Orchid Price Prediction | Will OXT reach $1? | OXT Forecast
- The highest Orchid price in 2021 is predicted to be around $0.545.
- The lowest expected Orchid price is $0.369.
- Analysts’ Orchid price prediction ranges from $0.377 to $0.945.
This research material is based mostly on technical analysis with a bit of fundamentals, as far as it is applicable to cryptocurrencies. What does that mean? It means that in the review we always try to take into account whether behind a particular cryptocurrency there is a useful project for society, business, or communities. Or is it a coin that was created just for the sake of its creators to make money?
What is Orchid (OXT): The Project Fundamental as an Important Price Factor
Orchid (OXT) is a decentralized VPN (virtual private network) service that connects its users to a global pool of bandwidth providers.
These providers share their bandwidth on Orchid’s peer-to-peer (P2P) marketplace by placing Orchid tokens (OXTs), acting as network nodes. Users connect to these VPN nodes by buying VPN bandwidth with an OXT token. Orchid allows users to easily change providers on the Orchid network with the click of a button.
The Orchid project was created by Orchid Labs, a San Francisco-based company founded in 2017. As for the people behind Orchid, it was founded by 4 people: Dr. Stephen Waterhouse (who was a partner at Pantera Capital and also served on the board of Bitstamp until 2016.) Also, Jay Freeman, Gustav Simonsson, and Brian Fox are co-creators of the Orchid Project.
Orchid Price Prediction for 2021
By following Digitalcoin, during the whole of 2021, if a bullish trend will continue, it may take OXT price to the next resistance levels. Orchid (OXT) price still can be approximately held at$0.4761. 2022 is an important year for Orchid, provided that their project gets enough adoption, more users learn about it, and their products and services get Product-Market Fit. If it takes place, the price can approach $0.5739.
Let’s see what are these predictions are based on.
Orchid Protocol Price, Technical Analysis
The maximum jump in price was before the listing on Binance in August 2020 (about $1). Coins can go from several months to several years toward this goal. In the case of Bitcoin, many expect it to exceed ATH in 2021. But the most conservative approach is to expect slightly less than or equal to that value. So in the case of Orchid (OXT), the price is likely to seek four midterm/long-term price values: 0.51–0.66–0.76–0.85–0.9.
But there are too many factors in the market to guarantee this result 100%.
OXT/USD (timeframe: 1 day) — Technical Analysis for OXT Price Prediction. Source: TradingView
As you can see, the long-term level of support is $0.2, resistance is approximately $0.5. And there are possible target future price levels: $0.76 and $1.
We are convinced that, unlike the stock market, in the crypto market most of the classical indicators, moving averages, and figures do not work properly.
- High market volatility,
- High level of Bitcoin Domination
- Lack of fundamental depth in most cryptocurrencies
- manipulation of big capital (pump and dump), and others
Let’s look at the levels of support and resistance in 2021:
On the chart, you can see a pretty good delta performance (both year-to-date and in October). Throughout the year, the struggle between buyers and sellers is generally weighed. This suggests that the coin is not worthless, and is of some interest. Especially due to its value to users.
Moreover, on the 1-hour timeframe, you can see that the cumulative delta on October 9 showed good positive values with large buying volumes. This was reflected in a strong increase in price (buyer interest).
At the time of writing, the movement looks promising. After the growth of Bitcoin in early October, OXT was in lateral movement for about a week. At the same time, we see a gradual compression of the upper boundary from $0.35 to $0.333. Meanwhile, the local support was still in the range of $0.315–0.32. This was the point where the breakout took place, with the exit beyond the channel boundaries.
If there is no unforeseen trend reversal, it could have a positive effect on the token price.
If we take the value of the starting momentum as an approximate breakout value, we get an approximate price expectation in the short term: $0.366–0.37. Yes, that’s not a lot of X’s, as on Shiba Inu. But it’s even better. After all, it is believed that the more serious the project and far from the scam, the more realistic and less suspicious the movement of the price of coins.
The crypto market, like the stock market, is cyclical. The OXT price has shown adequate movement along with the market in recent years. If the project has positive news (new developments, investments, listing on popular platforms, etc.), the price will definitely move up. But do not forget that any, even the best coin, shows rollbacks and downward movement.
Assuming Alternative Orchid Price Predictions for 2021
Digitalcoin shows quite conservative expectations for Orchid Protocol Token 2021 Price Prediction. In their opinion, it’s more likely to reach $0.48.
TradingBeasts Platform expects the OXT price will increase by 30+% in the next 2–3 months to $0.369–0.54 in November — December.
Orchid Price Prediction 2021–2022
TradingBeasts also built some forecasts for wavy price movement. In 2021, the OXT price can beat $0.52. By the end of 2022, the Orchid price may repeat its market models and figures that you may observe in 2021. All other conditions and factors being equal, the price can reach (or even exceed) $0.57.
OXT Price Prediction for 2023–2025
The WalletInvestor calculates the Orchid price can walk freely in the range of $0.322 to $0.464 in 2021. By the final months of 2025, the coin can demonstrate resulting growth to +44.32%. With further development of the project and strong fundamental positive news, the Orchid price can test $0.989 closing December 2025.
Orchid Price Prediction for 2025
If there are no negative events that affect the general background of the crypto market and the project, in particular, the OXT coin price may reach by the end of 2026 as mentioned in Gov Capital predictions. The current OXT price is $0.315, so in late 2022, its market average price may proceed quite a progressive movement to the level of $1.336. For this, Orchid (OXT) should get widespread use and positive mass adoption. OXT price prediction for 2025 is $0.940. If these factors are in place, the coin could be a relatively interesting investment. But don’t forget about risk assessment.
Orchid Price Prediction 2030
The cryptocurrency market is too volatile to make such a long time horizon. However, with a number of assumptions and preconditions, based on the most distant estimates and forecasts from Digital Coin and Gov Capital, we can expect that the price will reach the marks of $9.567.
Over the past year, the coin has not shown unhealthy (relative to the top 20 coins) pumps and dumps, moving mostly along with the market. And it has good potential, reinforced by the fact that it’s not just a coin for coin’s sake. It is a token of a real project, which is engaged in the creation and development of a new level VPN, as we mentioned in detail in the review.
It is important to understand that no analyst, even the most renowned one, can predict market movements and future average price for guaranteed.
Furthermore, it is best to regularly review the current trend on different timeframes, reconstructing support and resistance levels. And then you’ll know how much to adjust your expectations for the short, medium, and long-term investment outlook.
Frequently Asked Questions About OXT
What Will Be The Orchid Price in 2021?
If the strong bullish trend continues without correction for the whole market, or the Orchid has strong news, the OXT may reach $1 (probability isn’t so high).
What Will Be The Orchid Price Forecast in 2022?
If the strong bullish trend continues without correction for the whole market, or the Orchid has strong news, the OXT may reach an average trading price of $0.98.
What Will Be The Orchid Price in 2023?
If the strong bullish trend continues without correction for the whole market, or the Orchid has strong news, the OXT may reach an average trading price of $1.
What Will Be The Orchid Crypto Price in 2024?
If the strong bullish trend continues without correction for the whole market, or the Orchid has strong news, the OXT may reach up to $0.322 to $0.464.
What Will Be The Orchid Protocol Price in 2025?
If the strong bullish trend continues without correction for the whole market, or the Orchid has strong news, the OXT may reach an average trading price of $0.940.
What Will Be The Orchid Protocol Price in 2030?
If the strong bullish trend continues without correction for the whole market, or the Orchid price predictions have strong news, the OXT may reach $9.567.
Can Orchid (OXT) Reach $1?
Yes, it can be reached. This average price was before the listing on Binance in August 2020 But, most likely, not earlier than in 2022.
Will The Orchid (OXT) Token Go Up?
If the project has positive news (new developments, investments, listing on popular platforms, etc.), the average price will most likely move up.
Is Orchid (OXT) a Good Crypto to Buy?
Yes, it looks like a prospective investment. It has a healthy market move and solid potential, reinforced by its practical value (a new level VPN).
Originally published at https://coinjoy.io.