Mantra, the real world asset (RWA) token, has been witnessing an uptick as it approaches $1. As its price retraces to lower levels, predictions bubble up around its potential growth. It has not only been identified as a good investment by experts but also saw its price surge by almost 100% in one day, pushing investors to include the token in their portfolios. A giveaway of $10,000 worth of Mantra by Binance Square further added fire to the demand.
Further fuelling the token's popularity, Mantra announced plans to give away 50 million tokens which resulted in its price reaching an all-time high. Investment in it is increasing as it inches towards an ambitious target of $2. Recently, it underwent a token strength test at $2, with a focus on the real world asset market.
Driven by the RWA tokenization ambition, the Mantra ecosystem has seen numerous collaborations, including Zand Bank, and bagged an investment of $11M from Middle East’s Shorooq Partners. Besides, a deal signed with MAG for tokenizing $500M in real estate assets stands testament to Mantra's growing influence in the RWA space. Furthermore, Mantra's Hongbai testnet that supports RWA tokenization has gone live, offering further credence to its claim in the RWA domain.
On the downside, it was criticised after being listed on Binance due to fraudulent backgrounds, but such allegations yet have to impact its steady climb in the crypto landscape.
MANTRA Token News Analytics from Tue, 25 Aug 2020 07:00:00 GMT to Tue, 27 Aug 2024 09:38:29 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor 5
