Mantra Price Prediction: Anticipating a 7,035% Surge in 2024

2024-11-28

Mantra Price Prediction: Anticipating a 7,035% Surge in 2024 image 0

Mantra price is anticipating a 7,035% Surge in 2024. Mantra (OM) has defied gravity with an astronomical 200% surge within 7 days. This spectacular rise propelled Mantra to a new all-time high of $4.47 on November 18th, 2024, leaving investors and analysts alike wondering what's fueling this incredible momentum.

You will find out the answer right here. This article will guide you through the driving forces behind Mantra's remarkable uptick, offer a concise overview of Mantra itself, and explore the token's potential trajectory in the future.


Mantra price: Key Factors driving OM's 200% surge

Mantra's recent price explosion is attributed to many factors, including strategic initiatives, exciting developments, and a growing awareness of the platform's potential. Here are the key factors driving the remarkable surge in the price of OM.


1. GenDrop airdrop initiative

The announcement of Mantra's GenDrop airdrop on November 15th, 2024, injected a significant dose of excitement into the community. This project rewards users for actively engaging with the Mantra ecosystem, such as bridging tokens from ERC20 to the Mantra chain.

Plus, the initial lack of clarity about GenDrop's eligibility criteria fueled speculation and FOMO. The airdrop may target certain groups like Mantra NFT holders, Pudgy Penguins NFT holders, and Galxe Seasons participants. This element of mystery and exclusivity further amplified the demand for OM.


2. Strategic partnerships

Besides the GenDrop airdrop, Mantra is actively forging strategic partnerships and rolling out innovative features. One notable partnership is with Google Cloud, disclosed in late October 2024. This relationship offers Mantra a strong blockchain infrastructure, boosting its scalability and security.

The launch of Mantra's Vaults has also broadened the platform's appeal. Vaults enable crypto investors to diversify their portfolios by staking stablecoins like USDT. This new feature gives customers a simple and safe way to engage in the DeFi space, thereby further consolidating Mantra's market position.


3. Real-world asset (RWA) integration

Mantra’s partnership with Ondo to create a Real-World Asset (RWA) savings vault is another testament to bridge the gap between traditional finance and blockchain technology.

With this vault, users can now access U.S. Treasury yields through the blockchain, thus merging the stability of traditional assets with the accessibility of decentralized finance.

Mantra Price Prediction: Anticipating a 7,035% Surge in 2024 image 1

Source: Bitget Wallet


What is Mantra (OM) token?

Launched in 2020, Mantra is well-known for its open and honest approach to crypto trading, fund-building, and innovation. This vertically-integrated blockchain aims to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi), making crypto accessible, secure, and user-friendly for everyone.

Mantra is growing into a comprehensive ecosystem, sometimes known as the OMniverse. There are four interconnected layers in this ecosystem, namely Mantra Nodes, Mantra Chain, Mantra Finance, and Mantra DAO. Together, they create a robust platform for users to engage with the evolving DeFi world.

Like other blockchain projects, Mantra also has a native utility token whose ticker is OM. It has several key functions as follows:

  • Governance:
    OM holders can participate in governance votes, propose changes, and influence the direction of the platform.

  • Staking:
    Staking OM allows users to earn passive income and contribute to the security of the network.

  • DAO token access and airdrop incentives:
    OM stakers gain exclusive access to new DAO token issuances and airdrops from partner projects.

You can safely store and manage this amazing Mantra token in your Bitget Wallet. But before that, you will need to buy it. Keep on reading to learn this easy process.

 Learn More about Mantra (OM) on Bitget Wallet  


What's  driving investors' confidence in Mantra?

Beyond the hype and recent price action, several fundamental factors are contributing to growing investor confidence in Mantra:

  • Bridging TradFi and DeFi:
    Mantra's focus on connecting traditional finance with blockchain technology is a unique selling point. This helps broaden its potential user base and positions it as a leader in the converging worlds of finance.

  • Strong community and governance:
    Mantra's emphasis on community involvement and transparent governance fosters trust and loyalty.

    The Mantra DAO empowers OM token holders to actively participate in shaping the platform's future, creating a sense of shared ownership and responsibility.

  • RWA leadership:
    Mantra's pioneering efforts in the RWA space are attracting significant attention. As the tokenization of real-world assets gains traction, this leadership role is likely to attract further investment and contribute to the platform's continued growth.


How to Buy Mantra (OM)?

If you are eager to jump on the Mantra bandwagon and grab some OM tokens for yourself, the following guide is a must-read. Simply follow the below steps to lay your hands on the Mantra token:


Step 1:
Acquire USDT

Use Bitget Wallet's OTC service to purchase USDT with fiat currency. This multi-chain wallet accepts various payment methods, including ApplePay, GooglePay, and credit cards.


Step 2: Swap for OM

Once you have USDT in your Bitget Wallet, navigate to the "Swap" feature. Select USDT as the token you want to swap from and OM as the token you want to swap to. Enter the desired amount and confirm the transaction.


Step 3: You’re all set

The swapped OM tokens will appear in your Bitget Wallet, ready for you to hold, stake, or use within the Mantra ecosystem.

With just a few simple steps above, you can buy the Mantra token (OM) in minutes. Consider using a secure and user-friendly crypto wallet like Bitget Wallet to manage your Mantra tokens now!

 Download Bitget Wallet

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