Mantra(OM) has been one of the fastest-growing cryptocurrencies with a solid track record. The crypto has gained 6402% in the last 12 months and could gain more if it crosses above $1.4, which is 2 cents below its ATH ($1.42 on July 22, 2024). If the crypto crosses this level, we can expect a price of $3 at least and $5 max within 2025.
Fundamentals
Mantra(OM) is a leader in Real World Assets with the largest market cap of $1 billion in a market worth $7.55 billion (13.3% market domination).
The RWA sector is expected to grow from $7.5 billion in October 2024 to $2 trillion at least by 2030. If the markets get more bullish, the market cap could reach around $4 trillion.
The primary growth comes from the increased tokenization trends in areas like Mutual Funds, Bonds, Loans, ETFs, Stocks, Alternative Fixed Income assets, Credit Default Swaps, Tokenized Metals, and a few other sectors.
Technical Analysis
In a previous technical analysis on Mantra (OM), I mentioned that the crypto might see a breakout above $1.6. The breakout has happened and the crypto has already gained 10% in the last couple of weeks.
The previous month’s gains were around 28.16% and the gains in the previous year were around 6402%.
Now, Mantra’s weekly charts show that there has been a positive breakout on the weekly charts on 30 Sep 2024. This breakout could see it gain $1.5 to $1.7 levels by the end of the year. Further, if the markets become supportive of the Altcoin Season, we could see Mantra cross $2 by the end of the year.
Looking further at its technical indicators, we can see that both momentum indicators, RSI and MACD have been extremely positive over the last week.
Relative Strength Index (RSI) is at 65 and it seems that this may soon break above the level of 70. Once it does, the crypto will see a much larger price momentum.
MACD on weekly charts has shown a positive crossover, which indicates that the short-term bullishness is larger than the long-term. A positive crossover in MACD is used to identify big breakouts. Usually, we have seen that the larger the chart timeframe, the stronger the breakout. Since the current crossover is on weekly charts, we might see OM seeing a surge in its bullishness till the end of the year.
2024 Price Prediction
We expect the current alt season to surge higher in Q4 (Oct-Dec) and as a result, Mantra (OM) could easily rise up to $2 levels or higher.
2025 Price Prediction
The end of 2025 could also possibly mark the end of the alt season. If the alt season is slightly bullish, it could take Mantra’s (OM) price towards $5. However, if the alt season supports strong growth in Mantra, like we saw in the past one year, it could see a surge towards $100 by the end of 2025 or early 2026.
2030 Price Prediction
In the long term, fundamental analysis shows that it could reach $173 levels. This is based on the assumption that Mantra (OM) keeps its market domination in the RWA sector.
Technical analysis puts its price around $100 by the year 2030 based on strong weekly charts in 2025 and an expectation of even stronger bitcoin and altcoin season in 2028 and 2029.