Mantra (OM) continued to increase in value against declining cryptocurrency markets on Monday by reaching $5.30 following broad market declines. The market made a surge while Bitcoin and most alternative coins experienced significant price drops because of reports regarding former U.S. President Donald Trump’s proposed duties.
A collapse occurred across the crypto market as the combined market capitalization decreased by 8% to reach $3.23 trillion. Mantra stands as a prospering cryptocurrency even during downside markets and its value increased by more than 3300% throughout the previous twelve months. The present market valuation positions Mantra slightly below its 2024 year-high mark of $5.92 yet the token maintains a value 40% above its original opening price for this year.
.@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
Mantra’s Surge Amid Market Slump
The rally intensified because Republic brought its position as a validator to Mantra resulting in this industry player’s direct participation. The validator services of Republic support various blockchains through its partnership with Coinbase and other companies such as Avalanche, Polygon and Binance while serving Sui, Near and Mina Protocol networks. Additional validators on the Mantra network include Allnodes and Enigma and QuantNode.
The surge in futures open interest approached its highest-ever at $422 million and maintained a level just below this peak indicating that investor trust was increasing.
Real-world asset tokenization leadership stands as Mantra’s primary strength as the company finalizes partnerships through Middle Eastern real estate corporations MAG and DAMAC for property project tokenization.
Traditional financial institutions have demonstrated major interest in tokenization by supporting BlackRock in launching the BUIDL fund that holds more than $500 million in assets. The asset management company Franklin Templeton launched a $400 million fund through their partnership with Stellar while Apollo Global established new funding operations with tokenized approach.
Throughout 2024 Mantra has displayed technical strength through its continuous upward movement. The token recently exceeded previous critical resistance at $4.611 which defined the upper area of its bullish flag pattern extending from November through January.
Since its break-and-retest formation the token has shown signs of continuing to rise. The bullish hammer candlestick pattern together with other data points strengthens the predictions for price increases.
Analysts predict OM will rally toward its previous record-high value at $5.90 before attempting to reach the $10 mark within the upcoming months.
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