Mantra Madness: Why OM’s Price is a Rollercoaster of Laughs! 🎢💰

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  • OM’s price did a backflip, spiking by 57.85% over the past month! 🎉
  • But wait! Mantra’s new address creation rate plummeted by 99.7% over the past 3 months! 😱

Mantra’s address creation rate falls faster than a bad joke!

So, Mantra’s price is soaring like a hot air balloon, but its adoption rate? It’s sinking like a lead balloon! 🎈💥

According to our buddy Ali Martinez, Mantra’s network is shrinking faster than my patience at a slow buffet. New address creation has dropped from 110,517 in November to a measly 252! Talk about a party with no guests! 🎊

And guess what? The adoption rate has nosedived from 53% to 23% in just a week! It’s like watching a magician make an audience disappear! 🎩✨

This massive drop could mean fewer users, which means less demand for transactions. It’s like a dance floor with no dancers – just sad! 💃🚫

Plus, Mantra’s Price DAA divergence has been negative for three weeks. It’s like a bad sitcom that just won’t get canceled! 📺😩

Historically, when a network is as empty as a politician’s promise, it usually leads to a price drop. And guess what? OM’s price is feeling the pinch! 💸

Impact on OM’s charts? Spoiler: It’s a mixed bag!

Even though Mantra’s adoption rate is doing the limbo, OM’s price is holding on like a stubborn toddler! At the time of writing, it’s trading at $7.53, a 5.73% jump in the last 24 hours! 🎈

And the monthly charts? They’re looking up with a 57.85% increase! It’s like a rollercoaster ride – thrilling but a little scary! 🎢

But hold your horses! The market sentiment is still as gloomy as a rainy day. Most investors are going short, with 52.66% betting against the price. It’s like a game of chicken, and nobody wants to blink! 🐔

And guess what? The market is seeing more exchange inflows than outflows. OM’s netflows turned positive at $1.02 million after three days of negativity. It’s like a bad breakup – everyone’s moving out, but one person is still packing! 📦💔

If this selling spree continues, OM’s price might just feel the heat! 🔥

In short, while OM’s price is doing the cha-cha, the network fundamentals are still weak. For the price to keep dancing, it needs new addresses and more active users. 🕺

Low demand usually means lower prices. So, if adoption keeps dropping, we might see OM tumble down to $7.0. But if the speculative uptrend holds, it could try to reach for the stars at $8! 🌟

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2025-03-01 22:18