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- 1 Developer activity monitoring of OMNI crypto shows growth and quality, which helps in wise decision-making.
- 2 At press time, the OMNI token price is trading at 25.66 with an intraday loss of -1.00%.
The Omni Network is the token that functions on blockchain technology, representing future vision, boasting a Layer 1 blockchain that employs a novel dual Proof of Stake system. This system leverages restaked ETH and the network’s proprietary OMNI token to enhance network security and efficiency. Moreover, it laid the foundation for a seamless interoperability ecosystem.
At the core of Omni Network’s innovation, all depend on deploying Omni roll-up smart contracts. These contracts are designed to enhance the interoperability of Ethereum Layer 2 solutions by unifying them within a single mechanism framework. This unified framework not only streamlines processes and operations but also unlocks new possibilities for developers and users alike, paving the way for an array of decentralized applications and solutions.
Moreover, at the center of the Omni Network ecosystem lies the native token, OMNI, which is integral to the platform’s DAO and Proof of Stake system. Token holders wield decentralized voting power, utilize the token for fee payments, and support the network’s node runners. The OMNI token is, therefore, vital to the governance and operational framework of the Omni Network.
Excitement peaked as the Omni Network (OMNI1) was listed on April 18th. This milestone event helped Omni Network elevate its visibility and provide a robust platform for traders and investors to engage with the OMNI token. As Omni Network continues to carve out its niche in the Layer 1 blockchain landscape, its debut on the major Exchange marks a significant step in its journey toward broader recognition and adoption.
Development Activity In OMNI Token
The Omni Network crypto allows for tracking weekly developer activity, with a focus on healthy activity. It is achieved by monitoring the contribution of OMNI developers to the commit count. Moreover, the goal is to ensure that the OMNI developer’s activity is consistent and of high quality.
In the same way, OMNI crypto has seen a significant increase in both developer activity and commit count over the last three months. Similarly, this is valuable information that can be used to make informed decisions about the future of OMNI crypto and its development.
OMNI Token Price Chart Overview On The Daily chart
Since the OMNI token came into existence a few days ago, the price action speaks less activity on the chart. In the daily OMNI chart, the price showed a gigantic candle favoring bulls, and it kept its stronghold over the very first candle. The price flew from approx $1.0 to $84.0 but gave closing at nearby to $27.0.
After that, from the subsequent trading sessions, the price started consolidating from $21.90 to $30.00. Once this range is broken, it may lead to bigger moves in OMNI, but until the range is intact, the movement cannot be clearly predicted.
At press time, the OMNI token price is trading at 25.66 with an intraday loss of -1.00%.
Therefore, if the bulls manage to take control, the flight could be upward, and the primary resistance would be $30.0 and $35.0. However, if the price fails to go below $21.90, the price could invite bears and reach depths in the process.
Summary
Omni Network (OMNI1) was recently listed, boosting its visibility and engagement for traders and investors. Its debut on a major exchange marks a key step in gaining recognition and adoption. Developer activity monitoring of OMNI crypto shows growth and quality, informing decision-making. Price action indicates potential for bullish or bearish movements based on key resistance and support levels.
Technical Levels
Support Levels: $21.90
Resistance Levels: $30.0
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
