Recently, Mantra (OM) token's price has seen notable decline, yet its potential remains appealing for investors. We'll examine the current market status, token's yield, and technical aspects of its forecast.
Market Status and Mantra's Position
OM token is trading at $3.54 with a market cap exceeding $3.28 billion, making it the 45th largest cryptocurrency in the industry. Despite the recent drop, it has displayed significant growth with a 10,758% increase this year.
Yield and Investor Prospects
Mantra token offers a yield of about 30%, making it attractive for yield-focused investors. According to StakingRewards, this yield is higher than many popular cryptocurrencies and traditional financial assets like US government bonds and dividend ETFs. Mantra's developers aim to enter the real-world asset tokenization industry, which has a multi-trillion dollar potential.
Technical Analysis and Price Forecast
Technical indicators suggest a potential strong bullish breakout. On the daily chart, OM forms a 'golden cross' and a bullish flag pattern. The falling wedge pattern, typical for upward reversals, indicates a potential price increase to $4.5150, 28% above the current level, while a drop below $3 may signal continued downside.
Mantra's price has undergone minor correction, yet its high yield potential and growth in real-world asset tokenization keep it attractive.
