Is Octaspace worth a buy? Hmmm.
When considering whether to invest in Octaspace, there are definitely both positive and negative aspects to weigh.
On the positive side, their idea appears to be strong and has already been successful when implemented by major other competitors. Additionally Octaspace has managed to innovate and introduce new dynamics to the idea, making the platform more decentralized platform if executed as intended. The tokenomics also seem very favourable, with a fair distribution model that excludes any pre-sale or pre-mined tokens, and the low market capitalization adds to its investment appeal from an economic standpoint.
However, there are big concerns about the team's ability to execute this complex outsourced computing concept. The overall project exhibits signs of sloppiness, such as poorly edited YouTube videos, a short/not very indepth whitepaper and broken English all over the project, which raises doubts even more about the teams capability to carry out this ambitious venture effectively.
While the project may not align with my ultimate investing criteria due to these uncertainties, the low market cap suggests it could experience a pump with even a small injection of capital. As such, it might be an attractive asset for short-term trading to capture significant gains in a short space of time, as exemplified by its recent 40% pump within a quick period. Nonetheless, successful trading of this asset would require strict adherence to risk management and profit-taking strategies deeming it a risky move overall. Show Less
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