Ethical Investor
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Mantra (OM) isn’t comparable to crashes like Luna or FTX. Luna collapsed due to flawed tokenomics that were exploited, while FTX fell apart because of fraud and mismanagement of investor funds. Neither of these scenarios apply to OM—its team hasn’t disappeared, nor has there been any indication of malicious intent.
The recent crash appears to be driven by a combination of market manipulation and a lack of investor confidence stemming from weaker tokenomics. In my view, both factors contributed to the decline.
That said, OM’s founder is now taking bold, corrective actions which could trigger a strong rebound. It’s possible that OM may recover to its pre-crash price within a month.
Personally, I began investing in OM around the $0.58 range, with an average cost of about $0.76 and a stop loss at around $0.68. My profit-taking strategy starts from the $1.30 mark and extends up to $9.
Opportunities like this don’t come around often.
The recent crash appears to be driven by a combination of market manipulation and a lack of investor confidence stemming from weaker tokenomics. In my view, both factors contributed to the decline.
That said, OM’s founder is now taking bold, corrective actions which could trigger a strong rebound. It’s possible that OM may recover to its pre-crash price within a month.
Personally, I began investing in OM around the $0.58 range, with an average cost of about $0.76 and a stop loss at around $0.68. My profit-taking strategy starts from the $1.30 mark and extends up to $9.
Opportunities like this don’t come around often.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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