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Mantradao

MANTRA and DAMAC to Tokenize $1 Billion in Real-World AssetsIn a groundbreaking collaboration, blockchain company MANTRA has partnered with UAE-based property conglomerate DAMAC to tokenize over $1 billion worth of real-world assets (RWA). This ambitious initiative highlights the growing trend of blockchain adoption for streamlining traditional investment processes and enhancing accessibility for investors globally. Partnership Insights MANTRA, a layer-1 blockchain designed specifically for tokenized real-world assets, is set to transform DAMAC’s extensive portfolio, which spans real estate development, hospitality, and data centers. By leveraging blockchain technology, this partnership aims to: - Streamline Investments: Tokenization simplifies traditional investment mechanisms, offering faster settlements and broader accessibility. - Enhance Transparency: Investors gain access to a secure and transparent method of participating in diverse financial opportunities. - Expand Market Accessibility: Both retail and institutional investors can explore DAMAC’s portfolio with unprecedented ease. The specifics of which DAMAC properties will be tokenized are expected to be disclosed in the coming weeks, with offerings slated to begin in early 2025. This marks a pivotal step in integrating blockchain technology into mainstream industries, aligning with DAMAC’s history of embracing innovation—from accepting cryptocurrency payments in Bitcoin (BTC) and Ethereum (ETH) to planning a $20 billion investment in U.S. data centers. Tokenization’s potential is immense, with industry projections estimating the RWA market could grow to trillions of dollars by the end of this decade. Reports from McKinsey, BCG, 21Shares, and Bernstein underscore the transformative potential of this technology, with significant efficiency gains and expanded investment opportunities. MANTRA’s Strategic Growth MANTRA’s focus on the Middle East region underscores its commitment to revolutionizing traditional financial systems. Earlier this year, it announced plans to tokenize $500 million worth of assets for Dubai-based real estate developer MAG Group. The network’s mainnet launch in October and subsequent native token ( NASDAQ:OM ) growth further solidify its position as a leader in blockchain innovation. NASDAQ:OM has experienced a remarkable 200% market capitalization growth over the past three months, now standing at $3.6 billion according to CoinGecko. This growth reflects increasing investor confidence in MANTRA’s capabilities and vision. Technical Analysis of NASDAQ:OM As of this writing, NASDAQ:OM is trading at a slight decline of 1.34%, forming a symmetrical triangle pattern. This technical setup is often indicative of a potential breakout in either direction: - Bullish Scenario: A breakout above the upper trendline could trigger a significant rally, pushing NASDAQ:OM to new highs. - Bearish Scenario: Conversely, a breakdown below the lower trendline could lead to a selling spree, with prices potentially retesting lower support levels. The confined trading range highlights the importance of closely monitoring price movements for any decisive action. Traders should look for increased volume and momentum as potential confirmation signals for a breakout or breakdown. Broader Implications This partnership between MANTRA and DAMAC is more than just a business deal; it is a testament to the growing adoption of blockchain in traditional industries. By tokenizing real-world assets, the collaboration aims to: - Democratize investment opportunities for a global audience. - Enhance operational efficiencies across industries. - Cement the UAE’s position as a leader in blockchain and crypto innovation. Conclusion The MANTRA-DAMAC collaboration represents a bold step forward in the tokenization of real-world assets. With a solid foundation in both technical and fundamental aspects, NASDAQ:OM is poised for substantial growth, making it a token to watch in the coming months. As the blockchain ecosystem continues to mature, this partnership could set the stage for broader adoption of tokenized investments worldwide.
Long
by DEXWireNews
$OM Bullish pennantBINANCE:OMUSDT is currently doing a bullish pennant pattern after an explosive move from 1.67 area. A break of this pennant could send BINANCE:OMUSDT price parabolically to around 6.40 - 6.80 area, measured using the length of the pole in confluence with 2.618 fib level. In a typical retrace on a continuation move towards the upside, volume tends to dry out, signalling that a move may be due sooner than later. In futures, BINANCE:OMUSDT.P O/I continue to hover around $14M which is a good sign given the sentiment of the market towards premium RWA projects, with a positive L/S ratio. On the flipside, a break of the lower level will only continue the current ranging move of BINANCE:OMUSDT towards 3.30 - 3.50 area. Given that the market is still focusing on BTC, BINANCE:OMUSDT will continue to move in a laggard fashion, therefore there is still time to find a long entry near 3.55 - 3.63 area. Once money shifts towards alts, this will propel BINANCE:OMUSDT to new ATHs. As always, manage your risks. GL! - JD
Long
by The_Bro_Analysis
1
Mantra OM price has reached incredible heights, is it enough?For the year, the CRYPTOCAP:OM coin has added +22700% in value, reaching a capitalization of 3$3,85 billion Of course, it's up to you to decide whether this is enough or not for the #Mantra project It is also up to you to decide where you think the price of OKX:OMUSDT has a better chance of going now: 🔼Up to $9.90 🔽Down to $0.88 (at best) or even to $0.28 (in the worst and most unlikely case) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
The Power of HODLINGMANTRA ( NASDAQ:OM ) has been making waves in the crypto market, not just for its price surge but for the incredible profit booked by a savvy trader. This feat has drawn the attention of investors worldwide. A reported $6 million profit from trading NASDAQ:OM has sparked interest and speculation about the coin's future, as well as its potential to deliver significant returns. Let's explore both the technical and fundamental aspects driving this market activity. The Million-Dollar Trade A crypto trader, identified by the wallet address "0xdc2," achieved a staggering return on investment (ROI) of 161X within approximately 10 months. The trader bought OM tokens at an average price of $0.026 and recently sold 600,000 tokens on Binance for a profit of $2.49 million, highlighting their total profit of $6.28 million. This trade underscores the potential of holding onto a coin for strategic periods and taking advantage of market conditions. However, it also raises concerns about sell pressure in the wake of significant dumps. Market Confidence Despite Sell-Off Despite the dump, NASDAQ:OM maintained upward momentum, reflecting strong market confidence. A 26.58% price increase over 24 hours saw the token trading at $4.15, with trading volume surging 33% to $771.50 million. Altcoin Market Sentiment The overall positive sentiment in the altcoin market, with the crypto market cap breaching the $3 trillion mark, has helped bolster NASDAQ:OM 's price. Futures Open Interest Growth MANTRA Futures Open Interest surged by 53%, indicating increased investor activity and hinting at further potential price gains. This is a critical indicator of the token's growing appeal among traders. Technical Analysis NASDAQ:OM reached a 24-hour high of $4.47 before slightly retracing to $4.15, marking a consolidation phase after its sharp rise. The Relative Strength Index (RSI) stands at 90, indicating overbought conditions. While this suggests the potential for a short-term correction, it also reflects heightened buying pressure. The large-scale token dump may trigger sell-offs by smaller investors, potentially leading to a short-term dip. However, the broader market sentiment and rising Futures Open Interest could mitigate this impact. A Lesson for Traders The $6M profit story serves as both inspiration and caution for traders. Strategic holding and avoiding FOMO (Fear of Missing Out) can lead to substantial returns. It reflects on a missed opportunity, when i sold sold a memecoin at a $3M market cap, only to watch it climb to $300M later. This highlights the importance of conducting thorough research and believing in your investments while being mindful of market conditions. Conclusion MANTRA ( NASDAQ:OM ) continues to capture the attention of traders and investors alike with its significant price movements and market activity. The coin's ability to hold steady after a massive sell-off and its impressive Futures Open Interest growth hint at its strong potential in the crypto space. While short-term fluctuations are expected, NASDAQ:OM 's broader market confidence and fundamentals position it as an asset worth watching. For savvy traders, the mantra is clear: patience, research, and timing are key to unlocking the full potential of crypto investments.
CRYPTO:OMUSDLong
by DEXWireNews
OM/USDT Likely to Go for a Bull Run? 🚀👀 OM Analysis💎Yello, Paradisers! get ready for a potential trading opportunity with OMUSDT. The asset is currently demonstrating substantial activity within the demand zone, hinting at a possible upward trend. 💎MantraDAO has been rigorously adhering to a trading channel pattern. After breaking above this channel, we anticipate a move towards a resistance level, followed by a swift retracement, in line with its historical pattern. 💎There's a strong chance of a bullish development starting from the support level of approximately $0.02098. Now that OM has successfully broken out of the trading channel in an upward direction, we expect it to target resistance levels around $0.0307. 💎Accurate timing is vital for savvy Paradisers. It's key to identify the best entry points during this upward phase, and it's wise to avoid entries at the peak of the trend. 💎However, remain cautious, as there is also a risk of OM dropping below the $0.02098 support level. A fall beneath this critical threshold may cast uncertainty on the likelihood of a continued upward trajectory.
Long
by MyCryptoParadise_Simon
2
🈹OM - 120 days of accumulationAs global markets SP:SPX NASDAQ:NDAQ are dumping, so is Bitcoin. This obviously strongly affects altcoins as well. Those aren't the best conditions to trade in, but: The price has been consolidating on 200EMA/key level/node of high volume for over 120days now, and it seems like the accumulation is near its end. In choppy price action, it is hard to rely on trendlines, although we may notice some sort of triangle pattern squeeze happening right now. Technical indicators are telling us that money keeps flowing in, and buyers are taking the control as MFI keeps going up. This could mean, that we could soon see a breakout from: - the accumulation zone(above key level) - macro triangle formation(break dynamic resistance-blue) - horizontal resistance area(red area) In case the market keeps dumping, ideally we'd like to see the price stay above the support area, otherwise the accumulation "power" might be used to push the price lower. Entry: average buy between current price and the area of support(green area) Targets: 0.295 0.338 0.436 0.523 0.608 0.685 0.810 0.882 + use mid/top of the channel trendline as dynamic target ------------------ About OM: MANTRA DAO is a decentralized finance platform with a specific focus on staking, lending and decentralized governance. The project is being built on the blockchain RioChain and will be connected with Polkadot. It is intended to act as an ecosystem for Web 3.0. The platform uses a native utility token, OM, for staking, lending and governance. While the project plans to move to the Polkadot network, the token has been initially issued on the Ethereum blockchain. MANTRA DAO was first announced in June 2020, and the platform went live with its first feature, staking, in October 2020. Source: coinmarketcap
Long
by V0VOLAN
1
MANTRA DAO vs Tether (OM)MANTRA DAO (OMUSDT) has multiple bullish signals with mixed feelings on this chart. Mixed feelings because the action is yet to start but the technicals are bullish, I'll explain. Prices are trading above the important MA200 and EMA300 indicators. Also EMA10, EMA50 and EMA100 (not marked). We have a long consolidation period for the past three month or so. This pair did good for us in the past, it can do so again. We are bullish above EMA300/MA200 ($0.210-$0.203). Below this level; warning but bullish long-term. This is what I see happening (green arrows). Either up from the current price or a drop and up anyways. Build your own plan before trading. This should only be used as an extra. This is not financial advice. Thank you for reading. Namaste.
Long
by AlanSantana
1
Mantra DAO OM. What if ATH?Here is my thoughts on Mantra DAO OM token. The project has great fundamentals, working team of developers. This year they expanded influence in to Africa. They staking platform is operational, jump start for new projects working perfect. Basically, fundamentals are great. Considering conservative risk management, lets say we put 0.1 ETH into OM, its 1270 OM todays rate You can stake with 33% APY. Lets say it will take 1 year for OM to reach ATH you will get about 400 OM from staking and it will worth 2.8 ETH This is great ROI for 0.1 ETH Will price stay the same, you make some from staking and swap it back to ETH.
OLong
by OlegDC
🆓MANTRA DAO (OM) May-25 #OM $OMOM is trying to stop the downtrend at 0.15$ zone and if it doesn't lose this zone, it will head to 0.3$ zone in early June. And 0.3$ zone is very important because it could be pushed down again but if successful in conquering this zone, it will hit 0.45$ and 0.55$ zone easily 📈BUY -Buy: 0.145-0.155$. SL if B 📉SELL -Sell: 0.29-0.31$. SL if A -Sell: 0.44-0.46$. SL if A -Sell: 0.54-0.56$. SL if A ♻️BACK-UP No Backup Plan ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
🆓MANTRA DAO (OM) May-15 #OM $OMOM has just had a quick pump and this is a good sign for a buying force and it could generate a new rally up to 0.55$ zone and even 0.85$ in early June 📈BUY -Buy: 0.29-0.31$ -Buy: 0.24-0.26$. SL if B 📉SELL -Sell: 0.39-0.41$. SL if A -Sell: 0.54-0.56$. SL if A -Sell: 0.83-0.87$. SL if A ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
2
Mantradao OM/USDT at critical support as large cap alts riseThe Mantradao OM/USDT pair is currently at a critical level of support. If we manage to bounce from here there are 3 main targets for taking profit, with the breaking of the red trend line being a fair indicator of a reversal. If we fail to hold 32 cents then the drop down could be significant. It is perhaps not surprising that OM is having a rough time of it at the moment, given the performance of ETH and other large caps. When money does start to flow into the smaller-cap coins again, OM might finally get to break through that downwards trend line and take it back to the 42-50 cent region (as it could do easily if does a leg up from here completing an ABC pattern, though that speculation remains to be seen).
by PClenton
11
Mantradao S/R levels based n Binance dataAn updated, alternative chart for short-to-medium-term levels of support and resistance for OMUSDT based solely on data from Binance (as this is the exchange trading the most OM volume when last checked). Most resistance is expected around the 44 cent level, decreasing thereafter as the price rises. Downside target is initial price at Binance listing. The fundamentals use cases of this token probably mean it's highly undervalued, though confirmation of a trend reversal is advisable. There may be signs of a reversal following the recent dip: MACD cross & potential ascending triangle in previous days, not to mention OM nearing the end of a descending wedge. It is also of not that OM has not been following the same path as other alts recently.
by PClenton
5