Owl token has been on the rise lately but if the token get listed on other exchanges aside from the current market. This is so because the token will be exposed to a more high-volume market that will increase the volatility of the price
In fact, this is the case, many think that reaching exchanges where a lot of capitalization volume is handled is better, but it can be quite the opposite, because when it is listed on an exchange, the coin or token usually falls and in a great way it is logical because many enter with the intention of buying very cheaply and selling everything as soon as it is launched to get at least 1, 2% of what they bought, although it is a technique that is not bad, I think it is a lot of risk and that they do not give chance to recover, because investors know very well what this is like and do not sell, and if there is an increase in the price of BTC, there is no doubt that this token would go to heaven.
I have browsed the last pages of this thread. I noticed that all the discussions were about the token, its position in the market, and how the platform can support it. The project focus from diligent work on developing the platform to supporting the token in the market and interests in including it on more platforms.
This is definitely profitable for the platform, since it makes profits from the games it provides and from the value of the tokens that it owns a large amount of. But I think that the concept of the project has gone out of its framework, which is gambling and betting. Is there a real benefit from the token? I mean, in what can it be used as long as it is not the only currency supported by the platform?
I think the main benefits of utility tokens like this is the profit sharing of the casino. Owl token is currently have the benefits of dividend by buy back program and staking on the mining pool. Introducing new benefits is good for token holders but they have the sufficient token feature for a casino utility token that investors looking forward on investing in Owl tokens.
The casinos which have their native tokens like Owl, have the option to buy back the tokens or allow staking etc, thus giving more trust to the community and more chances of earning other than by gambling.
Since Owl is a web 3.0 casino, this is also a plus point for them as with the hype of Web 3.0, the owl token price can rise even further.
There are enough incentives for the owl token holders to keep investing and accumulate this token while it is cheap. I have recommended it to my friends too who were looking to have a safe investment in a coin which has a low marketcap.
I agree, Owl being Web 3.0 casino gives a wow factor to user because this is the current trend in crypto because most people wants a fully decentralized experience while centralized casino is now slowly requiring KYC to there customers. The current market of Owl token is very small compared to its number competitors which makes this token a very good recommendation for your friends that interested on gambling investment. Good for you on recommending Owl to your friends.
what makes you so sure and strongly believe in OWL? or is there something more useful for OWL token holders? maybe you mean long term
Well, everything is a risk, nothing is certain, there are many who believed in the currency called Terra, many put a lot of money there because they trusted that it could give them very good benefits in the long term, and from one moment to another the currency went to the floor , these are the possibilities in crypto, in addition, it has clearly been seen that the OWL token is being talked about and it may seem to many that it is more of a discussion focused only on the speculation of the token, and this is not the case at all, there are certain interests here that must be taken into account, the tokens are bought by some and this has a great weight, because it is money and when it comes to money everything changes and everyone wants to obtain more information, it is something normal.