OM Price Analysis: Bullish Momentum Pushes Toward All-Time High Ahead of MANTRA Mainnet

MANTRA has risen by 5% today, with the OM price hitting $1.12 on a day when the cryptocurrency market gains by 3% in the past 24 hours.

OM is now up by 4% in a week, 27% in a month and by a whopping 5,800% in a year, with the utility token awaiting the launch of the MANTRA mainnet.

This will now be happening in October, with MANTRA aiming to become “the preferred ledger of record for real-world assets.”

Given OM’s performance over the past year, the market certainly seems to believe that it has a very good chance of doing this, something which could boost its price even further in the long term.

OM Price Analysis: Bullish Momentum Pushes Toward All-Time High Ahead of MANTRA Mainnet

MANTRA is aiming to become a decentralized finance platform which will enable (institutional) investors to tokenize and trade real-world assets, such as stocks and real estate.

It will take a big step towards achieving this aim next month, when its mainnet will launch, and when OM will begin experiencing more demand as a utility and staking token.

🕉️ #MANTRA Brings Real-World Assets Onchain with #Mainnet Launch.

We’re thrilled to announce that the highly anticipated launch of the MANTRA Chain Mainnet will be coming in October 2024. 

🔥As part of MANTRA’s vision to become the preferred ledger of record for real-world… pic.twitter.com/AGkZ5Xe6R1

— MANTRA ✈️ TOKEN2049 🇸🇬 (@MANTRA_Chain) September 18, 2024

What’s encouraging is that MANTRA has been signing partnerships that are increasing its chances of success, including one in July with UAE-based real estate developer MAG.

Such partnerships put it in a good position to grow quickly once the mainnet is launched, with OM looking very good at the moment as an investment.

Its indicators are in a promising position, showing rising momentum that still has space to intensify before we enter overbought territory.

Its RSI (purple) has been climbing since Monday, and is now rising again after a little dip this morning.

Likewise, its 30-period moving average (orange) has been rising above its 200-period average (blue) since yesterday, following MANTRA’s announcement yesterday that the mainnet would be arriving next month.

It would therefore seem that the OM price has entered a period of growth, one which coincides nicely with the market’s recovery following yesterday’s rate cut.

And given that the market may be entering a more bullish phase, some analysts are beginning to predict big things for the OM price.

🚨Mantra $OM (daily). Absolutely ripping through the levels as we called it. Pullbacks will be gobbled up quickly. Next target $1.23, new all time high within days…🚀@MANTRA_Chain pic.twitter.com/3puLTqJx38

— DB (@dbdegn) September 19, 2024

It could easily reach $1.20 in the next few weeks, before ending the year at $1.40.

Diversification into Small-Cap Alts

OM isn’t the only promising alt in the market right now, with several smaller cap tokens looking particularly exciting.

Of particular note are several presale coins, with one of the most interesting right now is Crypto All-Stars (STARS), an Ethereum-based token that has raised an impressive $1.4 million in its sale.

Crypto All-Stars has attracted interest thanks to its unique fundamentals, offering a ‘MemeVault’ in which holders of all meme coins can stake their tokens.

By employing the ERC-1155 multi-token standard, Crypto All-Stars’ protocol can tokenize all existing meme coins.

This gives it a bigger addressable market, with users incentivized to hold STARS by virtue of the fact that holding the token will entitle stakers (of any other coin) to greater rewards.

STARS will come with a max supply of 42.069 billion, with 20% going to its presale and 25% going to staking rewards for people who stake STARS during the sale.

Investors can buy it now by going to the official Crypto All-Stars website, where STARS costs $0.0014535 per token.

Interested investors should act sooner rather than later, since not only will its presale price rise several more times before the sale ends, but the coin could rally big when it lists.

Buy STARS Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.