Orion is a new protocol meant to aggregate all cryptocurrency exchanges. It aims to solve all the painful points of popular blockchains and provide a secure way to buy and sell cryptocurrencies, so you don’t need to switch from one exchange to another.
However, is Orion any different from other crypto exchanges? Will the ORN token perform like a champ?
Let’s explore more.
What is Orion?
Orion is a protocol that lets traders buy and sell cryptocurrency from one place. Traders will be able to access all cryptocurrencies in the market and trade with more convenience.
Another important benefit of Orion is its high liquidity, or in other words, the protocol allows traders to exchange one cryptocurrency for another one or fiat currency easily.
Additionally, Orion will support fast transactions and offer lower fees. You can also trade on all exchanges without the need for registering.
What is ORN Token?
ORN is the native token of the Orion protocol. It allows token holders to enjoy several benefits like lower fees and access to advanced features. In addition, ORN owners can use their coins to earn returns in multiple ways and the token also helps facilitate trading on the platform and pay for the fees.
ORN ranks at 240 among global cryptocurrencies and is currently priced at $8.22 but has come down in value by 7.1% in the last 24 hours.
Let’s find out how it could perform in the future.
ORN Long-Term Price Analysis & Prediction
Interest around ORN began generating around March 2021. It peaked at $29.25 on March 22, which was also an all-time high.
However, ORN ran out of luck after May 2021, when prices were around $16. After that, ORN performed badly till August, after which prices started to rise again.
Despite the current dip, ORN has grown by 11.5% in value over the past week. It has also increased in price over the last fortnight, but the monthly performance is discouraging; in the last 30 days, ORN has declined in value by 14.2%.
The dip in prices is not a cause for concern, as per experts. ORN performs well in the long run, as is evident from its yearly growth. In the last year, ORN grew in value by 289%.
According to predictions, ORN could continue to increase in value in the coming months. By the end of 2021, the token could climb to $15.79, as per WalletInvestor, and it could also reach the $44 mark in 5 years if the prices continue to rise.
However, other predictions indicate that ORN may sell at $24.50 in 2025. It will grow in value, but the percentage may remain modest.
Orion is an emerging protocol and carries a lot of potentials. ORN tokens are also performing averagely in the long run and can experience more growth. However, prices can also turn volatile as ORN is a cryptocurrency. Therefore, research before you invest for better outcomes.