How has the premium of OHM token changed over the past 12 weeks? Was there any particular events that contributed to significant changes in the premium?
The aim of this article is to explore the daily trend of premium of OHM token and how it has been changed over the past 12 weeks and identify if there are any patterns observed or is there any particular events that has contributed to significant changes in the premium during this time period.
The Premium value, in general is the discounted rate of OHM tokens, which OHM investors will be receiving for their assets. So, premium value will be calculated based the price of OHM token and its total circulating supply of OHM tokens.
We will be creating required graphs and visualizations, to represent the trends or patterns of premium value of OHM token over the past 12 weeks, its correlation with price and analyze if any particular events have contributed to significant changes on the premium.
Here is the visual that shows the total premium of OHM token over the past 12 weeks captured on a daily basis over the ethereum network and if we closely look at this graph, we can observe that premium was high during the initial 3 weeks of January 2022, later on which it has started coming down while approaching towards the 14th of March 2022.
But, there after it has raised slightly but has followed a consistent trend till the last week of April 2022.
https://analytics.zoho.com/open-view/2478276000000139592/2e9e9de26c171f91590010101c3b9a92
In this below graph, we can see the monthly statistics of average premium value of OHM token over the past 12 months on Ethereum blockchain and could notice that a maximum of average premium of 12.74 has been recorded in the month of Apr 2021, later on which it started with downward trend effective October 2021 till the month of March 2022.
https://analytics.zoho.com/open-view/2478276000000139598
Here is the visual that shows the average price (in USD) of OHM token represented on a daily basis effective 1st January 2022. We can infer from this graph that a maximum OHM token price $324 has been observed on 4th of January 2022, later on which it started to decrease and finally has reached around $27 towards the end of April 2022.