OXT is the unique Orchid cryptocurrency that is used for trading value on the orchid network pay-per-use system. Orchid (OXT) is a coin that powers the unique Orchid – a decentralized protocol based on the Ethereum blockchain intended to function as a shared VPN.
Plan is to build a network and marketplace for decentralized services. Our nanopayments architecture enables rapid payments over any blockchain.
Dr. Steven Waterhouse, Co-Founder / CEO at Orchid Labs
Geographical constraints, censorship, and restricted access to only specific products and services have increased the popularity of VPNs. Still, there are a few drawbacks to the “traditional” VPN providers: the users’ data is taken on a central server, making it susceptible to cyberattacks or government body scrutiny.
Orchid has developed a protocol to address this issue by enabling consumers to purchase bandwidth from a worldwide network of suppliers. As a consequence, a decentralized, secured, and scalable VPN is created.
The project’s primary goal is to offer the user privacy, bandwidth, and security all in one coin. Furthermore, since all transactions are in nano-payments, the platform provides minimal costs and a simple development procedure. Orchid seems to be a helpful technology, so let’s take a deeper look at OXT
What’s the Orchid Protocol?
The Orchid protocol makes use of a complex nano-payments technology, which significantly lowers the transaction time between such a user’s query being made and executed, as well as the time required for nano-payments to be successful. The off-chain approach improves transaction speed and scalability while lowering transaction costs.
The network’s transactions are performed using the OXT coin. Bandwidth providers are encouraged to stake OXT coins collected as nano-payments on the network to improve their chances of receiving rewards. This method guarantees continuous demand for the native Orchid cryptocurrency and a long-term incentive system to maintain the nodes’ reliability and reach.
OXT roadmap
The Orchid protocol has a history that spans back to 2017. Orchid Laboratory in San Francisco invented it. In December 2019, the first rewarded privacy peer-to-peer service was introduced. Since the network’s inception in 2019, Orchid has already made tremendous progress. It’s become faster and more efficient to use, and many new partners have been added. Orchid Labs is still developing and contributing to this protocol.
In Oct. 2019, the platform announced on its website their actual intent for using nano-payments, which customers can enable and disable at any time.
The company informed users of the joint initiative in January 2020. PIA (Private Internet Access) has emerged as an essential ally in the fight to protect web privacy and freedom. Payment can be made for byte-by-byte private bandwidth via the PIA by using OXT. Also, Orchid Labs started working with BolehVPN in Feb 2020.
The Orchid token (OXT) will be wholly integrated with Support. This trading platform involves buying, selling, and exchanging a wide range of assets, including fiat currencies, rare metals, and digital currencies, in August 2020. People can then use Uphold to fund and withdraw OXT to external wallets and buy, store, and send OXT on the platform.
Orchid spread its collaboration with Chainlink, a network of decentralized oracles, in September 2020 by introducing the new tool that makes things simpler for Orchid clients to calculate VPN bandwidth costs.
Orchid reported in July 2020 that users could indeed earn OXT by getting involved in the novel CoinList Reward scheme. CoinList has produced educational materials. Therefore, customers can learn further about Orchid and OXT, then finish a series of tasks (such as direct interaction with smart contracts) to receive $5 in OXT as an incentive. We can conclude that the Orchid project is progressing well these days.
Orchid Overview
OXT Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
 | OXT | $ 0.314775 | $ 186.61 M | 4.22% | 591.54 M | $ 6.98 M |
Orchid price history analysis
$1.02 is the all-time high (April 05, 2021)
$0.1059 is the all-time low (March 13, 2020)
Orchid is also one of the minor initiatives that have piqued the interest of investors. According to Coinmarketcap.com, it currently ranks 180th, with a market cap of roughly $280 million.
The public trading of cryptocurrencies started in December 2019. The price increased rapidly from $0.30 to $0.43 but then fell in the first quarter of 2020, reaching a low of $0.13 in April 2020. The price then increased from $0.18 to $0.53 in August 2020. In Nov and Dec 2020, the price of OXT was about $0.20. However, it started to rise in January, going from $0.23 in December to the highest price of $1.02 on April 05, 2021. The OXT price climbed to $0.7634 on 2 November, its highest level since mid-May, when cryptocurrency markets sold off their highs. It had previously spiked as high as $0.8631 on 17 April. The price briefly slipped to a small year-to-date loss in June, trading below the $0.20 level, having started the year at $0.2228. OXT then moved up to $0.5146 on 25 August during the summer rally and bottomed at $0.2874 in late September as the markets dipped.
According to our in-depth technical analysis of OXT token price history, the price prediction (2022) of Orchid is expected to hit at least $0.80 in 2022. As of this writing, OXT is trading at $0.3131 against the USD. The coin skyrocketed to $0.5045 around the close of last year on December 27th. The coin slumped towards the $0.30 mark and is still in a continuous downtrend. Orchid’s daily trading volume went down by 28.72 percent over the last 24-hours and is trading at $28M. According to Coin Market Cap, the market value recorded a 4.45 percentage drop since yesterday and is now trading at $216M.
If you are a crypto investor, you may be interested in the Orchid price forecast for the end of 2030 or even what Orchid will be valued in 2030. Is Orchid a smart investment or a worthwhile purchase in 2030? Will the price of OXT exceed its all-time high? These are our Orchid price forecasts for OXT’s future price.
If you are a cryptocurrency investor, you may be wondering what the Orchid price prediction for the end of 2022 is or what Orchid will be worth in 2023. Is Orchid a worthy investment, or should you purchase it in 2022? Will the price of OXT exceed its all-time high? These would be our Orchid price prediction for OXT in the future.
Orchid Price Predictions 2021-2030
2021 Orchid Price Prediction
As per the Orchid Price prediction and technical analysis, the OXT price rise is projected to cross a mean price level of $0.43 in 2021, with the floor price value of Orchid anticipated to be $0.41 by the end of this year. Furthermore, OXT has the potential to achieve a maximum price of $0.46.
By the end of October, the average price of Orchid (OXT) maybe $0.41. OXT may trade at a maximum value of $0.42, with a minimum anticipated price of $0.37.
The price of Orchid is expected to reach an average monthly limit of $0.42 in November, with the currency trading between a high of $0.44 and a low of $0.40.
The price of Orchid is expected to be about $0.41 in December 2021. The Orchid price may reach a high of $0.46 in USD, with an average trading value of $0.43.
2022 Orchid Price Prediction
In 2022, the Orchid price may reach a high of $0.72. With an estimated average price of $0.62.
2023-2024 OXT Price Prediction
According to the projected price and technical analysis, the price of Orchid is expected to hit a minimum of $0.89 in 2023. With an average daily trading price of $0.92, the OXT price may reach a high of $1.05.
In 2024, the price of one Orchid is projected to fall to a minimum of $1.30. In 2024, the OXT price may reach a high of $1.55 with an average of $1.34.
2025 Orchid Price Prediction
The price of orchids is expected to go as low as $1.91 in 2025. According to our results, the OXT price may reach a high of $2.22, with an average predicted price of $1.96. Over the longer term, DigitalCoin’s 2021-2025 Orchid price forecast projects that the price could rise to an average of $0,8147 in 2022 from $0,6759 in 2021. price averages $2025, and then rises further to an average of $1,3400 in 2,0400, with a peak of $2028 during that period.
2026 Orchid Price Forecast
According to our in-depth technical analysis of OXT price history, the price of Orchid in 2026 is expected to be approximately $2.74. The Orchid price may reach a high of $3.31 in USD, with an average daily trading value of $2.82.
2027 Price Prediction for Orchid (OXT)
The price of Orchid is expected to hit a minimum of $4.15 in2027. Throughout 2027, the Orchid price may reach a high of $4.77, with an average market price of $4.26.
2028 Orchid Price Forecast
According to forecasts and analytical analysis, the price of Orchid is projected to hit a minimum of $6.26 in 2028. The OXT price may reach a high of $7.10, with an average price of $6.43.
2029 Price Forecast for Orchid (OXT)
The price of Orchid is expected to hit a minimum of $8.50 in 2029. Throughout 2029, the Orchid price may reach a high of $10.75, with an average daily trading price of $8.82.
2030 Price Forecast for Orchid (OXT)
The price of orchids is expected to fall to as low as $13.14 in 2030. According to our results, the OXT price may reach a high of $14.94, with an average predicted price of $13.58.
Fundamental Analysis for Orchid (OXT)
Orchid (OXT) is a coin that powers the innovative Orchid — a decentralized protocol established on the ETH blockchain intended to function as a decentralized VPN. Regional regulations, censorship, and restricted access to specific products and services have increased the popularity of VPNs. Still, there are some drawbacks to the “traditional” VPN providers: the users’ information is collected on a centralized server, making it vulnerable to cyberattacks or government agency scrutiny. Orchid has developed a protocol to address this issue by allowing users to purchase bandwidth from a worldwide network of providers. As a result, a distributed, secure, and optimized VPN is created.
The Orchid protocol makes use of a sophisticated nano-payments system, which significantly reduces the transaction time between such a user request being made and processed, as well as the time required for nano-payments to be successful. The off-chain solution improves transaction speed and scalability while lowering transaction costs.
The network’s transactions are conducted with the OXT cryptocurrency. Bandwidth services are encouraged to stake OXT tokens earned as nano-payments on the system to increase their chances of receiving rewards. This method guarantees consistent requirements for the native Orchid cryptocurrency and a long-term incentive system to ensure the nodes’ consistency and reach.
Technical analysis for Orchid (OXT)
Amidst its relatively long bearish trend line beginning in May, the orchid coin price appears to remain above the support line at $0.2 in the summer of 2021. At the same time, the OXT token valuation has not increased significantly in recent months.
The most problematic pattern in Orchid price fluctuations has been the formation of a head and shoulders trend since late June — there have been two peaks, with a third potentially on the way. If this occurs, OXT’s speculations for the near future will be pretty pessimistic, as this is a bear market sign. On the other hand, the same price action can be interpreted as good news for Orchid — even without the 3rd peak, the OXT price graph in June — July 2021 still shows bullish flag features, indicating a possible trend reversal for the Orchid protocol token.
Conclusion
The assessment cited above shows that Orchid (OXT) forecasts are somewhat contradictory. There is no unanimous consensus on whether future OXT price action will be positive or negative. Indeed, future potential growth is dependent on a variety of factors, including announcements, new technological solutions developed by the Orchid developments, the general crypto environment, legal status, and so on. We want to remind you that it is critical to conduct your research and follow investment advice before making investment decisions.
FAQs
What is the purpose of OXT?
The OXT cryptocurrency is used for transactions on Orchid, a network that provides customers with distributed VPN services. OXT tokens are used to buy Orchid and sell Orchid.
How do I buy OXT?
If you want to invest in OXT right now, you can do so on crypto exchanges such as Kraken, Binance, and Coinbase. The coins could then be transferred to a protected hardware or software wallet for safe storage. Users can also trade OXT utilizing contracts for difference (CFDs). CFDs enable you to predict short-term price volatility without purchasing the underlying coin.
What will the value of Orchid be in 2030?
At the end of 2030, the OXT price is expected to reach a high of $14.94 and a low of $13.14.
Is there hope for Orchid?
In terms of pricing, Orchid has a tremendous opportunity to soar to new heights. It is expected that the value of OXT will rise. According to certain specialists and business analysts, Orchid may reach a high of $14.94 by 2030.
Is it worthwhile to invest in Orchid in 2030?
The value of orchids is likely to grow further as scarcity encourages price increases. Please keep in mind that every investment involves some risk. Invest in what you can do before drawing any judgments and conducting as much research as possible.
Is OXT a worthwhile investment?
OXT crypto may be an excellent investment since it is still relatively young, and its price may soar as it reaches its full potential. These changes may be tracked by monitoring OXT coin news and looking at Orchid protocol price technical and fundamental analyses like the ones provided on this page.
What is the value of Orchid?
In July 2021, the Orchid token was valued at around $0.2–$0.3. Orchid crypto has a lot of potential worth, so keep an eye out for price swings. It is worth noting that long-term Orchid (OXT) price forecasts are mainly favorable.
How high can the orchid OXT price go?
Predictions for orchid prices in 2025 indicate that they may reach $2. This is a long-term Orchid price prediction, so keep that in mind if you’re anticipating OXT to skyrocket.
Is it worthwhile to invest in Orchid?
Orchid is unquestionably wise to invest in, but there are dangers, like with every cryptocurrency. Because this market is more erratic and unpredictable than others, the fate of Orchid cryptocurrency may alter at any time. We recommend that you conduct your research before making any financial choices.
What will the value of Orchid be in 2021?
At the end of 2021, the OXT price is expected to reach a high of $0.46 and a low of $0.41.
Is there hope for Orchid?
In pricing, Orchid has a tremendous opportunity to soar to new heights. It is expected that the value of OXT will rise. According to specialized investors and corporate analysts, Orchid could reach a high of $14.94 by 2030.
Is it worthwhile to invest in Orchid in 2021?
The value of orchids is expected to rise further as scarcity incentivizes price increases. Please keep in mind that any investment involves some risk. Invest in what you can accomplish before drawing any conclusions and conducting as much research as possible.
What is the purpose of OXT?
The OXT cryptocurrency can be used for exchanges on Orchid, a network that provides users with distributed VPN services. OXT tokens are used to sell and buy these services.
Source: https://www.cryptopolitan.com/oxt-price-prediction/