In this article, we will report all the latest and most relevant news about crypto projects Mantra, Monero and Aptos to keep you updated on the evolution of the market.
Let's take a look at how the respective cryptocurrencies OM, XMR and APT are performing in terms of price. One of them has just reached a new ATH.
All details are below.
Latest news on crypto projects Mantra, Monero and Aptos
Before we move on to the charts, let's take a look at what is the most important news in the crypto sector regarding the Mantra, Monero and Aptos projects.
starting from mantra We cannot fail to mention that an L1-type blockchain mainnet focused on is just around the corner. RWA sector.
After a long testing phase and code work, the network will be available to the public soon, with an estimated release date by the end of October.
To commemorate this event, the Mantra team has allocated a sum of money. 50M Cryptocurrency OMworth $75 million in airdrop incentives.
More specifically, these tokens will be distributed to ATOM stakers on Mantra nodes, participants in the Mantra Zone Season 2 initiative, and some NFT holders.
Regarding Monero and its crypto ecosystem refers to the development of new infrastructure. carrot protocol.
Let's talk about a routing application suggested by a Github user.Geoffro 256This aims to improve certain aspects of the Monero network.
First and foremost, CARROT adds new features focused on privacy, such as secrecy of transmit display keys. Also,”Janus” type of attack links two addresses to the same wallet.
At the same time, the new protocol maintains backward compatibility with existing Monero crypto addresses and simplifies the management of transactions.
CARROT has not yet been published. This is part of the upcoming FCMP++. You can check the technical specifications and latest developments here.
Finally, speaking of Aptos, We will report on the latest status of the global hackathon. ”code collision” (sponsored by Aptos Foundation) will officially end tomorrow.
This event is dedicated to the world of cryptocurrency developers and they are invited to present their own ideas and try to win a share of the prize money. The total prize money is $500,000.
Code Collision brings new coders closer to the Aptos ecosystem by introducing new ideas that have the potential to improve the cryptographic network.
There are five themes that participants will tackle: DeFi/RWA, NFT, AI/DePin, social, and “''.unexpected”. The hackathon winners will be announced on November 12th.
Mantra (OM) Crypto Price Analysis: Time for a New ATH
Let’s move on to chart analysis and quickly take a look at Mantra and its ecosystem’s native crypto. OM is one of the best shaped coins of our timereporting a +37% performance in the last month of trading.
We are talking about a cryptocurrency with a market capitalization of $1.3 billion, which is ranked 60th in the Coinmarketcap ranking.
OM I'm currently recording a new one All-time high (ATH) Its price exceeds the level of $1.50 per piece.
Clearly, the Mantra Network crypto asset is enjoying the hype surrounding its mainnet launch. Investors recognize that OM crypto will increase its utility in the market and attract new potential buyers in the future.
Airdrop incentives encourage Cosmos World users to take a step into the Mantra ecosystem with the possibility of future rewards.
When it comes to OM price analysis more specifically, we can see how the cryptocurrency maintains a good bullish structure on the weekly time frame. The coin’s growth phase, which started in January 2024, seems unstoppable. OM has maintained its price perfectly above the 50 EMA without showing any signs of decline.
During the summer drawdown, the currency outperformed Bitcoin and Ethereum with losses of just a few percentage points.
We are now at .price discovery”: The market will decide the appropriate price for Mantra’s cryptocurrency. However, volume and RSI are not particularly encouraging, suggesting that prices may fall to reset investor euphoria.
Analysis of cryptocurrencies Monero (XMR) and Aptos (APT): a positive moment for altcoins
Although the price movements of cryptocurrencies Monero (XMR) and Aptos (APT) are not as exciting as Mantra (OM), they still offer some interesting insights.
Going in order, In the case of XMR, you can quickly observe how the coin has moved within the $100-$200 range for two years.the current price is $152.
Most of the time, Monero tokens trade at the lower end of this range, indicating market weakness. The fate of the project and its associated crypto assets will depend on how the privacy coin theme evolves in the future.
In fact, several crypto exchanges have delisted Monero due to the strict regulations in this area, making a very interesting technology almost obsolete.
Chart behavior could be completely improved if XMR is relisted on a major exchange in the sector.
For now, limiting ourselves to the current outlook, we can say: If the token returns above $175, a potential break above the extremes of the range could be observed.
If the bull market resumes, there is a good chance that XMR will continue to rise.
Regarding Aptos and APTwe noticed a particularly attractive chart structure that could take the token to a new bullish horizon.
The currency is trading around $10, and the price has recently returned from just above the 50 EMA after a long retracement phase.
In March, during the general market crash, APT lost 70% of its stock price, only to return to potentially bullish chart formation.
Indicatively, we expect the price to remain on the uptrend in the coming weeks, with an initial target of $12.
Even on the downside, if the bears don't break below $8, we can still remain confident in a great upcoming bull run for cryptocurrencies.
In the medium term, we expect it to grow above $20 and set new regional highs.
Strong growth of the Aptos DeFi ecosystem: X4 on TVL since the beginning of the year
Among the three cryptocurrencies analyzed, the Aptos cryptocurrency is perhaps the most notable, considering also the project's DeFi moments.
The Mantra and Monero ecosystems are also working in the right direction, but we can't forget some successful operations by the team at Aptos.
at this moment Aptos is the 14th chain and has the most capital locked up within it.there are over 50 million stablecoins.
Since the beginning of this year, TVL has quadrupled and the number of active users on the crypto network has also increased.
These numbers are the result of a series of long-term initiatives dedicated to attracting traders and developers around the highly undervalued L1 network.
Various airdrops, hackathons, and prize events have actually brought tremendous growth to the DeFi sector of the project.
We expect this trend to continue through the end of the year, with a potential new ATH of TVL currently at $720 million.
