Growth cryptocurrencies are rare finds – but this Origin protocol price prediction might just reveal growth crypto to put on your radar. OGN has proved itself a safe and durable grower and perhaps the best crypto to own for the long term.
Origin’s protocol has grown by leaps and bounds in short order, and its applications and suite of products have benefited from the need for efficiency among developers and users alike. These and so much more qualities are infusing a bullish OGN price prediction, which we review here.
Origin Protocol Price Prediction | Introduction
At the time of writing this origin token price prediction, the OGN token was trading at $0.6451, according to CoinMarketCap. The market cap of the Origin ecosystem at this price was $117 million, fully diluted to more than $250 million.
Origin is currently training its guns of some of the fastest-growing verticals in Web3 development, including NFTs and DeFi. Since its infancy, Origin has been aggressively pursuing an expansion drive to expand its reach with token and stablecoin, solidifying applications for its platform.
As you will soon see, Origin is gaining traction; earnings are accelerating to the upside. The strong fundamentals breathe new life to Origin token price prediction and appear at a level that can be sustained for the long term.
Origin Protocol Price Prediction: Technical Analysis
To put origin token price prediction into logical context, let’s consider the historical trading patterns of OGN tokens. This analysis is critical in pointing out the level where investors can take advantage and open long positions. Here is a summary of OGN crypto price:
|Month||Open Price||Closing Price||Month High|
OGN token experienced a sell-off along with other altcoins in the market as BTC price failed to sustain an advance. The result saw OGN token slice through a crucial barrier and currently bounce off another as Origin token works to establish a bullish directional bias.
The token sliced through the $0.3146 support line as it crashed 29% in roughly three months. This downward movement is currently bouncing off the $0.1655 barrier, which coincides with the $0.0750 and $0.2325 demand zone.
OGN price prediction finds strong support at this barrier, and investors can expect the OGN token to bounce off of it and trigger a quick run-up to the recently flipped monthly resistance barrier at $0.3146. Such a move would constitute a 20% ascent, but an upside beyond this level seems unlikely.
Therefore, traders can expect this coin to slip into consolidation between the two barriers for the foreseeable future. This move could give the bullish actors time to reassess the situation and put in buy orders to tip the scale.
Alternative Origin Price Prediction
While things are looking mildly bullish for OGN price prediction, it is due to BTC price. A sudden uptick in selling pressure could sway the odds in favor of the bears and invalidate the bullish Origin token price prediction.
If OGN produces a daily candlestick close below $0.1655, it will create a lower low and invalidate the bullish Origin protocol price prediction. In such a scenario, OGN token price could crash to retest the $0.0750 support level, where bulls can lick their wounds in preparation for the next OGN token upswing.
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Origin Protocol Price Prediction: Market Opinions
Since Origin has a lot of high-growth products, investors might be leaning for a bullish OGN price prediction. In this section, let’s consider Origin protocol price prediction from the eyes of other investors and industry experts.
Origin Protocol Price Forecast for February – March
TradingBeasts suggest the OGN token is near the halfway point for its 20% ascent that could catapult Origin protocol price forecast for February – March at $0.46. While the price is seen struggling to recover, the forecast relies on the stable support level to pause the downswing and uncover the consolidation phase.
Long Forecast expects a bullish correction before the OGN token explodes to $0.46. This origin protocol price forecast for February – March reveals the exhaustion of the recent rally has sent OGN token into a consolidation that could trigger further gains for investors.
Origin Protocol Price Prediction for the Rest of the Year
WalletInvestor bullish Origin Protocol price prediction for the rest of the year is $0.7068. This OGN price prediction eyes a quick run-up as OGN bears take a breather. It cites a confluence of multiple elements; ad investors can expect reaction off this zone to act on the window of opportunity.
DigitalCoin‘s $0.41 Origin Protocol price prediction for the rest of the year builds on the sentiment that the OGN token can shatter the supply zone and drive a bullish run within the year. The forecast anticipates a quick run-up to follow at the end of the consolidation phase with chances of triggering a rally.
Origin Protocol Price Forecast for the Next Year
Gov.Capital predicts OGN price will undergo a bullish retracement that will see the token test $1.80. This origin protocol price forecast for the next year builds on the uncollected liquidity resting at the current support level, which could be critical in establishing a firm bullish OGN price prediction.
PricePrediction origin token price prediction targets an advance for $0.39 and $0.40 as OGN bulls stage a comeback. The forecast identifies OGN as having stabilized around a support level that could set the pace for an Origin protocol price forecast for the next year that targets $0.47.
Cryptocurrency Experts and Influencers
WaverVanir eyes 1000% gains potential on an OGN token trading, citing how the token has been pushed to a launching pad after intense rejection on a crucial hurdle. This OGN price prediction sees this price action as a signal of the potential for a reversal that undoes the recent losses.
YuyuCoyotee proposes OGN token price retesting the stable support level could trigger a trend reversal that is likely to end with a new all-time high. The resulting upswing is currently bouncing off the stable support, suggesting the possibility of a trend reversal.
Latest News and Happenings Concerning Origin Protocol
Amazon’s AWS Marketplace is now offering Dshop, Origin Protocol’s decentralized e-commerce platform, on its network. Dshop, which runs on the Ethereum blockchain, is available to AWS software-as-a-service customers. The news of this integration brought with it a 50% jump in OGN token price.
Besides the decentralized marketplace, Origin protocol is also launching a decentralized messaging application that seeks to change the way people communicate. The application will be rolled out as a peer-to-peer service on the Ethereum blockchain, where users will use OGN as the on-chain currency. You can buy OGN on Kucoin Exchange, as you can see on the Kucoin review.
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Origin Protocol Price Prediction: Verdict
Even though the biggest gains are in the rear-view mirror now, the OGN token can still be a market-beating cryptocurrency in 2022. As investors make sense of the recent moves, Origin protocol price prediction remains bullish.