Why Is OGC Pre-market Pumping? | Everything You Need To Know
By Market Steam Dec 14, 2024
Do market makers' increasing interest and the OGC Pre-market price and volume pump reflect insider knowledge of OGC's internal growth?
Discover the real cause of OGC's 400% increase in market price and valuation in this in-depth analysis of the incident.
At A Glance
● As listing optimism grows, OGC Pre-market surpasses its previous record high.
● With more than 10 million members, OGC is a gaming community powered by the OGC token.
● OGC has contributed to the growth and onboarding of committed players and users to web3 projects through a number of strategic industry partnerships.
● The spike in pre-market trading for OGC is a sign of supply drop speculation and internal FOMO.
● The OGC team reaffirmed their dedication to fairly compensating its community for their contributions to the project's overall development.
● OGC's pre-market price surged 400% to reach its highest point ever, $1, and is currently trading in the $0.60 range at the time of writing.
OGC’s Pump Fuels Community Excitements
OGC, which had originally scheduled its token listing for November, saw a spike in pre-market trading volume and price following the taking of an airdrop snapshot.
About 400k users fulfilled all the requirements previously communicated to the community as crucial to being eligible for the OGC token airdrop, the OGC team announced after the snapshot.
As it also discloses seasoned obstacles in listing negotiations with exchanges, the OGC team also reaffirmed its dedication to equitably rewarding committed community members.
As the project prepares to launch on major cryptocurrency exchanges, the team also mentioned that allocations mined by non-qualified members will be burned in addition to the reported numbers on qualifying users.
The pre-market of OGC on Bitget Global saw a price and volume spike in response to the fresh information regarding a possible reduction in the supply of OGC. The community-backed token reached a peak of $1 before retracing to $0.60 at press time.
As OGC's once-limited supply of one billion anticipates a reduction through burns, excitement is in the air. Due to the increase in OGC's pre-market price, a number of cryptocurrency enthusiasts have forecast that the project will become a significant player and mover in the ecosystem.
Bybit, Bitget, Adsgram, Big Time, BingX, Magic Square, and most recently, Consensus Hong Kong 2025, an event hosted by Coindesk, a well-known cryptocurrency media outlet, are among the web3 projects and organizations with which OGC has strategic partnerships.
Why Is OGC Pre-market Pumping?
The predicted reduction in the overall supply of the OGC token is the cause of the pre-market pump in OGC. Additionally, OGC's expanding influence on both new and existing web3 projects through strategic alliances contributes significantly to internal enthusiasm and a rise in market makers' interest.
Even though some community members are still doubtful about the project's long-term viability or its capacity to meet predetermined deadlines, the recent developments, such as the impending burn of tokens belonging to unverified users, have OGC's supporters more thrilled than dismayed by the delayed launch.
The OGCommunity's positive sentiments have the potential to cause FOMO in communities that are watching, which could draw in new partnerships and investments.
Overall, OGC remains the most bullish community-centric project powered by tokenization through the crypto token, OGC.
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