Attention, crypto fans! How's life treating you? A big news story is coming that has traders with their hearts in their hands.
Hold on to your seats, because the Origin Protocol (OGN) is on a roller coaster worthy of an amusement park. What was coming was a crazy rise, but now there are a couple of bumps in the road that we cannot ignore.
On one hand, the OGN DAO has a great plan: they are going to buy more than $3 million of their own tokens! 💸 This is like a birthday party where the drinks run out and there's only one left. What happens? The price goes up because there are fewer tokens floating in the market and more demand. The idea is that everything they buy goes to those who are staking, that is, to those who keep their tokens to keep the network running. This is a virtuous cycle: more people hold tokens, there is more money in the network, and it keeps going and going. And watch out, this trick has already been seen in other projects like MakerDAO and Synthetix, where their tokens soared between 50% and 200%. Just to show you!
But, not everything is rosy! 😩 This is a sector of real-world assets (RWA) that is on fire 🔥 and OGN is fighting with giants like Chainlink, which has more money than Scrooge McDuck. Although OGN has done well with its OETH token and has attracted more than $200 million, its market capitalization of $48 million leaves it a little vulnerable. It’s like a small fish in a pond full of sharks.
And the bombshell coming from across the pond is that Indonesia 🇮🇩 is going to raise taxes on crypto in 2026. This could be a headache for OGN because many of its traders, who account for 65% of its daily volume, are from there. More taxes means that it becomes more expensive for people to buy and sell, and that could discourage people and reduce activity. It’s like suddenly the entry to a concert of your favorite band costs double. Who likes that? 😫
In summary, OGN has a powerful engine with its buyback plan and the new launch of Origin Vault promising a 23% annual return, but the competition and new rules of the game in Southeast Asia are a challenge. The key is to see if staking rewards will be so good that people won't mind paying higher taxes.
Do you think the buyback plan is enough to keep OGN at the top, or will the taxes in Indonesia trip it up? The game is just beginning and we can't lose track of this protocol.$OGN