Mantra Finance has reached a major turning point with Dubai’s virtual asset service provider (VASP) license given by the Virtual Asset Regulatory Authority (VARA). This license allows Mantra to expand its operations in the Middle East and North Africa (Mena) region. With this development, the price of OM Coin caught a strong acceleration, and investors are now wondering if token can reach $ 15.
Can OM Coin $ 15 reach its target?
Om Coin rejoices investors by registering more than 100 %rise in the last month. While Bitcoin is still under $ 100K, the upward movement in the OM price attracts attention. Analyst Rachel Crypto suggested that an OM price can reach $ 15 in the short term. Other market experts share a similar opinion. KCM predicted that the om price can reach $ 8.5, while the Dexter $ 10 level has set the target. However, Jane Bennet, who is the most aggressive estimate, claims that the om price can rise up to $ 20.
These positive estimates show that the token’s market momentum is strong. As the investor interest increases, the om price seems to be likely to maintain the upward movement.
Mantra received a vasp license from Dubai
The main reason for the latest price increase of Om Coin was Mantra Finance’s VASP license from Dubai. This license is considered an important part of Mantra’s global expansion plans.
Mantra CEO Patrick Mullin made the following statement by stating that the license is a critical step for the company:
Dubai and VARA have created the most comprehensive and innovative regulatory framework for virtual assets and web3. This license was one of the most important steps in Mantra’s global expansion journey.
In addition, the undergraduate mantra will accelerate the process of token your real world assets (RWA). This can increase the OM price even more by increasing the investor confidence.
Can it be between the top 10 cryptos?
Om Coin is currently traded at $ 7.52 and made an increase of 30.5 %on a weekly basis and 100.5 %on a monthly basis. The OM, which has a market value of $ 7.38 billion, currently ranks 22nd in CoinMarketcap. Analysts think that the OM can be between the top 10 crypto currencies if the rise trend continues. Analyst Bitt Belle says that the current market momentum can put OM among the largest subcoins.
In addition, the 24 -hour transaction volume increased by 31 %to $ 382 million. Increased transaction volume and rising price movements signal that the OM can experience a strong market rise. If the current momentum is preserved, OM Coin can make great gains for investors in the coming months.
