Mantra price suffered a harsh reversal, falling by over 90% in the last few days. A token that was trading at $9.13 in February has plunged to $0.50, sparking fears that it may become a failed project like Terra Luna or Celsius.
Read more about OM trading at $0.50, its lowest level over a year, bringing its market cap to $500 million from a record high of $8.9 billion. This article explores some of the best Mantra rivals or alternatives in the Real World Asset (RWA) tokenization.
Chainlink (LINK)
Chainlink is one of the top Mantra rivals to buy and hold. It is a top blue-chip token with real utility in the crypto industry. It offers oracle solutions in the decentralized finance (DeFi) industry, where it connects off-chain data to the on-chain. Some of the top networks using its solutions are AAVE, Compound, and Uniswap.
Chainlink is also a potentially advantageous RWA altcoin to buy because of its solid partnerships with some of the top companies, such as UBS, ANZ Bank, Coinbase, and Emirates NBD, the biggest bank in the United Arab Emirates. Therefore, Chainlink’s price will likely continue to rise as more companies embrace its Cross-Chain Interoperability Protocol (CCiP) for RWA operations.
READ MORE: Chainlink Price Prediction: LINK Is a Coiled Spring Ready To Pounce
Ondo Finance (ONDO)
Ondo is another Mantra rival to buy. Its advantage is that it has formed a falling wedge pattern on the daily chart, pointing to an eventual recovery. It has even moved slightly above the upper side of the wedge, validating the bullish view.
Ondo Finance has a strong ecosystem as the total value locked (TVL) in the ecosystem has continued rising. It now has over $995 million in assets, mostly in its USDY and OUSG assets, which are tokenized funds that offer investors access to high returns. USDY and OUSG stablecoins yield over 4%, most of which comes from BUIDL.
Stellar (XLM)
Stellar Lumens (XLM) is another top Mantra rival or alternative to buy and hold. While it is known for its peer-to-peer payments, Stellar has also become a leading player in the RWA industry.
Its RWA credentials come from its partnership with Franklin Templeton, one of the biggest asset managers globally. Its Franklin OnChain U.S. Government Money Fund (FOBXX), which runs on Stellar, has attracted over $400 billion in assets under management.
Stellar is also a leading partner with Circle, the second-biggest stablecoin issuer in the world.
Quant, Maker, Pendle, and Algorand are the other top RWA altcoins to buy after the Mantra crash.
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