RE: The Rise and Rise of Osmosis

[roleerob]

With a little time to catch up some, loved this post @jk6276. "Rise and rise" indeed! 😉

Having steadily built up a considerable stake in Osmosis, I could hardly be happier with how it has performed. There is a lot to like. With the upcoming events of "superfluid staking" and launch of EVMOS, sounds like Osmosis is going from "strength to strength."

I wonder if OSMO will become a +$100 dollar token, now that it just succeeded in becoming a +$10 token in the last couple of days?

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Comments

[jk6276]

A 10X from here would put it up around the top 10 market cap. A tall ask but do-able. Conditions I think would be needed:

• Gravity bridge launch soon, inflow of ETH tokens onto Osmosis.
• Continued explosion of new cosmos projects.
• Superfluid staking (so bullish for this)
• Continued ATOM rise - $100.
• Bridge for BTC into the IBC (work in progress) and flow of BTC onto Osmosis.

If some of these happen over the coming months, OSMO growth should roll on.

Biggest risks:

• Exploit (hasn't happened but see how Thorchain's momentum stalled).
• Market crash, UST peg breaks, Cosmos ecosystem drops.
• Dilution of rewards lowers APR, people move to other Dex's (Junoswap, EVMOS, Sifchain or others) leading to capital outflows.

All in all, I like the balance of probabilities here, but it is worth tempering enthusiasm by keeping in mind what could go wrong.

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