Recently OES listing can be seen on coinmarketcap.com website. Here OES data is showing unverified. Data is accessible due to onchain public blockchain system. We can notice sudden decline in price.
Why OES Price Going Down on CoinMarketCap
Price drop occours because two basic reason.
- Less Demand High Supply
- Less Lequidity
Here in case of OES we can understand both factors in very simple manner.
Less Demand High Supply
As we can see people are holding coins from last 8 years. It means all investors waiting to get returns from their investment.
Since 2014 all are waiting to exchange coins. Coins can be exchanges only by DSP. So, when company use use DSP exchange people try to sell at less price to get exchange.
So, buyers are less and sellers are unlimited. Hence it is creating selling zone at each trading price.
Less Liquidity
As we all know. Exchange is available only on DealShaker through DSP. Hence no big buyer or sellers are entering in to the market.
This cause less liquidity. People are stuck with their holdings.
Hence price is getting down.
Who it Trading OES OneC0in
OES or OneCoin is now on polygon public blockchain. Polygon blockchain is world's top cryptocurrency exchange.
People who have deployed their accounts to polygon can see their account transferred to new system. Polygon data is under company control.
People placing their deals on DEalShaker and geeting loocked their coins on DSP. Now company have right to exchange or swap coins through DealShaker polygon exchange system.
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