HomeNewscoinquora.comOrigin Protocol Price Prediction - Will OGN Price Hit $3 in 2021?

Origin Protocol Price Prediction – Will OGN Price Hit $3 in 2021?

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  • Bullish OGN price prediction ranges from $1.4 to $2.41.
  • OGN price might also reach $3 soon.
  • OGN bearish market price prediction for 2021 is $0.55.

This Origin Protocol (OGN) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our OGN price analysis and prediction.

Among the cryptocurrencies that are rallying this year, Origin is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today.

But for those that are aware, Origin Protocol has been around since 2017. It recently made headlines after hitting almost $3.39 on April 08, 2021.

Can Origin Protocol reach $3 in 2021? We will find out shortly. But before we proceed to our Origin Protocol price analysis, let us first answer the question “What is Origin Protocol?” in this OGN prediction 2021 article.

What is Origin Protocol (OGN)?

Origin Protocol is a network that enables market participants to distribute goods and services via peer-to-peer (P2P) networks. Moreover, the platform focuses to create an extensive online platform that leverages the Ethereum (ETH) blockchain and Interplanetary File System (IPFS), however to eliminate middlemen’s need.

More so, the protocol enables the creation of a decentralized setting where both buyers and sellers can combine, check for available listings, write reviews and perform many other actions. With this, fractional utilization of assets could be traded more easily.

Now that we have an idea about OGN, do you think OGN will be profitable crypto in 2021? Join me and let us see the charts in this OGN price analysis and OGN price prediction.

Origin Protocol (OGN) Current Market Status

As of the time of writing this Origin price analysis, OGN trades at $0.8347 with a 24-hour trading volume of $65,338,870. The price of OGN has decreased by 0.69% in the last 24 hours.

Furthermore, OGN has a current circulating supply of 313,621,402.54 OGN. Currently, the top cryptocurrency exchanges for OGN are Binance, Huobi Global, HitBTC, BitZ, and Bitcoin.com exchange.

Now, let’s proceed to the next part of this OGN technical analysis for 2021.

Origin Protocol (OGN) Price Analysis 2021

Currently, OGN holds 161st place on CoinMarketCap. But will the latest upgrades, development, and changes in the OGN blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this OGN price prediction article.

OGN/USDT chart showing Cup With Handle pattern
OGN/USDT chart showing Cup With Handle pattern (Source: TradingView)

Based on the graph above, the chart displays a cup and handle pattern. The pattern represents a period of consolidation which might result and reach an immediate price breakout or breakdown. A breakdown from the lower trendline represents the start of a new bearish trend, while a breakout from the upper trendline shows the start of a new bullish trend.

As shown above, at the beginning of this month, Origin Protocol turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 39.65, which means that OGN is in a nearly oversold state. Hence, traders may trade safely without any fear. Keeping all this in mind, traders could be aware and shift away from unexpected losses that occur due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of OGN.

Since the start of 2021, OGN’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, OGN has a competitive market this 2021.

Origin Protocol (OGN) Price Prediction 2021

The chart below shows that Origin Protocol has performed great over the past few days. Moreover, the OGN price is over  50% in the last 3 months. If this trend continues, OGN might run along with the bulls, overtaking its $2.41 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone OGN from its uptrend position. In simpler terms, the price of OGN might plummet to almost $0.55, a bearish signal.

Meanwhile, our long-term OGN price prediction 2021 is bullish. It has a high possibility of surging over its current all-time-high (ATH) at about $3.39 this year. However, that will only take place if it breaks many past psychological resistances.

Origin Protocol (OGN) Price Prediction 2022

If this bullish trend continues, OGN will reach $5 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $6.5. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $5 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Origin Protocol (OGN) Price Prediction 2023

If OGN holds the support level around 200-MA which is the long-term moving average, buyers will then have OGN time and stability to forge the next attack mission on the vital level at $10, making it not plummet but play consistently.

Origin Protocol (OGN) Price Prediction 2024

As per the latest upgrades, developments, OGN price prediction, and new project forecasts of the platform, OGN investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of OGN in the crypto market, and it will be the best investment as the price can spike and reach around $15.

Origin Protocol (OGN) Price Prediction 2025

In the next four years, OGN prices could rise up to $35. More so, reaching this level could not be so difficult for OGN as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that OGN has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Origin Protocol has a bright future ahead of it in 2021. With the ongoing developments happening within the OGN ecosystem, as well as in the overall crypto market, we may see OGN reach new heights.

Bullish OGN price prediction 2021 is $2.41. As said above, it may even reach $4 if investors have decided that OGN is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is OGN?

Origin Protocol is a network that enables market participants to distribute goods and services via peer-to-peer (P2P) networks. Its native token is OGN.

How to Buy OGN Tokens?

Users can obtain OGN tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Is OGN a good investment in 2021?

OGN is a good investment in 2021. Moreover, OGN has a high possibility of surpassing its current ATH at about $3.39 this year.

Can OGN reach $3 soon?

Yes, it’s very much possible that OGN might reach $3 in the near future as per the current bullish trend.

What will be the Origin Protocol price by 2022?

Origin Protocol (OGN) price is expected to reach $6.5 by 2022.

What will be the Origin Protocol price by 2023?

Origin Protocol (OGN) price is expected to reach $10 by 2023.

What will be the Origin Protocol price by 2024?

Origin Protocol (OGN) price is expected to reach $15 by 2024.

What will be the Origin Protocol price by 2025?

Origin Protocol (OGN) price is expected to reach $35 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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