Mantra Price Prediction – $2 Coming Soon As Mantra Forms Higher Lows In Bullish Channel

The Rising RWA Narrative Likely To Support OM Rally

Mantra (OM) is in a correction today, reflecting the broader bearish sentiment that has enveloped the cryptocurrency market. Over the past 24 hours, OM has seen its value drop by 8.97%, trading at $0.976 as of 11:19 UTC. Despite this correction, many analysts believe that OM is significantly undervalued and poised for substantial gains once the market sentiment turns bullish.

Undervalued Potential in the RWA Space

One of Mantra’s (OM) strongest selling points is its strategic positioning in the Real-World Asset (RWA) tokenization space.

Current status: Building to Bring #RWAs Onchain.

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) June 11, 2024

As traditional finance begins to integrate with blockchain technology, the tokenization of real-world assets is gaining traction. Mantra, with its robust infrastructure and focus on regulatory compliance, is ideally placed to capitalize on this trend.

Security and Compliance: Core Strengths of Mantra

Mantra operates as a security-first RWA Layer 1 blockchain, capable of adhering to and enforcing real-world regulatory requirements. This focus on compliance makes it particularly attractive to institutional investors and developers. Unlike many other blockchain projects, Mantra offers a permissionless blockchain for permissioned applications, striking a balance between openness and regulatory compliance.

Advanced Technological Infrastructure

Built using the Cosmos SDK, Mantra is compatible with Inter-Blockchain Communication (IBC) and supports CosmWasm. This technical foundation allows seamless integration with other blockchains, enhancing its utility and appeal. Mantra is secured via a sovereign Proof-of-Stake (PoS) validator set, ensuring high levels of security and decentralization.

Fun Fact: Over $80 million worth of $OM staked in the last few days! https://t.co/4VYRT2cQgM pic.twitter.com/wOMPVKtWjq

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) June 4, 2024

Moreover, Mantra boasts scalability of up to 10,000 transactions per second (TPS), making it capable of handling significant transaction volumes. It also offers built-in modules, Software Development Kits (SDKs), and Application Programming Interfaces (APIs) designed to create, trade, and manage regulatory-compliant RWAs. These features collectively improve the user experience, making it easier for non-native users and institutions to transition to Web3.

Proactive Growth Strategies

The Mantra team is not just resting on its technical laurels; it is actively working to drive growth in the RWA space. Yesterday, the Mantra team held a town hall meeting to discuss the future of RWA tokenization and how Mantra is leading the wave of mass adoption.

Explore the Future of #RWA Tokenization & How MANTRA is Leading the Wave of Mass Adoption.

🎙️@jp_mullin888, CEO and Co-Founder of #MANTRA, is all set to dive into the potential of RWAs during an upcoming X Spaces session with @ScottMelker and @MarioNawfal.

Don’t miss this… pic.twitter.com/qTRFoTAoOL

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) June 10, 2024

Such proactive engagement indicates the team’s commitment to staying at the forefront of industry developments and fostering community involvement.

Market Position and Potential for Growth

Despite the recent price drop, Mantra’s current market capitalization is $772 million. Given the high-growth potential of the RWA market, this relatively modest market cap suggests that Mantra is well-positioned for a rally. As the broader market recovers, Mantra is likely to see its market cap soar into the billions.

Accessibility Through Major Exchanges

Another factor that enhances Mantra’s appeal is its listing on top cryptocurrency exchanges, including Binance. Being listed on such prominent platforms increases its accessibility to investors, facilitating higher trading volumes and liquidity. This is particularly significant as the RWA narrative gains traction, positioning Mantra as a key player in one of the most important trends of this crypto cycle.

A Promising Future for Mantra

While Mantra (OM) has faced a recent market correction, its fundamental strengths and strategic positioning suggest a bright future. The project’s focus on security, regulatory compliance, and advanced technological infrastructure makes it a strong contender in the RWA space. The proactive efforts of the Mantra team to drive adoption and the increased accessibility through major exchanges further increase its growth prospects.

Mantra Making Higher Lows In a Bullish Channel A Bullish Signal

Source: TradingView

Mantra is trading in a bullish channel on the weekly charts while making higher lows. This indicates that bulls are in control, and every dip is being bought.

If bulls reverse the ongoing Bitcoin-triggered correction, the critical level to watch would be the multi-week high of $1.094. If the $1.094 resistance is broken, Mantra could rally to a high of $1.5 to $2 in the short term. On the other hand, if bears remain in control, the key level to watch will be the $0.672 support. If broken, Mantra could easily drop to prices as low as $0.30 in the short term.

Which Way For Mantra?

With the RWA narrative getting stronger, the odds are high that Mantra could be headed to higher prices. Besides, Bitcoin seems to be following the 2017 pattern, where it made a correction before the parabolic price run. If it follows the same pattern, a bullish breakout could be coming soon, uplifting all altcoins, including Mantra, which already has strong fundamentals.