Mantra Surges Over 40% in 24 Hours, Reaches All-Time High

Key Milestones and Catalysts

Mantra (OM), the real-world asset tokenization platform, experienced a remarkable surge of over 40% in the past 24 hours, reaching an all-time high of $2.71. This surge comes on the heels of key milestones achieved by Mantra in the RWA sector.

Mainnet Launch and Partnership with Google Cloud

In October, Mantra launched its mainnet, offering low transaction costs, enhanced security, regulatory compliance, and multi-chain asset transfer capabilities through its integration with the Cosmos network. Additionally, the platform onboarded Google Cloud as a primary validator and infrastructure provider, enhancing security, scalability, and investor confidence.

Whale Activity and Investor Accumulation

Whale activity around OM has intensified, with one whale acquiring over 18.27 million OM and adding $2.62 million worth on Nov. 16. Data from IntoTheBlock also shows a significant increase in OM net inflows from large holders, from 716,040 OM to 2.39 million OM by Nov. 15.

Community Excitement and Technical Indicators

The Mantra community is buzzing with excitement due to an upcoming airdrop, leading to a surge in daily active OM addresses by over 573% in the past three days. Technical indicators suggest a bullish trend for OM, with the token floating above the upper Bollinger Band and an ADX reading of 35.96 indicating a strong uptrend.

Future Price Targets and Correction Predictions

OM’s potential target is the psychological resistance level of $2.50, with further upside possible in a price discovery phase. However, a trader named Scofield has predicted a brief correction before OM resumes its upward trajectory, presenting an accumulation opportunity for investors.

At the moment, OM is trading at $2.29 per coin, with market capitalization at $2.03 billion and growing interest from investors and traders propelling the token’s upward momentum.