Let’s kickstart today’s article by laying out the fundamentals of the Autonolas crypto project. Following that, we’ll zoom in on some crucial aspects of the project, shedding light on where you can explore the intricacies of Autonolas independently. Next on our agenda, we’ll dive into our dedicated sections focusing on the OLAS crypto token. As such, we’ll dive into the basics of this cryptocurrency. Then, we’ll explore the Autonolas token’s role, its use cases, and the intricacies of Autonolas tokenomics.
However, as altcoin traders, our primary concern lies in knowing more about the OLAS price. Fortunately, we’ll dissect the asset’s price action and conduct a basic OLAS technical analysis (TA). Moreover, we’ll harness the power of one of the most formidable crypto trading tools – Money Line – to decipher the current price levels of $OLAS. In addition, we’ll provide a speculative OLAS crypto price prediction. Lastly, you’ll discover how to leverage the capabilities of Moralis Money to formulate your own short-term Autonolas price prediction at any given time.
Ultimately, this article is designed to assist you in deciding whether investing in $OLAS is the right move for you. For those of you considering taking a stake in this crypto, we’ll also provide guidance on where to do so with minimal fuss.
What is Autonolas? Exploring the Autonolas (OLAS) Crypto Project
Autonolas presents itself as a groundbreaking crypto project built on the foundation of decentralized governance and innovative blockchain technology. Its main objective is to support the creation of autonomous services.
The Autonolas crypto project provides extensive documentation for developers to learn their way around the Autonolas stack. The latter consists of three main components: the Open Autonomy framework, the Autonolas protocol, and a set of toolkits for building a growing collection of autonomous services. These toolkits are code repositories that anyone can fork to bootstrap common autonomous services.
At its core, Autonolas revolves around the OLAS crypto token, a key element in shaping the protocol’s governance structure and ecosystem. Furthermore, the project brings together a community of veOLAS (vested OLAS) holders, fostering a collaborative environment where stakeholders actively participate in decision-making processes.
Open Autonomy
The Autonolas crypto project offers an open framework (a.k.a. Open Autonomy) for the creation of agent services. The latter are off-chain autonomous services that run as a multi-agent system (MAS) and offer enhanced functionalities on-chain.
It’s important to note that agent services expand the range of operations of traditional smart contracts. Thus, they make the execution of arbitrarily complex operations (e.g., machine-learning algorithms) possible. However, agent services are also decentralized, transparent, trust-minimized, and robust.
The Autonolas Protocol
The Autonolas protocol stands as a groundbreaking collection of smart contracts meticulously designed to orchestrate, safeguard, and administer software code on public blockchains. Rooted in the Open Autonomy framework, it embraces the ethos of autonomous services, offering developers proportional incentives corresponding to their contributions to the Autonolas ecosystem. While starting on Ethereum’s mainnet and Görli testnet, the Autonolas crypto project’s plans involve deployment on other major smart-contract blockchains.
Key components of the Autonolas protocol include:
- On-Chain Registries: The Autonolas protocol boasts on-chain registries, allowing the registration of autonomous services, software agents, and agent components as NFTs on-chain. This enables the seamless combination of components into agents and agents into autonomous services.
- Autonolas Tokenomics: At the heart of the Autonolas economic model is the OLAS token, which functions as a coordination mechanism. We’ll discuss the Autonolas tokenomics further in one of the upcoming sections.
- Governance: Empowering the Autonolas DAO as a decentralized autonomous organization, the governance component provides the means to steer and refine various aspects of the Autonolas protocol. This dynamic governance structure ensures adaptability and responsiveness to the evolving needs of the community.
Decentralized Governance Architecture – Autonolas DAO
The governance system of the Autonolas crypto ecosystem is a robust framework designed to empower the community and guide the evolution of the protocol. Through various control points, including the whitelisting of LP tokens, parameter adjustments, and the allocation of grants, Autonolas’ decentralized governance ensures that decisions are made collectively.
The unique veOLAS virtualized claim on OLAS serves as a non-delegable and non-transferable voting right, enabling veOLAS holders to propose, vote on, and implement changes to the protocol.
Community Building and Long-Term Vision
The Autonolas crypto community plays a pivotal role in shaping the project’s trajectory. As the protocol matures, a key focus is transitioning towards increased decentralization. Autonolas emphasizes the importance of cultivating a passionate and diverse community that extends beyond developers to include creatives, researchers, marketers, and analysts.
The project innovatively explores community-building practices, exemplified by initiatives like Alter Orbis, an open world crafted around Autonolas’ main narratives, serving as a unique sandbox for community engagement and expansion.
From Autonolas to Olas: Evolution of the Project’s Name
Originally known as Autonolas, the project underwent a transformation and adopted the name Olas, reflecting inclusivity and ease of pronunciation. However, remnants of Autonolas persist in various contracts and terminologies, showcasing the project’s evolution.
Just note that the Autonolas crypto project is officially known as Olas, the same as the project’s native token – the OLAS crypto.
If you wish to explore the ins and outs of Olas, make sure to visit the pages outlined above. They will lead you to other valuable resources where you can explore the project in detail.
What is the OLAS Cryptocurrency?
The Autonolas token, or the OLAS crypto coin, is central to the project’s economic model. It is the core of the Autonolas ecosystem. The OLAS crypto is a pivotal element driving the decentralized and autonomous functionality of the protocol.
$OLAS was designed with a vision to align incentives, enable coordination, and foster a vibrant community. As such, it transcends its role as a mere cryptocurrency, serving as the lifeblood of Autonolas’ innovative framework.
Autonolas Token Role and Use Cases
The OLAS token operates as a coordination mechanism within the Autonolas protocol. It seamlessly pairs capital and code in a permissionless manner, establishing a foundation for the creation and sustenance of decentralized autonomous services.
The token also empowers the Autonolas DAO. From that perspective, OLAS plays a central role in decentralized governance. Through the token, the community exercises non-delegable and non-transferable voting rights. This fosters collective decision-making in steering the trajectory of the protocol.
The Autonolas token facilitates the on-chain registration of autonomous services, software agents, and components in the form of non-fungible tokens (NFTs). This functionality enables the composition of agents and services, contributing to the decentralized and secure nature of Autonolas operations.
OLAS also serves as a reward mechanism. As such, it incentivizes developers that contribute to the Autonolas community. Through software composability, reusability, and utility, developers receive fair compensation for their vital role in shaping the ecosystem.
Autonolas Tokenomics
The project’s DAO ensures that the Autonolas tokenomics analysis is an ongoing process subject to refinement. As such, OLAS retains the flexibility to fine-tune protocol aspects, including the potential introduction of advanced tokenomics levels. After all, the ecosystem’s growth is fueled by mechanisms such as bonding, liquidity provision, and the strategic deployment of protocol-owned liquidity into yield-bearing opportunities, cross-chain focus, and more, which could all affect the Autonolas tokenomics (with Autonolas DAO’s approval) moving forward.
Still, let’s cover the gist of Autonolas tokenomics:
- Token on-chain name: Autonolas
- Symbol/ticker: OLAS or $OLAS
- Network: Ethereum (also Gnosis)
- Token type: ERC-20
- Smart contract address: 0x0001a500a6b18995b03f44bb040a5ffc28e45cb0 (Ethereum)
- Minting timestamp: Jun 30, 2022, at 10:26:47 AM (+UTC)
- Total supply: Not capped (limit of one billion OLAS in the first ten years)
OLAS Crypto Price Analysis
Despite being born in June 2022, it wasn’t until July 12, 2023, that the Autonolas token started trading. On that day, it listed on Uniswap at $0.075, and the chart shows its candlestick wicking as low as $0.038. Over the next seven days of trading, the OLAS price increased by approximately 250%, reaching $0.23 on July 21. After that local high, the Autonolas token consolidated between $0.185 and $0.085 until August 9, 2023. On that day, the OLAS crypto started a massive, 17x-plus run, which ended on August 24, 2023, at $1.88.
Next came another cool-down period of 72 days. During this time, $OLAS pulled back as much as 69% from the aforementioned local peak by October 13. However, the $0.58 level managed to hold support and pushed the price higher, back toward the $1.13 resistance.
From there, OLAS revisited $0.71. However, on November 5, 2023, the Autonolas crypto asset started another rally. By December 9, 2023, the OLAS crypto increased by approximately 800%, setting a new all-time high (ATH) at $6.45.
At the time of writing, the Autonolas token sits just above $5, about to touch the currently valid trendline on its log scale:
TA and Money Line
The above logarithmic chart on a daily timeframe outlines the entire price action of the Autonolas crypto asset. We’ve also charted OLAS’ key levels of support and resistance. Plus, we’ve also added a trendline over the token’s trading volume, which was in a clear uptrend as the price was increasing. This is a bullish sign and shows that $OLAS still has a rather strong momentum.
However, switching to the regular scale gives us a slightly different perspective on the ongoing trendlines. In addition, by adding the RSI indicator, we can see that the price and RSI formed a bearish divergence. The latter tends to indicate an incoming correction:
Nonetheless, the crypto Money Line indicator remains bullish on the daily timeframe, and it will remain so if the Autonolas token remains above $4.22:
Note: If you wish to get your hands on the Money Line indicator, you can do so for free once you opt for the Moralis Money Starter or Pro plan.
Autonolas (OLAS) Price Prediction
Just by using the above TA basics and, of course, the power of Money Line, we can offer a short-term Autonolas price prediction. So, the most likely short-term OLAS crypto price prediction is $4.75. If that level were to fail, then the OLAS price would most likely visit the next level of significance. As such, the chance of the Autonolas token revisiting the $3.9 level is relatively high.
However, aside from its bearish divergence on the RSI, the OLAS looks rather bullish. Hence, if the rest of the altcoin market continues to uptrend, the Autonolas crypto could go higher as well.
You can see that our Autonolas price prediction is rather vague. Well, that’s because TA is all about probability and not about price predictions. In fact, focusing on price prediction, especially on a long-term basis, can be highly misleading. After all, cryptocurrencies are extremely volatile, and no one really knows what will happen a week from now, let alone by the end of the cycle.
Still, we can have some fun and offer our OLAS crypto price prediction for the end of this bull market. We would dare to say that $OLAS has the potential to reach $100.
What’s Your OLAS Crypto Price Prediction?
If you wish to play around with your Autonolas price prediction, you may search for similar projects that set their ATH in 2021. Then, take the ATH market cap values and divide them by OLAS’ circulating supply. However, if you really wish to come up with an OLAS crypto price prediction, we encourage you to focus on short-term predictions. After all, by using the best blockchain analytics tools and some TA, you can be quite accurate if you take that approach.
If that sounds interesting, use the Moralis Money $OLAS page from the upcoming section. You’ll find the token’s live price, an interactive chart, and real-time, on-chain metrics on that page. With this combo of insights, you’ll be able to come up with your own short-term Autonolas price prediction with increased accuracy and probability.
Should You Invest in Autonolas?
By using the above-covered details about the Autonolas crypto project and its native token, you should be able to decide if you find this cryptocurrency interesting. If yes, then you ought to research the Autonolas token properly. And this is where the Moralis Money Autonolas ($OLAS) token page enters the scene. On that page, you’ll find all the resources and tools you need to confidently answer the above question. Of course, make sure to also consider your current financial situation and your risk tolerance.
So, if you want to research the Autonolas coin properly and come up with your own short-term OLAS crypto price prediction, follow the above “$OLAS” link or use the interactive widget below.
Where to Buy OLAS?
If you decide you wish to get a bag of $OLAS, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
What is Autonolas (OLAS)? Full OLAS Crypto Analysis – Key Takeaways
- The Autonolas crypto project is all about creating a decentralized ecosystem for off-chain services.
- Autonolas is now officially called Olas.
- The project offers a stack of tools for devs to build autonomous services.
- At the core of the Olas ecosystem is the Autonolas token (OLAS), which has multiple use cases.
- $OLAS started trading in July 2023 and has increased by more than 95x since then.
- Given its recent 800% rally, a correction or some sideways consolidation is the most likely short-term scenario.
- Use Moralis Money’s $OLAS token page to come up with your own short-term Autonolas price prediction.
- By using the resources and tools offered by this page, you’ll be able to decide if you wish to buy $OLAS.
It’s worth reminding you that OLAS is just one of countless altcoin opportunities. As such, no matter if end up buying $OLAS or not, make sure to explore for other altcoin gems. After all, you can do this with ease thanks to Moralis Money.
Aside from offering token pages, like the one outlined above, Moralis Money includes a wide range of powerful crypto analysis tools. These include the best crypto whale tracker, crypto scanner, crypto pump detector, and more. Essentially, Moralis Money is the best crypto trading tool.
