- Olympus DAO’s OHM token is quickly approaching its all-time high.
- The project’s clever tokenomics are drawing in users and providing value.
- A strong community and meme culture surrounding the project are also helping the DAO to grow.
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Olympus DAO has bounced off its summer lows and is rapidly approaching a new all-time high. The project’s clever tokenomics, strong community, and meme culture are all driving adoption.
Olympus DAO Climbs Higher
While other crypto assets swing with market volatility, one project has consistently climbed higher in the background.
Olympus DAO has risen more than 160% over the past month as interest in the project reaches a fever pitch. The OHM token is currently trading at $1,224 and is roughly 13.6% short of its all-time high of $1,415 achieved earlier this year in April. During the market crash in May, the project was hit hard, losing almost 90% of its value and dropping to an all-time low of $162. It has since rebounded with strength.
Olympus DAO is the DeFi protocol that issues the fully collateralized, free-floating OHM token. The project’s ultimate goal is to create a stable crypto asset. However, when looking at the historical price swings of the OHM token, this may seem counterintuitive.
The current previous volatility is intentional in the early stages of the project. The DAO’s current objective is to first grow the supply of OHM tokens, with…