Mantra price set a new all-time high by reaching $7,95 on February 15. This new milestone was fueled by the cryptocurrency’s strategic partnership with DAMAC Group.
On Feb. 15, the price of Mantra (OM) hit a new all-time high (ATH), according to data from CoinMarketCap. The platform shows that the price of OM reached $7,95 per unit, after a 47% increase. This achievement marks a significant milestone for the cryptocurrency, which has been gaining ground in the blockchain ecosystem thanks to its innovative approach and bold business strategies.
As mentioned, one of the key factors that has driven this growth is its recent partnership with DAMAC Group, a luxury real estate giant based in Dubai.
Mantra is a cryptocurrency designed to offer practical solutions in the financial space, which has managed to distinguish itself in a highly competitive market. Its technological structure and focus on the mass adoption of blockchain technology have attracted not only investors, but also companies looking to innovate in their business models. With this new record, Mantra continues to consolidate itself as one of the most promising cryptocurrencies of the moment.
What is Mantra and what is its purpose?
Built on the Cosmos SDK, Mantra emerges as an innovative blockchain designed to transform how institutions interact with digital assets. With a focus on real-world asset tokenization, usability, and regulatory compliance, it has established itself as an essential tool for businesses and individuals. Its permissionless protocol enables institutions and developers to build permissioned applications that meet real-world regulatory requirements, thus standing out in the blockchain ecosystem.
Mantra currently ranks 22nd among the most capitalized cryptocurrencies in the market, with a total valuation of $7.230 billion.
BUY MANTRA (OM)In the past week, Mantra's market capitalization has grown by around 40%, while its daily trading volume has exceeded $780 million. In the past week, this trading volume with the cryptocurrency has increased by 240%, according to data consulted on the platform.
Source: CoinMarketCap
What drove the price of Mantra (OM)?
Mantra's price has seen significant growth in recent days, and several factors have contributed to this rise. One of the most notable is its partnership with DAMAC Group, a luxury real estate conglomerate that has announced plans to Tokenize Your High-End Properties in Dubai on the Mantra Blockchain.
This association This is not only a strategic move for Mantra, but also represents a significant step towards institutional adoption of cryptocurrencies and tokenized assets. DAMAC Group, with its long history in the luxury real estate market, is among the first companies of its caliber to adopt a blockchain to drive the adoption of RWA assets through fractional ownership and real estate tokenization in the Middle East.
LINK CARD AND EARNAmira Sajwani, General Manager, Sales and Development, DAMAC, said the firm is always exploring new technologies to enhance its product offering and the partnership with Mantra is a natural extension of its commitment to innovation and forward-thinking solutions.
“Tokenizing our assets will provide investors with a safe, transparent and convenient way to access a wide range of investment opportunities”, Sajwani stressed.
Another key factor in the current growth of cryptocurrency is the Republic integration into its validator network. On X, the blockchain developers highlighted that this addition will allow the network to leverage Republic’s expertise in institutional-grade staking infrastructure to foster a vibrant investment community that aligns perfectly with its mission of democratizing access to tokenized RWA. Vault Staking, Polkachu, Stakecito, and more have also joined Mantra’s validator network alongside Republic.
Finally, Mantra's growth is also due to the Consensus expectations, one of the most important conferences in the crypto world, which starts on February 18 in Hong Kong. The blockchain developers confirmed their participation in this event, in which a series of important announcements are expected.
In conclusion, Mantra’s (OM) new all-time high reflects not only its strength in the market, but also its potential for continued growth in the future. The partnership with DAMAC Group, the integration of Republic into its validator network, and its participation in Consensus are a reflection of the importance of this blockchain project and the value it brings to its community of users and investors.
PREPARE YOUR WALLETInvesting in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
