DAMAC Group Partners with MANTRA Blockchain
The Dubai-based DAMAC Group has partnered with MANTRA Blockchain to tokenize more than $1 billion worth of assets, including real estate and data centers. The initiative turns ownership rights into digital tokens that can be traded online, thus making investments more accessible and liquid in the UAE. It also enables fractional ownership, which aids investors in diversifying their portfolios. This further reiterates the interest of the UAE in becoming a leader in digital assets and blockchain. Friendly regulations have been witnessed, and numerous companies are seen flocking into this region for being utilized to leverage blockchain in traditional finance. The tokenized DAMAC assets will launch on the MANTRA chain in early 2025 and would be seen as a leap into real estate sector finance.
Whale Activity Boosts MANTRA (OM)
Quite recently, whale activity in Mantra (OM) has come out booming after a major player moved 300,000 OM tokens valued at a little over $1.48 million into Binance. Price had gained 33.8% and set a new all-time high at $5. This started more than 700 percent trading volume in Mantra as investors started speculating over possible sell-offs. As of January 31, 2025, OM trades at around $4.42 with an attractive staking yield of 5.74%. Optimistic analysts believe that the token may touch between $8 and $12 by the end of 2025 due to the ongoing partnership and asset tokenization trends.
Trading Performance and Indicators
Any weekly close above $6 confirms further bullishness.
OMUSD surged more than 85% in the past five days. It holds above the short-term (34 and 55 EMA) and above the long-term moving average. It hit an intraday high of $5.91 and is currently trading around $5.62.
The bullish invalidation can happen if the pair closes below $2.50. On the lower side, the near-term support is $5.25. Any break below targets $4.85/$4.22/$3.25/$2.78/$2.50. Any breach below $2.50 targets $1.88.
The pair's near-term resistance is around $6. Any breach above confirms minor bullishness. A jump to $7/$8 is possible. A surge past $8 will take it to $10.
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It is good to buy on dips around $4.85 with SL around $3 for TP of $10.


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