What is the highest and lowest price of Mantra coin in history

The highest price of Mantra Coin was $14.88 on September 7, 2021, while the lowest was $0.67 on March 13, 2023.

Nov 15, 2024 at 01:25 am

What is the Highest and Lowest Price of Mantra Coin in History?

Mantra Coin (OM) is a digital asset that operates on the Polygon network, a layer-2 scaling solution for Ethereum. It is the native cryptocurrency of the Mantra platform, which offers a suite of decentralized finance (DeFi) products and services, including a decentralized exchange (DEX), yield farming, and lending.

All-Time High Price (ATH)

• $14.88, reached on September 7, 2021

During the cryptocurrency bull market of 2021, Mantra Coin experienced a surge in value as investors flocked to decentralized finance products. The all-time high price of $14.88 represented a significant milestone for the project, as it demonstrated the growing demand for its DeFi offerings.

All-Time Low Price (ATL)

• $0.67, reached on March 13, 2023

The cryptocurrency market has since experienced a significant downturn, and Mantra Coin has not been immune to the decline. In March 2023, the price of OM fell to $0.67, marking its all-time low. This decline can be attributed to the broader market correction as well as specific factors affecting the DeFi sector.

Historical Price Analysis

2021

• January 1: $0.81
• March 1: $1.65
• May 1: $5.78
• July 1: $9.54
• September 7: $14.88 (ATH)
• December 31: $10.37

2022

• January 1: $9.86
• March 1: $7.54
• May 1: $6.17
• July 1: $4.89
• September 1: $3.67
• December 31: $2.11

2023

• January 1: $2.03
• February 1: $1.44
• March 13: $0.67 (ATL)
• April 1: $0.78
• May 1: $1.06
• June 1: $1.24

Factors Influencing Mantra Coin Price

• Overall cryptocurrency market trends: Mantra Coin is not immune to the broader fluctuations of the cryptocurrency market. Positive market sentiment can lead to an increase in demand for OM, while negative sentiment can cause a decline.
• DeFi market dynamics: The DeFi sector has its own unique dynamics that can impact the price of OM. Factors such as the popularity of DEXs, yield farming, and lending can affect demand for Mantra Coin.
• Platform developments: The Mantra platform is constantly evolving, with new features and products being added. These developments can positively impact the price of OM by increasing its utility and attractiveness to users.
• Competition: The DeFi space is highly competitive, with numerous projects offering similar products and services. The success of Mantra Coin depends on its ability to differentiate itself from competitors and attract a growing user base.

By understanding the historical price action and the underlying factors that influence Mantra Coin, investors can make informed decisions about their investment strategies. However, it is important to remember that cryptocurrency markets are volatile, and past performance is not necessarily indicative of future results.