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<p>Mantra (OM) has seen its price soar by over 8% in the past 24 hours, reaching $0.7924. This notable gain comes against the backdrop of a broader market slump that caused Bitcoin to plunge to $57,000.</p>
<h2 class="wp-block-heading" id="500-million-real-estate-tokenization-partnership-fuels-om-s-rally">$500 Million Real Estate Tokenization Partnership Fuels OM’s Rally</h2>
<p>The primary catalyst for Mantra’s price surge is a partnership announcement with Dubai-based real estate developer MAG Group.</p>
<p>According to a <a href="https://www.coindesk.com/business/2024/07/03/mantra-to-tokenize-500m-real-estate-assets-for-uae-builder-mag-group" target="_blank" rel="noopener noreferrer nofollow">press release</a>, Mantra Chain is set to tokenize $500 million worth of MAG Group’s real estate assets.</p>
<p><strong>Key Details of the Tokenization Deal:</strong></p>
<ol>
 <li>Assets will be tokenized in multiple tranches</li>
 <li>The first tranche includes the Keturah Reserve residential project in Meydan, Dubai</li>
 <li>A $75 million mega-mansion at ‘The Ritz-Carlton Residences, Dubai, Creekside’ development is also part of the initial tokenization</li>
</ol>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/jasmy-coin-price-predicted-to-surge-10000-despite-bearish-crypto-market-sentiment/" target="_blank" rel="noopener noreferrer nofollow">Jasmy Coin Price Predicted to Surge 10,000% Despite Bearish Crypto Market Sentiment</a></em></strong></p>
<p>One of the most intriguing aspects of this tokenization deal is the yield structure proposed for investors:</p>
<ol>
 <li>Expected yields of 8% from stablecoins</li>
 <li>Additional OM tokens to be granted to investors</li>
</ol>
<p>The specific details of the yield structure, including the choice of stablecoin and the exact amount of OM tokens to be allocated, are still under discussion.</p>
<h3 class="wp-block-heading" id="market-performance-and-technical-analysis">Market Performance and Technical Analysis</h3>
<p>Mantra’s price movement over the past 24 hours reflects the market’s positive reaction to this news:</p>
<ul>
 <li>Current Price: $0.7924</li>
 <li>24-hour Low: $0.6891</li>
 <li>24-hour High: $0.8962</li>
</ul>
<p><em><strong>Read more: <a href="https://captainaltcoin.com/robert-kiyosaki-predicts-bitcoin-price-to-hit-10-million-heres-when/" target="_blank" rel="noopener noreferrer nofollow">Robert Kiyosaki Predicts Bitcoin Price to Hit $10 Million – Here’s When</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/why-is-mantra-om-price-surging/" rel="noopener noreferrer nofollow">Why is Mantra (OM) Price Surging?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Mantra (OM) Price Surging?

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