What is OXT coin? Orchid (OXT) is an Eth token that runs the Orchid network, a peer-to-peer anonymity tool with a decentralized VPN, and other factors that might influence users more control over their Connection to the internet. Read our Orchid price prediction to find more.
OXT Price Prediction | Introduction
The latest OXT price prediction predicts the cryptocurrency is on track for the record-breaking end of the year. From bullish to bearish price predictions, getting to know the best time to go all-in on OXT can be overwhelming. To help you get your bearings with Orchid, we have narrowed down the top OXT price forecast for the rest of the year.
At the time of going to press, the price of OXT, according to CoinMarketCap, is $0.3353. The market cap can be computed to an impressive $290 million, whereby the fully diluted market cap is more than $430 million. From the onset, these figures appear attractive for crypto seeking to fight for internet privacy.
As with most cryptocurrencies and blockchain projects, Orchid is working on disrupting internet norms. Orchid is a clear favorite of blockchain-powered VPNs, and every OXT price prediction reflects the same. Like every other price prediction we have analyzed, here is a complete break of the most-likely future of OXT.
OXT Price Prediction: Technical Analysis
While OXT prices have steadied after a string of bearish moves in the latter half of 2021, the selloff reveals how nervous traders were at the $1 price level. In this section, we will do an OXTUSD technical analysis on the weekly chart to examine the viability of each OXT price prediction and identify key stories that may prevent the price from moving further.
As the above chart suggests, there was a dramatic struggle between buyers and sellers for the better part of 2021, judging by the long-legged Doji formation. In addition, the price has on multiple occasions attempted to test the support level at $0.153 but failed to do so in the presence of huge buying volumes. As a result, we can conclude that prices may potentially move to the upside from $0.6762 to at least $0.8458.
A local support level at $0.2295 and $0.2177 is forming on the OXTUSD daily chart. That level may be retested soon as OXT can pull away from its current levels despite substantial trading volumes. If OXT price breaks successfully through the $0.6762, the next price target will be the high of 2020 at around $1. The MACD and Stochastic RSI can be used to prioritize the eventual OXT price prediction.
The indicator reading from the chart above allows us to make OXT price prediction based on the Stochastic RSI, approaching the bearish area, which puts pressure on buyers. There is not enough room for MACD to play flat any longer. Therefore, even a downside scenario is not likely to develop. With the two indicators contradicting each other, investors should not anticipate any drastic moves in the OXTUSD.
OXT Price Prediction: Market Opinions
This section will consider the OXT price forecast for October – November predictions issued by popular crypto-analysts and forecasting systems. The OXT price forecast for the rest of the year can either be a bitter or sweet Orchid price prediction for 2021 to 2022. Here is everything you need to know about what the experts think about OXT.
WalletInvestor has an OXT price prediction that projects OXT might test $0.6 before the end of the year. January 2022, according to this OXT price forecast for the next year, will start at around $0.49. By July, OXT will continue to attempt to break out above $0.6. However, any attempts to break beyond this resistance level, according to the Orchid price prediction, will fail, thereby ending 2022 at $0.554.
The OXT price prediction offered by CoinArbitrageBot is $0.5, projecting the prices might rise slightly but insignificantly before the end of 2021. The OXT price forecast for November – December is $0.4948. By 2022, the OXT price forecast for the start of next year is just above $0.5 on a fresh burst of buyer optimism. The OXT price forecast for the rest of the year is a potential high of $0.8807.
The team from Price Prediction is bullish on the OXT price forecast for November – December. The bullish project averages $0.40 for the rest of the year, but the OXT price prediction for 2022 is around $0.6. Thus, the team projects an OXT price forecast for the next year to form the critical support system for a strong push past $1 by 2025.
According to DigitalCoin, the most likely OXT price forecast for the next year is something close to $0.8147. This OXT price prediction finds its roots in a potential price target of $0.6759 before the end of 2021. If successful, then the OXT price forecast for the rest of the year is likely to succeed. Beyond 2022, the forecast projects OXT could sail above $1 by 2025.
Gov.Capital is another forecast system adding its voice to the predictions with an OXT price prediction of $1.4666 within a year. This OXT price forecast for the next year is by far the most bullish; projecting OXT could blow past the historical resistance level at $1 by January 2022 and get closer to $1.4 by July. The Orchid price prediction goes further to predict OXT at $8 by 2025.
The technical analysis team at SwapSpace believes OXT could hit $0.61 before the end of the year and kick things off in 2022 from this point, thereby setting the tone for OXT price prediction for the rest of the year. The OXT price prediction describes 2022 as a year characterized by solid bullish pressure, which could keep prices as high as $2 by 2025.
It is also essential to keep in mind the thoughts of popular cryptocurrency analysts and trading professionals. RSibayan, for instance, makes an OXT price prediction on the falling wedge pattern and the bullish divergence on Stochastic RSI, which both point to OXT approaching oversold territory. As such, the best Orchid price prediction for the next year is a price target of $0.5424, which is already confirmed by prices resting at $0.4 territory.
Likewise, Philthephatman predicts OXT will go up, but first, a fall further below $0.4 is likely. The OXT price forecast for November – December is prices falling to as low as $0.1978 before hitting the resistance ceiling at $0.4797. A break beyond this point will signal a push to test $1 before the end of 2022. However, according to the OXT price prediction, OXT will linger in the $0.4 range for longer.
Latest News and Happenings Concerning OXT
Most investors have made mind-blowing gains on the crypto market by relying solely on fundamental analysis alone. This is the reason why the most accurate OXT price prediction cannot be complete without an analysis of the latest news, developments, and happenings concerning the Orchid project and the OXT cryptocurrency.
Orchid is a new model of VPN built to deal with the shift in digital rights, which accelerated during the COVID-19 pandemic. The project has gained mainstream attention with the promise to prevent Big Tech from gathering data. Since nearly all requests are at risk in the digital environment, everything from healthcare to education to the very right to life is at stake. Besides, the digital environment is increasingly militarized and watched.
The critical first step for Orchid is ensuring that all people have access to the Internet. To achieve this mission, the startup focuses on breaking the decentralization of the Internet for a free and open digital future. It is often forgotten that around 40% of the global population is not connected to the Internet. If Orchid expands to its intended global customer base, OXT could find Bitcoin-level growth potential. Considering the fact that Bitcoin price prediction announces a good BTC price for 2022.
Every OXT price prediction speaks of the strong commitment the startup holds to get the whole world online. The goal is not to have everybody spending time on the Internet but to give every willing user a choice to be online. Therefore, it is fair to say that the valuation of OXT is valued to the Orchid business model. Already, the model is finding success among Federal Deposit Insurance Corporation customers.
Recently, Vast Bank – the first nationally chartered U.S. bank to enable crypto-asset buying, selling, and holding – made OXT available for direct purchase on FDIC-insured checking accounts. As with any other cryptocurrency, OXT prices ride on increasing utility and demand. In addition, OXT is a vital component of the mission to make online privacy available to every user, and so, the move by Vast Bank will expand access to more users.
The OXT token powers the growth of the in-house marketplace and support systems. The unique design of the orchid ecosystem is held together by an in-app payment system that allows users to fund accounts using credit cards for as little as $1. Even though users can use Orchid without buying OXT, the only way to pay for VPN bandwidth is through the native token. The entire mechanism works to reclaim the Internet from data harnessing firms.
OXT Price Prediction: Verdict
Despite the significant risk involved in investing in cryptocurrencies, every OXT price prediction reveals investors have every reason to be bullish in the long term. Orchid is one of the projects with huge potential and relative minimum risk, which sums up attractive future returns.
Featured Image: orchid.com