OpenDAO (SOS) Price Prediction – 2023, 2025, 2030

OpenDAO (SOS) Overview

OpenDAO (SOS) Introduction

Today, there are over 17,000 cryptocurrencies available in the crypto market. Therefore, it is not easy for beginners who have just started their crypto journey to decide on the most profitable coins and which coins to invest their money in for long-term benefits.

One popular token, named OpenDAO (SOS), is getting popular because it allows using real-world assets, for example, real estate, bonds, and stocks in the Defi ecosystem through automated, secure, transparent, trustworthy, and permissionless protocols. This article explains in detail the SOS price prediction and its fundamental and technical analysis.

What Is OpenDAO (SOS)?

Since the launch of OpenDAO, we can see a great transformation in different sectors. Many regulators have approved this cryptocurrency. Moreover, a team of professional developers works intensely to market it and boost its recognition.

With this token, you are able to unlock liquidity against productive assets worth trillions of dollars. It helps create value, lock it and bring it on-chain to an extent never possible before. It also utilizes and mints a superior stablecoin supported by multiple off and on-chain assets.

How Does It Work?

For the SOS token, you have to link a Web3 wallet to the website of this project. Once your wallet is connected, you become a user, and then you can get rewards based on the number of transactions and investments made on OpenSea.

There are still several unanswered queries related to OpenDAO, for example, what are the sources involved behind this project and why they airdropped so many tokens to users. But most people agree that scam victims of OpenSea needed to be compensated.

What Is Unique About The OpenDAO token?

This token seems to be an interesting project, and the unique thing about this token is that its objective is to support NFT communities and emerging artists. There are many rumors about this project which made SOS a native token. Thus, it was a surprise to see that funds were used as an airdrop to OpenSea users.

OpenDAO (SOS) Technical Analysis

In all the financial markets, moving averages are a famous indicator of price prediction. The objective of MA (moving average) is to level the price action over a specific period of time. Moving averages are grounded on preceding price action; thus it is a lagging indicator.

Two types of average indicators are used in the technical analysis of OpenDAO price prediction, including SMA (simple moving average) and EMA (exponential moving average).

Moving Average Indicator and OpenDAO Average Price

Since OpenDAO has not yet completed 200 days of trading, the simple moving average cannot be calculated for 200-day. However, the 50-day SMA indicator for OpenDAO indicates buying this token. This also shows that the 200-day SMA will increase and hit a good position.

RSI (Relative Strength Index)

Another famous indicator is the use of RSI (Relative Strength Index) for OpenDAO price prediction by identifying whether the token is above 70 (overbought) or below 30 (oversold). OpenDAO’s RSI value is at 44.57, which shows its neutral position in the SOS market.

OpenDAO Oscillators

The oscillator is also a useful tool to analyze cryptocurrency technically. It helps in constructing low and high low bands between two outermost values. After this, a trend indicator is built that swings within these limits. Traders use this indicator to discover oversold conditions or short-term overbought of OpenDAO.

OpenDAO Correlation

Overall, OpenDAO price has a positive correlation with the price of MANA (Decentraland), AXS (Axie Infinity), GMT (Green Metaverse Token), ENJ (Enjin Coin), and STX (Stacks) and a negative co-relation with GT(GateToken), WEMIX (WEMIX Token), XEM (NEM), USTC (TerraUSD) and LUNC (Terra Classic) prices.

OpenDAO (SOS) Fundamental Analysis

The objective of developing OpenDAO was to honor the investors of the NFT. According to its official website, this token aims to promote, protect, and pay tribute to the NFT community.

OpenDAO emphasizes the OpenSea market, connoisseurs, and the creators of NFT that aid their exchange. This is why this project introduced a dedicated token ($SOS) and used an airdrop to distribute it on OpenSea into the NFT investor’s crypto wallets.

However, it was not a free drop of tokens for owners of NFT; instead, it was done to compensate OpenSea’s scam victims. OpenDAO persuaded creators and artists to display their best work during this distribution.

The value of this token drastically increased after the $SOS tokens distribution, which was in more than 2,40,000 wallets. This also helped in accumulating finds for the OpenDAO project.

All the stakeholders of this project community are allowed to participate in votes incorporating upgrades and changes. This aids in ensuring a democratic governance procedure; you can make non-developmental and developmental decisions even as an average blockchain user. The governance of DAO uses Defi (decentralized) applications extensively, thus eliminating the central governing body’s presence.

OpenDAO (SOS) Current Price

OpenDAO is currently worth $0.00000003779205 USD. SOS has moved 30.31% in the last 24 hours with a trading volume of $899,654. OpenDAO is currently ranked 1355 amongst all cryptocurrencies with a market capitalization of $3,779,205 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for OpenDAO (SOS) to decide wether it is going to have a bullish or bearish year.

OpenDAO (SOS) Price Prediction

Our price prediction forecasts use real-time OpenDAO (SOS) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

OpenDAO (SOS) Price Prediction 2023

OpenDAO, according to some, is one of the most amazing cryptocurrencies to rise this year (SOS). The SOS price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.00000005668807.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.00000005290886 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. SOS is expected to have a minimum value of $0.00000004535045.

OpenDAO (SOS) Price Prediction 2024

In 2024, OpenDAO SOS price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of SOS will soon surpass $0.00000009448011. However, we should wait to see if the SOS’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, SOS will trade with a minimum trading price of $0.00000007558409 and an average trading price of $0.0000000831425.

OpenDAO (SOS) Price Prediction 2025

If the upward trend continues until 2025, it could reach $0.00000013227216 and SOS may profit. If the market experiences a decline, the goal may not be met. SOS is expected to trade at an average price of $0.00000012093455 and a low of $0.00000011337614 in 2025.

OpenDAO (SOS) Price Prediction 2026

If OpenDAO successfully boosts market sentiment among cryptocurrency enthusiasts, the SOS coin price could remain stable for the next five years.

According to our projections, SOS will be green in 2026. The SOS is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.0000001700642, with a minimum price of $0.00000015116818 and an average price of $0.00000015872659.

OpenDAO (SOS) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the SOS price is expected to cross an average price level of $0.00000019651864 by 2027, with a minimum price of $0.00000018896023 expected before the end of the year. Furthermore, SOS has a maximum price value of $0.00000020785625.

OpenDAO (SOS) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.00000023431068. If SOS manages to break the resistant level in 2028, we could see a maximum price of $0.0000002456483, failing to gather the support SOS needs by 2028 could result in a low of $0.00000022675227.

OpenDAO (SOS) Price Prediction 2029

While SOS is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.00000026454432 and a yearly price close above $0.00000028344034 in 2029.

OpenDAO (SOS) Price Prediction 2030

By 2030, OpenDAO will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.00000030233636 and potentially reach a maximum price value of $0.00000032123239, averaging out at $0.00000030989477.

OpenDAO (SOS) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum SOS price in 2031 is projected to be $0.00000037036205 in the event of a bull run, with an average price level of $0.00000035524523.

Conclusion

SOS (OpenDAO) Token was introduced to target the metaverse and web industry with their services and products. This is why cryptocurrency analysts and experts believe that it has everything that can make it a flourishing coin in the crypto market.

This is not investment advice, but the token shows a great potential to grow exponentially due to continuous upgrades and advancements. Based on fundamental and technical analysis Open DAO token seems to perform well in the coming years.

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