MANTRA, a layer 1 blockchain project focused on the tokenisation of real-world assets (RWA), has reached a new all-time high for its token, OM. Officials say this milestone shows the platform’s growth and the expansion of its ecosystem. The recent surge in OM’s value is attributed to the anticipation surrounding the upcoming MANTRA 50 Million Token Giveaway event, which has garnered significant attention from investors and traders across the industry.
Strategic Moves and Partnerships Fuel MANTRA Unprecedented Growth – MANTRA 50 Million Token Giveaway
On July 16th, MANTRA announced its intention to launch season 2 of the MANTRA 50 Million Token Giveaway; the GenDrop commences on July 17th. The project invites interested participants to join the MANTRA.ZONE, to enjoy the giveaway, participants must complete tasks on the official page of the Galxe project to secure OM tokens.
Each token is priced at $0.7. The recent announcement has led to a wild surge in the value of the OM token, leading it to a $1.31 all-time high. Currently, OM’s price has increased by 16.5% within 24 hours, marking a growing interest and a growing bullish sentiment. Coins like Bitcoin (BTC) and Ethereum (ETH) have experienced surges that have fueled certain events in the crypto space.
The price of OM compared to Bitcoin (BTC) also experienced a considerable increase. OM/BTC has surged by 12.8% during the same period.
OM’s price movement has drawn the attention of renowned analysts in the crypto space. Crypto Tony, a pseudonymous analyst, shared his perspective on OM’s price action. “I am long as of $1.05 as had shared previously. Nice moves from the bulls here,” Crypto Tony posted on X (FKA Twitter).
MANTRA’s Strategic Partnerships and Expansion Plans
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MANTRA owes its remarkable growth mainly to strategic partnerships. In early July, Binance reported that MANTRA had partnered with MAG, a top real estate developer in the United Arab Emirates (UAE). This collaboration aims to actualize the tokenization of $500 million in real estate. The collaboration also seeks to offer secure and high-return investments and enhance innovation in real estate investment through tokenization.
According to news, MANTRA is set to expand its footprint in the UAE and Asian markets, taking advantage of the crypto-friendly regulatory frameworks in those regions. A spokesperson from MANTRA confirmed to BeInCrypto that the company is focused on changing various industries and investment opportunities through tokenization. The spokesperson remarked, “Tokenization and the efficiencies it will create are going to be seen in the most varied and, dare I say, unlikely of places. Many industries are going to be changed forever,”
Broader Industry Trends
A report published by McKinsey highlights the potential of tokenized financial assets. Underscoring MANTRA’s success, the report points out that the tokenized market could reach $2 trillion by 2030, driven by cash and deposits, mutual funds, bonds and securitizations.
The MANTRA 50 Million Token Giveaway is a key event that has,, without a doubt, played a significant role in enhancing the value of the OM token value. The event also attracts a larger participant base. With the MANTRA 50 Million Token Giveaway creating a buzz, MANTRA is well-positioned to take advantage of this momentum for further growth and expansion. The broader effect of this event may influence the prices of Bitcoin (BTC), Ethereum (ETH) and other altcoins.
Conclusion
The MANTRA 50 Million Token Giveaway plays an essential role in the OM price surge. The event has propelled the OM token to new heights, placing it side by side with top assists like Bitcoin (BTC) and Ethereum (ETH), and the increase in OM value has become even more significant. The stage is set for MANTRA to continue growing in the fast-changing blockchain and real-world asset tokenization space. MANTRA banks on its strategic partnership and initiatives like the MANTRA 50 Million Token Giveaway to maintain balance and momentum for further milestones to come. For all things crypto and blockchain-related, The BIT Journal remains the number one go-to site, keeping you updated on all recent developments.
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