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

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.