OM Surges 13% Overnight, Nears All-Time High Amidst RWA Tokenization Boom

OM, the native token of MANTRA Chain, has reached a new high following a 13% overnight surge, slowly nearing its top. This significant price increase comes amidst growing interest in Real World Asset (RWA) tokenization, with major players like BlackRock and Robinhood betting on this emerging trend.

MANTRA Chain has emerged as a key player in the RWA space, driven by real-world adoption and strategic partnerships. Despite the volatility in the broader crypto market, OM continues to perform strongly, underpinned by tangible adoption and significant institutional support. The recent $1 billion tokenization deal between DAMAC and MANTRA further underscores the strong institutional momentum behind tokenization.

Technical analysis of OM's price action reveals clear signs of an uptrend, supported by several indicators. The token recently broke above a major trendline, suggesting further gains are on the horizon. Additionally, OM has consistently stayed above strong support levels, demonstrating resilience during market dips. The recent price surge confirms that bullish momentum is intact.

With a current price of $4.75, OM still has significant room to grow. A short-term target of $10+ is realistic, based on the performance of similar altcoins in the market. Looking ahead to the end of 2025, a target of $20 is possible, as many institutional-grade altcoins are reaching market caps above $20 billion. With OM currently at a $4.5 billion market cap, it is within reach, with the potential for more.

MANTRA's strong position in the rapidly growing RWA market, supported by significant partnerships and institutional backing, sets it up as a key player in the transition of traditional assets onto the blockchain. As the RWA market is expected to reach trillions and major institutions invest heavily, OM's breakout may be just beginning. A move above $10 soon is very likely, and a target of $20 by 2025 is a real possibility.