MANTRA Mainnet Launch: A New Era for RWA Tokenization and OMUSD Surge

MANTRA is a security-first RWA Layer 1 Blockchain, capable of adherence and enforcement of real-world regulatory requirements. Built for Institutions and Developers, MANTRA is a Permissionless Blockchain for Permissioned applications. 

Built using Cosmos SDK, IBC compatible, with CosmWasm supported.

MANTRA has partnered with UAE real estate firm MAG to tokenize $500 million in real estate assets, aiming to make premium properties more accessible through secure, yield-bearing vault products. This initiative enhances MANTRA's footprint in the real-world asset (RWA) sector and opens up new investment opportunities in the Middle East. On October 23, 2024, MANTRA launched its Mainnet, a major milestone that positions it as a Layer 1 blockchain focused on integrating RWAs with digital finance. This development bridges traditional finance and blockchain technology, facilitating smoother asset tokenization.

Any weekly close above $1.65 confirms further bullishness.

OMUSD surged nearly 20% after a massive sell-off.It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a low of $1.4650 and is currently trading around $1.38913.

The bullish invalidation can happen if the pair closes below $0.580. On the lower side, the near-term support is $1.20. Any break below targets $0.80/$0.58. Any breach below $0.58 targets $0.30.

The pair's near-term resistance is around $1.65. Any breach above confirms minor bullishness. A jump to $1.80/$2.25 is possible. A surge past $2.25 will take it to $3.

.

 It is good to buy on dips around $1 with SL around $0.80 for TP of $1.50/$1.75.