MANTRA OM Token Sees 11% Gain Amid RWA Milestone
The MANTRA OM token, a real-world asset (RWA) layer-1 blockchain, has surged in the crypto market, outperforming major cryptocurrencies with an impressive 11% gain. This increase follows a significant platform milestone that propelled the native OM token to reach $0.89, helping to recover losses from a recent drop to $0.68.
MANTRA’s Expansion and RWA Partnership Drives Surge
Since its token launch in October 2020, MANTRA has experienced a positive shift in sentiment, particularly as the RWA narrative gained traction. A notable turning point occurred on July 3 when MANTRA announced a partnership with MAG Group Holding, a prominent real estate conglomerate in the United Arab Emirates. This collaboration aims to tokenize $500 million worth of real estate assets, offering investors yields in stablecoins and the OM token.
OM Token Eyes New All-Time High After UAE Partnership
Following the RWA partnership announcement, the OM token’s value has continued to rise, surpassing the top 100 cryptocurrencies by market cap. Currently trading around $0.80, MANTRA’s OM token is poised to reach a new all-time high if bullish momentum persists. The token previously reached its ATH of $1.09 on June 10, 2024, during another strategic expansion in the UAE.
