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

Altcoins MANTRA Price Prediction

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Author

Simon Chandler

Author

Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

September 19, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

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.

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.

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