Olympus Coin: A Worthy Investment Or Risky Gamble?

OlympusDAO is a cryptocurrency project with its own token, $OHM. It is currently ranked around #2200 on CoinMarketCap and is selling at a price of $600. OlympusDAO aims to create a non-pegged stablecoin called OHM, which is supposed to be an algorithmic reserve currency backed by other decentralised assets. Each OHM is backed by 1 DAI, and because the treasury backs every OHM with at least 1 DAI, the protocol would buy back and burn OHM when it trades below 1 DAI. This has the effect of pushing the OHM price back up to 1 DAI. The project has a large community with active members, and the token has an incredibly high APY of over 7,500% per year. However, there are also some red flags to consider, such as the anonymity of its creators and the lack of serious partnerships or endorsements from large players in the cryptosphere.

OlympusDAO's anonymous creators

The creators of OlympusDAO, "Zeus" and "Apollo", are pseudonymous and anonymous. The OlympusDAO website states that it was "ideated" by Zeus and built by a distributed pseudo-anonymous team. While some community members and protocol workers have revealed their identities, the main creators remain anonymous.

In April 2022, a lawsuit was filed in the U.S. District Court for Connecticut, alleging that the co-founders of OlympusDAO cheated an early funder, Australian investor Jason Liang, out of nearly 4 million OHM tokens, worth at least $20 million. The lawsuit claims to have unmasked 'Apollo' as a Connecticut resident named Daniel Bara. According to the lawsuit, Liang agreed to promote OlympusDAO and paid $50,000 in DAI stablecoin in exchange for 4 million pOHM, a precursor to OHM. Liang alleges that after he started selling some of his Olympus tokens, the Olympus team punished him by rendering inoperable the smart contracts enabling him to redeem pOHM for OHM.

The ability of the Olympus team to interfere with smart contract functionality undermines claims that the project is decentralized. Liang's lawsuit suggests that the pseudonymity of DAO creators can be used to avoid liability and make it difficult for investors to pursue legal action.

Olympus' current price

The current price of Olympus (OHM) is $14.55 per OHM, with a 24-hour trading volume of $186,189.99. The market cap of Olympus v2 is $203.19 million, and it is currently ranked #6325. The circulating supply of Olympus v2 is 16 million OHM.

The price of Olympus has seen a recent increase of 1.90% in the last 24 hours and a 3.20% price increase in the past 7 days. The highest price paid for Olympus v2 was $1,479.41, and it is currently valued at 99.15% below its all-time high. The price of Olympus v2 in USD is updated in real time.

The Olympus (OHM) token is a decentralized autonomous organization (DAO)-governed reserve currency protocol. OHM is the native token of the Olympus platform, and each token is backed by a basket of assets such as FRAX and DAI, giving it intrinsic value. The Olympus DAO aims to create a free-floating reserve currency, OHM, backed by a basket of assets, to optimize the system for growth and wealth creation in the short term.

OHM can be purchased on decentralized exchanges such as Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), and Curve (Ethereum). It is also available on Coinbase wallet.

Olympus' projected price in 2025

The projected price of Olympus in 2025 varies depending on the source. According to one source, the price of Olympus is predicted to be between $129.03 and $310.41 in 2025, with an average trading price of $129.03. Another source predicts that the price of Olympus will be between $15.66 and $23.48 in 2025, with an average trading price of $19.57. A third source estimates that the price of Olympus will be between $11.63 and $54.94 in 2025. It is important to note that cryptocurrency prices are highly volatile and these predictions may not be accurate.

The long-term outlook for Olympus appears to be positive, with some sources predicting that the price of Olympus could continue to increase in the coming years. However, it is important to note that cryptocurrency investments are risky and it is possible to lose money. It is always important to do your own research and consult with a financial advisor before making any investment decisions.

Olympus' projected price in 2030

Olympus (OHM) is a non-pegged stablecoin created by OlympusDAO. It is an algorithmic reserve currency backed by other decentralised assets.

As of 6 June 2024, the price of OHM is $12.26. In the past 24 hours, the value of OHM has increased by 1.0616%. However, over the past 30 days, it has decreased by 2.11%.

The price predictions for OHM vary depending on the source. According to one source, the price of OHM in 2030 could be anywhere between $54.88 and $16.29. Another source predicts that the price of OHM in 2030 will be between $51.72 and $77.58, with an average trading price of $64.65.

It is important to note that cryptocurrency is a highly volatile and unpredictable market. Therefore, these price predictions should be taken with a grain of salt, as actual prices may differ significantly.

Olympus' projected price in 2050

Olympus (OHM) is a non-pegged stablecoin created by OlympusDAO. It is an algorithmic reserve currency backed by other decentralized assets. Each OHM is backed by 1 DAI, not pegged to it. The protocol would buy back and burn OHM when it trades below 1 DAI, pushing its price back up to 1 DAI.

As of 2024, Olympus is ranked somewhere around #2200 on CoinMarketCap, with a price of $600 per token. The biggest trading volume is on SushiSwap, but Uniswap is also a popular place for trading OHM. The interest in OHM is driven by its incredibly high APY of over 7,500% per year.

According to our technical analysis of Olympus prices for 2050, the projected minimum and maximum prices are approximately $2.04 and $5,061.20, respectively. The anticipated average trading cost stands at about $3,442.38.

However, it is important to note that long-term predictions come with increased uncertainty. The cryptocurrency market is known for its volatility, and prices can fluctuate rapidly, potentially resulting in losses. Therefore, it is essential to exercise caution and conduct thorough research before investing in Olympus or any other cryptocurrency.

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