ODEM (ODE) To Go Against The Red Market And Get +5%. Wednesday, August 1
While the whole cryptocurrency market experience currently a very negative price changes, with most of the coins heading rapidly up losing even up to -30% in last 24 hours, one coin seems to remain rather stable or even raise a bit.
Cryptocurrency Market Analysis
Bitcoin is currently trading at $7566 and got -6.96% in last 24 hours. Similar losses were shared by the second largest cryptocurrency Ethereum. Coins such as Polymath, Bitcoin Private or Pundi X are among the ones who were hit the hardest, with Polymath losing -30.81% only within a day. Of course when it comes to the smaller cryptocurrencies outside the top 10, in many cases their daily price changes are that significant because of how easy it is to manipulate their prices. Apart from whales being able to pump smaller coin of their choice, one good news in the cryptocurrency media is enough to see rapid growth of interest for these underdogs.
What is ODEM
The coin to currently stand out and go against the current is ODE token from ODEM project. ODEM is an On-Demand Education Marketplace built on the Ethereum blockchain. The platform connects students, educators, and service providers where, together, they develop and engage in personal and group, in-person educational programs. The main idea is to provide premium education, helpful materials and curriculum for much cheaper than it would be in the regular mainstream world, thanks to the blockchain technology which eliminates any intermediaries or additional fees. ODEM Token serves as a software license for the ODEM platform and opens access to the community.
ODE Price Analysis
Looking at the price chart of ODE token from last few days, there are two significant price changes worth noting. The first one happened on July 27th, when ODE jumped from $0.40, where it fluctuated rather stable for past days, to $0.47. The price then fell a bit and stabilized above $0.45 mark where it stayed for the last days of July. August 1st, brought a rather strange price movement. Many top coins are currently losing their value, however ODE saw an increase to $0.469 and the chart is heading towards even higher values.
The current trading volume is significantly smaller than it was few days ago, as for example on July 27th the 24 hour trading volume was estimated for $9,000,000, while today it stays around only $275,000. Moreover, on July 31st there were almost no movement for the ODE coins as the trading volume barely reached $30,000. The fact that ODE is raising against the falling market may undoubtedly increase the interest of investors and crypto traders, which would affect the trading volume and token price significantly.
ODE/USD Price Chart, Wednesday August 1st:
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