The cryptocurrency market often witnesses significant rallies and downtrends, but only the former leaves memorable experiences for investors. One such considerable rally happened when OM token price skyrocketed more than 3000% in the last one year, benefiting its holders significantly. However, one crypto investor stood out, who turned $378k into $50.64M, with a 900% surge in just 9 months. Let’s discuss how this happened and what’s coming next for this Mantra token.
Crypto Investor Profits $50.64M With OM Token Price Rally
Around nine months ago, a crypto investor (Magnifold Trading X handle) went big on the Mantra token, investing $387K. At that time, the investor bought 9.33M OM at an average value of $0.04. However, the OM token price rose high with time, surging by 900% in this interval and turning this investor’s holding into $50.64M profits.
Out of these, the crypto trader has already sold 4M tokens for $13.27M and is still holding the remaining. The Data Nerd Guy claims his profit on this overall investment would be $50.64M if he sells at the current Mantra price.
The trader has held his token for nine months despite OM hitting ATH just a few days ago. This long-term holding indicates his trust in the altcoin. With the same trust, his investment returns have become 134x. If he continues to hold and the price grows, his returns may grow even higher.
OM Token Price Rally: What’s Driving the Surge?
Mantra is the 22nd biggest cryptocurrency, with a market capitalization of $7.14B. However, the token has not always maintained a high stand, as its price struggled for years before making a breakthrough in 2024. With that, the OM token price rallied 3000%, with a 105% surge in the last month.
During this period, the Mantra token reached a new ATH of $7.95 four days ago and is currently trading at $7.33. This significant surge came with the token’s consistent growth, with the most recent milestone being acquiring the Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
This boosted Mantra token holders’ confidence, favoring a price rally. However, some analysts call this just the beginning before predicting a higher target.
Will the Mantra token Hit $15?
Most OM price predictions claim to see a further rally to the $15 target or higher after its recent milestones. Rache Crypto, a renowned crypto analyst, claims that the OM is moving per expectation, and if it continues, the next target would be $15.
Another analyst anticipates $20, but some restrict it to only $8.5. However, there are also signs of a short-term pullback, so investors must be cautious about trend changes.
Bottom Line
The Mantra token price rally is among the most bullish things seen in the market. However, analysts believe this is just the start. Some even anticipate a further rally or its positioning in the top 10 cryptos of the market. However, depending on various factors, that may or may not happen.
For now, the OM token price is $7.33 after facing short-term consolidation. However, despite that, it has made $50.64M for a crypto investor. The valuation will be higher if this investor doesn’t sell and the price increases.
The post OM Token Price Skyrockets 900% Here’s How Crypto Investor Turns $378K Into $50.64M appeared first on CoinGape.
