Orbs is a public blockchain that provides scalable, low-cost, and user-friendly solutions for large scale applications. It has a native token called ORBS which is used to pay for the services, select validators, and maintain the network.
It uses a novel consensus mechanism called Helix, which relies on random committees of validators to achieve fast and secure agreement. It also supports full blockchain stack and virtualization, which allows for interoperability and customization.
Orbs was founded in 2017 by a team of experts in engineering, business, and science, and has a fixed supply of 10 Billion ORBS tokens.
Orbs Crypto Price Technical Analysis
The Orbs price has witnessed an upthrust in recent sessions after it bounced from the support level of $0.038. The price underwent correction in the short term trend. The recent correction has dragged the price below the 50-day EMA, highlighting weakness in the chart.
Moreover, the long term trend is still positive. The bulls are firmly established near the $0.038 level. The price retested the support level multiple times. Also, the bears are trying to accumulate near the $0.05 level and dump the price.
The EMAs imply a bullish outlook in the long term. However, the price has dropped below the 50-day EMA and is a concern for the buyers in the short term. At the time of writing, the RSI line slipped below the mean line indicating a short term correction.
Orbs Price Prediction 2023
The price prediction for 2023 showcases a neutral to bullish outlook in the short term. The most optimistic price forecast of the analysts expects a price hike of 26.15%. The price could advance to a high of $0.052 by the year-end. However, the pessimistic view of analysts predicts that the price could drop to $0.0341.
Orbs Price Prediction 2024
As per our analysts, the most optimistic target that the Orbs token may achieve is $0.0926; suggesting an upside potential of 126.14% from the CMP. The average analyst price target to be attained is $0.0773 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $0.0638.
Orbs Price Prediction 2025
According to the most optimistic analysts’ projections, the ORBS price could reach up to $0.137 in the next three years as its highest value. The price may surpass $0.1152 according to the average forecast of the analysts. The minimum forecasted price by the end of 2025 is $0.0942.
Orbs Price Prediction 2026
The price analysis for the year 2026 shows that the ORBS cryptocurrency may achieve $0.180 as the highest price. The bearish view of the analysts expects the price to reach a low of $0.127 by 2026.
Orbs Price Prediction 2027
The most bullish analysts foresee a potential value of $0.265 by the year 2027. A minimum price target that the ORBS crypto may achieve by 2027 is $0.198.
Orbs Price Prediction 2028
The price forecast of the Orbs crypto shows that it may reach a high of $0.365 by 2028 if the most optimistic condition prevails. By 2028, the analysts’ lowest forecast for Orbs is $0.277.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
Source: https://www.thecoinrepublic.com/2023/12/22/orbs-price-plummets-will-investors-cash-out-lose-confidence/