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This Altcoin is Set to Continue the Bullish Trend After Explosive Gains

This Altcoin is Set to Continue the Bullish Trend After Explosive Gains

Cryptodnes2024/07/19 16:34
By:Cryptodnes

A popular crypto analyst is predicting continued growth for an altcoin that has already surged significantly over the past year.

In a recent update on X, crypto expert Michaël van de Poppe shared that Mantra (OM), a decentralized finance project, is poised for further gains.

Mantra is a vertically integrated blockchain ecosystem launched in 2020 that offers various financial services through its own blockchain.

Having already surged 2,800% this year, van de Poppe notes that OM recently hit an all-time high and is currently up about 30% from his previous update. He anticipates more growth for OM, especially with the increasing importance of real-world assets (RWA) in the market.

READ MORE:
Bitcoin and Ethereum Options Worth $1.8 Billion Set to Expire Today

Recently, Mantra secured a $500 million RWA deal with UAE developer MAG.

As of now, OM is trading at $1.29, up from $0.018 in August of the previous year.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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