Mantra (OM) Spikes 40%to meet new ATH: Why is that on the token?
Mantra (OM) Spikes 40%to meet new ATH: Why is that on the token?
- Mantra Price rose to a new all -time high of 5.87 USD on January 30th
- In the winning, Mantra was one of the best performers on this day, with open interest turned by 37%.
- om has increased since Mantra has concluded a tokenization contract of $ 1 billion with the Damac Group in Dubai.
mantra (OM) rose sharply on Thursday to develop as the greatest profit among the 100 largest cryptocurrencies after market capitalization. With an intraday increase of over 40% at the same time, the digital asset opposed the slow market to achieve a new all-time high of $ 5.87.
While the OM Prize has easily withdrawn to 5.59 US dollars at the time of writing, the mantra today remains one of the best performers in crypto.
in the last 24 hours in the last 24 hours
only Jasmycoin, which has increased by more than 25% in the last 24 hours, exceeds OM among the top 100 coins. Mantra occupies 28th place, while Jasmy is currently taking 69th place with a market capitalization of 1.57 billion US dollars.
Why does the mantra price increase today?
According to the data from Coinmarketcap, Mantra recorded a daily volume of 214% -which was $ 497 million at the time of writing. Mantra's market capitalization was 5.35 billion US dollars.
While the mantra rose to 106,000 US dollars on Thursday in the middle of Bitcoin, the likely catalyst for the increased dynamics for OM seems to be the latest partnership -Damac group.
The focus of this cooperation is the tokenization of real assets. In particular, it is about real estate and Damac's traction in Dubai ensures tempting adoption prospects.
with a real asset of up to $ 1 billion in the context of Damac, it has never been so bullish for OM. The entire asset toking room is also decisive, including other RWA token.
The RWA market capitalization rose by 11% to over 40 billion US dollars, whereby Ondo Finance, XDC Network and Quant among the top winners.
Source: Coinlist.me