The blockchain industry and technology have been revolutionary, with its implementations being widely used in almost every industry. The art world has seen the growing popularity of Non-Fungible Tokens or NFTs in recent years. Digital art is now being sold online in the form of NFTs, making millions of dollars for collectors and users.
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Digital art has seen growth with the sale of games and even music. The popularity of NFTs with the use of blockchain has opened new possibilities for creators and developers of digital artwork. ECOMI is one such platform looking to leverage off of this growing trend.
The Overview of ECOMI
ECOMI is a Singapore-registered business founded by David Yu. ECOMI is heavily invested in the digital collectible space. It aims to create the world’s best platform to purchase, protect, and collect premium digital licensed collectibles using decentralized ledger technology. It has two main elements: the former ECOMI Collect ecosystem and the ECOMI Secure Storage Wallet.
The ECOMI Collect application will allow users to buy, sell, and trade premium licensed collectibles and other virtual assets. The app will enable users to browse different categories and purchase virtual collectibles, becoming the official owner of that digital artwork.
The VeVe store will also have a secondary marketplace, an augmented reality showroom, where users can buy, sell and trade with other community members. All these transactions will be carried out using the native currency of the ECOMI ecosystem called OMI tokens. These tokens are used to purchase virtual collectibles or artwork via staking; open premium features access.
The Secure Wallet is a wireless, credit card-sized hard wallet for the cryptocurrency token ECOMI utilizes. This wallet is never connected to the internet directly, keeping the digital assets safe from virus attacks or a person with malicious intent. The users can interact with the Secure Wallet using the companion app available on Android and iOS. This allows the users to carry out transaction options such as sending or receiving cryptocurrencies.
Introduction to VeVe & Secure Wallet
The VeVe, formerly known as ECOMI Collect, is an app that aims to be the best marketplace for a premium licensed digital collectible. VeVe pairs up with brands like Ghostbuster, Batman, NFL, Superman, MLB, Harley Quinn, and many others. The collectibles are arranged in categories, where users can select which artwork they are interested in, and buy, sell, swap, or trade using these NFT digital collectibles. The authenticity, scarcity, and ownership of digital collectibles are managed using distributed ledger technology. VeVe has deployed the OMI token and digital collectible NFT on the GoChain Network for efficiency and to reduce the congestion on its blockchain.
The Secure Wallet is a hardware cold storage device that protects private keys. This is a wireless design like a credit card. The Secure Wallet is designed to be impenetrable to malicious cyber attacks as it never gets connected to the internet directly. The user can connect the card with their app on the phone by pairing it with an encrypted Bluetooth connection.
The user can view their balances and feedback information on the e-paper display on the secure wallet. Other operations are carried out via ECOMI Secure Wallet App. This allows users to maintain direct control over their private keys, see cryptocurrency balances, view transaction history, and send or receive the supported cryptocurrencies.
ECOMI Market Sentiments
The virtual goods market is valued at $80 billion annually, and it is safe to say that this is a big number for something that has existed for a while. At the same time, collectibles have existed throughout human history and have a market, such as toys and paintings. Digital coins are relatively new. The crypto market space is expected to grow to $100 billion within the next few years and has a bright future.
It is possible that the digital goods industry might be the next big thing. And this might also be used in some ways in Metaverse projects we hear about. Facebook is creating markets for metaverse, and the use of digital collectibles in it might be a way to increase their revenues. Opportunities lie in new and emerging markets, so it is predicted that ECOMI may be very profitable in the next decade, provided it continues to grow exponentially.
ECOMI positively correlates with ADA, EOS, XEC, BAT, and FIL which means that these coins will trend most commonly in a similar direction. Whereas ECOMI negatively correlates with CDAI, THETA, EGLD, UST, and CUSDC, which means that the price of OMI will trend in the opposite direction compared to these coins.
ECOMI Technical Analysis
The ECOMI price exploded suddenly in March 2021, sending the price from $0.003 to $0.013 in just a few days resulting in high volatility. But soon, the price of the OMI coin started to trend down for the next few months, and the Bollinger Bands show that the volatility was at an all-time high during the month of April. This volatility stabilized over the next few months as the ECOMI price decreased again, hitting record low levels.
In July 2021, the price of OMI started to pick up again with high volatility, raising an Overbought Signal on the RSI Indicator. The ECOMI price at this time was near $0.004. The Overbought Signal was accurate, and OMI’s price soon began to trend down again.
Since September, however, we have observed three instances of heavy accumulation as the RSI indicator hits overbought condition three times, but this hasn’t worked well for the ECOM price. Investors should note that RSI Indicator works very well in a sideways trending market, and if the coin is trending upwards, the RSI indicator might not be the best tool you should use.
The highest accumulation period for the ECOMI coin was in March 2021. Since the downward trend continued from April, the Accumulation/Distribution Indicator also indicated a downward line. The ECOMI price touched its 50-day moving average in July as the price started to rise again.
But after that, the year 2022 has not been a good one as the ECOMI prices have been continuously falling. There has been red candle formation in the last 2 days, and the OMI cryptocurrency prices are incurring losses to the traders. The coin made a new all-time low at $0.0009812 just a few days ago. The current price of the coin is $0.001484, which is 10.43% more than yesterday’s price. The current price is also not close to the 50-day moving average, so there isn’t any chance of a breakout in the short term.
OMI Price Prediction: Expert’s Opinion
As per the OMI price forecast by Wallet Investor, ECOMI is bad crypto for a long-term investment. Investors may lose their money as the ECOMI price is expected to fall even more compared to the past few days.Wallet Investor
GOV Capital’s ECOMI (OMI) price prediction suggests that the asset will be an excellent addition to your portfolio in the future. The price of ECOMI for the next year is expected to be $0.0086. The ECOMI price after 5 years is estimated to be around $0.0255 as per the current market sentiment.GOV Capital
According to the Price Prediction’s ECOMI coin price prediction, the price can go as high as $0.003 in 1 year. Whereas the average price, minimum price, and maximum price for the year 2025 might be $0.006, $0.006, and $0.007, respectively, as per the OMI forecast.Price Prediction
ECOMI Price Predictions: 2022-2026
The ECOMI forecast is based on price analysis, the technical analysis combined with predictive data modeling algorithms. Please note that this OMI price prediction should only be interpreted as a suggestion, not as investment advice, as it is impossible to predict the price of anything perfectly.
Conduct your own research regarding crypto projections before making any investment decision or investing in the crypto world. However, keeping all this aside here is our long-term data on OMI price prediction.
ECOMI Price Prediction 2022
As per the ECOMI forecast, the price of ECOMI is predicted to reach a minimum level of $0.001. The ECOMI price can reach a maximum level of $0.002, and the average price will be around $0.0015 based on our ECOMI (OMI) price prediction 2022. The ECOMI price rise for the short term may not be very huge.
ECOMI (OMI) Price Prediction 2023
The price of ECOMI is forecasted to reach a minimum value of $0.002, with a maximum price of $0.003 in the year 2023. At the same time, the average trading price throughout the year is expected to be nearly $0.0025 as per our OMI price prediction.
ECOMI Coin Price Prediction 2024
As per the price analysis & OMI price prediction models, the minimum price level of ECOMI (OMI) is expected to be $0.003. The maximum price can be $0.005, with an average trading price of around $0.004 throughout 2024.
OMI Price Prediction 2025
According to the technical analysis for the year 2025, the minimum price of ECOMI (OMI) can be $0.005, and the maximum price level can be $0.009 based on our ECOMI (OMI) price prediction. At the same time, it is expected that the average price of the coin can be $0.007 in 2025.
OMI Price Prediction 2026
The OMI price predictions model shows that the minimum price of OMI is expected to be $0.008. The highest price can be around $0.02, maintaining an average price of $0.01 in the year 2026. According to the ECOMI price forecast, the coin’s future value will increase; however, the rate at which the value will increase may remain low. But that doesn’t mean that the coin is not a good investment. Investing at the current price may give some nice returns in the long run.
Frequently Asked Questions
Where can I buy OMI coins?
You can buy ECOMI or sell ECOMI on various exchanges, including BitForex, AscendEX (Bitmax), and Gate.io. As per the OMI forecast and the other prediction, it is not so good investment for the future, especially for the short term.
Is ECOMI a good investment?
No, ECOMI is not a profitable investment in the short term. The cryptocurrency market is quite down and volatile right now, so investing in a coin like OMI can be risky. There is no confirmation that the future price of OMI will increase in the future. OMI may increase in value over the decade, but the chances of prices significantly increasing are not there. However, the OMI coins are secure enough for long-term trading & investment.
How much is ECOMI worth?
The ECOMI price today is $0.001484. The current market capitalization of ECOMI is near $395,804,535. The fully diluted market cap is about $461,279,520, with the current market rank of #4137. The total supply of coins is 310,884,471,276. The last 24-hour trading volume is at $80,372.
Is ECOMI Network secure?
The ECOMI Network uses GoChain Blockchain, which uses a GO20 token. GoChain is scalable and decentralized, supporting smart contracts and decentralized applications or dApps. It is also backward compatible with Ethereum, so it is pretty safe.
What is unique about ECOMI?
Being in the marketplace for digital artwork is a unique feature of ECOMI. Although blockchain technology is being used in every existing industry, ECOMI is creating an industry of its own. The sale of digital premium licensed goods was unheard of before NFTs. Though some spaces such as games have started using NFTs in their ecosystem, ECOMI has done quite a nice work making its presence known in the digital market.
What is the ECOMI (OMI) Price Prediction 2030?
The ECOMI (OMI) price prediction based on the historical data, it is expected that the value of OMI reach an average trading price of $0.05. The maximum and minimum price levels are expected to be $0.07and $0.03. Investors must be very wise while they invest their hard-earned money before making a new addition to their portfolio.