- Mantra (OM) surged by 40% in 2025, reaching $5.30, a significant increase from the start of the year.
- The addition of Republic as a validator has fueled Mantra’s rally, drawing interest from major crypto players.
- Focus on real-world asset tokenization positions Mantra to benefit from growing industry interest in blockchain-backed assets.
Mantra (OM) has shown remarkable growth, rising to $5.30 on Monday. The current share price stands approximately close to the highest point of $5.92 reached during the year which represents a 40% increase since January. OM has experienced a remarkable surge that exceeds 3,300% since the beginning of last year thus emerging as a leading performer among current cryptocurrencies.
.@RepublicCrypto has been added to the MANTRA Chain active validator set.
Republic’s experience in institutional grade staking infrastructure and fostering a vibrant investment community aligns perfectly with MANTRA’s mission to democratize access to tokenized RWAs.
We will… pic.twitter.com/5lo70efVmL
— MANTRA | Mainnet Live (@MANTRA_Chain) February 3, 2025
Bitcoin (BTC) together with most altcoins recorded price drops while OpenMind Capital experienced its upward movement on that day. The total market capitalization of cryptocurrencies declined by 8% until it reached $3.23 trillion. However, despite this overall downturn, Mantra continued its ascent. The rally is likely attributed to the addition of the Republic as a validator. Republic, which is supported by major players like Coinbase, Avalanche, Polygon, and Binance, provides validator services for several blockchain projects, including Sui, Near, and Mina Protocol.
Boost from Validator Addition
The inclusion of Republic has given Mantra a significant boost, allowing it to solidify its position in the growing crypto industry. Other top validators include Allnodes, Enigma, and QuantNode. Furthermore, OM’s price surge also coincided with a peak in futures open interest, reaching $422 million—just shy of its all-time high of $434 million.
Real-World Asset Tokenization Focus
Mantra has capitalized on the expanding interest in real-world asset tokenization. This sector is expected to experience significant growth shortly. The network has already made major strides by securing deals to tokenize real estate projects for Middle Eastern firms, MAG and DAMAC. These partnerships highlight Mantra’s increasing prominence in the tokenization space.
Mantra’s focus on real-world asset tokenization is gaining traction among Wall Street giants as well. Notable firms such as BlackRock and Franklin Templeton have made their moves into tokenized funds, further validating the sector’s potential. Mantra stands to benefit from this growing interest, positioning itself as a key player in the evolving market for real-world asset-backed tokens.
Technical Indicators Point to Further Growth
The daily chart of OM shows that the coin has maintained a strong bullish trend throughout 2024. The price recently broke above a significant resistance level at $4.611, marking the upper boundary of a bullish flag pattern. This pattern, which followed a vertical rally and a period of consolidation, was confirmed with a successful retest of the flag’s upper boundary. Additionally, the appearance of a bullish hammer candlestick suggests continued upward momentum for Mantra.
Given the current market dynamics and positive technical signals, the outlook for Mantra remains bullish. The next target for bulls is its all-time high of $5.90, with the psychological level of $10 also within reach.
Read the full article here