bronbro monitor is where I'm getting onchain metrics for evmos like bonded rate, ratio, apr and other such useful metrics.
Bonded ratio has flattened on the 30 day chart. 2 million EVMOS just hanging around loose in wallets. There are several reasons to stay liquid, several dapps are launching and several ICS are going up, EVMOS might just make a soft landing on the $2.20 by October, but volume over time and price suggests floor falls out steep at the $1.80 range. My target price range by halloween is ($1.90-1.85)
On chain metrics and strong restaking (compounding) community in combination with macro climate strongly suggests a solid bounce off supports starting at $2.00
Let me know if this chart was less shittier than the previous one. Thanks for checking it out.
Token is so new all the metrics are kind of useless other than look at #1 and #2 coins and then look at Cosmos network. Network doesnt bring in much value per se, but that was technically a consequence of such an open easy to use SDK for Tendermint and Ethermint. Also noteworthy, governance prop for retro payment for ETHERMINT work is being voted on, 2 million tokens on the vote I think. Could be wrong, plz check commonwealth governance for official news.
Expecting some amount of dump on the tokens as many believe they have enough and want to sell for other token projects and most likely STARS as there is a bunch of following/people taking their compounded rewards there. If anyone know where I can find a better flow of tokens other than osmosis let me know.
thx, glhf out there!
Bonded ratio has flattened on the 30 day chart. 2 million EVMOS just hanging around loose in wallets. There are several reasons to stay liquid, several dapps are launching and several ICS are going up, EVMOS might just make a soft landing on the $2.20 by October, but volume over time and price suggests floor falls out steep at the $1.80 range. My target price range by halloween is ($1.90-1.85)
On chain metrics and strong restaking (compounding) community in combination with macro climate strongly suggests a solid bounce off supports starting at $2.00
Let me know if this chart was less shittier than the previous one. Thanks for checking it out.
Token is so new all the metrics are kind of useless other than look at #1 and #2 coins and then look at Cosmos network. Network doesnt bring in much value per se, but that was technically a consequence of such an open easy to use SDK for Tendermint and Ethermint. Also noteworthy, governance prop for retro payment for ETHERMINT work is being voted on, 2 million tokens on the vote I think. Could be wrong, plz check commonwealth governance for official news.
Expecting some amount of dump on the tokens as many believe they have enough and want to sell for other token projects and most likely STARS as there is a bunch of following/people taking their compounded rewards there. If anyone know where I can find a better flow of tokens other than osmosis let me know.
thx, glhf out there!
Comment:
Would like to update anyone who reads this: Devs have sold some, no community pool has not sold any assets. There have been several gov props asking for funding for "community" awareness. EVMOS ECOSYSTEM CAMPAIGN BY GALXE asking for $400k USD EVMOS looks to be a flop (REJECTED) on the NO side (47%) with 41% abstaining and 2 days left. DYSTOPIA LABS - EVMOS DEVELOPER ACQUISITION GRANT REQUEST asking for $75k USD for IRL event support for conferences (PASSED). Selling pressure is still high considering many like myself are moving airdropped assets to LP in the next 14-28 days. Prepare for systematic sell-off for those that found themselves in a too-high of Risk On and are seeking Stable or #1 & #2 tokens. ($0.50 - $0.60 ) target price by Mid-December is my forecast. OSMO LP rewards for EVMOS paired assets are still juicy for the big-bag holders wishing to capitalize on volatility.
PS> I would like to think halloween price target is $2.8 but its looking more like $1.80, yesh I'm either under estimating or over estimating movements.