Prices and future interest futures beating ATH: Can the boom last?

Mantra, a pioneering network in Blockchain, continued to symbolize assets in the real world, its strong momentum in January.

Taliah (whetherThe currency jumped to a record level of $ 5.92 We expected. It increased by 45 % in January, with a peak of $ 5.9232, thus increasing the market value to more than $ 5.3 billion. The code has now increased to about 40,000 % of the lowest point in 2023.

It was mostly a talisman in January because of it Partnership with DamacOne of the largest real estate companies in Dubai. Under the agreement, DAMAC will provide one billion dollars with its real estate amount.

The successful implementation of this project may lead to similar deals in the real estate sector, which is expected to see significant growth in the distinctive symbol. some Analysts Estimate that the real estate code market can reach $ 3.2 trillion by 2030.

The financial services industry is another sector that is preparing for the distinctive symbol. It has already attracted money like Blackrock's Buidl and Franklin Templeton Fobxx already $ 1 billion of assets.

Larry Fink, CEO of Blackrock, urged the Securities and Stock Exchange Committee to agree to the stock and bond symbol. This step can open an enormous chance, as the number of global stock markets is total of $ 115 trillion, with the largest bond market.

With the expansion of the distinctive symbol, the talisman is in a good position to benefit, with it Mantraachain It aims to become the leading Layer-1 network for the sector.

The rise in talisman prices coincided with a sharp increase in the open interest of futures. The data indicates that the open interest in OM's futures reached the highest level ever at $ 450 million on Thursday.

An open attention talisman
Om future open interest Source: Coinglass

Analysis of a talisman price

The price of a talisman
A talisman price scheme source: Crypto.News

The om symbol has witnessed a rise in the meteorite over the past few years, as it climbed from zero to nearly $ 6. Between November and January, a bullish shepherd style formed a widely recognized continuing signal, characterized by a long vertical gathering followed by a similar triangle.

A talisman has now broken over the upper limits of the flag. In addition, the average trend index has risen to 30, its highest level since December. ADX above 25 Reading indicates a powerful momentum in the original.

Therefore, the talisman is likely to decline to $ 4.50, the upper limits of the flag, before resuming its upward direction. This style of collapse and restoration is a continuing preparation that is commonly observed. In the long run, the price of a talisman may rise to $ 10.



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