Osmosis (OSMO) Surges 76% in a Week: 1 OSMO Could Be Worth $2
Date: 2023-12-16 Author: Dima Zakharov Categories: BUSINESS
The crypto token Osmosis (OSMO) has experienced a substantial 14% growth in the past 24 hours and an astonishing 76% surge over the past week, as reported by CoinGecko. Currently trading at $1.46, OSMO has reached its highest level since July. Analysts at NewsBTC are optimistic, projecting that OSMO could reach $2 by the end of December.
This success can be attributed to the strategic merger between Osmosis and another ecosystem network of Cosmos, Umee. Umee's assets are valued at $17 million, and its token has surged by an impressive 380% since the beginning of 2023, as estimated by DeFiLlama. Meanwhile, Osmosis boasts assets valued at a staggering $142 million.
Notably, other participants in the Cosmos ecosystem are also on an upward trajectory. THORChain has emerged as one of the leaders in the DeFi exchange space, with a Total Value Locked (TVL) exceeding $900 million.
This surge in Osmosis and the Cosmos ecosystem underscores the continued growth and innovation in the cryptocurrency space, leaving investors and enthusiasts eagerly anticipating further developments in the coming weeks.
