What is Oracle Meme Coin?
Oracle Meme Coin is a layer-2 network-based utility meme coin. Its native token is $OMEME. The prime objective of the Oracle Meme project is to combine the fun & popularity of memes via artificial intelligence.
Due to its ORACLE CHAIN network, users will get faster transaction speed & low-cost benefits. Moreover, the project will allow holders to participate in a decision-making network. You can also exchange a small $OMEME token for your own purpose, such as content creation.
Is $OMEME the Next 1000x meme coin?
Meme coin is now dominating the crypto market. If we analyze Bonk, Dogwifhat, Book of Meme, PEPE & Dogecoin, all performed unprecedently well & gave a good profit. So, there is no doubt that meme coin has a craze.
However, Meme is a highly competitive industry. So, expecting a similar performance from every meme coin would be bullish. Whether a meme coin outperforms or not depends on a simple math equation: Meme coin = Trends + Hype like accounting equation A=L + OE.
Let’s analyze $OMEME to see whether it is a 1000x coin.
- Layer 2 network
Technology plays a significant role in meme coin performance. High speed with lower transaction fees wins the race. The whitepaper of $OMEME suggests they are using a layer-2 network. Layer 2 is an advanced technology with lightning-fast transactions, minimum gas fees, and scalability, which undoubtedly increase mass adoption & transaction volume.
So, $OMEME is trying to get technological benefits from other competitor meme coins, which suggest a 1000x potential.
- Stake rewards of 107% APY
Stake rewards with APY can boost a crypto project. It will influence new users to buy & hold for more extended periods to earn passive income, ultimately leading to increased prices. Moreover, cash incentives will create a FOMO among investors & they learn more about the project. Overall, it will help to build a strong community via brand awareness. The $OMEME core team allocated 20% tokens for staking purposes, which is why a new project exists. There is no Newton’s law, but usually above 10% for new projects, & 5 to 10% for established projects is considered a good number.
Higher staking rewards influence investors but also bear significant risks. For example, you could lose money if the price of $OMEME goes down significantly due to market volatility (say, more than 60%) instead of 107% APY. To minimize staking risks, holders must stake their $OMEME for longer. We can’t predict the future action of token holders & market conditions. Therefore, according to the staking mechanism, expecting a 1000x return from $OMEME would be bullish.
- Community building
The whitepaper of $OMEME indicates a 5% fund allocation for community purposes, which is impressive. The exciting part is that you don’t need extra work for token staking. You can immediately put your $OMEME after buying.
So, the management of Oracle Meme Coin takes a strategic move to build a community with a positive market sentiment, which suggests 1000x potential. However, $OMEME is a meme coin, so price fluctuation is expected. The stable community can lower price volatility, but this is a matter of the core team, which we can’t predict.
In a ward, $OMEME has 1000x potential and market risks.
- $OMEME presale
The $OMEME project allocated 40% of tokens for presale purposes. So, the core team focuses more on discount prices & less on future project development. Below 30% are considered good for balancing initial & public investors’ priorities. Well, I am not criticizing their presale mechanism. As a finance professional, I read investors’ minds.
Before setting any presale for crypto, we must understand the thinking of all types of investors. Why? A project becomes more successful or profitable if it influences multiple investors.
Let’s analyze the presale of $OMEME,
$OMEME allocated 40% of tokens for initial investors. That means they empower more presale investors & try to sell more tokens at discounted prices. I have previously mentioned that hype is one of the vital factors of a meme coin equation (Meme coin = Trends + Hype). If the buyers find that the $OMEME project tries to sell more tokens in presale events, they usually take it as a loss project. Why? Because buyers consider that the project has a limited plan for long-term sustainability. That’s why they create short-term hype among buyers without focusing on long-term profitability.
Disclaimer
This is not a Sponsored post & the purpose of this article is only education. By reading this, you agree that the information of this blog article is not crypto investing advice. Do your own research before making any financial decision. Therefore, if you lost any money, FinanceIdeas.org will not be liable for this.
