Mantra (MANTRA) grows by 70% after launch: An impressive start in the cryptocurrency market

Mantra (MANTRA) experienced an impressive 70% growth after launch, attracting strong attention from investors.

After completing the OM token swap at a ratio of 1:4, this emerging altcoin received positive market interest, marking a promising start.

Completed OM token swap and launched on major exchanges

Last Tuesday, the Mantra team officially announced the completion of the OM to MANTRA token swap at a ratio of 1 OM for 4 MANTRA. The new token was immediately listed on major centralized exchanges (CEX), including Binance — one of the most reputable exchanges in the world.

The total supply of MANTRA is capped at 7.055 billion tokens, with only 67.51%, approximately 4.763 billion tokens, currently in circulation. The swap event and the launch of MANTRA received positive reactions from the investor community. Notably, MANTRA’s listing on Binance not only increased liquidity but also enhanced the credibility of this altcoin.

Token Allocation of MANTRA | Source: Mantra Dashboard Notably, the launch of MANTRA was also driven by strong buying pressure, clearly reflected through the Money Flow Index (MFI). Although the MFI showed a slight decline during the price increase, it quickly recovered due to steady demand from the market. This indicates that investor interest in MANTRA remains very high — a key factor in maintaining positive growth momentum during this early stage.

MANTRA MFI Index | Source: TradingView However, the MFI also highlights that sustaining sustainable growth requires continuous support from both individual and institutional investors. Despite an impressive start, MANTRA still needs long-term attention to avoid potential market reversals.

MANTRA price continues to grow strongly

Currently, MANTRA is trading at $0.025, representing a 70% increase from its launch price. This is a positive signal, indicating a promising beginning for this token. However, trading data shows that buying volume is slightly decreasing, which could impact future growth potential if not improved.

If upward momentum is restored, MANTRA could surpass the $0.026 level — corresponding to the 123.6% Fibonacci extension. Once this level is broken, the bullish trend will continue, opening opportunities for higher prices.

MANTRA Price Analysis | Source: Coingecko However, risks still exist. If buying pressure diminishes or investors who swapped OM for MANTRA decide to sell, the token’s price could face a correction. Falling below the support level of $0.021 would signal a higher risk of deeper decline, with the next support zone around $0.0198.

Summary

MANTRA has had an impressive debut in the cryptocurrency market, attracting investor attention through its token swap strategy and listing on major exchanges. However, to sustain this growth, ongoing support from both retail and institutional investors is essential. Monitoring market indicators, especially buying pressure and trading volume, will be crucial in assessing this coin’s future prospects.