Osmosis Price Prediction 2024: Can OSMO Stabilize After Volatility?
What's ahead for Osmosis?
Key Takeaways
- Osmosis price recorded a high volatile year in 2023, ended with a doubled value.
- OSMO carried out a reworking of its tokenomics in July last year.
- One Osmosis price prediction says it may reach $6.16 next year.
The social volume of Osmosis has been steadily increasing since late October, indicating a growing level of discussion and interest surrounding the token. This uptrend typically coincides with periods of rapid price appreciation.
Furthermore, the sustained high social volume suggests that public attention remains focused on OSMO, with continued engagement and discussions revolving around the token. While the Weighted Sentiment has displayed positive trends overall, there have been some recent fluctuations in a downward direction.
Additionally, the escalating trading volume serves as another indicator of market participants’ confidence in OSMO. December witnessed a remarkable surge in daily trading volume for the token, following a brief period of reduced activity from 15 to 24 December, after which trading volume resumed its upward trajectory
Osmosis did not immediately respond to a request for comment
But what is Osmosis (OSMO)? How does Osmosis work? Let’s see what we can find out, and also take a look at some of the Osmosis Price Predictions that were being made as of February 2, 2024.
Osmosis Coin Price Prediction
With that all out of the way, let’s take a look at some of the Osmosis price predictions that were being made as of February 2, 2024.
It is important to remember that price forecasts, especially for something as potentially volatile as crypto, very often end up being wrong. Also, keep in mind that many longer-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice.
| 2024 | 2025 | 2030 | |
|---|---|---|---|
| Prediction #1 | $3.54 | $4.15 | $12.09 |
| Prediction #2 | $4.54 | $6.16 | $14.26 |
| Prediction #3 | $2.87 | $4.26 | $28.60 |
Firstly, CoinCodex made a short-term Osmosis price prediction which said it would soon reach a new all-time low. It said OSMO would trade at $1.500076 by February 7. By March 3, though, it should have increased to $ 1.781810.
The site’s technical analysis was bullish, with 25 indicators sending negative signals and just two making bearish ones.
Osmosis Price Prediction for 2024
With regards to other sites making Osmosis price predictions for 2024, DigitalCoinPrice said that the coin should reach $3.54 this year, while Bitnation had it worth about $4.54 and PricePrediction.net thought it could reach $2.87.
Osmosis Price Prediction for 2025
When it came to making an Osmosis price prediction for 2025, Bitnation was out in the lead at $6.16. DigitalCoinPrice followed it at $4.15. PricePrediction.net was more cautious, saying the coin would trade at $4.26 next year.
Osmosis Price Prediction for 2030
Moving on to a more long-term Osmosis price prediction for 2030, PricePrediction.net was the most bullish site, saying the crypto would be worth $28.60 that year. Bitnation had it trade at $14.26. DigitalCoinPrice made an OSMO price prediction that saw it stand at $12.09 at the start of the next decade.
Google BardAI Price Prediction for Osmosis (as of February 2)
Short-Term Price Prediction (3 Months):
- Potential price range: $1.70 – $1.90
Reasons:
- Adoption: Increased adoption of the Osmosis DEX and its interoperability features could positively impact the price.
- Governance: Upcoming governance proposals and community engagement could boost confidence in the project.
- Development: Continued development of the Cosmos ecosystem and Interchain capabilities could benefit Osmosis.
Medium-Term (6 Months):
- Potential price range: $2.58 – $2.62
Reasons:
- Overall Cryptocurrency Market Sentiment: Positive sentiment could boost OSMO’s price, while negative sentiment could lead to a decline.
- Osmosis Network Development: New features, partnerships, and increased user adoption could positively impact the price.
- Regulations: Regulatory changes could create uncertainty and potentially affect the price.
- Competition: Competition from other interoperable blockchain platforms could hinder OSMO’s growth.
Long-Term Price Prediction (5 Years):
- Potential price range: $1.72 – $3.50
Reasons:
- Overall crypto market growth: If the cryptocurrency market experiences significant growth, OSMO could benefit alongside other established projects.
- Adoption and usage of Osmosis DEX: Increased adoption and trading volume on the Osmosis DEX would drive demand for OSMO, potentially increasing its price.
- Developments on the Osmosis ecosystem: New features, partnerships, and integrations within the Osmosis ecosystem could improve its utility and attract more users, boosting OSMO’s value.
- Regulatory landscape: Regulatory changes impacting the cryptocurrency industry could significantly affect OSMO’s price, both positively or negatively.
- Competition from other DEXs: Competition within the DEX space is fierce, and the success of other platforms could impact Osmosis’s market share and price.
Advantages and Disadvantages of Osmosis
Blockchain analytics company Messari released its quarterly usage report on Osmosis . It highlighted that April and May were the busiest months in terms of crypto transfers since early 2022, and outlined some key advantages and disadvantages of the blockchain.
It said that between April and June 2023, Osmosis had
- A trading volume of a little below $1.3 million, down from $9.2 million year-on-year and $2.29 quarter-on-quarter.
- Liquidity of $123 million, down from $153 million year-on-year and $165 million quarter-on-quarter.
- $1.4 million paid fees, down from $11.2 million year-on-year and $2.4 million quarter-on-quarter.
- 8.4 million of transactions. There were no figures for this statistic for the second quarter of 2022, but it was down from 12.3 million quarter-on-quarter.
Advantages of Osmosis
Messari found that Osmosis
- Worked well in preparing for the change in tokenomics.
- Had taken steps to increase the platform’s security.
- Made a commitment to sustainability.
Disadvantages of Osmosis
Messari also found that Osmosis
- Lost users across the three months.
- Could have done better to incentivize long-term stakers, although changes to the platform should help this.
- Was somewhat unbalanced in favour of liquidity providers. Again, proposed changes to the system should fix this problem.
Now, let’s talk about what OSMO actually is.
Recent Updates from Osmosis
Osmosis said the fourth quarter of 2023 was “outstanding “quarter for Osmosis in terms of revenue generation. Taker fees reached an impressive $2.1 million, swap fees amounted to $218,000, since its inception, ProtoRev has accrued $517,000.
OSMO Price History
Let’s now take a look at some of the highlights and lowlights of the Osmosis price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an Osmosis price prediction.
When OSMO first came onto the open market in October 2021, it was worth about $5.10. The market evidently considered it overvalued and it dropped to below $4 in the middle of December before recovering to close the year at $6.21.
Things looked good for Osmosis in early 2022, as the coin shot up, breaking past $10 in early January. Although it dropped from that high, it went back up and it reached an all-time high of $11.21 on March 4, 2022.
Following that, though, the crypto market collapsed, with a string of market crashes damaging OSMO. The coin fell to a low of $0.68 on June 18, but recovered throughout the rest of the summer.
In November the FTX exchange declared bankruptcy and OSMO went down with the market, closing the year at $0.685. This meant it had lost nearly 90% of its value throughout the course of 2022.
Osmosis in 2023 and 2024
OSMO moved sideways for most of 2023, starting the year at $0.6852, a level that it held for quite all of the year. It then jumped in the second half of the year and closed 2023 at $1.58, increasing further in January 2024, reaching $1.62 on February 2, 2024.
At that time, there were 492,6 million OSMO in circulation out of a total supply of 587.4 million. This gave the coin a market cap of $798.3 million, making it the 78th largest crypto by that metric.
Osmosis Price Analysis
OSMO reached a low of $0.22 on October 19. After that, a new uptrend started, leading to a breakout and then to a high of $2.50 on December 26.
The uptrend ended and was followed by a fall of 46% to $1.36. If the last uptrend was the first one in a larger bull cycle, it could be in a correction.
Another low is likely for OSMO, with it potentially sinking to $1. After that, a new uptrend should begin. This new trend could, potentially, lead the price above $3.
Is Osmosis a Good Investment?
It is difficult to tell. On one hand, the idea of a platform that supports the ability to trade what tokens users want while also allowing them to work across blockchains certainly has its appeal.
On the other hand, it has not performed well lately, and its recent price movements have seen it fall to close to June’s all-time low.
It is often argued that the best time to buy is during a dip. While it would be hard to say that OSMO was not in a dip, we still do not know when the dip will end, nor what price OSMO can reach if and when it recovers.
It remains to be seen whether changes to the platform can make a difference to a coin that has been in freefall since reaching a record high in early March 2022.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in OSMO.
Will Osmosis go up or down?
No one can really tell right now. While the Osmosis crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in Osmosis?
Before you decide whether or not to invest in Osmosis, you will have to do your own research, not only on OSMO, but on other, related, coins and tokens such as Cosmos or Uniswap (UNI).
Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Who are the Founders of Osmosis?
Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 587,378,721 |
| Circulating supply (as of January 30, 2024) | 492,590,761 (75% of total supply) |
From the Whitepaper
In its technical documentation Osmosis points out that it can be used by developers and traders, with a command-line interface (CLI) feature that makes working with the platform accessible.
It says: “The Osmosis blockchain is a decentralized network, ran by 100+ validators and full nodes, with many front-ends and development teams on it.”
Osmosis (OSMO) Explained
Decentralized exchanges (DEXes) were set up in response to how traditional, centralized, crypto exchanges only allowed people to trade coins and tokens that the platform’s central authority allowed.
DEXes allow people to trade whichever cryptos they want at a price set by the market. However, they are not without their downsides.
One problem with DEXes is they often have difficulty trading cryptos that are not based on the same blockchain as them.
Osmosis , which was founded in 2021 by blockchain experts Sunny Aggarwal, Dev Ojha, Josh Lee and Tony Yun is an attempt to solve this problem. It allows people to create markets in cryptos on separate blockchains.
The Osmosis coin, known by the ticker handle OSMO, supports the Osmosis DEX and its online ecosystem.
How Osmosis Works
Osmosis is linked to the Cosmos (ATOM) blockchain network. Using a Proof-of-Stake (PoS) consensus mechanism, people can add blocks to the blockchain based on how much OSMO they hold.
People on Osmosis can use their ATOM to help fund liquidity pools, which help with trading, and the link to Cosmos makes working with different cryptos on different blockchains easier.
People who hold OSMO have the chance to add blocks to the blockchain every day, and the coin can be staked in return for rewards. Holders can also vote on changes to how the liquidity pools are run.
OSMO can also be bought, sold, and traded on exchanges.
Osmosis Attention Tracker
FAQs
Will Osmosis reach $10?
It could do but, if it does, it won’t happen for some time yet. DigitalCoinPrice thought it was possible the coin could get to that level in 2030.
It is worth pointing out that OSMO has reached that level before, with its all-time high of $11.21 coming in early March 2022.
What is Osmosis used for?
The Osmosis token (OSMO) is used to vote, stake, and provide liquidity throughout its pools. Superfluid staking, a process novel to the Osmosis protocol, allows users to stake assets to secure the network while simultaneously providing assets in a liquidity pool.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
