Mantra, one of the best performing altcoins, reached a new all-time high on Saturday as investors please a new centralized exchange listing.
mantra (Om) The price jumped on a record of $ 8.20 to high, causing more than 100%benefit of year-on-year. It has increased by more than 2,600% in the last 12 months, making it a market cap of over $ 7.6 billion, making it the 22nd largest Altcoin in Crypto.
Mantra tokens jumped into the CEX exchanges, one of the largest CEX exchanges in Crypto, after being integrated into bybit. As part of the listing, the users will currently compete for 120,000 om prize pools of more than $ 912,000 value.
The quantity of the mantra on the baibit immediately jumped after listing. Data compiled by Coinmarketcap The 24-hour of Mantra tokens on Bybit increased by $ 36 million. Its combined volume increased by 267% to $ 755 million in CEX and DEX exchanges.
The mantra value has also jumped in front of an upcoming assistance that wants to reward real holders of OM tokens. Developers will currently distribute 50 million OM tokens worth more than $ 375 million.
The ongoing demand for the real -world asset (RWA) tokens as the token surge of the mantra increases. Some major firms like Blackrock, Apollo Global Management and Franklin Templeton have already launched their token products.
Similarly, Ondo Finance has launched a network to facilitate the token of American stocks. Such a product has a high capacity because it will provide global investors to American equity, and possibly bonding, which are currently unavailable to them.
The mantra recently registered a deal for a huge Dubai company Damac to tokens a $ 1 billion real estate portfolio. A successful launch of that project will probably be more demanding to solve this from other real estate companies.
Mantra -value analysis
The daily chart shows that the OM price has done well this year. It is currently trading at its all -time high. It recently flipped the significant resistance level at $ 6.4637, its previous resistance level.
The coin also remains above all moving averages, while the average directional index (ADX) has gone to 45, a sign that it has a strong speed.
Therefore, the price of the mantra may increase as the bulls target the next psychological level at $ 10. This rally will also be because retail investors embrace the fear of missing or fomo.
More about mantra
CEO focuses on RWA tokens such as mantras, real estates, bonds, commodities and precious metals installed by John Patrick Mulin.
Multi-chain ecosystem was created using cosmos SDK and provides a layer 1 blockchain that enables developers to create decentralized application (DAPP).
The ecosystem provides services such as staking, lending and lending.
The native token, OM, mantra fulfills many objectives within the ecosystem, including stating, governance and transactions facilities. Can user Stake Om tokens to earn awards, participate in government decisions and use DEFI services.
Karma protocol
The karma protocol of the mantra is a user ranking system that grades participants based on its functions within the ecosystem.
Positive behavior, such as timely repayment, increase the user’s karma score, which gives benefits such as high stakeing rewards and low fees.
For more insight than Mulin, you can see the following interviews from this year’s Tokyo Fintech Festival:
