OM Price Analysis: Bullish Momentum Pushes Toward All-Time High Ahead of MANTRA Mainnet
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
MANTRA has risen by 5% today, with the OM price hitting $1.12 on a day when the cryptocurrency market gains by 3% in the past 24 hours.
OM is now up by 4% in a week, 27% in a month and by a whopping 5,800% in a year, with the utility token awaiting the launch of the MANTRA mainnet.
This will now be happening in October, with MANTRA aiming to become “the preferred ledger of record for real-world assets.”
Given OM’s performance over the past year, the market certainly seems to believe that it has a very good chance of doing this, something which could boost its price even further in the long term.
MANTRA is aiming to become a decentralized finance platform which will enable (institutional) investors to tokenize and trade real-world assets, such as stocks and real estate.
It will take a big step towards achieving this aim next month, when its mainnet will launch, and when OM will begin experiencing more demand as a utility and staking token.
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