Will OM Price Hit $15 As Mantra Secures VASP License In Dubai?

Nynu V Jamal
February 19, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Here's How Crypto Traders Lost $400M With Mantra (OM) Massive Price Crash

Highlights

  • Mantra Finance has recently obtained a VASP license from Dubai's VARA.
  • The OM token has surged by nearly 100% over the last month.
  • As per analysts, OM price could reach $15 and even $20 in the near future.

Mantra Finance has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). In response to this significant milestone, the OM price has seen a notable uptick. Driven by this development, analysts remain bullish on OM’s future growth prospects.

Notably, this move enables Mantra to expand its operations to the UAE and MENA region as a licensed Virtual Asset Exchange.

Advertisement
Advertisement

OM Price Targets $15: Bullish Rebound on the Horizon?

Surprisingly, Mantra’s OM token is exhibiting a bullish rebound, surging by nearly 100% in a month. While Bitcoin is still trading below the $100k level, the OM price is eyeing notable gains.

In a recent X post, market expert Rachel Crypto predicted that the OM price would hit $15 in the near future. While Rachel Crypto asserts that the token is breaking out, many analysts have corroborated her remarks.

Analysts are increasingly bullish on OM’s price prospects. For instance, KCM predicts a modest yet promising target of $8.5. Meanwhile, Dexter takes a more optimistic stance, eyeing $10 as the token’s next milestone. However, Jane Bennet offers the most aggressive forecast, envisioning OM reaching a critical juncture at $20.

Advertisement
Advertisement

Mantra Finance Secures VASP License in Dubai

Notably, the OM price’s current uptrend and potential movements are triggered by Mantra Finance’s recent acquisition of the VASP license in Dubai. Reportedly, Mantra obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

Significantly, the license will enhance the platform’s global reach, enabling the launch of innovative financial products. It also facilitates the expansion of Mantra’s Middle Eastern operations, particularly in tokenizing real-world assets (RWAs).

Commenting on the milestone, Mantra CEO Patrick Mullin stated,

By establishing the most timely, comprehensive and built from-the-ground-up framework for virtual assets and Web3, Dubai and VARA have become world leaders in crypto regulation. This license was a crucial step for MANTRA and a key step in our journey towards global expansion.

This development follows crypto exchange Bitget’s recent acquisition of the VASP license from Bulgaria’s National Revenue Agency.

Advertisement
Advertisement

Bullish Frenzy: Will OM Join the Crypto Top 10?

As of press time, the OM token is trading at $7.52, up by 1.21%. On a weekly and monthly basis, the OM price has registered significant hikes of 30.5% and 100.5%, respectively. As per OM price prediction, the token has the potential to reach an impressive $10.10 in 2025.

Boasting a market cap of $7.38 billion, OM is ranked 22nd on CoinMarketCap. The current bullish momentum has strengthened analysts’ positive perspectives surrounding the token. Analysts like Bitt Belle maintain that OM is on track to enter the top 10 cryptocurrencies list.

Moreover, the 24-hour trading volume of $382 million, representing a 31% increase, serves as a clear indicator of the escalating investor sentiment. The prevailing upward momentum and growing market activity highlight the OM price’s possible market upswing.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Nynu V Jamal is a Senior Journalist at CoinGape. She boasts more than 3 years of experience in content writing, with expertise in crypto and blockchain. She has contributed to platforms like CoinEdition and CryptoTale, demonstrating her proficiency in navigating the dynamic crypto landscape. Beyond her journalistic pursuits, Nynu is a literary enthusiast, having served as an Assistant Professor of English Language and Literature. She is a Master's degree holder in English Literature and a UGC NET qualifier. Her academic background has enabled her to publish research papers on literature, while also nurturing her creative side as a published poet. Her creative side extends to music, crafts, and art, which she actively explores. Her unique blend of analytical and creative skills allows her to craft engaging stories that captivate audiences. Stay updated with Nynu on LinkedIn
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.