OXT is the unique Orchid cryptocurrency 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. The Orchid Protocol regularly switches your VPN location. If you’re in the US, it might change to Japan, Bangkok, then Berlin. It makes it harder to pinpoint your location.
In a move to decentralize privacy, Orchid partnered with Near protocol on 29 March 2022 to bring Aurora EVM into the platform. The move will give users the option to pay for services on Aurora. Aurora currently has zero fees, the partnership is going to bring more Aurora enthusiasts into Orchid dVPN.You can test out the Orchid nano payments protocol with a few cents on Auroral.
Orchid also partnered with Gnosis to bring xDAI payments earlier in the month.
The multi-chain strategy by Orchid will bring more partners, increasing its OXT coin market participation.
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
Today’s Orchid price today is $0.292380 with a 24-hour trading volume of $37,377,144. Orchid is up 2.50% in the last 24 hours. The current CoinMarketCap ranking is #278, with a live market cap of $201,943,721 USD. It has a circulating supply of 690,690,084 OXT coins and the max. supply is not available.
Orchid users could earn more by staking OXT coins on Orchid nodes. In effect, you become a bandwidth provider for Orchid! You could become a node provider by using smart contracts. How will Orchid’s dVPN affect OXT prices in the long term? Let’s learn more about Orchid and its OXT token.
OXT Recent developments
OXT is Orchid’s native ERC-20 digital asset that powers and secures a new approach to VPN service and providers compete for user payment flow by staking OXT. As more bandwidth is purchased on the Orchid network node providers can add and stake OXT in order to capture additional bandwidth sales on the network.
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. Consequently, 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 uses a complex nano-payments technology, which significantly lowers the transaction time between such a user’s query being made and executed and 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 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 its 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, buy stores, and send OXT on the platform.
Orchid spread its collaboration with Chainlink, a network of decentralized oracles, in September 2020 by introducing a 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.
OXT (Orchid Protocol) project is making great strides (not just in price), and has already working products. Currently, they are working on improving existing products, solving high gas problems, and simultaneously building Windows and Linux clients.
Orchid Overview
OXT Overview
| Coin | Symbol | Price | Marketcap | Change | Last 24h | Supply | Volume (24h) |
|---|---|---|---|---|---|---|---|
|
OXT | $ 0.132973 | $ 78.69 M | 1.50% | 591.54 M | $ 6.22 M |
Orchid Price History Analysis
$1.02 is the all-time high (05 April 2021)
$0.1059 is the all-time low (13 March 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 05 April 2021. The OXT price climbed to $0.7634 on 02 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, starting 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.
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.
How to receive and send OXT
You can send OXT to Coinbase the same way you send all other cryptocurrencies to Coinbase (to the correct address or wallet). For receives, you can find your wallet address by selecting Receive (web) or selecting the QR Code (mobile) next to your OXT wallet. Incoming transactions show up almost immediately, but you won’t have access to your crypto until 35 confirmations have been completed on the blockchain (generally takes 8.5 minutes.
How to download and use the Orchid app
- Purchase OXT on Coinbase or a similar exchange.
- Send OXT to a Web3-enabled crypto wallet.
- Send Ether to the Web3-enabled crypto wallet to pay for the Ethereum network’s transaction fees.
- Connect to Orchid through the crypto wallet
- Tap the dapp-browser icon in the wallet’s UI to connect to Orchid
- Type account.orchid.com/earn into the URL bar
- Follow the on-screen instructions to fund your account with OXT
- Download the Orchid mobile app (Orchid is entirely Web3, so no username or password)
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 uses a sophisticated nano-payments system, which significantly reduces the transaction time between such a user request being made and processed and 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
Moving Average Convergence Divergence (MACD) four-hour chart shows the MACD and signal line touching. The histogram is short and above the zero line indicating a fall in market participation. The moving averages will begin dropping soon if market volatility decreases.
OXT prices have been on a bull run this month and the momentum is reducing however prices are still rising. William’s alligator indicator shows the trend in a feeding position from 13 March before a short consolidation on 28 March.
This is not buying/selling advice, traders should carry out due diligence before interacting with cryptocurrencies.
Orchid price predictions 2022 – 2030
Walletinvestor
OXT is an A+ investment based on historical data but a bad choice to hold for one year according to Wallletinvestor. They predict a -36% ROI this year. OXT value will increase for the next 14 days reaching a high of $0.314 on the last day of the period. ROI in March 2024 will drop to -67%, and more so -89% in March 2025. The year 2026 and 2027 will maintain an ROI of -86% each.
Technewsleader
Technewsleader forecast an ROI of -52% in 15 days which is rather steep, however, expect the price to average $0.33 this year. The OXT bullish trend will start in 2023 at $0.45 followed by $0.65 in 2024. Orchid prices will average $0.96 in 2025 while reaching a maximum price of $1.10. Ochir price for the years 2026, 2027, 2028, 2029 and 2030 will be $1.38, $1.98, $2.80, $4.19 and $5.91 consecutively.
Swapspace
Swapspace projections suggest a potential 2% return on investment this year. This will be followed by a drop to -6% in 2023, with the year 2024 extending the drop to -11% trading at $0.424. Orchid price will recover in 2025 with an ROI of 16%, 2026 will then be more optimistic at 21% at $2.53.
Cryptopolitan
Orchid Price Prediction2022
Orchid price is selling today below the average prediction for 2022. The value of the Orchid will average $0.34 and reach a high price of $0.39. Volatile markets will push OXT prices past these levels.
Orchid Price Prediction2023
The average OXT price will rise to $0.51 while rallying between a minimum price of $0.50 and $0.57.
Orchid Price Prediction 2024
OXT value will begin to pick momentum in 2024 and the price will average $0.72 while reaching a maxing price value of $0.86 and minimum price value of $0.7
Orchid Price Prediction2025
In 2025, OXT price will break its ATH of $1.02 set in April 2021. The price will trade at a mean of $1.00 throughout the year. Market participation will lead to OXT prices reaching a high of $1.22 and a low of $0.96.
Orchid Price Prediction2026
There is more optimism in store for Orchid, as forecasts show a 50% rise in value in 2026 pushing the price to an average of $1.52 while selling between $1.70 and $1.48.
Orchid Price Prediction2027
Crypto researchers agree that Orchid prices will begin growing from 2027 onwards. OXT price will average $2.17 selling at a high price of $2.59 and a low price of $2.11.
Orchid Price Prediction 2028
In 2028 OXT price will sell as high as $3.64, this will however correct to an average of $3.06 and fall further to $2.98.
Orchid Price Prediction 2029
Orchid will reach its benchmark price level of $5 in 2029. High market participation will have fuelled this as the world migrates into Web3. The prices will however average $4.41.
Orchid Price Prediction 2030
From 2030 OXT price is projected to trade above $6 while reaching as high as $7.94.
While volatility drives the crypto world we anticipate OXT value to appreciate in the long term.
Orchid price predictions by Industry Influencers
My future forecast for the price of OXT would be in the neighborhood of $100 to $350 in line with Ethereum’s price range. That’s my long-term strategy and I FULLY believe OXT is capable of reaching such a price. I have been trading cryptocurrencies since 2013 and I know when I see a gem. OXT is truly a gem.
ulogic
Conclusion
The Orchid team is on a mission to decentralize data privacy in a highly monopolized area. Large organizations use personal data to create micro-targeted information to lure their targeted users. Free VPN service providers have joined the race, and while the product is free they sell the data to the same organizations.
While analysts provide varying OXT price forecasts, they all agree there will be a rise in price momentum from 2025.
By using OXT, Orchid is revolutionizing virtual private networks. By bridging the service to multiple chains, Orchids service is highly scalable, cheap, and guarantees utmost privacy.
These features give Orchid its good selling pitch to attract more users concerned about their data privacy. As we move into WEB3, we anticipate OXT value to continue growing and volatility in the crypto market.
Orchid users could earn more by staking OXT coins on Orchid nodes. In effect, you become a bandwidth provider for Orchid. The prospect of earning more OXT coins may entice more users. More people joining the network helps its stability and scalability. DYOR is always a good rule to follow.
FAQS about Orchid
Is Orchid a profitable coin?
Orchid is a profitable investment that allows users to stake their coins for rewards.
On which exchange can I purchase the Orchid token?
You can purchase OXT coins on Bithumb, Kraken, Coinbase, and Binance. Trading pairs offered include OXT/USDT, OXT/KRW, OXT/USD, and OXT/BTC.
Where can I store OXT tokens?
Ledger hardware wallet, Metamask web extension, Trust wallet, and Atomic wallet.
Will the price of OXT reach $5?
Yes, the OXT price will reach $5 in 2029.
Will Orchid prices drop/fall?
Prices for Orchid could be lower by about $0.125to around $0.161 US dollars.
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.
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 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.
