The price of Mantra (OM) today is $1.28, with a 24-hour trading volume of around $81 million. According to CMC, Mantra’s OM token has risen 20% in the last 24 hours. This surge came in anticipation of the upcoming community giveaway that will distribute 50 million OM tokens to participants of the MANTRA ZONE.
Users can earn a share of the 50 million OM tokens as they climb the ranks through quests, missions, and multipliers. While the tasks are on the MANTRA Zone platform, users can also complete tasks posted on the project page in Galxe to earn additional OM coins.
MANTRA (OM) price rallies 20%
After finding support at $1, OM continues to go up as the coin is being traded actively. Based on Bitcoin’s price performance, bulls expect it to reach $1.48 sooner.
OM has surged nearly 27% in the past week, and its returns over the past six months have been 1390%. Moving averages indicate a strong buy. If OM breaks through resistance at $1.37, it could target $1.70, which would substantially increase. The patterns are bullish overall, suggesting significant gains for short—and long-term traders.
Mantra is a highly secure RWA Layer 1 Blockchain that can adhere to and enforce all effective regulatory requirements. It was developed for institutional users and provides a permissionless blockchain for permission-based uses.
Mantra was built using the Cosmos SDK. It is compatible with IBC and supports CosmWasm. Secured via an autonomous PoS validator set, it can scale up to 10,000 TPS and features built-in modules, SDKs, and APIs to create, manage, and trade regulatory-compliant RWAs.
The blockchain alleviates the onboarding of non-native users and institutions to the Web3 sphere. At the time of writing, whales hold 76.24% of all OM in circulation.
Notably, MANTRA and MAG, a leading UAE real estate developer, announced a major partnership on July 3. The collaboration involves tokenizing MAG’s real estate portfolio, valued at $500 million. This marks a crucial milestone in the tokenized real estate asset industry worldwide.
