OM [Mantra] 2024's impressive performance attracts attention, will 2025 bring even greater changes?

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Mantra (OM) 2024's explosive growth in the cryptocurrency market: skyrocketing 8354.87%, but the overheated market may face a correction.

In the past year, Mantra (OM) has grown an astonishing 8354.87%, becoming one of the best-performing cryptocurrencies of 2024. From a low of $0.043 to a record high of $4.6, OM's performance has outpaced other tokens in the market, especially compared to Ethereum (ETH) and Bitcoin (BTC), outperforming them by 196.5 times and 67 times, respectively.

Mantra's outstanding performance: market recognition and demand growth.

According to data from Aphractal, Mantra's performance over the past year has significantly outperformed major cryptocurrencies, making it one of the most influential altcoins in the market. This growth indicates a strong market interest in blockchain technology that meets the integration of real assets and regulatory requirements, reflecting the continuous expansion of Mantra's ecosystem behind its strong growth.

The future of OM: overheated market, increased risk of correction.

Although OM's annual growth is remarkable, market indicators suggest that OM may face a correction. AMBCrypto's analysis points out that the current market for Mantra may already be overheated. According to the MVRV ratio Z score, while there has been a correction in the past week, it remains at a high level, indicating that the market value may be far above the actual value, which usually signals that prices may drop.

Additionally, technical indicators Stoch RSI and RVGI have both shown bearish crosses, further supporting the view that the market may enter a correction phase. The bearish cross of Stoch RSI indicates weakened upward momentum, while the bearish cross of RVGI further confirms the strengthening of bearish sentiment.

Potential trends for OM: price adjustment or rebound.

In the current market situation, OM may face a correction. If bears dominate the market, the price of OM may drop to $3.4, but if the annual growth trend remains strong, it may challenge the resistance level of $4.0 again, and even have a chance to break through again.

Overall, the future of OM is full of uncertainty, and investors need to be wary of the overheated market and rationally view the potential risks of correction.

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