MANTRA

<p><strong>Date:</strong> Thu, Oct 10, 2024, 02:17 PM GMT</p><p>October hasn&#39;t been smooth for the cryptocurrency market as Bitcoin (BTC) continues to experience wild fluctuations. Today, Bitcoin&#39;s price dropped by 1.33%, putting it below the $60K mark. This downward trend has triggered declines across many altcoins, but one token, <strong>Mantra (OM)</strong>, has been standing its ground. Despite the market volatility, Mantra is showing small yet steady growth.</p><p>In the past 24 hours, Mantra (OM) surged by <strong>6.77%</strong>, and over the last 30 days, it&#39;s seen an impressive <strong>40% jump</strong>, making it the top performer among Real World Asset (RWA) tokens, outperforming big names like <strong>Chainlink (LINK)</strong> and <strong>ONDO</strong>.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/cb0d471af5c34d0fa442068d5ce42217.png" />Source: Coinmarketcap</p><h3 id="what-s-driving-it">What’s Driving It?</h3><h4>Upcoming Mainnet Launch:</h4><p>One of the key factors behind Mantra&#39;s momentum is the anticipation around its upcoming <a href="https://coinsprobe.com/mantra-brings-real-world-assets-onchain-with-mainnet-launch/" rel="noopener noreferrer nofollow">Mainnet launch</a>, scheduled for later this month. Excitement is building as the launch approaches, pushing the token’s demand higher.</p><h4>Tokenomics Update Proposal:</h4><p>Mantra DAO has proposed a vote to update its tokenomics to better align with its long-term goals. This proposal is being positively received by the community, adding more fuel to OM’s recent gains.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/726655a62e70414bb8bec297a47d184b.jpeg" />Source: X</p><h4>RWA Growth in DeFi:</h4><p>Real World Assets (RWAs) in DeFi have been gaining traction. Since last year, RWAs have surged from <strong>1.77% to 3.69% of Total Value Locked (TVL)</strong> in DeFi. This growing interest in RWAs is benefiting Mantra, one of the key players in this sector.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/69b469db785543f094017064487e2114.jpeg" />Source: X</p><h3 id="what-s-ahead">What’s Ahead?</h3><p>Mantra has already experienced a strong rally, rising from a low of <strong>$0.86</strong> to a new all-time high of <strong>$1.48</strong>. After a slight correction, the token is currently trading at <strong>$1.40</strong>, having successfully retested its previous breakout level of <strong>$1.31</strong>.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/82fcf8afc74c4b26a331570edbfc6512.png" /></p><p>If Bitcoin manages to hold its key support at $60K, OM could rally further, with the potential to test its previous high of <strong>$1.48</strong> and beyond.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.</p><h4><strong>Also Read: </strong><a href="https://coinsprobe.com/top-memecoins-pepe-wif-and-bonk-drop-to-support-levels-what-to-expect-next/" rel="noopener noreferrer nofollow">Top Memecoins PEPE, WIF, and BONK Drop to Support Levels: What to Expect Next?</a></h4>

Mantra (OM) Leading RWA Narrative Despite Bearish Pressure: What's Driving It?

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