Mantra's price has performed well since 2024, propelling it from a small cryptocurrency to one of the biggest players in the industry with a market capitalization of around $4 billion.

mantra (on) remained in a narrow range as it avoided the ongoing sell-off in the cryptocurrency industry. It was trading at $4, just a few points below its all-time high and 27,000% higher than its 2024 low.

The rise in OM price created significant wealth for early investors. According to Nansen, the most profitable investor made profits of more than $8.25 million. This investor currently has $7.3 million in unrealized gains and has already sold $940,000 worth of tokens. As shown below, this person started 2024 with just $106,000 worth of OM tokens, which has since ballooned to over $8.2 million.

The impressive price growth of Mantra can be attributed to its strategic position in the real-world asset tokenization sector. RWA enables users to tokenize physical assets such as real estate, making them tradable on blockchain networks.

On Thursday, Mantra announced a new partnership with Damac, a major real estate company that previously collaborated with Donald Trump. As part of this agreement, Damac's real estate assets will be tokenized and made available to the Mantra network. The company expects to tokenize assets worth approximately $1 billion through this partnership.

Mantra has made similar announcements before. Sign A Dealing with MAG partnersa large real estate company that tokenizes real estate assets worth $500 million. The company too In partnership with Lipper Capital To facilitate tokenized money market funds.

To further enhance its ecosystem, Mantra launched Mantra Chain, a top-tier network focused on building tokenized assets. Users can share their tokens on the Mantra mainnet and earn KARMA tokens by completing various tasks.

Technicians point out that Mantra price has a greater upside

The daily chart indicates that OM has performed strongly in recent months, consolidating over the past two months to form a bullish pennant pattern. This pattern, which consists of a vertical rise followed by a symmetrical triangle, usually indicates the potential for further gains.

Mantra price remains firm above the 50-day moving average, indicating that the bullish momentum is intact. The most likely scenario is a bounce to retest the all-time high at $4.62. A successful breakout above this level could open the door to further gains, which could push the token to $5.