LIVE🔥🔥 Just in: $OMNI Price Prediction Update
From a tweet shared on X by @OMNIFDN, the OMNI token which will be opened for trading on Binance in 10 hours [ 2024-04-17 12:00 (UTC) ] has its marked price at $40.98 at a volume of 1248 OMNI as at 16-Apr-2024 13:48:53 UTC.
(Source: https://x.com/aevoxyz/status/1779765316261953637, Source: https://app.aevo.xyz/perpetual/omni).
This comes as the coin's farming continues for the third consecutive day on the Binance Launchpool.
The program is expected to distribute 3,500,000.00 OMNI tokens in rewards to approximately 250,000 participants.
(Source: OMNI Launchpool)
OMNI Network is expected to have a maximum token supply of 100,000,000 OMNI tokens.
(Source: Binance Announcement).
What you need to know:
The influx will potentially lead to more buyers entering the market, potentially driving the price up significantly. This usually happens within the first few hours after the coin is listed.
The increase in volume can also lead to increased volatility with more coins being traded causing the price to fluctuate more
significantly. This is because larger trades can now influence the price more easily.
$SAGA is a good example of this trend.
Despite being marked at $41.00, the token's price could see a significant drop to $5-17 within the first few seconds of trading due to the influx of coins. However, it may then rise above $50 within the first hour as larger trades come in, potentially sustaining this level for three to four hours. Following this initial surge, the price is likely to experience high volatility.
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dyor!
