Just as every market, the cryptocurrency market moves in cycles. The last bullish year was that of 2017. Today, we are experiencing the bull market once again, before potentially heading into ‘crypto winter’. Although the market might keep its current value during the so-called ‘crypto winter’, uptrends are likely to be rare. This year, Non-Fungible Tokens (NFTs) got the spotlight. Having the attention of everybody had a positive impact on the revenue of NFT marketplaces – OpenSea in particular.
OpenSea successfully hit a trading volume of $3 billion in August 2021. Since the NFT is rapidly growing, it is nearly impossible to ignore it. People have been selling and buying artwork for millions of dollars in Ethereum and Solana. The most anticipated NFT projects are the CryptoPunks and Bored Apes Yacht Club. These two crypto projects account for more than Ξ1 million (Ξ stands for ETH) or $4.2 billion in sales. These numbers tell the world that NFTs are not just some JPEGs but rather have actual utility.
People are still doubting NFTs, however, and they are not to blame. On one hand, there are hundreds of NFT projects that failed after they launched. This made people lose their faith in this sector of the cryptocurrency market. On the other hand, nobody can launch NFT projects that include costumes or notable features from famous fictional characters such as Spiderman or Batman. This is because those who do so would probably be faced with copyright charges. However, Ecomi is seeking to change that. Ecomi is a project that has launched a licensed premium collectibles marketplace.
What is ECOMI?
But how does Ecomi work? Basically, Ecomi is a company focused on digital collectibles such as NFTs. They operate in Singapore and have launched their NFT marketplace known as VeVe. This NFT marketplace is the first of its kind when it comes to selling licensed digital collectibles of famous brand names such as Ghostbusters, Marvel, and Detective Comics (DC). You can find everything in VeVe, no matter which fandom you belong to.
Furthermore, Ecomi has launched another product called Secure Wallet to further advance the creation of its own ecosystem. This wallet provides an obviously secure platform to store your digital assets, be they NFTs or cryptocurrencies. This wallet is accessible through a revolutionary cold storage hardware wallet. It has the shape and size of a credit card and, since it is a cold wallet, it belongs to the group of the safest wallets at the time.
To add to the hype, Ecomi has announced that they are working on the VeVeVerse. The VeVeVerse will provide a huge metaverse where NFT owners and collectors can stake their collectibles. Moreover, this metaverse could offer more than Decentraland or The Sandbox.
Without further adieu, let us take a look at the Ecomi cryptocurrency – $OMI. Although most NFT-related cryptocurrencies and projects are built on top of the Ethereum network, $OMI is not an ERC-20 token. $OMI operates on the GoChain, making it a GO-20 token. Likewise, the NFTs available on VeVe are GO-721 tokens. The total supply of $OMI is 750 billion tokens and only 168 billion of them are in circulation at the time of writing. At the time of launch, $OMI was trading at 1 Satoshi (the smallest unit of Bitcoin).
ECOMI (OMI) Price Prediction 2021
Cryptocurrencies are getting mass implementation rather quickly, and major corporations and governments are officially recognizing them. There is no doubt that cryptocurrencies are here to stay, however, what does this mean for $OMI?
$OMI contributes to one of the fastest-growing sectors in the cryptocurrency market, therefore, this token could be here to stay. Understanding the unrealized potential that $OMI has, claiming that its price can go x10 in the future is an understatement.
According to CoinMarketCap, $OMI joined the market in February 2021 with a trading value of $0.0006. After approximately 1 month, $OMI hit an all-time high of $0.012. Today, $OMI is trading at $0.006 and has a trading volume of $9.4 million. Moreover, it has a market capitalization of $1.12 billion.
The future of $OMI seems bright, no matter what perspective you look at it with. After the rally of Bitcoin, Ethereum, and other major cryptocurrencies, $OMI might be the next one. By the end of November, $OMI could reach a trading value of $0.01 once again. There, $OMI might meet a resistance level and its price could dip a bit. However, the token could recover in early December. By the end of December 2021, $OMI might skyrocket once more and set a new all-time high of $0.016. $OMI could end the year 2021 trading at a price under its all-time high.
Also Read: ECOMI Price Prediction 2022 and Beyond – Can OMI Reach $1?
Takeaways
- The cryptocurrency market keeps growing as corporations and governments implement them each day.
- The Non-Fungible Token (NFT) sector has seen enormous growth during 2021, generating billions of dollars in revenue.
- Ecomi is a technology company that contributes to the digital collectible space. They have recently launched their own digital collectible marketplace called VeVe.
- VeVe Collectibles is a licensed NFT marketplace that sells NFTs created from Blockbusters, NFL, Detective Comics (DC), Marvel, and numerous other brands.
- VeVe Collectibles are all safely stored on the GoChain blockchain as GO-721 tokens.
- $OMI is the official currency used to pay for products in VeVe.
- All things considered, $OMI might surpass its current all-time high by the end of 2021 and reach a price of $0.016.