CandleFocus Mantra price prediction: Here’s why the OM token is surging
2024-11-18
Author: Content Editor
The price of the OM token, belonging to the cryptocurrency Mantra, has experienced a significant rally, reaching a record high of $4.5. This surge is attributed to the anticipation of a major news event from the developers, potentially involving a collaboration with a major company. The CEO of Mantra will be speaking at the Future of Digital Assets event in New York City, further fueling speculation about the upcoming announcement. Mantra's mainnet, which is designed for the tokenization of Real World Assets (RWA), has been successful since its launch last month. The tokenization industry, which enables the transferability of assets like art and real estate, is expected to continue growing. Mantra has attracted attention in the crypto industry due to its high staking yield and its market cap has surpassed $1.95 billion. While the OM token's outlook is bullish, there may be a pullback in price and a retest of support levels in the future, potentially leading to further gains.
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