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TürkçeOlympus Information
Olympus is a cryptocurrency project that focuses on creating a decentralized reserve currency through its unique tokenomics and bonding mechanisms. It aims to provide stability and predictability by utilizing a protocol-owned liquidity model, allowing the community to have more control over the treasury. With its innovative approach, Olympus seeks to address challenges in decentralized finance by encouraging participation and long-term growth.
A Deep Dive into Olympus (OHM): A Revolutionary Cryptocurrency
Olympus, symbolized as OHM, has carved a niche in the dynamic world of cryptocurrencies. The decentralized protocol behind this coin is OlympusDAO, which strives to create a sustainable and scalable decentralized reserve currency. In this article, we delve into the structure, historical performance, and potential future of this fascinating coin, emphasizing its advantages and disadvantages.
The Olympus Protocol: What Sets It Apart?
OlympusDAO operates with a unique financial premise, different from the traditional pegged stablecoins. Unlike stablecoins tied to fiat currencies, Olympus aims to maintain intrinsic stability through a combination of algorithmic and crypto-backed mechanisms. The idea is to accrue a treasury of owned assets, using them to back each OHM token, thereby providing an intrinsic value not tied to external currencies.
This innovative approach suggests that Olympus could offer stability in volatile markets, contributing a refreshing twist to the realm of stablecoins and digital assets.
Advantages of Olympus (OHM)
One of the primary advantages of OHM is its potential to mitigate typical volatility seen in the crypto market through its treasury-backed value. This theoretically prevents sharp price drops, offering a more resilient asset for investors seeking stability.
Furthermore, the decentralized nature of Olympus lends itself to transparency and community governance, aligning with decentralized finance (DeFi) principles where power is distributed among its users rather than controlled by a central authority.
Disadvantages and Risks Involved with OHM
Despite its promising attributes, Olympus is not without risks. The complexity of its algorithmic model requires clarity for general investors to fully understand. The heavy reliance on the treasury model can also pose risks if asset management is not handled properly.
Additionally, Olympus has seen significant price fluctuations, which, while typical for cryptocurrencies, may be off-putting to risk-averse investors. The price has decreased substantially from its all-time high (ATH) in April 2021, reflecting the inherent risk and unpredictability.
Historical Performance: A Reflection on OHM's Journey
Looking at OHM's historical performance, it's evident that the coin has experienced vast volatility. Reaching its ATH of $1,415.26 on April 25, 2021, OHM has since depreciated by over 98%. However, it's important to note the recovery from its all-time low (ATL) of $7.54 on November 26, 2022, highlighting its capacity for resilience.
These figures showcase the dynamic and unpredictable nature of Olympus, necessitating careful consideration for potential and current investors.
Future Prospects: What Lies Ahead for Olympus?
The future of Olympus hinges on its ability to adapt and evolve within an ever-changing crypto environment. The development team and community are crucial in driving innovation and maintaining the treasury-backed model's sustainability.
If successful, Olympus could redefine what it means to be a stable asset in the crypto space. Future price stability, increased adoption, and continuous development will be key indicators to watch.
In summary, Olympus (OHM) presents a novel approach to creating stability in the crypto market through a unique treasury-backed model. While it offers promising potential, it also carries substantial risks that potential investors should weigh carefully. As always, a thorough understanding of market dynamics and diligent research are essential before engaging with any cryptocurrency.
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from price
$22
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General Information |
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Title
Olympus
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Symbol
ohm
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Whitepaper
-
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Website
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Community
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
22.36
$
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High 24h
22.6
$
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Low 24h
21.79
$
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Price Change 24h
0.170135
$
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Price Change % 24h
0.76684
%
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Market Data |
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Market Cap
367211309
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Total Volume
1247952
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Market Cap Change 24h
3159414
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Market Cap Change % 24h
0.86785
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
16415738.272226
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Total Supply
21403921.956951
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Max Supply
21403921.956951
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Historical Data |
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All Time High (ATH)
1415.26
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ATH Change %
-98.41898
%
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ATH Date
2021-04-25 00:00
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All Time Low (ATL)
7.54
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ATL Change %
196.61599
%
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ATL Date
2022-11-26 16:36
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