In the context of the market having just experienced the most negative days of the beginning of the year so far. Could Omni Network (OMNI) be priced at $35 – $40 on the exchange?
Binance has launched more than 10 Launchpool projects since the beginning of the year. These aggregated data can serve as a basis for OMNI price prediction:
+ The normal capitalization of Launchpool projects is in the range of 300 million USD - 500 million USD after listing. For example, SAGA's capitalization after listing is about 600 million USD - 300 million USD, that of ETHFI is between 700 million - 400 million USD, that of AEVO is between 400 million - 150 million USD. Only ENA is holding a capitalization higher than billion USD. Therefore, an average of about 400 million USD can be taken as a basis for prediction.
+ Omni Network's maximum total supply is 100,000,000 OMNI, the initial total circulating supply as announced by Binance Launchpool is 10,391,492 OMNI (equivalent to 10.39% of total supply).
From here, we can quickly calculate the price of OMNI after going public in the first days of 35 USD - 40 USD.
$OMNI has a disadvantage of being listed in a context where the market has just recorded a decline and many investors are suffering losses due to large liquidations. This makes OMNI's initial purchasing power not strong. In addition, recent fluctuations in Launchpool projects increased in the first few hours or days but then continuously decreased by 30% - 50%.
At the time of writing, the price of OMNI on Whale Market is 49 USD - 50 USD, which may coincide with the high price of OMNI when it goes public, and then the price will gradually adjust. It is predicted that OMNI price may decrease to 20 USD - 25 USD in the next days.
Omni Network (OMNI) set a record for total staking value on Launchpool with FDUSD and BNB staking values shattering the highs of previous projects. OMNI has attracted more than 3.1 billion FDUSD and 18.5 million BNB.
In short, investors who have high hopes for the project can consider when the price adjusts to 20 USD - 25 USD to seize the opportunity rather than buying right after the first hours.
The above are still just predictions based on available market information. Depending on new news at that time and sudden fluctuations in Bitcoin, developments may be different.
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