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UMB/USDT is aiming at 100x in this crypto super cycleFibonacci overextension of 4.236 is giving us a price target of almost 7$. During the lowest low of this oracle network token, the price dipped down to 0.07$. During bullish time tokens with low market cap and strong fundamentals go through different scenarios. The one presented here is linear and steady grow based on the solid APY of almost 150% coming from staking for the next few months. The fist resistance level is technically at 0.236 fib and psychologically just below 0.5$. Overextending beyond the fibonacci of 4.236 is not unseen in the crypto world and it is regarded as a pump, printing a lambo candle on the chart.
ULong
by Shanomanqka
4
What is Olympus?Olympus is an algorithmic currency protocol based on the OHM token. It introduces unique economic and game-theoretic dynamics into the market through asset backing and protocol controlled value. How can I benefit from Olympus? The main benefit for stakers comes from supply growth. The protocol mints new OHM tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in OHM and thus the bonder's profit would depend on OHM price when the bond matures. Bonders benefit from a rising or static OHM price. Want more info? here! ...brutal.
OLong
by harribatu