{"id":37960,"date":"2025-03-19T11:35:11","date_gmt":"2025-03-19T11:35:11","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/19\/mantra-om-price-surges-12-as-tokenized-asset-growth-fuels-rally\/"},"modified":"2025-03-19T11:35:11","modified_gmt":"2025-03-19T11:35:11","slug":"mantra-om-price-surges-12-as-tokenized-asset-growth-fuels-rally","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/03\/19\/mantra-om-price-surges-12-as-tokenized-asset-growth-fuels-rally\/","title":{"rendered":"Mantra (OM) price surges 12% as tokenized asset growth fuels rally"},"content":{"rendered":"
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Mantra (OM) has extended its rally, climbing 12% in the past week and securing its position as the second-largest real-world asset (RWA) token by market capitalization. <\/p>\n

Now valued at approximately $6.8 billion, Mantra is closing in on Chainlink (LINK) in the sector. <\/p>\n

The strong price action reflects increasing market interest in tokenized assets, with Mantra emerging as one of the best-performing layer 1 tokens in 2025.<\/p>\n

With technical indicators supporting further gains and fundamental growth underpinning its value, Mantra’s outlook remains bullish as it eyes the psychological $10 threshold.<\/p>\n

Mantra price tests key resistance<\/h2>\n

Since early 2024, Mantra has witnessed a remarkable ascent from near zero to nearly $10, making it one of the standout performers in the crypto market. <\/p>\n

After a brief consolidation period, OM recently broke above key support levels, resuming its upward trajectory. <\/p>\n

Currently trading at around $6.77, its technical setup suggests further potential upside.<\/p>\n

Source: Mantra chart<\/a> on TradingView<\/em><\/figcaption><\/figure>\n

Bollinger Bands are tightening, indicating an imminent spike in volatility, while the MACD remains in bullish territory. <\/p>\n

The RSI reading of 58.28 suggests neutral-to-bullish momentum and an ADX score of 36.31 confirms a strengthening trend.<\/p>\n

A key resistance level lies at $8.17, and a decisive breakout above this level could pave the way for a move towards $10. <\/p>\n

On the downside, support levels are at $6.76 and $5.54, aligning with the lower Bollinger Band and the 20-day moving average.<\/p>\n

Open interest in Mantra futures rises<\/h2>\n

Investor confidence in Mantra\u2019s price trajectory<\/a> is growing, as evidenced by a surge in open interest for OM futures.<\/p>\n

According to Coinglass data<\/a>, open interest has risen from a monthly low of $319 million to $379.54 million.<\/p>\n

This uptick indicates that traders are increasing their exposure, often a signal of growing optimism regarding future price action.<\/p>\n

Mantra\u2019s rapid adoption and growing use cases in tokenization have further solidified its market position. <\/p>\n

The platform has successfully tokenized over $500 million in assets, including real estate, contributing to its expanding ecosystem.<\/p>\n

Its regulatory approval in Dubai<\/a> in February\u2014securing a Virtual Asset Service Provider (VASP) license\u2014has reinforced investor confidence.<\/p>\n

Governance vote follows fraud discovery<\/h2>\n

Despite its strong market momentum, Mantra has faced challenges with its ongoing GenDrop airdrop campaign.<\/p>\n

On March 18, the project uncovered 123,000 fraudulent wallets attempting to exploit the airdrop.<\/p>\n

In response, Mantra initiated a 48-hour governance vote to determine the fate of 26.9 million OM tokens flagged as suspicious.<\/p>\n

To prevent market manipulation, the team confirmed that the GenDrop allocation would be released without prior notice. The first batch will consist of a 10% unlock, equating to 1,987,555.64 OM. <\/p>\n

The outcome of the governance vote will be closely watched by the community, as it could set a precedent for handling future token distribution challenges.<\/p>\n

Mantra\u2019s growth trajectory remains strong, fueled by strategic partnerships exceeding $1 billion, including a significant deal with DAMAC Group in early 2025. <\/p>\n

The post Mantra (OM) price surges 12% as tokenized asset growth fuels rally<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Mantra (OM) has extended its rally, climbing 12% in the past week and securing its position as the second-largest real-world asset (RWA) token by market capitalization. Now valued at approximately $6.8 billion, Mantra is closing in on Chainlink (LINK) in the sector. The strong price action reflects increasing market interest in tokenized assets, with Mantra <\/p>\n","protected":false},"author":1,"featured_media":37961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-37960","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=37960"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/37960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/37961"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=37960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=37960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=37960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}