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Cryptocurrency News Articles

When volatility defines the season, resilience and clarity separate the projects built to last from those scrambling for direction.

May 04, 2025 at 01:00 am

Mantra (OM) is working to rebuild market confidence after a sharp 90% drop in April, using a large token burn to restore price stability.

When volatility defines the season, resilience and clarity separate the projects built to last from those scrambling for direction.

In the dynamic landscape of cryptocurrencies, projects are continuously seeking to adapt and maintain their course amidst market turbulence. Recent developments highlight how different projects are navigating volatility, showcasing resilience and a commitment to transparent communication with their communities.

Mantra (OM) is striving to rebuild market confidence following a sharp 90% drop in April, which saw the price of OM plummet from a high of $6.30 to below $0.50. This decline was largely due to the movement of around $227 million OM tokens to exchanges, sparking concerns about a potential liquidity crisis and leading to a massive sell-off among investors.

In response, Mantra has announced a plan to burn 160 million OM tokens, including 50% of the DAO’s founders’ holdings, aiming to stabilize the token price and restore investor confidence. Among the tokens to be burned are those granted to early contributors, strategic partners, and the founders’ team.

At present, OM is trading at around $0.54, showing signs of potential recovery. Technical analysis indicates a support level at $0.50 and resistance at $0.58. Breaking above this resistance could signal a new rally, with short-term targets at $0.60 and $0.70.

However, should it fail to maintain the $0.50 support and drop below, the next key support level is seen at $0.42. A fall through this level could indicate a continuation of the bear market, setting the stage for further declines in the OM token price.

Despite the recent challenges, Mantra’s proactive measures and the retention of significant market interest suggest a resilient path forward for the OM token.

Sui Technical Outlook: Anticipating Market Corrections

After a substantial price increase, setting it among the top-performing assets, recent technical indicators suggest that Sui may be due for a market correction.

As highlighted by HellsCharts, Sui seems to have completed the third wave of a five-wave Elliott cycle, which is typically followed by a corrective phase. This analysis indicates a potential decline towards the IDR46,368 support level, aligning with the 50% Fibonacci retracement of the recent upward movement.

At the same time, initial support is identified around IDR55,000, a previous consolidation zone. A breach below this level could lead to testing the lower support at IDR46,368. Conversely, maintaining above these levels may indicate a continuation of the uptrend, while a drop below could signal a more significant trend reversal.

Therefore, investors are advised to practice disciplined risk management, such as portfolio diversification and setting stop-loss orders, to navigate any potential volatility. Continuously monitoring these key support levels is crucial for making informed decisions in the present technical outlook on Sui.

BlockDAG Launches Podcast Series to Deepen Investor Trust

In an age of rapid technological change, adapting to new formats can be key for staying connected with an audience. Cryptocurrency project BlockDAG is doing just that, launching a dedicated podcast series to provide deeper dives into project updates.

This content-driven initiative offers listeners a direct window into key developments, including the Beta testnet, BlockDAG’s unique mining structure, the project’s referral program, and its roadmap for the 2025 mainnet rollout. Each episode is structured to provide clarity and context so that users, supporters, and potential investors can understand the project’s direction.

The podcast also breaks down how BlockDAG’s referral system is designed to incentivize early participation and the architecture behind its mining model, which varies from standard PoW or PoS. The team discusses how the testnet is shaping up and how feedback from the community is helping to refine the network.

Importantly, transparency and education are cornerstones of this outreach. In an industry that can be prone to hype, BlockDAG positions itself as a project that is more concerned with long-term trust and user involvement.

Meanwhile, interest in the project continues to rise. BlockDAG’s presale has now raised $225 million and sold over 19.6 billion coins. The presale is currently in batch 28 at a price of $0.0262, though a limited-time offer brings that down to just $0.0019. Since batch 1, early buyers have seen an ROI of 2,520%.

With a clear roadmap, transparent communication, and strong early performance, BlockDAG is earning recognition as a top crypto to buy for those who are looking beyond the hype and into fundamentals.

Mantra (OM) Prices Rise 100% As Technical Analysis Shows Support At $0.50

The price of Mantra (OM) has risen by over 100% since a sharp drop in April saw the token fall 90% from a high of $6.30 to

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Other articles published on May 07, 2025