Ondo

bullish

DeFi

Impact

MANTRA

<a href="https://cryptoticker.io/en/token/price/OM-USD/" rel="noopener noreferrer nofollow">MANTRA (OM)</a> has experienced a remarkable surge in performance, with its price increasing by over 7,170% in 2024. As of November 19, 2024, the token is trading at $4.24, just shy of its all-time high of $4.47, reached on November 18, 2024. In this article, we explore the key factors behind this surge, MANTRA's rise in market rankings, and <a href="https://cryptoticker.io/en/prediction/mantra-price-prediction/" rel="noopener noreferrer nofollow">what to expect next for the token’s price trajectory</a>.
<h2 id="strong-what-are-mantra-om-surge-drivers-strong">What are MANTRA (OM) Surge Drivers?</h2>
<a href="https://www.tradingview.com/symbols/OMUSD/?aff_id=127958" rel="noopener noreferrer nofollow">MANTRA’s growth</a> can be attributed to several strategic developments and partnerships that have helped push its market cap to $3.82 billion and its 24-hour trading volume to $531.33 million. Let's take a closer look at the major drivers behind this surge:
<h4>1. Strategic Partnerships and Innovation</h4>
One of the key factors fueling <a href="https://www.mantrachain.io/" rel="noopener noreferrer nofollow">MANTRA's rise</a> is its partnership with Google Cloud, announced in late October 2024. This partnership has bolstered MANTRA’s blockchain infrastructure, providing increased scalability, security, and operational efficiency. By leveraging <a href="https://cloud.google.com/docs/overview" rel="noopener noreferrer nofollow">Google Cloud's</a> powerful computing capabilities, MANTRA is set to solidify its position in <a href="https://cryptoticker.io/en/what-is-defi/" rel="noopener noreferrer nofollow">the DeFi space</a>, attracting more users and developers.
Additionally, <a href="https://www.mantrachain.io/for-traders" rel="noopener noreferrer nofollow">MANTRA's launch of Vaults</a>, which allows crypto investors to gain exposure to multiple cryptocurrencies through staking stablecoins like USDT, has helped boost the platform's appeal and user base.
<h4> 2. GenDrop Airdrop Initiative</h4>
The announcement of GenDrop, a <a href="https://mantrachain.medium.com/mantra-50m-om-gendrop-explained-e6109f73ad2f" rel="noopener noreferrer nofollow">novel airdrop initiative</a>, on November 15, 2024, also played a crucial role in generating excitement around MANTRA. <a href="https://cryptoticker.io/en/crypto-airdrop/" rel="noopener noreferrer nofollow">The airdrop</a> is targeted at users who engage with the platform by bridging tokens from <a href="https://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum/" rel="noopener noreferrer nofollow">ERC20</a> to the MANTRA chain, thereby enhancing its ecosystem and fostering a wider adoption.
<h4> 3. Real-World Asset (RWA) Integration</h4>
In line with its goal of bridging traditional finance with blockchain technology, MANTRA partnered with <a href="https://www.tradingview.com/symbols/ONDOUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Ondo</a> to create a <a href="https://www.coingecko.com/learn/what-are-real-world-assets-exploring-rwa-protocols" rel="noopener noreferrer nofollow">Real-World Asset (RWA) savings vault</a>. This vault enables users to gain exposure to U.S. Treasury yields, a move that highlights MANTRA’s capacity to integrate traditional financial assets with decentralized <a href="https://cryptoticker.io/en/what-is-blockchain/" rel="noopener noreferrer nofollow">blockchain infrastructure</a>, appealing to both crypto and traditional finance investors.
<h2 id="strong-mantra-om-price-analysis-of-this-year-s-surge-strong">MANTRA (OM) Price Analysis of This Year's Surge</h2>
As of November 19, 2024, MANTRA (OM) is ranked at #33 in the cryptocurrency market, reflecting its impressive rise from a lower rank earlier this year. The token's price performance over the past month has been nothing short of extraordinary, with a 206.47% increase in 7 days out of the 18678.90% surge since November 2023.
<a href="https://www.tradingview.com/symbols/OMUSD/?aff_id=127958" rel="noopener noreferrer nofollow">MANTRA's impressive performance</a> is largely driven by the overall bullish sentiment in the cryptocurrency market, as well as the platform's recent technical upgrades. The price of OM recently hit an all-time high of $4.47 almost triple its past ATH of $1.62 mid-October, but has since experienced a slight correction of -5.74% to its current price of $4.24. This pullback is common in volatile markets and may represent a natural price consolidation before the next leg of growth.
With a circulating supply of 901.18 million OM tokens out of a total supply of 1.79 billion, MANTRA’s tokenomics suggest that the scarcity factor, combined with increasing demand, could drive the price further upward. As more features and services are rolled out on the platform, including staking, lending, and governance, the utility of OM tokens could increase, potentially reducing the available supply and driving the price higher.
<figure class="image"><img style="aspect-ratio:1534/777;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_OMUSD_2024_11_19_1_Y_b822903bdb.png" alt="By TradingView - OMUSD_2024-11-19 (1Y)" width="1534" height="777">
 <figcaption><a href="https://www.tradingview.com/symbols/OMUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView - OMUSD_2024-11-19 (1Y)</a>
 </figcaption>
</figure>
<h2 id="strong-mantra-om-price-prediction-what-s-after-the-200-surge-strong">MANTRA (OM) Price Prediction: What’s After The 200% Surge?</h2>
Looking ahead, there are several factors that could influence the <a href="https://cryptoticker.io/en/token/price/OM-USD/" rel="noopener noreferrer nofollow">MANTRA (OM) price</a> in the coming months:
<h4>1. The Impact of Ongoing Developments</h4>
As MANTRA continues to expand its offerings and user base, particularly through its Vaults feature and partnerships like the one with Google Cloud, the growth trajectory for the token seems positive. DeFi adoption is likely to continue gaining momentum, and MANTRA’s ability to offer both traditional finance and blockchain-based financial products will likely keep it at the forefront of the DeFi space.
<h4>2. Price Trajectory: What Can Investors Expect?</h4>
Given the 7,170.45% year-to-date rise and the continued innovation within its ecosystem, MANTRA's price could experience additional bullish momentum. If the current trends continue, the OM token might see another push toward its previous all-time high of $4.47, with a potential to reach $5.00 or higher in the next 3-6 months, assuming positive market conditions and further partnerships.
However, investors should remain cautious, as the DeFi space can be volatile. Price corrections are typical, and broader market trends will play a key role in determining the future price movement.
<figure class="image"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_OMUSD_2024_11_19_All_552db2b1a0.png" alt="By TradingView - OMUSD_2024-11-19 (All)">
 <figcaption><a href="https://www.tradingview.com/symbols/OMUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView - OMUSD_2024-11-19 (All)</a>
 </figcaption>
</figure>
<h2 id="strong-mantra-om-leading-rwas-tokenization-strong">MANTRA (OM) Leading RWAs Tokenization</h2>
<a href="https://x.com/MANTRA_Chain" rel="noopener noreferrer nofollow">MANTRA (OM) has positioned itself as a prominent player</a> in the DeFi ecosystem, with its commitment to bridging traditional finance with blockchain technology, strong strategic partnerships, and a growing user base. With the recent price surge and the ongoing expansion of its ecosystem, MANTRA is well-positioned to continue its upward momentum in the cryptocurrency market.
As always, it’s essential for investors to conduct their own research and assess their risk tolerance before diving into any cryptocurrency. However, based on the current developments, MANTRA's future looks promising, and its continued integration of real-world assets could set the stage for even greater growth.

MANTRA (OM) Price Prediction: What’s After The 200% Surge?

Table of Contents

CryptoTicker ENG

Other articles published on Nov 19, 2024

Which is the Best Investment? Crypto Community Debates XRP vs XLM

Bitcoin Bull Novogratz: “We Are in Paradigm Shift”

China’s Supreme Court Publishes a Highly Important Statement on Cryptocurrencies

Bitcoin’s Soaring Price, Pro-Crypto Election Wins, and a Promising Future: Key Highlights from To...

Pi Network (PI) Updates, Ripple (XRP) and Cardano (ADA) Next Targets: Bits Recap Nov 19

Russia’s New Crypto Tax: 15% on Trading and Mining Income

Join our free newsletter for daily crypto updates!