Orchid (OXT) is a one-of-a-kind orchid cryptocurrency that is used for value trade on the orchid network’s pay-per-use scheme. OXT is a cryptocurrency that supports a decentralised protocol built on the Ethereum blockchain. It serves as a shared VPN. In this article, we will look at long-term OXT Price Prediction from 2022 to 2031.
Particular products and services have grown in popularity as a result of geographical restrictions, censorship, and restricted access. However, there are a few downsides to “conventional” VPN providers. The VPN stores customers’ data on a central server, making it vulnerable to cyberattacks or government monitoring.
Orchid has created a protocol to address this problem. It allows users to buy bandwidth from a global network of suppliers. As a result, a VPN that is decentralised, safe, and scalable has been developed.
Let’s try to understand what Orchid (OXT) is.
What is Orchid (OXT)?
Orchid is a piece of software that aims to encourage a network of computers to operate and maintain a decentralised VPN. VPNs are a popular tool for routing online traffic. It lets users change how the data they create goes across the internet. Additionally, it hides information about their browsing and data transfer. This can be advantageous for users, particularly those attempting to avoid hostile local networks.
VPNs, however, can still pose security threats to users. Notably, customers must believe that their VPN service will not steal, spy on, corrupt, or monetize their data in any way.
Orchid intends to address this trust issue by disseminating the functioning of its VPN throughout an Ethereum blockchain network of users. Its goal is to create an app that prevents users from leaving a data trail when they visit apps and websites. To do this, Orchid connects customers in need of bandwidth with merchants eager to sell it. The OXT cryptocurrency from Orchid is used to enable payments between these buyers and sellers.
After that, the peer-to-peer connection is encrypted and routed through the seller’s internet servers. This implies that the user’s internet provider cannot trace their behaviour. Third-party access to the user’s data is also restricted.
Let’s look at the current market status of Orchid (OXT).
OXT Current Market Status
According to the most recent statistics, the current price of an orchid is $0.26. Orchid has a circulating supply of 690,690,084 and a market capitalization of $178,142,432.
In the last 24 hours, the cryptocurrency’s current value has dropped by -1.69%. When we compare the current market cap of the OXT to the previous day’s market cap, we can observe that the market cap is likewise down.
The OXT has been on a nice rising trend during the previous 7 days, increasing by 4.99%. Orchids have recently shown very significant potential, and now might be a fantastic time to get in and invest.
OXT’s price has dropped by -23.783 percent in the last month, subtracting a hefty average sum of $0.080 from its present worth. This abrupt drop indicates that the currency is now in a slump, which might indicate an excellent purchase opportunity for a quick investment.
The price fluctuated between a minimum average price of $0.56 and a maximum average price of $0.69 in the last 90 days, resulting in a -58.39 percent price change.
Orchid is down by -49.13 percent in the last four months, with the maximum average price being around $0.38 and the minimum average price being around $0.34.
Now, let’s dive into the OXT price prediction.
OXT Price Prediction 2022
According to our in-depth technical analysis of OXT price history, we predict the price of Orchid will reach a low of $0.37 in 2022. With an average selling price of $0.38, the OXT price can reach a maximum of $0.44.
OXT Price Prediction 2023
According to our in-depth technical analysis of OXT price history, we are predicting the price of Orchid to reach a low of $0.55 in 2023. With an average selling price of $0.57, the OXT price can reach a maximum of $0.65.
OXT Price Prediction 2025
According to our in-depth technical analysis of OXT price history, we are predicting the price of Orchid to reach a low of $1.17 in 2022. With an average selling price of $1.21, the OXT price can reach a maximum of $1.43.
OXT Price Prediction 2031
According to our in-depth technical analysis of OXT price history, we predict the price of Orchid will reach a low of $11.30 in 2022. With an average selling price of $11.64, the OXT price can reach a maximum of $13.89.
Conclusion
According to the analysis described above, OXT price prediction are fairly conflicting. There is no universal agreement on whether future OXT price movement will be favourable or negative. Indeed, future potential growth is reliant on several things, such as announcements, new technology solutions generated by Orchid innovations, the overall crypto environment, legal status, and so on. We’d like to remind you that it’s vital to do your homework and follow investing advice before making any investments.
Also read: Bitcoin Gold Price Prediction 2022, 2023, 2025, and 2031
