A major blockchain network mantra for real -world asset tokens, Jana continued its strong pace in January.
Mantra (OM) coin jumped at a record high of $ 5.92 as we predicted, It climbed 45% in January, reached the peak of $ 5.9232 and increased its market capitalization to more than $ 5.3 billion. The token has now increased by about 40,000% in its lowest point in 2023.
The growth of the mantra in January was mostly due to its vast partnership with Damac, one of Dubai’s largest real estate companies. Under the agreement, Damac will be worth 1 billion dollars of its real estate holdings.
A successful implementation of this project may lead to similar deals in the real estate sector, which is expected to see significant toknarization growth. Some? Analysts It is estimated that the Real Estate Tokening Market may reach $ 3.2 trillion by 2030.
The financial services are another area for industry tokens. Token funds such as Blackrock’s Buidl and Franklin Templeton’s Fobxx have already attracted about $ 1 billion in the property.
Blackrock CEO Larry Fink has urged the Securities and Exchange Commission to approve stock and bond tokens. This step can unlock the opportunity on a large scale, as the global stock markets have a total capitalization of $ 115 trillion, with the bond market even larger.
As the tokenness expands, the mantra is well deployed for benefits, with its mantra aims to become a dedicated layer -1 network leading to the sector.
The increase in the price of the mantra also occurred with a sharp increase in futures open interest. Data shows that open interest in OM futures reached an all -time high of $ 450 million on Thursday.
Mantra -value analysis
OM tokens have experienced an meteorite growth over the last few years, climbing from zero to about $ 6. Between November and January, it formed a rapid penette pattern, a widely recognized continuity indication, characterized by a symmetrical triangle characterized by a long vertical rally.
The mantra is now broken above the upper limit of the penette. Additionally, the average directional index has increased to 30 since December, its highest level. An adx reading above 25 indicates strong speed in an asset.
Therefore, the mantra will probably pull back to $ 4.50, which is the upper limit of the penant, before starting its uptrend. This brake-end-winter pattern is a commonly observed continuity setup. In the long period, the price of the mantra can increase to $ 10.
