MANTRA's OM token has seen a significant rise of 5% today, reaching $1.12, amid a 3% increase in the overall cryptocurrency market in the past 24 hours. Over the span of a week, OM has surged by 4%, by 27% in a month, and an astonishing 5,800% in a year, with the impending launch of the MANTRA mainnet on the horizon. This launch, scheduled for October, aims to establish MANTRA as the preferred ledger for real-world assets, a prospect that has captivated the market's attention and could drive further price growth for OM in the long run.
OM Price Analysis: Bullish Momentum Pushes Toward All-Time High Ahead of MANTRA Mainnet
MANTRA is looking to establish itself as a decentralized finance platform for investors to tokenize and trade real-world assets like stocks and real estate. The upcoming launch of its mainnet in the next month signals a significant step forward, paving the way for increased demand for OM as a utility and staking token. Partnerships, such as the one with UAE-based real estate developer MAG in July, have bolstered MANTRA's prospects for success and positioned OM favorably as an investment.
Technical indicators for OM point towards a promising outlook, with positive momentum on the rise and ample room for growth before entering overbought territory. Both the RSI and moving averages show upward trends, with the market's recovery following a recent rate cut further supporting OM's potential growth.
Market analysts are optimistic about OM's future trajectory, predicting a potential rise to $1.20 in the coming weeks, with the year-end target set at $1.40.
Diversification into Small-Cap Alts
While OM is showing promise, several smaller-cap altcoins are also gaining attention in the market. Notably, presale coins like crypto All-Stars (STARS), an ethereum-based token that raised $1.4 million in its sale, are generating interest for their unique value propositions. crypto All-Stars' 'MemeVault' concept allows holders of meme coins to stake their tokens, leveraging the ERC-1155 multi-token standard to tokenize existing meme coins and expand its market appeal.
With a maximum supply of 42.069 billion, STARS allocates 20% to its presale and 25% to staking rewards during the sale. Interested investors can purchase STARS on the official crypto All-Stars website at $0.0014535 per token. The presale price is expected to increase before the sale concludes, presenting an opportunity for early investors to capitalize on potential price rallies post-listing.
As the cryptocurrency market continues to evolve, diversifying into promising small-cap altcoins like OM and STARS could offer investors significant growth opportunities amid the ongoing market uptrend.
