Orchid Price Prediction: Should You Still Invest in OXT?

Exchange your crypto now

What Is the Orchid price prediction today

AT A GLANCE

  • In 2024, Orchid price is expected to reach $0.30258271153789573, according to some experts
  • 2025 promises to be turbulent, with prices ranging from $0.04153366151999799 to $0.13789451138148584, with PricePrediction.net predicting a breakthrough leading to a price rise to $0.13789451138148584
  • By 2030, OXT price can hit $0.30258271153789573

Orchid fundamental analysis

Project name
Orchid
Stock symbol
OXT
Current price
0.137756754626859
Current supply
1000000000
Official website

Orchid (OXT) is a token powering the innovative Orchid – a decentralized protocol built on the Ethereum blockchain, which is designed to work as a distributed VPN. Regional restrictions, censorship, and limited access to certain services and products have made it more and more popular to take advantage of VPN’s, but there are some issues with the “classic” VPN providers: the users’ data is collected on a central server where it’s vulnerable to hackers’ attacks or government agencies’ scrutiny. Orchid has introduced its protocol to combat this problem by allowing users to buy bandwidth from a global network of providers. The result is a decentralized, secure, and scalable VPN.

Orchid protocol utilizes a sophisticated nanopayments system, which drastically reduces transaction time between a user request being made and processed, and the time it takes for nanopayments to be effective. The off-chain solution provides speed, scalability and reduces transaction costs.

The transactions on the network are made using OXT cryptocurrency. Bandwidth providers are incentivized to stake OXT tokens received as nanopayments on the network to increase their reward chances. This mechanism ensures a consistent demand of the native Orchid crypto and a sustainable incentive scheme to guarantee the stability and reach of the nodes.

Orchid live price chart

Orchid token appeared on the market in December 2019 and its price quickly rose to ~$0.61. Later the price dropped, trading as low as $0.10 in March 2020, after the initial interest passed, as we see with many similar projects. It rallied back up to almost $0.7 in August when it got listed on several additional exchanges and announced support for Wireguard VPN protocol. After suffering another dip to ~$0.2-$0.3, Orchid token price started to rise around the beginning of 2021, following the general crypto bull market. Since breaking $1 in April, however, the OXT price has been mostly in decline, hovering just above the $0.2 mark. In late June the Orchid price trend may be starting to turn, as OXT’s price started showing signs of consolidation, bouncing between $0.2–$0.3, but at the time of writing the future of Orchid crypto is still uncertain.

Orchid technical analysis

Orchid coin price seems to hold steady above the support line at ~$0.2 during the summer of 2021, despite its longer-term bearish trendline starting in May. However, at the same time, OXT token price hasn’t shown a lot of growth in the past months. The most concerning pattern in Orchid price movements is the hint of head and shoulders forming since late June — there are two peaks with the third, possibly, on its way. If this comes to pass, OXT’s price predictions for the close future are going to be quite pessimistic as this is a bearish sign. On the other hand, the same price action can be interpreted as good news for Orchid — without the third peak, the OXT price chart in June — July 2021 still shows the bullish flag features, which means possible trend reversal for the Orchid protocol token.

Exchange your crypto now

Orchid price prediction

Below we have collected the most reliable price projections for Orchid (OXT) from popular forecast platforms.

Orchid price predictions summary

Year
Average Price
Avg. Price / Pot. ROI
Potential ROI
2024
$0.27992173
84%
84%
2025
$0.11590536
-25%
-25%
2026
$0.28203289
69%
69%
2027
$0.09974822
-35%
-35%
2030
$0.08479416
-45%
-45%

Orchid price prediction for 2024

As of the beginning of 2024, Orchid price predictions remain predominantly positive, with some analytics promising the price at about $0.2301, while TradingBeast even cites the possibility of the price reaching $0.2659 by the end of the year.
Potential ROI: 84% Buy

Orchid price prediction for 2025

According to TradingBeast, in 2024 Orchid price is predicted to decline to $0.06199, which makes Orchid a poor investment option. PricePrediction.net, in turn, predicts the price drop to $0.1254, and WalletInvestor agrees with a predicted price fall down to $0.1237.
Potential ROI: -25% Sell

Orchid price prediction for 2026

The experts are unanimous in their Orchid price forecasts for 2024 — everybody expects Orchid’s price to grow by the end of that year. WalletInvestor predicts the price growth reaching $0.1756. According to TradingBeast’s research, Orchid’s price can go up to $0.27. PricePrediction.net’s forecast is also positive: its analysts hold the view that by 2024 Orchid’s price will be about $0.2521.
Potential ROI: 69% Buy

Orchid price prediction for 2027

Both WalletInvestor and TradingBeast doubt that the Orchid market will grow in 2024, predicting the price drop to $0.1247 and $0.02893 by the end of the year respectively. Other Orchid price forecasts support the idea: PricePrediction.net forecasts Orchid to fall down to $0.113 by December 2024.
Potential ROI: -35% Sell

Orchid price prediction for 2030

Most experts are expecting a bleak future for Orchid: long-term Orchid price predictions promise significant decline by 2030. TradingBeast predicts the price to reach $0.09367, while WalletInvestor goes down for $0.0773. PricePrediction.net also puts not so big hopes on Orchid in the long term: its Orchid prediction for 2030 is $0.05786.
Potential ROI: -45% Sell

FAQ

What is OXT used for?

Is OXT crypto a good investment?

How much is Orchid worth?

How high can orchid OXT go?

Is Orchid worth investing in?

Author

June Katz
June Katz is a writer who is really interested in finance, trading, blockchain, and tech. As a SwapSpace author, she enjoys making content about crypto and other related topics.

Summary

As it can be clear from the analysis cited above, Orchid (OXT) projections are rather contradictory. There is no universal consensus either about positive or negative future OXT price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Orchid projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).

All you need for your research in one channel!
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

About SwapSpace

SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 2150 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.

Leave a comment

Exchange your crypto now