OXT Price Prediction 2023-2030: Can OXT Reach $1?

Orchid Latest Price

MetricLast 24 HoursTrend
Net Social Media Sentiment20.0%Higher

OXT Price Prediction: Is Orchid a Good Investment?

Orchid (OXT) is the currency for Orchid, a crypto-based virtual private network (VPN) that started in December 2019. It’s the first network that rewards peer-to-peer privacy.

Orchid lets people buy internet bandwidth from any member provider using its OXT token. These payments are made with small “nanopayments” and are off the main transaction chain, so it doesn’t clog up the Ethereum system or rack up fees. Users pay as they use, instead of a regular subscription.

What does Orchid do?

Orchid is a system that uses OXT to encourage a special kind of secure network and a multi-step VPN tool. The Orchid group values open software and thinks Orchid can create a more open and empowered future.

Features of Orchid:

  • Offers a decentralized VPN, letting users buy bandwidth from various global providers.
  • Introduces a new VPN protocol rewarding bandwidth sharing.
  • Uses smart contracts for streamlined payments and ads.
  • Users find bandwidth sellers through a provider directory.
  • Uses tiny, chance-based payments to keep Ethereum fees low.

Components of Orchid:

  • Orchid’s main app
  • OXT digital currency
  • User accounts on Orchid
  • The Orchid system rules
  • Small payments system
  • Customizable network features
  • Investment holding system

Orchid- Some facts:

  • Orchid uses blockchain to improve VPNs.
  • Cryptocurrency nanopayments allow anonymous VPN use without central servers.
  • OXT, an ERC-20 token, gives a trading reason to boost the network’s value.
  • Users can buy “Orchid credits” with regular money; these credits can’t be converted but can be spent within the network.
  • Orchid appeals to more than just crypto users, given rising internet restrictions globally.
  • It taps into Web 3.0 tech to promote an open internet like in the early ’90s.

OXT Token

  • OXT’s Role: Helps keep the Orchid network running smoothly by motivating those involved.
  • What OXT Does:
    • For Providers: People can run Orchid Nodes if they commit some OXT. The more OXT they put in, the more they can earn.
    • For Users: They can use OXT to pay for a safe internet connection instantly. They can add OXT or other supported coins to their account and pay for services when using the VPN.
  • Utility:
    • OXT is created especially for transactions within the Orchid network.
    • It helps motivate those operating the network to do what’s best for it.
    • OXT is also a sign of commitment from those providing bandwidth, ensuring they’re trustworthy and helping limit potential issues.

Orchid Past Performance

  • Year to Date (2023): -10.6%
  • Last 1 year: -42.3%
  • Since Launch (2019): -83.6%

Overall, Orchid appears to be a poor case for investment.

Orchid Price Predictions

OXT Price Prediction: Can OXT Reach $1?

In order for OXT to reach $1, it would need to increase by a factor of 20. At $1, OXT’s Market Cap will be $977 Million. If OXT were to grow at a rate of 25% each year, it would take about 16 years to reach $1. Let us evaluate this data

  • Quality of Investment- Moderate
  • Growth required to reach $1- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
  • Market Cap at $1- Feasible
  • Time required to reach $1 if it were to rise at 25% per annum- Partially Feasible

Considering the criteria Quality of Investment, growth required and time required, OXT has a moderate chance of reaching $1.

Orchid Price Prediction Today

UTC: Sep 25th, 2023 06:05 PM

  • Orchid Price Prediction in the next 24 hours is between $0.0620 and $0.0650
  • Orchid Price Prediction this week is between $0.0624 and $0.0654

UTC: Sep 25th, 2023 12:41 PM
Overall OutlookBullish
1. Market's WisdomBullish
1a. Market DataBullish
1b. Technical RecommendationNeutral
2. Crowd's WisdomPartially Bullish
2a. Social Media BuzzSteady
2b. Social Media SentimentHigher

Orchid Price Prediction 2023-2030

  • Orchid Price Prediction 2023 is $0.0918
  • Orchid Price Prediction 2024 is $0.132
  • Orchid Price Prediction 2025 is $0.187
  • Orchid Price Prediction 2026 is $0.256
  • Orchid Price Prediction 2027 is $0.306
  • Orchid Price Prediction 2028 is $0.400
  • Orchid Price Prediction 2029 is $0.559
  • Orchid Price Prediction 2030 is $0.813

Where Can I Buy OXT?

  • Binance
  • Coinbase Exchange
  • KuCoin
  • Kraken
  • Bithumb

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Follow us on Twitter

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.