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- 1 The OSMO crypto is ready for a more splendid surge, as it harnessed energy and pierced the resistance level on the chart.
- 2 The demand for the OSMO Token remains high and its price could surge more.
Osmosis crypto (OSMO) is a DEX for Cosmos, a network of independent and compatible blockchains that communicate securely over the Inter-Blockchain Communication Protocol (IBC).
The Osmosis blockchain protocol has three main features that make it different from other AMM money market protocols.
First, Osmosis has flexible liquidity pools. Unlike Uniswap, where LPs can only add liquidity to a two-token pool with a 50/50 ratio, Osmosis lets them add liquidity to pools with many tokens and different ratios.
It says that players in a growing DeFi market like arbitrageurs and LPs need a more adaptable solution that lets them find and act on opportunities by changing settings. So, on Osmosis LPs can change things like slippage, transaction fees, and more.
Collaboration among stakeholders is also very important. Therefore, liquidity pool shares on Osmosis are not only used to measure the share of a liquidity pool but also for the right to join the strategic planning of the liquidity pool.
It encourages long-term liquidity supply and protects from possible attacks from other protocols. So, liquidity providers with more stake in the game have more influence in the strategy of the pool, which matches the bigger risk they’re taking.
Finally, Osmosis brings up the idea of “AMMs as serviced infrastructure”. With more and more complex DeFi products, AMMs have had to Give up efficiency and trade on AMMs with bad bonding curves. Also, to Take the risk of making a custom AMM to improve efficiency.
Osmosis Crypto strives to fix that by giving AMM makers an option to choose the bonding curve value function and use the rest of the infrastructure from Osmosis’ products.
Will Osmosis Crypto Price Continue Bullish Ascend?
The OSMO crypto is prepared for a more splendid surge, as it harnessed energy and pierced the resistance level on the chart. Besides, it climbed to new altitudes from the current demand zone.
The Osmosis crypto asset is displaying bullish characteristics and can extend its gains. It has shown good performance in the past week, and one month, by 71.21% and 113.36% respectively, implying a consistent upward trend.
The Osmosis token asset is exhibiting buying momentum and rising capacity as it holds above major EMA’s.
The OSMO crypto is displaying an increase of 4.35% in the last 24 hours, trading at $1.3018.
Therefore, if the demand for the OSMO Token remains high, the asset price could continue more from the current level. The next goal for the OSMO price is to reach $1.4000.
However, if the OSMO price fails to stay above the $1.000 level, it could decline further.
Summary
The Osmosis crypto asset is displaying bullish characteristics and can extend its gains. It has shown good performance in the past week, and one month, by 71.21% and 113.36% respectively, implying a consistent upward trend.
Therefore, if the demand for the OSMO Token remains high, the asset price could continue more from the current level. The next goal for the OSMO price is to reach $1.4000.
Technical Levels
Support Levels: $1.000
Resistance Levels: $1.400
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Joseph Alalade is an expert Web3, crypto, and blockchain content writer and journalist. His persevering dedication to learning and understanding these complex subjects has equipped him with the ability to simplify them for any audience. Joseph’s expertise and passion for the industry make him a valuable asset for organizations seeking informative and engaging crypto-related content that drives results.
