beincrypto.com
Altcoins are showing diverse movements across different sectors, with OM, ANIME, and $ELON each representing distinct market narratives.
While Real-World Asset player OM maintains steady growth with a $3.49 billion market cap and fresh institutional validation, newcomer ANIME faces early volatility despite backing from the Azuki team. Meanwhile, meme coin $ELON capitalizes on political sentiment, doubling in value amid Trump-related speculation.
Mantra (OM)
OM is one of the most relevant altcoins in the Real-World Assets (RWA) space, with a market cap of $3.49 billion. Its price is up 3.5% in the last 24 hours. It recently welcomed Ledger as a validator, signaling institutional confidence in its ecosystem.
Technical analysis shows strong upside potential for OM, with key resistance levels at $3.68, $3.89, and $3.98. A break above $3.68 could trigger increased momentum toward these higher targets.
On the other hand, support at $3.567 is fundamental for Mantra to maintain good momentum. If that support is lost, it could spark a downtrend, pushing the OM price down as the competition with other RWA altcoins intensifies.
Animecoin (ANIME)
ANIME is the native token of anime.xyz, a project backed by Azuki, one of the most successful NFT collections during the previous bull market. The platform aims to “revolutionize anime fandom by creating a decentralized creative network for its billion-strong global community“.
Despite significant initial interest, ANIME experienced substantial volatility in its early trading hours.
The coin’s market capitalization stands at $350 million, though it has declined 40% from its launch price in just six hours. It currently has over 10,000 unique holders and roughly 13,000 transactions recorded.
Dogelon Mars ($ELON)
Dogelon Mars ($ELON), a meme coin referencing Elon Musk, is surging with Donald Trump now in office. Musk’s perceived support of Trump has drawn fresh attention to Musk-themed coins, driving interest.
$ELON broke out of weeks of sideways trading on January 19, doubling in value within hours to hit its highest point since 2022.
A pullback could see $ELON test support at $0.0000001735. However, continued momentum could push prices toward $0.00000047, with the potential to reach $0.00000050 if the uptrend holds.