(Newswire.net — December 21, 2022) — The year 2022 isn’t eternal, just like the bear market we are currently trading in. Hence, it would be wise to think of investments before 2023 arrives. After analyzing the SafeMoon price prediction, we recommend turning to Orchid.
What will OXT bring us by 2030?
Orchid Review
Orchid offers a new take on digital privacy introducing a P2P, incentivized privacy network, and nano payments. Users can trade bandwidth using the OXT token, browse privately, and access content without geo limitations. With its decentralized design, layered architecture, and open-source principle, Orchid offers users “unprecedented digital privacy in a context of lack of trust.”
Orchid aims to help restore an open and accessible Internet for everyone by offering a decentralized VPN solution. It aims to be a better solution than traditional centralized VPNs that often have the same problems. For example, many VPN services collect and sell your personal browsing data to advertisers or share it with governments.
Orchid was created as a solution to the privacy issues associated with centralized VPN service providers.
OXT Market Position
The project is still developing, and so is its market position:
- The current price of OXT is $0.10.
- The project is ranked 299th by CoinMarketCap.
- Its market capitalization is $68,367,014.
- 24-hour trading volume – $2,406,611.
- OXT has a supply of 1,000,000,000 tokens.
- The current circulating supply is 690,690,083.77 OXT.
The actual market cap is the highest in the project’s history.
Orchid Through Years
After an erratic first year (2020), OXT steadily gained support and surged in 2021. OXT recorded an all-time high of $1.02 on April 5, followed by a sudden drop of 75% in the following months along with many cryptocurrencies.
The April bull run led OXT to become one of the top 200 crypto companies with a market capitalization of $156 million.
On November 10, 2021, the OXT price rose to $0.69, the highest level since mid-May, when the cryptocurrency market retreated from the highs. In June, the price of OXT returned to its all-time low. Back then, the bottom level was $0.20. On August 25, during the summer rally, the token chart hit $0.56 and bounced back to $0.28 in late September. Therefore, we can assume that the level of $0.2-0.3 is an important resistance line for future growth.
Since then the token recorded an ATL of $0.08 in June 2022 and is still trading at the historical bottom.
Many Orchid followers consider this price point as a great chance to accumulate tokens.
OXT Price Forecast
Wallet Investor’s 2021-2025 price prediction suggests that OXT could start 2023 at $0.46 and rise to $1.1 by 2027.
DigitalCoin’s OXT price prediction suggests that the average price will be $0.41 in 2023 and could rise to $0.65 by 2025. In the longer term, DigitalCoin predicts the price could rise to $1.28 by 2030.
PricePrediction is sure that the Orchid token’s price could hit $0.42 in 2023, rise to $1.26 by 2025, and hit $7.64 by 2030.
Are You Ready to Invest in Orchids?
The question remains: are there enough people realizing the benefits of a blockchain VPN, or is Orchid way ahead of its time?
Many Orchid fans got the forecast from PricePrediction as a clear sign to act right now. However, let’s not forget that the project is in its early stages, so it isn’t the time to invest all your funds into this asset.
Wait for future changes, updates, and announcements. Despite the nano payment system, there are still some issues with performance and cost of service, and there is still a long way to go overall.