As a researcher with experience in the crypto market, I find MANTRA’s recent surge particularly noteworthy. With an impressive 11% gain, it has outperformed all major cryptocurrencies and even recouped most of its losses from Wednesday’s drop. This bullish trend comes on the heels of a significant platform milestone: MANTRA’s partnership with MAG Group Holding, a leading real estate conglomerate in the UAE.
As a researcher studying the crypto market, I’ve noticed an intriguing anomaly: MANTRA, the real-world asset (RWA) layer-1 blockchain, has stood out from the crowd with a remarkable 11% price increase, surpassing all major cryptocurrencies in recent gains.
After achieving a significant achievement on its main platform, the native OM token from MANTRA reached a peak price of $0.89 on Thursday. These recent gains have largely offset the losses incurred when the cryptocurrency dipped to $0.68 just the previous day.
MANTRA surges after major RWA partnership
As a crypto investor, I’ve been closely following the developments with MANTA since they launched their native token back in October 2020. Lately, there’s been a significant change in the community sentiment towards this project. The Resident Warranty Asset (RWA) narrative has gained more traction and credibility, making me increasingly optimistic about MANTA’s potential future growth.
As a crypto investor, I’ve witnessed an exciting turn of events in the tokenization market. On July 3, the tide shifted significantly when MANTRA, the innovative blockchain platform, revealed their partnership with MAG Group Holding – a prominent real estate conglomerate based in the United Arab Emirates. This collaboration marked a major bullish flip for MANTRA, adding credibility to its mission and potentially driving up demand and value for its tokens.
MANTRA announced that they will facilitate the tokenization of $500 million in real estate assets for a Dubai conglomerate. Investors will be rewarded with stablecoin yields and the native token OM.
In a recent blog post, MANTRA expressed their intention to maximize the benefits of RWA compliance in the Middle Eastern region and beyond by merging their secure RWA-centric blockchain with MAG’s strong presence in the UAE real estate market.
The OM token experienced a rise following recent news and has surpassed the growth rate of the top 100 cryptocurrencies by market capitalization. According to CoinMarketCap, MANTRA currently leads as the top gainer, followed closely by Pendle (PENDLE) and Safe (SAFE), which have gained less than 2% in the last 24 hours.
As a researcher studying the cryptocurrency market, I can tell you that based on current trends, OmiseGO (OM) has a strong chance of hitting a new record high if the bulls continue to dominate the market and prices stay around their current level of $0.80. It’s important to note that back in June 10, 2024, Mantra’s price reached an all-time high (ATH) of $1.09 due to another partnership announcement in the UAE.
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2024-07-04 19:39