The crypto space is evolving with numerous tokens being created and available for users to trade. As the rates at which the exchanges offer usually differ and hence Orion Protocol addresses this issue by acting as a liquidity aggregator for centralized and decentralized exchanges. . This enables the users to trade the cryptos at affordable rates.
The Orion protocol is an open-source, decentralized platform that collects liquidity from all the exchange markets and platforms. The main aim of the platform is to ensure the best returns out of their investments, minimizing the risks involved. Network users manage their assets and also access them with Orion protocols non-custodial solutions.
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| Launch Date | Founded in 2018 and launched in 2020 |
| Founder | Alexey Koloskov |
| Blockchain Protocol | Ethereum Blockchain |
| Native Token | ORN |
| Market Cap | $34.18 million |
| Token Type | ERC-20, native token |
| Circulating Supply | 34.14 million |
| Max Supply | 100 million |
| Consensus Method | Proof-of-Stake |
Read more: Crypto Listing Festival by CoinDCX – Rewards worth 20lakhs up for Grabs!
Who Are the Founders of the Orion Protocol?
The Orion Protocol (ORN) was founded by Alexey Koloskov(CEO) in 2018 and further launched in 2020 with its utility token ORN. Prior to this, he was a blockchain developer and a chief architect at Waves platform and IT project manager at UniCredit Bank Russia. As per the CSO, Yanush Ali says that the project reduces risks, such as hacker attacks that happen on centralized exchanges.
How Does Orion Protocol Work?
Orion protocol unifies the entire crypto system into a single API offering multiple features, tools, and products for traders and users. These include portfolio management applications, trading terminals, enterprise trading, liquidity boosts, an app store, and a DEX launcher. Using all these features, users can trade tokens and cryptos at the best rates.
The platform does this by seeking the most optimal path so that the users do not search for multiple exchanges within the market. The users can also access Orion’s portfolio management App where-in they can manage their assets in one place and access all the relevant trading data.
Moreover, the users can also use Orion App to buy and access apps to help them to carry out better trades. The popular apps are payment integration systems and trading bots. Alongside, the platform also has an extension for enterprise trading that companies and firms could integrate within their systems. Meanwhile, the centralized and decentralized exchanges use Orion’s liquidity boost extension feature to contribute to overall liquidity.
What Makes Orion Protocol Unique-Uses Cases?
The main aim of Orion Protocol is to offer a single platform for the traders and the users where-in they could utilize most of the liquidity on the protocol, manage assets and access Apps for trading and other purposes. The unique feature of the platform is it collects liquidity offered from multiple exchanges and displays it in a single universal API. The API also combines the order books, simplifying for the users to use.
Another distinct feature of the project is it reduces the percentage of the risks involved within the exchanges and finds the best trading options for the users with affordable fees and rates. Besides, Orion’s portfolio management app simplifies the trading process by setting alarms for opportunities and automating asset management. It also provides a marketplace for decentralized Applications (dApps).
Orion Protocol Price Analysis
Source: Tradingview
- The Orion protocol price has been trading within a deep descending trend since the market collapsed in May.
- The price maintained its trend within a falling wedge which is believed to be largely bullish and a little distinct from the pinnacle of the consolidation
- The token has been facing rejection in an attempt to rise above the resistance a couple of times before, and hence a breakout from these levels may lay down a firm upswing ahead
- The price may rise towards the resistance in the coming days and attempt for a breakout that may enable the price to rise beyond $1.2 to reach $1.4 in the near future.
- Besides, a failed attempt may result in a significant drop towards the lower support of the channel where-in the price may remain to consolidate for a while around $0.8
| Orion Protocol Price Today | $1.01 |
| Price Change <Yearly> | -7.26% |
| Market Dominance | 0.00% |
| Market Rank (as per CMC) | 419 |
| Market Cap | $34.18 million |
| Fully Diluted Market Cap | $99.62 million |
| ATH | $29.29 |
| ATL | $0.5363 |
Addiotional Read: Crypto Price Prediction
How to Buy Orion Protocol in India?
Planning to buy Orion Protocol? You are at the right place.
CoinDCX, the leading crypto & bitcoin investment app in India, offers you the best trading experience, keeping the security at its prime. To do so, register yourself by following the below-mentioned steps,
- Download the CoinDCX App on your smartphone
- Enter the details required to register
- Complete KYC
- On verification of your profile, fund your wallet and buy ORN token.
