The trading volume of Olympus (OHM) is $752,434.54 in the last 24 hours, representing a -39.24% decrease from one day ago and signalling a recent fall in market activity. The highest price paid for Olympus (OHM) is $1,415.26 , which was recorded on Apr 25, 2021 (almost 2 years). Comparatively, the current price is -99.3% lower than the all-time high price. The lowest price paid for Olympus (OHM) is $7.54 , which was recorded on Nov 26, 2022 (2 months). Comparatively, the current price is 32.9% higher than the all-time low price. Market capitalization of Olympus (OHM) is $278,098,993 and is ranked #141 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of OHM tokens (28 Million tokens are tradable on the market today). The fully diluted valuation (FDV) of Olympus (OHM) is $289,887,544 . This is a statistical representation of the maximum market cap, assuming the maximum number of 29 Million OHM tokens are in circulation today. Depending on how the emission schedule of OHM tokens are designed, it might take multiple years before FDV is realized. The community is bullish as more than 90% of users are feeling good about Olympus (OHM) today.
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There are two schools of thought in determining the price of Olympus.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Olympus, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Olympus from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Olympus on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Olympus as well.
HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Olympus and the cryptocurrency market as a whole.
2. What is the highest price of Olympus in history?
Olympus achieved the all-time high of ₱76324.55 in 2021-04-25, and is currently trading at ₱542.44.
3. What is the lowest price of Olympus in history?
In 2022-09-19, Olympus reached the all-time low of ₱406.63.
4. Should I buy Olympus now?
It is important to remember that Olympus, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.