Current Price and Volatility
The current price of OM is $0.26, with a recent increase of 2.99%. However, in the past, the price of OM has sharply decreased by up to 90% due to issues related to low liquidity and high-risk market strategies ¹ ².
Reasons to Consider
- High risk: The price of OM can be highly volatile due to low liquidity and large leveraged positions.
- Lack of transparency: Some critics have pointed out issues of poor DAO management and misleading investment claims in the past.
- Low liquidity: Thin order books and concentrated token holdings can cause sharp price drops during volatility.
Possible Reasons to Buy
- Development project: Mantra (OM) is developing compliant blockchain solutions for real-world assets.
- Licenses and partnerships: Mantra has received a virtual asset service license from the Dubai Virtual Assets Regulatory Authority (VARA) and partners with the DAMAC investment group.
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