Whenever there is a major decline in a token in the Crypto market, new expectations often take birth with a decline. Something similar has been seen with Mantra (OM) token. On April 14, Om Token traveled from $ 6 to $ 0.40, while its market cap also fell to about $ 5 billion. This major decline surprised the investors and the whole crypto community increased and there was one. Crypto trader lost $ 3.3m due to falling Om Coin ValueWhich further increased uncertainty in the community.
Although the decline was shocking, the indications that are being indicated by market experts and on-chanting data suggest that OM Coin can catch up again. Here we are looking at the 5 main reasons that indicate that OM Coin Value may see a boom again.
OM Coin can return to the market again, this is some signs
Strong Fundamentals in Tokanization of Real World Assets (RWA)
The main focus of Mantra is to talcate the real world assets (RWA), which is one of the fastest growing category of blockchain. The $ 1 billion partnership with Dubai’s Damac Group indicates that a big market for Mantra is being prepared in Middle East. Sharia-friendly and its technology that follows rules make it different from other RWA projects.
Communication with Transparency and Investors
Mantra’s team has appeared active soon after the fall. CEO JP Mullin clarified that this decline has not happened due to any internal cells, but due to the uncontained liquidation on the Centralized Exchange. At the same time, the team revived the Telegram channel and also examined the wallets which were suspected of insider trading. This transparency has brought some relief to investors.
Historically Strong and Market Potential
Om Token was performing well before the fall and in the last months it had given annual returns ranging from 100% to 3500%. Even after the fall, 200% recovery from $ 0.37 to $ 1.10 was seen. Which shows that OM Coin may return to the market despite a decline.
Institutional support and strategic partnership
Partnership with a large company like Damac can prove to be a big game Changer for Om Coin. If the Tokanization of Middle East’s $ 6 billion assets is successful, it may increase the demand for OM. Binance has also said that the reason for the decline was external liquidation, not the failure of the project. This indicates that CEXs are still looking at the possibilities in OM.
Market trends and oversold conditions
Crypto market has a cyclical patterns and often return after major decline. OM’s RSI (Relative Power Index) reached the “oversold” zone after the fall, indicating a possible reversal in technical analysis. In addition, the increasing popularity of Bitcoin ETF and Ethereum can also support Altcoin. At the same time, RWA -based tokens are becoming increasingly popular in regulated markets like UAE.
Conclusion
Om coin value The major decline has definitely shocked investors, but history witnesses that many tokens falling in the Crypto world have again reached the height. At the same time, Mantra’s strong technical base, transparent leadership, strategic partnership and market friendly conditions are indicating that OM Coin can be seen again. With these possibilities, it has once again become a token to keep an eye on investors.
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