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Orchid Price Prediction

Jan 11, 2023
6 min read

This blog post will cover:

  • OXT statistics
  • Orchid Roadmap
  • Crypto community about OXT
  • OXT price prediction
  • Historical price analysis

Orchid Labs is an open source decentralized network. It was created to give users a chance to get rid of surveillance and censorship on the Internet. As an alternative to Tor, Orchid provides customers with more inclusive, liberal internet access. The Orchid app is designed for users as a VPN service for mobile phones or computers.

Orchid's solution motivates people to share their bandwidth with other network members. At the same time, it is very difficult to figure out a particular user of the website.The OXT cryptocurrency is used to pay for VPN services. It is an ERC-20 standard token based on Ethereum.

OXT statistics

The main purpose of the project is to provide the user with privacy, bandwidth and security in one currency. And since all transactions are carried out in the nano-payments category, the platform provides low fees and an easy development process.

Orchid may seem like a promising development, so let's take a closer look at OXT.

According to data on CoinMarketCap:

Price prediction at 01.24.2024:
OXT price: $0.08860038995960239
Market capitalization: $86773370.8718474
Volume (24h): $5559632.48930088
Circulating supply: 979379107.8279902 OXT
Total supply: 1000000000 OXT

Orchid Roadmap

The history of the Orchid protocol dates back to 2017. It was created by Orchid Labs in San Francisco. The first incentivized privacy peer-to-peer network was launched in December 2019. Since launching Orchid in 2019, the network has made tremendous strides. It became faster, easier to use, and many partners were added to it. And currently, Orchid Labs continues to develop and contribute to this protocol.

Unfortunately, there is no project roadmap on the official Orchid website. But here are a few key points in its development.

  1. In October 2019, the platform announced on its Blog their intention to use nano-payments that the customer can turn on and off at any time.
  2. In January 2020, the company notified users of the new partnership. PIA (Private Internet Access) has become a key partner in protecting online privacy and freedom. By using OXT, customers can pay for byte-by-byte private bandwidth through the PIA.
  3. In February 2020, Orchid Labs began partnering with BolehVPN.
  4. In August 2020, the Orchid's token (OXT) was fully integrated with Uphold, a multi-asset trading platform that allows people to buy, sell, and exchange a variety of assets, including fiat currencies, precious metals, and cryptocurrencies. Thus, people can now deposit and withdraw OXT through Uphold to external wallets, as well as buy, store and send on the platform.
  5. In September 2020, Orchid expanded its partnership with Chainlink, a network of decentralized oracles, by introducing a new tool that makes it easier for Orchid users to quantify VPN bandwidth costs.
  6. In July 2020, Orchid announced that users could earn OXT by participating in the new CoinList Rewards program. CoinList has created educational content. Thus, customers can learn more about Orchid & OXT, then complete several tasks (such as interacting with smart contracts) and receive $5 in OXT as a reward.

We can say that these days the Orchid project continues to develop successfully.

Crypto community about OXT

Here is what crypto enthusiasts are tweeting about the OXT token, discussing its possible growth in value in the near future. Many of them make rather optimistic forecasts, referring to the charts.

Orchid price prediction

Some of the crypto traders are confident that the OXT cryptocurrency is one of the best altcoins to invest in.

But there are people who were worried about a certain drop in the value of the token.

Fortunately, this excitement evaporated when the OXT currency started to perform well on the charts again.Mainly, the users see good potential in the development of this cryptocurrency.

Dave Portnoy, who is an American internet celebrity, blogger and founder of the sports and pop culture blog Barstool Sports, has tweeted a livestream where he announces that he has started investing in the OXT cryptocurrency and commented pump-and-dumps alluded to the lack of regulatory enforcement across the industry by the SEC.

OXT's price became extremely volatile following Portnoy's livestream: it rose 22% in a matter of minutes and immediately fell 16%.

OXT price prediction

Now, after you have read about the key aspects related to the Orchid project, we invite you to take a closer look at OXT token price predictions.

Price prediction at 01.24.2024:
Minimum OXT price for 2023: $0.0000010000000000000002
Maximum OXT price for 2023: $0.27062366666666665
Average OXT price for 2023: $0.08157551125541124

Year-end OXT price predictions 2023:
Minimum expected: $0.0000010000000000000002
Maximum expected: $0.20433548387096773
Average expected: $0.08018645161290322

Historical price analysis

  1. All Time High: $1.02 (Apr 05, 2021)
  2. All Time Low: $0.1059 (Mar 13, 2020)

Orchid is one of the smallest projects that has attracted the attention of investors. It is ranked 180th according to with a market cap of approximately $280 million.Cryptocurrency public trading began in December 2019. The price quickly rose from $0.30 to $0.43, but then declined in the first quarter of 2020, dropping to a low of $0.13 in early April 2020. It then rose from $0.18 to $0.53 in August 2020.The OXT price was around $0.20 in November and December 2020. But then it began to rally in January, rising from $0.23 in late December to a record high of $1.02 on April 5, 2021.

Let's take a look at what some crypto enthusiasts predicted in October 2020 about a possible rise in the price of the OXT token.

So we see that people are expecting OXT to reach $1.50 by May 2021.

Orchid Labs has created the world's first VPN on blockchain. The project has attracted considerable capital from private investors, and its token is now available to ordinary users. VPN services provided by Orchid are certainly a valuable commodity because online privacy and security are becoming increasingly important in the modern world.

At this stage, the platform is developing very quickly and confidently. Even though Orchid is still only a pioneer in the field of VPN, many people believe in its future success.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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