I'm purchasing $OCTA. To be more precise, I'm acquiring more Octa Space!
When I first highlighted this project, I initially purchased it at $0.27. My usual strategy is to buy 50% initially and set a limit order slightly lower for my second 50% buy. The problem is this gem never dipped back down; instead, it soared to a new all-time high (ATH), where it remains today in full-price discovery mode.
The fact that it's currently in price discovery is the only reason I might urge some caution regarding this Octa Buy Review. As I managed to get half of my entry 50% lower, I'm comfortable dollar-cost-averaging (DCA) into more at the ATH. However, I might monitor it for a few more days for those planning their first purchase. But don't stay on the sidelines for too long!
Pros:
This was a fair launch, meaning there are no pre-sale tokens held by early investors. The only tokens available are those that have been mined.
There's a fixed supply of 48 million, indicating that scarcity will come into play over time.
It's only up 3x from its all-time low (ATL) right now, even though it's in price discovery mode.
There are 19.7 million tokens in circulation (41.2%), with at least 7.3 million staked (37%) in nodes. Liquidity is also locked on a centralized exchange (CEX) for trading. Another 1.6 million is in the developer wallet (8%).
The market cap is only $9.9 million 👀.
The 24-hour trading volume on $OCTA is a whopping $914K 👀.
The only way to pay for services is to purchase and use OCTA. Therefore, the value captured by the Octa.Space tokenomics is exceptional.
As I stated in my tokenomics review, when you combine a fixed supply with the value captured, this coin's value can continue to grow indefinitely. Show Less
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