Osmosis (OSMO) is the first IBC-native Cosmos interchain automated market maker (AMM) that allows for cross-chain trading on the Cosmos chain.
Osmosis is an automated cross-chain market maker (AMM). It allows users to trade tokens from various crypto ecosystems. The platform’s trades are notable for being extremely small — often a fraction of a percent. It also provides staking and liquidity to generate passive income in addition to arbitrage. Liquidity can be provided to any of the network’s hundreds of pools. The platform’s largest pool combines the OSMO token with ATOM. OSMO tokens can also be staked or used in community voting. Let us review the OSMO price
OSMO Price Prediction
Bullish Scenario: OSMO coin has since fluctuated in value, reaching an all-time high of $11.21 on March 4, 2022 before plummeting to $8.27 on March 25, 2022. It is trading above the $8 support level. If it remains above this zone and the $8.8 resistance level is broken, we could see a move towards $9.6, $10.5, $11.3, and $12.3.
Bearish Scenario: While price predictions can be useful in predicting which way the price of a specific asset will move, it is important to remember that these indications are only possibilities, not guarantees. It may rise, but it may also fall. Since a few weeks, OSMO has been in a downtrend channel, and failure to hold the support at $8.0 could lead to a drop to $7.1, $6.4, and lower.
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