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Alert with MANTRA (OM): Is it overbought and about to correct? 🚨📊
The situation with MANTRA (OM) is more interesting than the final episode of your favorite series because it has it all: potential to explode, but also a few cautionary warnings that we cannot ignore.
Let's break down the core of the matter. On one hand, MANTRA is betting big on Real World Assets (RWA), which basically means bringing things like properties or crops into the digital world with tokens. Imagine the size of that: the RWA market is projected to skyrocket to about $16 trillion! 🤯 If MANTRA positions itself well there, we could see it soar. Additionally, they burned 300 million OM tokens, which is 16.5% of their total supply! 🔥 And the CEO of MANTRA burned 150 million tokens from their own wallets. This boosts the project's credibility, showing they are serious. If you add that they are now allied with Google Cloud to improve access for developers and that they are working with Dimitra to tokenize agricultural assets worth millions, the outlook looks promising. Those are moves that can give it a boost.
Let's break down the core of the matter. On one hand, MANTRA is betting big on Real World Assets (RWA), which basically means bringing things like properties or crops into the digital world with tokens. Imagine the size of that: the RWA market is projected to skyrocket to about $16 trillion! 🤯 If MANTRA positions itself well there, we could see it soar. Additionally, they burned 300 million OM tokens, which is 16.5% of their total supply! 🔥 And the CEO of MANTRA burned 150 million tokens from their own wallets. This boosts the project's credibility, showing they are serious. If you add that they are now allied with Google Cloud to improve access for developers and that they are working with Dimitra to tokenize agricultural assets worth millions, the outlook looks promising. Those are moves that can give it a boost.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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