The Mantra (OM) project combines the best strengths of fundamental factors and technical charts. Crypto is a lead player in RWA and has grown 61x in the last year. With the ever-growing demand for RWA, we expect OM to reach $1000 to $4000 levels by 2030.
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What is Mantra(OM)?
Mantra is an institutional grade Layer-1 blockchain built specifically for asset tokenization of Real World Assets (RWA) like stocks, bonds, digital gold, property, and other forms of movable and immovable assets.
Mantra had a price of $1.1 at press time.
Mantra Fundamental Analysis
RWA is one of the most promising sectors in crypto and is expected to reach a market size of $2 trillion by 2030. The current size of RWA markets is at $7 billion as per Forbes.
Mantra is a project at the forefront of this RWA revolution.
Not only it has its own Layer-1 chain but also is a compliance ready project. This helps Mantra reap the full benefits of the growth in the sector.
If we consider the same growth rate in Mantra as in the RWA sector, we arrive at an annual growth rate of about 300% per year. Going by this estimate, Mantra is expected to reach a price of $4000 (by CAGR method).
Technical Analysis
Mantra has been in an uptrend for the last 12 months. From $0.0186 to $1.10, the crypto has gained 6105% in the last year. Hence, it can be said that the crypto is one of the top gainers in the 2024 bull season.
Mantra made its all-time high just a month ago on 22 July 2024. Since then, it has corrected to $0.85 but has again regained above $1 last week. The crypto is just 20% away from creating a new all-time high.
Further, the bullishness in Mantra has still remained strong. The crypto looks to cross $1.15 in the next few days and start a fresh rally to $1.4 in the near term.
A look at the Mantra chart reveals that the price has remained between $0.85 and $1.16 since 02 Aug 2024. One attempt to cross the $1.16 barrier was made, but it was met with high selling.
However, given the current trend in OM’s RSI, which was near 60 at the press time, we soon expect OM to show an upmove followed by a sustained rally.
Further, the MACD is also in a positive crossover zone, which is very helpful in sustaining a bullish move.
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Mantra Price Prediction 2024 – 2030
In the short term, Mantra is expected to reach $5 – $10, and in the long term, we expect a price above $1000.
Price Prediction 2024
Based on strong technical charts and past performance, we expect Mantra to cross $5 in 2024. In a bull scenario, which might start later this month, Mantra might cross $25.
Price Prediction 2025
As the year is expected to bring a peak alt season, we expect OM to cross $100 by 2025. This is a continuation of the current uptrend.
Mantra has gained 61x in the past one year.
Price Prediction 2026 – 2029
The crypto is expected to grow between $300 and $500 between 2026 and 2029 based on strong on-chain growth, a high adoption rate, and a compliance-friendly platform.
Price Prediction 2030
In the long term, we expect Mantra to grow at a rate similar to that of the RWA sector. Even if OM mimics this growth rate and maintains the same market share, it may cross $1000 on its own.
However, if the regulatory environment becomes crypto-friendly in the near future, we expect Mantra to cross $4000 by 2030 (based on the RWA sector’s CAGR).
Understand why the crypto markets have always been volatile.
