There are hardly any price movement on OBITS after the Openledger domain hack. Many have move their assets out of Openledger and even thinks that OBITS are useless now, but weather we like or not, OBITS is one of the most trusted working asset on Bitshares DEX. OBITS gains it's price increase through holders that doesn't want to sell their coin and order sells that are being buyback buy Openledger from their revenue.
* OBITS price will greatly increase in months to come
Like I said, even if people don't buy OBITS, it's price will increase by being force buyback by Openledger. But the question is, there aren't many traders that are using Openledger as of now? If we look into it, Openledger are working tirelessly on making their platform great again.
Openledger are adding more assets on their exchange that will increase the audience of their platform.
Even if you don't want to use Openledger there will be new traders that will come to the platform weather you like it or not. As stated on number one, they are adding more assets on their exchange that will attract more investors.
The more traders that use Openledger, the more revenue they'll get from traders that are using their platform, thus increasing the money that will be use to Buyback OBITS.
We simply blame Openledger on what happened on the previous hack on their exchange. Hacks are happening everywhere, there are so many exchange that was hacked and still people are still pouring their assets on those exchange, same will happen on Openledger. Now that they have fully upgraded their security, things will get better on Openledger.
And btw, Openledger will rebrand their platform, that will symbolize their dedication on making their exchange one of the most prestige crypto exchange, not just a crypto exchange, but a "decentralized" prestige crypto exchange. Soon more investors will pour into this market as crypto market recovers from it's loss. Once that happens, things will look good as more and more people will learn that DECENTRALIZED exchanges are the future exchange with the toughest and safest wallet in this crypto industry.
To know more about what's happening right now on Openledger, you can get the latest update on their one and only telegram news channel.
For those who wanted to buy OBITS, here's the shortcut link for you! Soon the next buyback will happen. You'll never see this prices again. You can buy them on Bitshares DEX.
https://wallet.bitshares.org/#/market/OBITS_BTS
https://wallet.bitshares.org/#/market/OBITS_USD
https://wallet.bitshares.org/#/market/OBITS_OPEN.BTC
https://wallet.bitshares.org/#/market/OBITS_CNY
Please take time to read. Thank you!
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