Today I was looking to some casino tokens, I decided to see the price and volume of OwlDao (Owl) and i was surprised when I realized that the volume is only around 260$ in 24h.
I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...
I would have expected volume of 1000$ minimun, even though the token is only tradeable in DEFI for now.
Any thoughts on this?
Perhaps people do not want to sell their tokens ot they are staking most of it?
At least the liquidity does not look bad...
...
In addition, it would not be bad if they made a trading contest with the token, all these things are necessary for people to be interested in the token, that they offer characteristics so that an investor can shelter their money there.
That is actually a quite interesting idea, it would increase the interest and the volume, but it would also depend on the size of the casino and the resources they have and can invest in something like monitoring trades, user's volume and gains. I assume that managing a casino is hard enough, the fact that currently that token is not listed in any centralized exchange only makes things a bit harder to carry out a contest like that.
We shall see how the price behaves in the future.
-snip-
I want to ask if this token is trade able or not, because sometimes some people will launch a token and they will be expecting people to invest on the token is not trade able or marketable that's why some people do be careful for some investment of tokens, why some people will not like to sell this particular token is that they have noticed that the token can have much value if investors or people start buying it in a large quantities As you can see in the picture I shared, the OWL token is indeed tradeable, but only on Defi platforms like Pancakeswap and Babyswap, which means you need to connect your personal wallet to the Defi webpage to perform the swaps.