If you have ever searched the web for weather data of your county or state, your search engine must have flooded you with a bunch of future weather predictions. Because predictions are cheap and actual past data is rare and expensive to collect.
The Observer blockchain project turns the tables here. The platform offers a decentralized marketplace for past weather data.
This article is your guide to understanding the Observer platform, its native utility token OBSR, the economics of the token, and its past performance.
I will also tell you the expected prices of the tokens and give you details of where and how you can buy them, should you be interested. Let’s dive in without any further delay.
Observer (OBSR) Key Features
Trading weather data | Observer allows individuals and businesses to buy and sell weather data, that are collected from various sources, including smartphones. |
OBSR Rewards | Users who contribute weather data on the platform are rewarded with OBSR coins. |
Localized Data | The Observer platform offers hyperlocal weather information, which is otherwise rarely available. |
Observer (OBSR) Tokenomics
OBSR has a total supply of 14 billion, which is also the maximum supply of the token. At 6,007,080,871 OBSR, only half the number of tokens are in existing circulation.
Observer (OBSR) Past Performance
OBSR started trading in 2019 at $0.0024. The tokens have made considerable gains in the early 2021 crypto bull run.
However, since then, the Observer token has been lagging behind the market. All of that changed yesterday when the token price started to take off.
When I last checked, OBSR was trading at $0.003172, which is over 40% up from yesterday’s numbers.
The market capitalization is now at $19 million. At $44 million, the 24-hour trading volume is nearly a hundred-fold that of yesterday.
Observer (OBSR) Price Forecast
Technical indicators suggest that the current market sentiment is bullish and the fear & greed Index stands at 75, indicating greed.
Observer recorded 16 (53%) out of the last 30 days in the green territory with a 6.80% price volatility. Our analysts think that now is a good time to buy OBSR.
2024: Technical analysis of the recent OBSR data shows that the token’s price is projected to go down by 5.10% and hit $0.0034 by the end of next month.
2025: Going into 2025, OBSR price is expected to be in the range of $0.0033 and $0.0064. If we compare this to today’s price, the token could gain as high as 90.05%.
2030: Skipping ahead into 2030, OBSR price is expected to fall between $0.00061 and $0.00408. In comparison, this will be a meager 19.14% gain in five years.
Where to Buy Observer (OBSR)?
The places where you can buy OBSR with the highest market depth are:
How to Buy Observer (OBSR)?
- First, visit the Bithumb website and create a free account.
- Give your necessary information and complete the KYC.
- Deposit the desired amount of money into the wallet, via bank transfer.
- Now, navigate to the OBSR/USD trading pair.
- Choose ‘limit order’ and place an order.
- When the transaction is complete, your OBSR tokens will be credited to your account.
Conclusion
By creating a decentralized marketplace for weather data, Observer is a truly unique application of blockchain technology. The platform incentivizes users to share weather data by rewarding the contributors with its native token OBSR.
The last time there was a Bitcoin halving event, the OBSR price was heading to the sky. Since the next halving is only a few backs away, our analysts think the token has upside potential.
All things considered, crypto investing is not for everyone. Most experts in the finance domain consider crypto as a risky asset class.
The reader is advised to do a thorough background check before putting their money into such ventures. Moreover, it is also recommended to stay away from leveraged and overly complex financial instruments.