Competition in the layer-1 blockchain space has never been fiercer, with projects like $SUI and $OM making waves with their innovative strategies and rapid growth trajectories. While $SUI is currently priced at $3.75 and has a market cap of $10 billion, $OM is becoming a stealth player in the race thanks to its pioneering role in the tokenization of real-world assets (RWA).
After a staggering 210% gain in just 7 days and an 18,034% gain over the past year, $OM is not just another Layer-1 token, it is emerging as a market leader. With a current price of $4.3 and a market capitalization of $3.9 billion, $OM is rapidly climbing the rankings and is expected to break the $10 mark by the fourth quarter of 2024.
Weekly Price Analysis: Strong Bullish Signal
A closer look at the chart reveals continued institutional accumulation and strong support at $4.10. An RSI of 68 indicates upward momentum but is not overbought, while the volume profile highlights a systemic buying pattern consistent with early institutional positioning.
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Support levels: $4.10 and $3.80
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Resistance: The minimum historical resistance level above $5, paving the way for a significant price breakout.
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Trending: Methodical, stepped price action – a classic indicator of institutional accumulation.
What makes $OM different?
Unlike other Layer-1s that focus on gaming or the general DeFi ecosystem, $OM has carved out a unique niche in the blockchain market by becoming the leading RWA tokenization Layer-1.
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RWA Tokenization Dominance: MANTRA Chain is revolutionizing the way money market funds, private credit and institutional-grade investments are tokenized, unlocking a $10 trillion market opportunity.
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Institutional Partnerships: The partnership with Libre Capital and the acquisition of funding related to BlackRock underscore $OM’s commitment to compliance, scalability and institutional adoption.
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Mainnet Success: The launch of the MANTRA Chain mainnet and customized modules for RWA, regulatory compliance and multi-chain interoperability ensure a solid foundation for growth.
$OM and $SUI: Market Potential Analysis
Let’s compare the key metrics: At a $10 billion market cap, $OM will easily surpass $10 per token, positioning itself as the premier layer-1 blockchain for real-world assets (RWA) while satisfying both unique and the needs of rapidly expanding market segments.
The Road to $10 and the Top 20
Technical indicators and institutional adoption trends strongly suggest that $OM’s price is poised to rise significantly:
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Institutional momentum: Open interest (OI) continues to increase, and institutional investors continue to buy.
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First-mover advantage: $OM’s focus on RWA gives it a unique advantage over competitors in the evolving regulatory market.
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Minimum Upper Resistance: With minimal historical resistance above $5, $OM is primed to find upside price.
These factors put $OM on track to break out of the top 20 cryptocurrencies by market capitalization by Q4 2024, with the $10 target becoming realistic as adoption accelerates.
in conclusion
The MANTRA Chain ecosystem is at the forefront of the RWA revolution, with strong technical signals and institutional support. As a pioneer in this trillion-dollar market, $OM is gaining momentum at an unprecedented rate.
Given the current price of $4.3 and a clear path to $10 by Q4 2024, $OM’s rise to the top 20 seems inevitable.
Disclaimer: This article is for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
