Amid the general decline of the cryptocurrency market, Mantra's token showcased growth. We examine key factors and forecasts.
Mantra's Rise on an Unstable Market
Mantra, known for its network for real-world asset tokenization, rose by 10% to $5.30. This happened on a day when most cryptocurrencies, including Bitcoin, suffered losses following news of proposed tariffs by Donald Trump. At the same time, the cryptocurrency market capitalization fell by 8%.
Factors Driving the Growth
The primary growth factor for Mantra was the addition of Republic to its validator list. Supported by companies like Coinbase and Binance, Republic increased interest in the network. Furthermore, OM became popular due to its focus on tokenizing real-world assets. Mantra also secured major deals for real estate tokenization with Middle Eastern companies MAG and DAMAC.
Mantra's Growth Prospects
Technical analysis shows that OM is in a robust upward trend. The token broke through a critical resistance level at $4.611 and is forming a potentially continued bullish signal. Mantra is expected to continue rising, targeting its all-time high of $5.90 and the psychological level of $10.
Amid the crypto market downturn, Mantra continues to demonstrate steady growth thanks to strategic partnerships and technical indicators pointing to a possible further rise.
