Finding Gems in CoinMarketCap - Okse
In this series of stories I will try to analyse the new cryptocurrencies that are being launched on the market, through an analysis of their tokenomics, to see whether or not it is worth investing in such a project.
In this story we will analyse the cryptocurrency Okse
Disclaimer
What I show here are theoretical results of some of the current indicators that we can obtain from the cryptocurrency. A high percentage of the cryptocurrencies I analyse will fail. Before investing, do your own research on each of the projects.
What is Okse
The Okse Card is your decentralized solution to pay with crypto at over 60 Million shops worldwide within the Visa and Mastercard networks. ‘But what if I am not in the US or Europe?’. The Best Part is - You can apply for the Okse card from more than 172 countries. ‘But how long will it take to reach me?’ Well that is another great thing about the Okse card; There is no need to wait until the physical card arrives because after your KYC is approved, you can create your virtual card right away. You can add it to Apple pay or Google pay and start shopping contactless.
Analysis
The first thing we are going to do is estimate the price this cryptocurrency could reach, if it reaches a market cap of 5,000,000,000 $. I have chosen this market cap as a reference because it is not very high and I do not see an impossible value to reach.
Its current market cap is 5535065.0 $ at a price of 0.1559 $. If the estimated market cup were to be reached, we would have a price of 5.0 $. This means an increase in the price of 3107.18 %.
As the total supply and the maximum supply are equal, we have a cryptocurrency that is not inflationary, and therefore it is more likely that the price will increase against the dollar.
Cryptocurrency trading volume in the last 24 hours has been 2738453.0 $, with a ratio to its market cap of 0.4947.
This implies that the cryptocurrency is being a bit volatile and its price can both increase and decrease rapidly.
Conclusions
Pending further study of the project, it seems that this is a cryptocurrency that may have moderately high upside, although it may change in the long term.