OM token price breaks through $5, can I still buy it now?
Mantra is a Layer1 blockchain protocol based on the Cosmos SDK, focusing on the tokenization of real-world assets (RWA). It ensures that asset tokenization complies with regulatory requirements and guarantees transaction security by integrating compliance modules, Token services, and Guard modules. The protocol simplifies KYC verification through a decentralized identity (DID) and supports the tokenization of assets such as real estate, commodities, and artworks. Mantra also innovates the DeFi lending model by expanding the range of collateral through the tokenization of physical assets, optimizing risk management, improving efficiency and compliance through smart contracts, and promoting the development of the DeFi market.
On January 9th, Beijing time, the Real World Asset protocol Mantra signed a $1 billion cooperation agreement with Dubai Damac Group to promote the tokenization of real-world assets (RWA) based on blockchain in the United Arab Emirates. Damac is a diversified investment group covering various fields such as real estate, hotels, and manufacturing. It will use Mantra’s technology to tokenize its assets, thereby enhancing transparency, security, and accessibility.
OM token is the core of the Mantra eco, serving as a governance token, incentive mechanism, and payment medium, enhancing the decentralization of Mantra and network stability. The outstanding performance of the OM token in 2024, with a significant price increase, reflects investor confidence. According to Gate.io market data, at 9:00 am on January 26th, Beijing time, the price of the Mantra Protocol token OM broke through the $5 mark, reaching a high of $5.0979. As of the time of writing, OM is priced at $4.76, with a 24-hour increase narrowed to 37%. The current circulating market value of OM is $4.64 billion, ranking 32nd in the global market. As a well-deserved leading token in the Real World Asset track, the OM token has experienced a more than 50-fold increase in the past year.
OM Token Market Analysis
Trading Data
- Latest Price: 4.76480 USDT
- 24-hour increase: 36.32%
- 24-hour highest price: 5.11470 USDT
- 24-hour lowest price: 3.17110 USDT
- 24-hour trading volume: 18,114,123 OM
- 24-hour net fund inflow: 10,512,368 USDT
- Support level: 3.056 USDT
- Resistance level: 5.711 USDT
Technical indicators
- RSI: Overbought state, short-term trend is bearish
Trading Strategy Recommendations
Strategy 1: Buy on short-term pullback
- Direction: Long
- Entry Price: 4.50 USDT (Look for entry opportunities near the support level)
- Stop Loss: 4.00 USDT (below support level)
- Target price: 5.50 USDT (close to resistance level)
- Reason: After a significant rise, the current OM token is showing overbought conditions according to RSI, which may lead to a short-term correction. It is advisable to enter near the support level and take advantage of market rebounds.
Strategy 2: Breakthrough Sell
- Direction: Bearish
- Entry Price: 5.20 USDT (Enter after breaking through the resistance level)
- Stop Loss: 5.80 USDT (above the resistance level)
- Target Price: 4.50 USDT (pullback to support level)
- Reason: If the OM token breaks through the resistance level of 5.711 USDT, it may trigger more buying sentiment, but if the price fails to sustain at that level, a pullback may occur. This strategy takes advantage of market volatility.
Future Outlook
After signing a cooperation agreement with Damac Group, CEO John Mullin of Mantra stated that Damac’s support is a huge vote of confidence in the future of tokenizing RWA. He believes that tokenization will be a trend in the future, especially the tokenization of RWA, which can help institutions avoid exposure to highly volatile crypto assets. Mullin also emphasized that tokenization can cover almost all assets, but to make tokens transferable, technology must be combined with real-world laws and corporate practices. In the future, tokenization will unlock the liquidity of traditional assets, allowing global investors to participate in investment opportunities that were previously difficult to access.
From Gate.io’s unique token performance chart, RWA is the second best-performing sector of 2024, apart from AI. Some market analysts predict that the market value of tokenized assets will double by 2025. Through the tokenization of RWA, new opportunities can be provided for previously illiquid assets, thereby reshaping the investment market.
