As October kicked off, the crypto market started strong, with prices turning green. However, geopolitical tensions between Iran and Israel sparked panic selling, sending Bitcoin sharply down to $61K and dragging most of the market with it. In this turbulence, Mantra (OM) stands out by trading in green.
Market Sharp Drop
The cryptocurrency market opened October positively, but geopolitical conflicts between Iran and Israel triggered mass sell-offs, leading to a sharp Bitcoin price drop to $61K. Consequently, most cryptocurrencies turned red as well.
Success of Mantra (OM)
Amid the overall market decline, Mantra (OM) stands out with its upward trend. Over the last 24 hours, OM has risen by 2.29%, and over the past 30 days, it has surged an impressive 45%. OM is a key player in the Real World Assets (RWA) space, showing positive dynamics despite market upheaval.
Key Metrics and Expectations
The growing excitement around OM is largely fueled by its highly anticipated [Mainnet launch](https://coinsprobe.com/mantra-brings-real-world-assets-onchain-with-mainnet-launch/) later this month. The MANTRA Chain launch is expected to bring new RWA partnerships, driving further demand for the OM token. Currently, OM is trading at $1.27, after breaking past the key resistance level of $1.18. The next target for OM is $1.41, which is just 10% away from its current price. With momentum building and significant developments on the horizon, OM could very well reach a new [all-time high](https://coinsprobe.com/top-3-altcoins-that-could-hit-new-all-time-high-in-october/) soon.
Despite a general decline in the cryptocurrency market, Mantra (OM) shows confident growth. The anticipated Mainnet launch and potential partnerships in the RWA space make OM one of the most promising cryptocurrencies on the market.
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