Did anyone else notice how expensive OBITS are going to be if the volume on the OpenLedger exchange keeps up? Right now, priced between $1.25 – $1.75, the OBITS holding account got 15 times more volume last month than previous months, and if this continues, then the price will surely climb above $5 before the end of the year. The kicker? Will the volume continue, or will it increase?
The answer? Today Bitshares had over 20 Million USD trade volume, and since OBITS is the holding account for the Bitshares fund, it seems that much of the commission from these trades will surely be used to buy and burn the OBITS supply, which means only one thing: PRICE GAINS.
Take a look at the news from the OBITS fund team:
“As reported earlier this week, ZenGold (ZGC) sold out within 8 hours of its market debut on the OpenLEdger DEX (Decentralized Exchange), and even bigger news is that today we completed a OBITS buyback of MORE THAN $500,000 USD and 4% of total supply was burned, which is a record and a 15 times increase from last month.”
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