Mantra (OM) has experienced a significant price surge since January 2024, making it one of the top-performing cryptocurrencies in the industry. The price has skyrocketed from $0.0158 to $9.10, and its market cap has increased from $29 million to $8.45 billion. The surge in price is attributed to the launch of MantraChain and its strong staking rewards. However, there are indications that the price may reverse soon, including a divergence between Mantra and futures open interest, the concept of mean reversion, and signs of being overbought. The Mantra token aims to become the largest cryptocurrency in the RWA industry and has recently obtained a Virtual Asset Service Provider license in Abu Dhabi, positioning it as a leader in tokenizing real-world assets.



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