The crypto's trading volume has also experienced a notable surge of 62%, leading to a traded value of $18.007M in the last 24 hours.

5. Mantra Token Liquidity (Low): Despite the token’s impressive performance, its liquidity remains low, with only 2.07% of the token market cap being traded in the last 24 hours.

6. Mantra Crypto Circulating Supply: At press time, the token's circulating supply was 94% of the total supply at 836.873M OM. The maximum supply was not defined.

7. Fully Diluted Mantra Market Cap: The crypto had a fully diluted market cap of $919.691M, which signifies the total market capitalization if all tokens were fully circulating.

8. Mantra Token Price Volatility: The token price exhibited high volatility, with 11.02% volatility, indicating significant price fluctuations.

9. CertiK Security Score: The token's CertiK security score was 84.15, placing it in the A tier and indicating a good level of security.

10. Supply Inflation: The token's supply inflation was very high at 67.44%, indicating a rapid increase in the token’s circulating supply.

11. Derivatives Volume and Open Interest: Both the derivatives volume and open interest in the Mantra token have advanced. Its derivatives traded volume value increased by 84% to $46.35M.

12. Shorts Liquidated: In the last 24 hours from press time, a significant number of shorts were liquidated, resulting in $55.11K.

13. Longs Liquidated: Longs worth $13.85K were also liquidated, showing the bulls’ dominance in the token’s market.

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