Stay Updated on Crypto Market Trends

Summary:

During the recent crypto market uptrend, MANTRA (OM) has emerged as a top-performing altcoin, experiencing significant gains in early July 2024. Built on a security-first Layer-1 blockchain, MANTRA emphasizes regulatory compliance and a permissionless environment, attracting both institutional and individual interest. Over the past week, $OM token has surged by 18%, with a monthly increase of 24%. The broader crypto market’s calm phase hints at a potential bull run, with undervalued altcoins like $OM poised for substantial growth.

Real World Asset (RWA) tokens are gaining traction, offering solutions to traditional trade finance issues through blockchain technology. RWAs enhance efficiency, reduce transaction costs, and ensure security and transparency, potentially boosting the global on-chain economy.

As of July 14th, $OM stands at $1.065, with a slight 24-hour decrease but an impressive six-month increase of 1989%. Its RSI indicates a neutral market position, and it is trading above its 200-day SMA. MANTRA has support levels at $1.027 and $0.954, with resistance at $1.088 and $1.093. Surpassing these could see $OM reach $1.120.

Key factors for MANTRA’s price surge include a partnership with UAE real estate giant MAG to tokenize $500 million in real estate, democratizing access to luxury properties. Additionally, MANTRA’s involvement in upcoming events and discussions on DeFi and RWA tokenization further bolster its market position.

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