Mantra Network Plans
The Mantra price dropped 12% in the last 24 hours to trade for $0.1560 as of 6:30 a.m. EST time on trading volume that plunged 60%. It comes amid plans for the Mantra network to redevelop its project roadmap. The plan is that it aligns with the community’s desire to upgrade OM to the MANTRA Chain L1 token.
Prospects for AI and Real World Asset Tokens
In a recent report, Santiment analysts indicated that AI and Real World Assets (RWA) tokens would be the next market drivers.
Mantra’s Future in the RWA Sector
Mantra and its native token, OM, feature in the class, with BlackRock executive Larry Fink saying he believes in tokenizing real world assets. Meanwhile, the Mantra ecosystem continues to build an RWA-oriented chain with regulatory compliance.
Mantra Price Prognosis
The Mantra price is sitting on the support offered by the 78.6% Fibonacci level at $0.1558. A correction seems likely for the altcoin considering the OM token is already overbought, judging from the Relative Strength Index (RSI) position at 71. The histogram bars of the Moving Average Convergence Divergence (MACD) are also paling, showing a waning buying pressure among the bulls.
Trends to Look Out For
Elsewhere, analysts say eTukTuk is among the best crypto ICOs of 2024, and are optimistic it can outperform Bitcoin, Solana, and XRP this year. It’s a green crypto focusing on electric vehicles, with experts anticipating 10X on launch. eTukTuk is a revolutionary cryptocurrency project committed to helping Tuk Tuk drivers adopt a more energy-efficient mode of transportation.
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Hot Take: Promising Alternative To Mantra
eTukTuk offers a groundbreaking approach that aligns with the current trends in green technology and sustainable transport. The $TUK token encourages users to invest in a transformative and environmentally friendly crypto project with promising returns. Furthermore, the team behind eTukTuk has a clearly defined use case and concept for its project that could interest many crypto investors.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.