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$OPEN — State of the Market — May 2022
Quite a quiet month for $OPEN in Apr. Some spiky price action but proved short-lived.
$0.03000 still holds, and is likely to be held as the bottom for a foreseeable time.
Better chance to increase in price vs decrease in price thanks to product developments, partnership forming, and Seed Round activities behind the scene.
Bond is completely out.
The volume of $OPEN staked for long-term, 260-Days, remained high at 8M+.
This is the snapshot of the price chart of $OPEN from DexScreener:
DexScreener is still showing our token as $xBlade, this is because the info is fed from Dextools.
Overall quite a quiet month for $OPEN with the token hovers around the iconic 0.0300 area that has been quite sticky since March.
There have been some spiky activities toward 0.0510 in Apr, however the action proves to be short-lived.
Overall on the backdrop of quite a bad month overall for crypto market, $OPEN performed relatively fine.
In Apr’s State of the market, we announced that we will stop selling Bond. This went into full affect by the beginning of May.
The portion of $OPEN locked in 260-Day Bond remained record high at 8M+ $OPEN in total, worth $263K.
We made some important progress toward completing the Seed Round, target in May-June.
We also got approval for $50K Grant from Harmony and started to deploy $OPEN to Harmony network.
In June, we will also release a prototype of the digital world that we are building with some very basic features so that the community can explore and feel what have been developed behind the scene.
These should be tailwind for $OPEN price to increase. Of course with the backdrop of a crypto winter headwind, the price action will probably somewhat limited.
But again, similar to previous posts, I think $0.0300 is the cold stone floor and $OPEN has better opportunity to go up vs the risk of going down.
Disclaimer: Not financial advise. I hold $OPEN. I’m the Co-Founder/Co-CEO of OpenWorld.