It appears investors are confused, probably why Opal dropped from >6k sats down to 3.7K now
The initial jump was due to the Opal Drive, and storj integration, which was easy enough to understand.
Then all of a sudden the SuperNET announcement came out, and people were buying without realizing what it is they were chasing.
Now that the excitement has calmed down, there are a lot of confused people (myself included). Doing preliminary research, it appears if you buy UNITY it's better than buying OPAL, is that true?
What are the benefits of buying opal today? Will it preserve it's value? Will we be able to exchange it for UNITY or NXT?
Is there going to be a increase of people wanting Opal in the future once this mgmBTC thing starts working for asset transfers?
It's so confusing, and to be honest, the graphic doesn't help much.
What we need is a few sample case scenarios.
Ie: If you own Opal today, here's something that could expect in the future. Your Opal could be a 15:1 ratio of Opal to UNITY, so buying UNITY now, doesn't make much sense, since Opal is POS and worth more.
That sort of thing. I don't know. Help?
UNITY is totally different than OPAL, it is not a coin it is an asset. Cant really compare them directly.
It is a lot more diversified and so it will be more stable in price. OPAL is a lot more concentrated and also with its current mini-marketcap much easier for it to go up a lot more than SuperNET/UNITY.
one analogy is that supernet to a coin is like the internet to a website.
So how a website does versus how the network itself does are not the same at all.
OPAL is plugging into SuperNET and its very active dev team will be one of the first coins to actualize the power of SuperNET. Think of SuperNET as the raw components and OPAL as the thing that puts it all together.
I guess from a stock market view it would be like a mutual fund vs a specific company. SuperNET would reflect more how the overall industry is doing, while OPAL is specific to OPAL.
James
P.S. I am confused why you think OPAL is down, when it is 5x what it was a week ago. In most cases, this is quite a good gain. After spiking up due to supply/demand imbalance, it is natural for a consolidation.