The native OM token reached $0.89 on Thursday, marking significant gains after a major platform milestone. These gains helped MANTRA recover most of the losses it suffered when the altcoin dropped to $0.68 the previous day.
This surge in token value was attributed to a key partnership announcement made by MANTRA on July 3 with MAG Group Holding, a real estate giant based in the United Arab Emirates. As a result of this partnership, investors can expect to earn yields in stablecoins and the native token OM.
Since the news of the partnership, the value of the OM token has continued to rise and has consistently outpaced the top 100 cryptocurrencies by market cap, according to CoinMarketCap. MANTRA is currently the top gainer, surpassing Pendle (PENDLE) and Safe (SAFE), both of which have gained less than 2% in the past 24 hours.
With the current value of OM hovering near $0.80, it is anticipated that the token may reach a new all-time high if bullish market conditions persist.