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- 1 Orion Protocol is a DeFi platform that converts the liquidity of crypto exchanges into a single decentralized platform.
- 2 ORN price is currently trading at the level of $1.8357 with an intraday loss of approximately 4%.
Orion Protocol is a comprehensive DeFi platform that operates an evolved liquidity aggregator. It combines the liquidity of all crypto exchanges into a single decentralized platform, constructing a non-custodial entrance point to the whole digital asset market.
This protocol desires to translate key problems in the crypto world such as liquidity, accessibility, scalability, and custody.
The ORN token is the core of the Orion Protocol, serving as an internal currency or utility token. It is used for payments, staking, governance, and network services.
ORN holders get benefits like trading fee discounts, earning extra transaction fees through staking, and joining the decentralized brokerage system.
Price Overview of Orion Protocol
The trading volume of Orion crypto is $23,930,421 in the last 24 hours, showing a 64.50% decrease compared to the previous day’s session and revealing a recent decline in market activity.
The highest price for Orion assets is $29.25, which was reached on March 22, 2021, almost 3 years ago. Compared to that, the current price is 93.67% lower than the all-time high price.
The lowest price for Orion is $0.4642, which was registered on October 12, 2023, about 5 months ago. Compared to that, the current price is 298.68% higher than the all-time low price. Orion has a market cap of $63.7 Million. Market cap is calculated by multiplying the token price with the circulating supply of ORN tokens (34 Million tokens are available on the market today).
The FDV of Orion is $185 Million. This is a theoretical estimate of the maximum market cap, assuming all 100 Million ORN tokens are in circulation today. It may take several years before FDV is achieved, depending on how the emission schedule of ORN tokens is designed.
Technical Analysis of Orion Protocol
At the time of publishing, Orion crypto (USD: ORN) is trading above the 50 and 200-Day EMAs (exponential moving averages), which are supporting the price trend.
The current value of RSI is 64.18 points. The 14 SMA is above the median line at 71.91 points which indicates that the Orion crypto is bullish. The MACD line at 0.2365 and the signal line at 0.2200 are above the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the ORN crypto price.
Summary
The daily time frame ORB crypto is showcasing the bullishness and several technical indicators lend support to this bullish outlook. The RSI curve has climbed up from the oversold region, illustrating a bullish divergence. This indicates a positive outlook for the upcoming trading sessions.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
