|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Mantra (OM) Coin Price Prediction: Will the Rally Continue?
Jan 31, 2025 at 09:57 pm
Mantra, a leading blockchain network for real-world asset tokenization, continued its strong momentum in January. Mantra (OM) coin jumped to a record high of $5.92
Mantra (OM) coin price hit a record high of $5.92 on Thursday, continuing its impressive rally and setting a new all-time high. The coin surged 45% in January, reaching a peak of $5.9232. At this price, OM’s market capitalization stood at over $5.3 billion.
The token has now risen nearly 40,000% from its lowest point in 2023. Notably, the coin started the year trading at around $0.15.
Mantra’s massive surge in January was largely attributed to its major partnership with DAMAC, one of Dubai’s largest real estate companies. As part of the partnership, DAMAC will tokenize $1 billion of its real estate holdings.
A successful implementation of this project could pave the way for more partnerships in the real estate sector, which is expected to see rapid growth in tokenization. Some analysts estimate that the real estate tokenization market could reach $3.2 trillion by 2030.
Another sector ripe for tokenization is financial services. Tokenized funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX have already attracted close to $1 billion in assets.
BlackRock CEO Larry Fink has also called on the Securities and Exchange Commission to approve the tokenization of stocks and bonds. This move could present a huge opportunity, considering that global stock markets have a total capitalization of $115 trillion, while the bond market is even larger.
As tokenization expands, Mantra is well-positioned to benefit, with its MantraChain aiming to become the leading dedicated layer-1 network for the sector.
Moreover, Mantra’s price surge also coincided with a sharp increase in futures open interest. According to data, open interest in OM futures hit a new all-time high of $450 million on Thursday.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- The Kansas City Chiefs' Coin Toss Dominance: A Testament to Their Mastery of the Game's Smallest Details
- Feb 01, 2025 at 04:40 am
- The Kansas City Chiefs' recent NFL postseason dominance can mostly be attributed to their near-perfect on-field execution, but their success is also a testament to their mastery of the game's smallest details, including something as seemingly random and insignificant as the coin toss to start the game.