OlympusDAO Fundamentals Explode, How OHM Holders Will Benefit
In only three weeks OlympusDAO native token OHM has gone from $812 to $1639, at the time of writing. In the 30-day chart, the token has a 74.2% profit and a 55% profit in the 7-day chart. The protocol’s fundamental continues growing at an impressive pace and could yield further gains. Data shared by the […]
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In 2021, Ethereum based OlympusDAO and its native token OHM exploded as the protocol onboarded new users seeking to leverage its high annual percentage yield (APY). At its peak, the price of OHM went from $330 to an all time high of $1,639, but the asset seems to be on a downward trend since October last year. Related Reading | Why This Token Thrives With A 38% Profit While Bitcoin And Ethereum Bleed According to Wu Blockchain, a OlympusDAO Whale triggered a cascade of liquidations on the protocol during today’s trading session. This led to a 44% crash in OHM’s price within an hour.....
Taking the market by storm, OlympusDAO’s native OHM is up 95.8% this week alone and 31.1% in the past two weeks. At the time of writing, OHM is trading at $812,76 with 7.3% profits in the 24-hour chart. With a market cap of just $68 million, OlympusDAO might have gone unnoticed by many investors. However, […]
Ethereum-based ERC tokens have consistently remained strong throughout the crypto winter. Projects created using the ERC standard benefit from high levels of security and decentralization as well as Ethererum’s large user base. However, with there being hundreds of ERC projects on the market, finding one set to explode can be quite troublesome. Throughout this article, […]
OlympusDAO, a decentralized reserve currency protocol launched in May last year, was the target of a cyber attack that led to the siphoning of 30,000 OHM tokens valued at about $300,000. Blockchain security analytics firm PeckShield shared some information about the hack, saying there was an error in the protocol’s smart contract bonds that was […]
Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....