Vietnam announces blockchain strategy, aims to lead Asia by 2030

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 23 2024

Should l Buy OM?

Vietnam's National Blockchain Strategy: Launched on October 22, the strategy aims to position Vietnam as a leader in blockchain technology in Asia by 2030, with goals including the establishment of 20 reputable blockchain brands by 2025 and the creation of at least three blockchain testing centers in major cities.
Key Actions for Implementation: The Vietnamese government plans to enhance the legal environment, build infrastructure, develop human resources, promote research and international cooperation, and encourage blockchain application growth, with oversight from various ministries and leadership from the Vietnam Blockchain Association.

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Technical Analysis for OM

Technical Sentiment Analysis for MANTRA (OM) As of , MANTRA (OM) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, OM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

MANTRA (OM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0179	0.0277	0.0376	0.0474	0.0573	0.0671	0.077
Fibonacci	0.0277	0.0353	0.0399	0.0474	0.055	0.0596	0.0671

About OM

MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications.Key Features: * Built using Cosmos SDK, IBC compatible, with CosmWasm supported * Secured via a sovereign PoS validator set * Scalable up to 10k TPS * Built-in Modules, SDKs and APIs to create, trade and manage regulatory compliant RWAs * Improved User Experience to onboard non-native users and institutions to Web3

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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