The extreme volatility and recent collapse of OM, investing now carries very high risk. Here are key points to help you decide:
Reasons to Be Cautious
Confidence is still low: The price hasn't recovered significantly, which suggests investors are still skeptical.
Extreme volatility: A sudden drop like this can easily happen again, especially if liquidity is still thin.
Unknowns remain: Despite the team’s response, there's still uncertainty about what exactly triggered the crash and if it could repeat.
Technical indicators: Analysts are still seeing bearish signals, meaning the price could go even lower.
Reasons Some Might Consider Investing
"Buy the dip" strategy: If you truly believe in the long-term fundamentals of the project, this might be seen as a discount entry point.
Token burn and decentralization plans: The team is trying to restore trust by burning tokens and reducing internal control.
My Advice
Unless you:
thoroughly research OM's fundamentals,
are prepared for high risk,
and only invest a small amount you’re willing to lose.
It’s better to wait and observe how the project and market react over the next few weeks. $OM