OlympusDAO’s rise indicates this about rebase tokens and the larger market
ambcrypto.comAfter Bitcoin’s fall below the bull market support band, the larger market including most of the top altcoins saw a rebound from the higher price levels.
Paving the way for losses, rebase tokens saw high sell-offs with many of them trading below lower price levels and some even below their “risk-free” value. OlympusDAO (OHM), the top rebase token as per market cap was down 66.49% from its October all-time high of $1,452.
One reason behind the fall of rebase tokens over the last month could be their highly inflationary nature which creates more sell pressure for the tokens. Nonetheless, with the larger market eyeing recovery the Rebase Tokens market cap stood at $5.04 Billion, noting over 5% change over the last day.
At the same time, OHM/LUSD
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