• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Mantra (OM) price surges 12% as tokenized asset growth fuels rally

by March 19, 2025
by March 19, 2025

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 emerging as one of the best-performing layer 1 tokens in 2025.

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

Mantra price tests key resistance

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.

After a brief consolidation period, OM recently broke above key support levels, resuming its upward trajectory.

Currently trading at around $6.77, its technical setup suggests further potential upside.

Source: Mantra chart on TradingView

Bollinger Bands are tightening, indicating an imminent spike in volatility, while the MACD remains in bullish territory.

The RSI reading of 58.28 suggests neutral-to-bullish momentum and an ADX score of 36.31 confirms a strengthening trend.

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

On the downside, support levels are at $6.76 and $5.54, aligning with the lower Bollinger Band and the 20-day moving average.

Open interest in Mantra futures rises

Investor confidence in Mantra’s price trajectory is growing, as evidenced by a surge in open interest for OM futures.

According to Coinglass data, open interest has risen from a monthly low of $319 million to $379.54 million.

This uptick indicates that traders are increasing their exposure, often a signal of growing optimism regarding future price action.

Mantra’s rapid adoption and growing use cases in tokenization have further solidified its market position.

The platform has successfully tokenized over $500 million in assets, including real estate, contributing to its expanding ecosystem.

Its regulatory approval in Dubai in February—securing a Virtual Asset Service Provider (VASP) license—has reinforced investor confidence.

Governance vote follows fraud discovery

Despite its strong market momentum, Mantra has faced challenges with its ongoing GenDrop airdrop campaign.

On March 18, the project uncovered 123,000 fraudulent wallets attempting to exploit the airdrop.

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

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.

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.

Mantra’s growth trajectory remains strong, fueled by strategic partnerships exceeding $1 billion, including a significant deal with DAMAC Group in early 2025.

The post Mantra (OM) price surges 12% as tokenized asset growth fuels rally appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
SWARMS price prediction: Swarms to release a no-code multi-agent platform this week
next post
BT Group share price hits key level: can it surge to 200p?

Related Posts

Commerzbank sees China economic growth slowing in second...

June 27, 2025

JSW Paints to buy Akzo Nobel India for...

June 27, 2025

Europe markets open: stocks rise as US hints...

June 27, 2025

US-China sign trade deal, 10 more with trading...

June 27, 2025

Xiaomi stock price hits record high as Apple...

June 27, 2025

NTT Data Group plans Singapore REIT IPO in...

June 27, 2025

Jio Financial shares rally close to 5% after...

June 27, 2025

CAC 40 2025 outlook: Biggest winners and losers...

June 27, 2025

From best to worst: Why Trade Desk stock...

June 27, 2025

HBAR drops 1.63% as short bets rise and...

June 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Despite Tariffs, Inflation Remained Low in May

    June 28, 2025
  • Despite Tariffs, Inflation Remained Low in May

    June 27, 2025
  • PBS and NPR: A Free Press Doesn’t Need a Government Budget Line 

    June 27, 2025
  • Trump v Powell: The Credibility Cost of Politicized Monetary Policy

    June 27, 2025
  • Consumer IoT Products are Priced 44% Higher on Average Than Similar Non-Connected Products

    June 27, 2025
  • Morse Micro Wi-Fi HaLow Technology Receives Matter Certification

    June 27, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,643)
  • Editor's Pick (171)
  • Investing (185)
  • Stock (1,062)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Top 3 reasons to buy Lloyds Bank...

June 18, 2025

Europeans are embracing EVs while Tesla is...

March 8, 2025

Intel stock soars as chipmaker names new...

March 13, 2025