Osmosis Foundation has converted more than 10% of the cash in the treasury into BTC. OSMO appears to be well poised for a rally, but more liquidity is needed. Following its decision to integrate Bitcoin [BTC] into its network for additional security, Osmosis’ co-founder in a tweet on 19 March confirmed that the foundation has […]
. Exchanging hands at $28,223.99 at press time, the leading coin traded at price levels last recorded in June 2022.After trading at a high of $11 in March 2022, OSMO’s value has since declined by 92%. At $0.84 at press time, data from CoinMarketCap revealed that the token’s price had oscillated between the $1 and $0.80 price marks in the last month.
Further, the OSMO’s price traded close to the lower band of the token’s Bollinger Band indicator. While this indicated that the asset was oversold at press time, it hinted at a potential price recovery.
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