Olympus (OHM) is an algorithmic currency protocol that aims to become a stable crypto-native currency. It uses reserve assets like DAI to manage its OHM price to achieve price stability while maintaining a floating market-driven price. OHM differs from other stable coins because it is backed but not pegged to a certain price.
Olympus is run as a DAO and was founded by anonymous accounts going by the names of “Zeus,” “Apollo,” “Unbanksy,” and “Wartul.” Olympus has a treasury that mints and sells new OHM when it is trading above its price floor of 1 DAI and buys back and burns OHM when it is trading below that.
OHM is issued by a process called bonding. Users can stake OHM, which reduces the supply of OHM on the open market and creates value for the protocol. Currently, over 1.7 billion OHM are staked in the network. OHM is an ERC-20 token on Ethereum, and the network is governed as a DAO.
OHM Current Price
Current price of Olympus (OHM) is currently traded from $10.21, %0.01 up d/d. Current market cap of OHM is $16.964.115, ranked 2927th according to Coinmarketcap. 24H trading volume is $432.194 today.
OHM Price Prediction for 2023
Based on the analyzed forecast data, the price of OHM is projected to surpass the threshold of $15.18, with Olympus v2 anticipated to achieve a minimum of $8.57 by the year-end, while the OHM price has the potential to reach a maximum of $22.38.
OHM Price Prediction for 2025
According to the analysis of the forecast data, the price of OHM is predicted to exceed $30.08, and by the end of the year, Olympus v2 is expected to have a minimum fee of $29.86 with a possible maximum price of $31.15.
OHM Price Prediction for 2030
According to the analysis of forecast data, it is predicted that the OHM price will exceed $99.62, with Olympus v2 reaching a minimum fee of $99.38 by the end of the year, and the OHM price potentially reaching a maximum level of $104.44.
