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

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.

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

$OM has announced a $500M Tokenization deal with UAE developer MAG.

This news has led to a new all-time high, while the RWA narrative starts to pick up momentum.

More than 90% in circulation.

As long as $0.85 holds, I’m expecting upward continuation on the chart. pic.twitter.com/2Tx7UXFNic

— Michaël van de Poppe (@CryptoMichNL) July 12, 2024

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

Alexander Stefanov