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Cryptocurrencies: 1602
Market Cap: $254,833,330,958
24h Vol: $15,936,237,752
BTC Dominance: 40.84%

Odyssey (OCN)

Market Cap

$40,207,135 USD

Volume (24h)

$11,746,100 USD

4.5
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Odyssey Markets Rank: 6/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Odyssey Volume Ratio Rank: 29/100

  • Market Cap

    The total cost of all coins available.

    Odyssey Market Cap Rank: 90/100

  • 24h Change

    Is the price moving up or down?

    Odyssey 24h Change Rank: 43/100

  • Social Following

    How many users are following this coin?

    Odyssey Social Following Rank: 72/100

  • Google Trends

    How many users are searching for the coin?

    Odyssey Google Trends Rank: 45/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Odyssey Twitter Citation Rank: 52/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Odyssey User Voting Rank: 85/100

Odyssey investment analysis

Odyssey is a peer to peer ecosystem intended to expand upon the sharing economy. In recent years, services like Uber and AirBNB have enabled people to earn their own piece of income from renting out their stuff, or even their time to complete tasks. However, many providers are becoming displeased with these centralized entities and the larger and larger piece of the profits that they are taking for themselves.

To that end, a decentralized marketplace is likely the way of the future. By utilizing the blockchain and smart contracts, users will be able to connect with each other, and then create their own trustless agreements by utilizing various IOT devices.

The company has made some powerful partnerships with Obike, Amazon Web Services, IBM, Tron and more to bring their project to reality. The underlying token itself is the gas that powers this economy. It pays those who contribute their services to the network, it pays developers who make apps, and those who would like to utilize these services will need to pay using these tokens.

This creates a real use case for the asset, and it could increase the attractiveness of your Odyssey investment knowing that there is a real reason for people to wish to acquire it other than pure speculation on the success of the platform.

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current price
$0.008465
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+396%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.041986
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

47/857
by Safety
328/857
by Profit
historical data

How to buy Odyssey?

There are a large number of exchanges upon which investors can buy Odyssey. Some of these options are unusual, but there's plenty of volume there to execute a trade. The highest volume trading pairs here are for Bitcoin, the US Dollar Tether, and Ethereum, and any of these will make a fine choice for trading.

OCN is an ERC20 token, and that means investors will need to utilize a compatible Ethereum asset wallet in order to store their investment safely. There are many great options here, and as long as you choose a reputable wallet, you'll be in good shape.

If you need a suggestion, then you could try Meta Mask, or a Ledger hardware wallet if you'd prefer a safer cold storage option. If you plan to make a large purchase, then this may be the best choice. In any case, make sure that you write down your wallet seed, and that you store it in a safe place in the event of failure, loss or theft of your host device.

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Is it safe to invest in OCN now?

Judging this asset purely by the Odyssey analysis, it would seem that they have stellar marks in almost every area. The only place where they are lacking is in the exchange category, this is because they have not been able to make it to any large players yet, and this section should correct itself once they do.

While the price for this asset is still very attractive, investors should keep in mind that it also has a very large supply. If you purchase this token expecting it to achieve prices in the range of something such as Ethereum, then you will likely be disappointed.

A token with a supply this large would have a hard time achieving those prices, but if you keep your expectations a little more realistic, then there are plenty of opportunities for profit here.

Our lives are becoming more interconnected every day, and the sharing economy, which did not even exist a few years ago, has now become a booming industry, and even a full-time job for many people. However, the ecosystem which has created these platforms has become very greedy. As providers are getting repeatedly squeezed, they have found their profits diminishing.

Going forward, it seems that a decentralized marketplace is the only way to save the sharing economy from this enemy. Many platforms such as this one plan to implement ways to allow people to interact together in ways that are profitable for anyone.

By utilizing the ecosystem that will be created, if you invest in OCN, you'll have the ability to both earn from the network or to purchase services by using your tokens. However, competitor IOTA is working to create a similar platform, and investors will have to decide for themselves whose approach is the best.

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