Why I think
$OMI can be a top 100 token in the next few months.
1. The debunking. If you look on Coin Market Cap, you need a 320 million dollar valuation to hit the top 100. On CoinGecko, you need a 512 million dollar valuation. OMI currently has a 70 million dollar valuation. This would mean that OMI has to do between a 5x and 7.5x to reach that point. And a lot of people would say "that's not gonna happen. The revenues of
@veve_official don't justify that." And although they may be right about the current revenues not justifying a half a billion dollar valuation, that's not the whole story. Everyone is assuming that the market stays where it is and OMI just has to catch up. That's not the case.
2. The history. Last cycle, OMI was the best performing token by far! It has a history of outperforming everything else. OMI hit it's all time high at a point where VeVe had next to no revenue. No Marvel, Disney, or Lamborghini partnerships. So if this has happened before, why not again? You might hear "well that was in a bull market. This is a bear market. Look at what bitcoin is doing." Let us examine that statement for a moment. In the last four bear markets bitcoin has crashed 93% 84% 83% and 77%. At the last low we saw, bitcoin was 59.4k. Only down about 53% from it's high of October. This means either one of two things. Either that bitcoin will only go down 53% this cycle or that wasn't the bottom and bitcoin will go down even more. Most everyone would probably agree with the latter. And if bitcoin does go down more, it will take the rest of the market with it.
3. The future. If bitcoin goes down further, won't that take OMI with it? Well, in the past month bitcoin is down 23% while OMI is up 51%. Bitcoin going down hasn't affected OMI recently. Why would it affect it in the coming months. So if bitcoin goes down and takes most of the rest of the market with it, and OMI keeps going up, it doesn't need to do a 5x or 7.5x. If btc drops another 29% to 44k, that would be a total crash if 65% from it's highs in October. It would be the smallest crash of all previous bear markets so that's conservative. If bitcoin drops another 29% there's no reason why most alts wouldn't crash at least that much. Probably more but again we're staying conservative here. That means the top 100 on CoinGecko would fall to 364 million dollar market cap and Coin Market caps top 100 would fall to 227 million dollar market cap. This means OMI would only have to do a 3x to a 5x depending on which platform you follow.
4. Why OMI will keep rising. There are a few reasons as to why OMI will keep rising.
1. The momentum of NFTs at large. Weather you're an Ape, Punk, VeeFriend, Moonbird etc you are up from the lows of January. NFTs have made a comeback.
2. Branding. Not just any NFT project has survived. The market has decided that only brands that have put forth the effort and have proven themselves to have staying power are worth investing in. Who has the best brands in the space? VeVe. What's their token? OMI. I don't care how cool your web 3 brand is, nothing will connect with the masses more than Spider-Man, Superman, Batman, and Darth Vader.
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