CandleFocus Mantra retests all-time high amid OM airdrop hype and mainnet launch anticipation
2024-10-11
Author: Content Editor
The blockchain network Mantra (OM) has reached a new all-time high, surging 9.2% to $1.46 and surpassing a $1.2 billion market capitalization. Its daily trading volumes are around $56 million, mainly on Binance and XT.COM. Mantra's price has risen 42% in the past 30 days, outperforming other real-world asset (RWA) tokens. The upcoming launch of Mantra's mainnet has generated increased community interest in the project and contributed to its rally. A recent proposal to update the tokenomics has also been well-received. The project's uptick in price aligns with the surge in interest for Real World Assets in the DeFi sector. An upcoming airdrop will distribute 50 million OM tokens to eligible participants. Technical indicators suggest a bullish outlook for OM, and community sentiment is highly positive. A strong move from Bitcoin could further benefit OM in the short term.
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