Date: Wed, Oct 02, 2024, 04:57 AM GMT
As October kicked off, the crypto market started strong, with prices turning green, but geopolitical tensions between Iran and Israel sparked panic selling. This sent Bitcoin sharply down to $61K, dragging most of the market with it into the red. However, one standout in the chaos is Mantra (OM), which is defying the broader bearish trend by trading in the green.
Mantra (OM) Surges Despite Market Dip
While most major altcoins have faced significant losses, Mantra (OM), a key player in the Real World Assets (RWA) narrative, has bucked the trend. Over the last 24 hours, OM has held its ground and risen by 2.29%, and over the past 30 days, it has climbed an impressive 45%.
All-Time High Soon?
The growing excitement around OM is largely fueled by its highly anticipated Mainnet launch this month. The launch of MANTRA Chain is expected to bring even more RWA partnerships into play, driving further demand for the OM token.
Currently, OM is trading at $1.27, after breaking past its key resistance level of $1.18. The next target for OM is $1.41, which marks its all-time high—just 10% away from its current price. With momentum building and major developments on the horizon, OM could very well reach a new all-time high soon.
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