The cryptocurrency MANTRA (OM) has recently shown some intriguing developments. Priced at $1.21, OM has experienced a 3.57% increase in value over the past 24 hours, signaling a modest upward trend. This movement, while relatively restrained, suggests ongoing investor interest and potential for further growth.
Currently, MANTRA holds a market capitalization of approximately $1.00 billion, positioning it as the 71st largest cryptocurrency by market cap.
This substantial valuation indicates that OM has achieved a significant level of market presence and recognition. The market cap reflects investor confidence and the coin’s established position within the broader cryptocurrency ecosystem.
The 24-hour trading volume for OM is $15.04 million, which represents a 23.51% increase in volume compared to the previous day. This figure underscores a robust level of trading activity, although the volume-to-market cap ratio stands at just 1.51%.
This relatively low ratio suggests that while there is active trading, it constitutes a small proportion of the overall market capitalization, which could indicate either a relatively stable market or lower liquidity.
MANTRA’s total value locked (TVL) is $1.24 million. TVL is a key metric in the DeFi (Decentralized Finance) space, representing the amount of assets locked in smart contracts.
The TVL-to-market cap ratio for OM is 809.35, which is relatively high. This indicates that the value locked in the network is a significant portion of its market cap, suggesting that a substantial amount of value is being utilized within its ecosystem.
The circulating supply of MANTRA is 830,661,813 OM, out of a total supply of 888,888,888 OM. The absence of a maximum supply cap means that there is no definitive upper limit to the total number of coins that may be in circulation.
The fully diluted market cap, reflecting the total market value if all coins were to be in circulation, is approximately $1.07 billion. This aligns closely with the current market cap, indicating that the circulating supply represents most of the total supply.
Overall, MANTRA (OM) presents an interesting profile in the cryptocurrency market. Its substantial market cap and active trading volume suggest a solid market presence, while its high TVL-to-market cap ratio indicates a strong utilization of assets within its ecosystem.
However, the relatively low trading volume compared to market cap could imply lower liquidity, which might affect the ease of trading.
Investors should monitor MANTRA’s ongoing performance and market trends to make informed decisions. The coin’s current metrics indicate a stable yet potentially evolving asset, with significant value locked in its ecosystem and a notable market presence.
As always, due diligence and careful consideration of market conditions are essential for navigating investments in the cryptocurrency space.
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