The post 4 reasons why soaring Mantra price may crash soon appeared on BitcoinEthereumNews.com.

Mantra price has gone parabolic since 2024, becoming one of the best-performing players in the crypto industry.  Mantra (OM), which hopes to become the biggest crypto in the real world asset or RWA industry, has soared from $0.0158 in January 2024 to $9.10. This surge has moved its market cap from $29 million in January 2024 to $8.45 billion today. Mantra has jumped after launching MantraChain in 2024. MantraChain hopes to become the biggest layer 1 network for the RWA industry. Last week, the developers launched RWAccelerator, which they hope to fund developers in the industry.  Mantra also owns MANTRA Zone, a gateway to the chain, where users complete onchain missions and boost reward allocations. These users receive regular airdrops, which helps them boost their income, especially now that the OM price is surging. Mantra price has also roared because of its strong staking rewards, which are higher than other networks like Ethereum (ETH) and Near Protocol (NEAR). Most OM validators pay an average staking yield of 5.50%. OM staking yields | Source: Mantra Zone There are a few reasons why the OM price will reverse soon. First, there is an ongoing divergence between Mantra and the futures open interest.  As shown below, Coinglass data shows that the futures interest peaked at $640 million early this month, and has dropped to $404 million. That divergence is a sign that investors in the futures market are paring back their bets on the coin.  OM open interest | Source: CoinGlass Mantra price technicals point to a retreat OM price chart | Source: crypto.news Second, the OM price may retreat because of the concept of mean reversion. This is a concept that states that an asset will always return to its historical averages now that it has deviated significantly from them.  For example,…

---

Filed under: News - @ February 23, 2025 6:15 pm