Why I am invested in $OHM for the long run?... (3,3) in ohmies jargon... a thread
#1/15 We all know Bitcoin $BTC evolution over the years... I define Bitcoin as an Unpegged Digital Reserve Currency.
#2/15 I found that $OHM is one of the VERY FEW Unpegged Digital Reserve Currencies around with working characteristics different than those of $BTC
#3/15 Follow me.... I started from @Coingecko 's TOP 100 cryptocurrencies list as of January 5, 2022
#4/15 First I separated from the list 37 platform / chain tokens:
#5/15 Then I separated 15 Exchange (CEX and DEX) tokens and 9 tokens related to NFT-focused projects:
#6/15 Then 5 DApp tokens, and 9 finance / lending / yield farming and aggregator tokens
Finance/Lending: $AMP $NEXO $AAVE $cUSDC $MKR $CEL
Farming: $STETH $COMP $CVX
#7/15 Then various asset-backed tokens, 1 masternode token and one analytics token :
Asset-backed: $CETH $CDAI $HBTC
Masternode: $DASH
Analytics: $GRT
#8/15 I finally ended up with a list of 20 very different Digital Currencies:
#9/15 But digging deeper, 7 of the 20 were USD-pegged stablecoins. I put them apart since I am making the case for an UNPEGGED digital reserve currency:
#10/15 There were two privacy coins: @monero and @zcash ... they probably also serve as a reserve currency, but their main goal is privacy, so I separated them.
#11/15 There were three meme tokens: @dogecoin, @Shibtoken and Spell... again, they may serve as a long-term reserve and they are not pegged to anything. Maybe it's me, but I don't feel comfortable investing long-term in a meme coin:
#12/15 So I was left with 8 Unpegged Digital Reserve Currencies, listed by MC as of Jan 5, 2022: 1)Bitcoin, 2)XRP, 3)Wrapped Bitcoin, 4)Litecoin, 5)Bitcoin Cash, 6) Olympus OHM, 7) Bitcoin SV and 8) eCash
#13/15 Bitcoin is the OG king, no doubt... and has several relatives in the space. But I was looking for something different than Bitcoin so I took Bitcoin and bitcoin-like coins out:
#14/15 Finally I was left with two Unpegged Digital Reserve Currencies: @Ripple $XRP and @OlympusDAO $OHM. Both are reserve currencies, different than $BTC in their workings and supported by strong teams. $XRP is administered by a private company... $OHM is administered by a DAO
#15/15 I chose $OHM for two reasons... 1st because it's early... USD 1.8B of MC compared to $XRP's USD 37,7B. I feel $OHM today is like $BTC in 2010... 2nd because $OHM is administered by a DAO with one of the most amazing digital communities around.
Note: I love private companies and @Ripple is doing a terrific job, but a reserve currency managed by a private company makes some noise, at least to me.

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More from @CRPTO_33

7 Dec 21
What drives $OHM price fluctuations?... A thread Image
#1/18 As you may know, I am obsessed with understanding @OlympusDAO $OHM valuation…
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6 Dec 21
Is @OlympusDAO $OHM overvalued or undervalued?... that's the question I am trying to answer... a thread. Image
#1/15 Note: this is not financial advice... and yes, I have a whole lot of $ohm.... that's why I dedicate so much time to understanding it
#2/15 $OHM valuation is not easy to tackle... as a novel protocol, there's so much to be learned yet
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