What Is Orion (ORN) Coin: Everything You Need To Know About It

On November 22, Bitcoin soared to a new all-time high of over $98K, continuing to maintain its recent bullish momentum. Amid such bull run sentiment, Orion (ORN), an open-source decentralized financial project, also benefits from this bull run cycle, witnessing a massive price rally of over 30% over the past week.

Orion (ORN) primarily aimed at aggregating liquidity from different liquidity providers (i.e., exchanges) , thus allowing users to trade their crypto assets at the most favorable prices. Then, what is Orion (ORN)? Is it a good investment in 2024? In this article, we will take a detailed look at Orion Protocol and its cryptocurrency, $ORN,  analyzing whether it is a good investment in 2024 based our price prediction on Orion (ORN) from 2024 to 2050.

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Table of Contents

What is Orion Protocol?

Who are the Founders of Orion Protocol?

How does Orion Protocol Work?

What is the ORN Token?

ORN Tokenomics

Orion (ORN) Staking

Orion (ORN) Price History

Orion (ORN) Price Prediction

Is Orion (ORN)  a Good Investment in 2024?

How to Buy the ORN Token?

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What is Orion Protocol?

Orion (ORN) is an open-source decentralized blockchain platform that acts as a liquidity aggregator for centralized and decentralized exchanges. Orion Protocol was created with the goal of providing cryptocurrency users and traders with the best rates for trading tokens and coins across multiple exchange markets and platforms.

Essentially, Orion is designed to help users get the best return from their assets while reducing the risks associated with participating in multiple exchanges (centralized and decentralized).

One of the many products of Orion Protocol is the Orion Terminal, which on the surface looks like any other trading platform. However, having just one account on the Orion Terminal grants you access to the order books of all the listed centralised and decentralised exchanges.

Interestingly, the platform does not require users to perform a KYC registration. Additionally, unlike most exchanges, Orion Terminal is non-custodial. Assets that you buy will be sent directly to your wallet under your own private key.

Who are the Founders of Orion Protocol?

Orion Protocol was founded and developed by Alexey Koloskov, who is also the CEO of the protocol, and his team. The CSO of Orion Protocol, Yanush Ali, claims that Orion Protocol is what the cryptocurrency industry needs to resolve some of its biggest issues.

The Orion Protocol team, in addition to the CEO and COO, has a large Marketing Department and a large back-end and front-end development team.

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How does Orion Protocol Work?

Orion Protocol forms an entire ecosystem for traders by unifying the whole crypto market in a single API.  Orion offers a full suite of features, tools, and products for traders and crypto users, which includes a portfolio management application, trading terminals, enterprise trading, liquidity boost, app store, and DEX launcher.

For example, when an order is placed in a single API call, the Orion Protocol splits and sends this action to multiple exchanges at once. This allows them to find lower bids and ask spreads, and ultimately, the best exchange prices for users.

In addition, Orion seeks to address another risk of centralized exchanges: hacking. Orion’s unmanaged solution attempts to solve this problem by giving users the freedom to manage their assets on the platform.

Plus, with Orion’s multi-currency wallet, managing your portfolio becomes even easier. Because you only need one API to find them easily.

Finally, as Orion is open source, external developers can join the protocol and create their own decentralized applications on it.

What is the ORN Token?

Cryptocurrency	Orion
Token	ORN
Price	$ 1.2641 -2.82%
Rank	592
Market Cap	$ 43.2M
24H Trading Volume	$ 1.7M
All-time High	$ 29.1010
All-time Low	$ 0.4642
24 High	$ 1.3405
24 Low	$ 1.2142
Cycle High	$ 2.9370 / 2024-03-17 13:35:00
Cycle Low	$ 0.4642 / 2023-10-12 20:35:00
Update Time	2024-11-22 09:05:16

ORN is the native utility token of Orion Protocol. In addition to playing a vital role in platform governance through the Delegated Proof of Broker (DPoB) consensus mechanism, the token is also used in various products of the protocol:

• Orion Terminal: Users receive a discount on fees when paying with ORN and earn terminal transaction fees and interest by pledging ORN tokens.
• Decentralized brokerage: Brokers need to pledge ORN in order to be selected to trade. Non-brokers can pledge ORN to vote for the broker of their choice.
• Orion Enterprise: All licensing fees incurred will be used to purchase ORN from the market and removed from the total supply.

Currently, ORN coin is not available on BTCC platform. However, it is worth mentioning that BTCC, one of the longest-running crypto exchanges in the world,  supports trading for 300+ cryptocurrencies with a leverage of up to 500Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.

ORN Tokenomics

With a total supply of 100 million tokens, ORN’s initial token distribution sets as below:

• Consultants/partners: 6%
• Marketing: 13%
• Team: 12%
• Token sales: 45%
• The Orion Foundation: 24%

The Orion Protocol token is supply-capped, which means that its supply is limited and no new tokens should be minted beyond the token generation event. The finite supply acts as an anti-inflation mechanism, meaning that ORN could be a good store of value in the long term. There are also mechanisms in place to regularly remove tokens from the circulating supply and burn them, such as those used for licensing fees and refunds, making the token deflationary.

Orion (ORN) Staking

Currently, Orion has a multi-exchange pre-staking program, which, according to them, offers an annual interest rate of 39%. It was so profitable that 50% of ORN’s circulating supply was staked. After Mainnet launched in the fourth quarter of 2020, Orion used the Delegated Proof of Broker (DPoB) model.

The Delegated Proof of Broker (DPoB) is a variant of the Proof of Stake (PoS) mechanism. DPoB is comprised of two core components: Brokers and Non-Broker Stakers. Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from Orion’s liquidity aggregator. Brokers are chosen to execute trades based on how much ORN, Orion’s native token, they stake. Non-Broker Stakers stake ORN to ‘vote’ for their choice of Broker based on the variable reward share offered.

According to the existing mechanism used by other exchanges, the DPoB model used to stake ORN is non-inflationary: the miner/staker’s benefits are usually calculated in the form of new tokens that affect the underlying asset over time.

Orion does not mint tokens for reward purposes. Instead, DPoB creators receive rewards generated through Orion’s 13 revenue streams. This in turn preserves the necessity and value of ORN tokens.

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Orion (ORN) Price History

The ICO for ORN Tokens was launched in July 2020. According to the earliest available price data for 2020, the ORN token fell to $0.53 on July 16 after its launch, and then the price soared, climbing to $6.41 on August 10, spiking 1,109% in less than a month.

After the rally, ORN prices began to retreat, falling nearly 46% for the year to $2.12.

ORN performed plain at the beginning of 2022, hitting $2.14 on January 12. Since then, a bullish rally began, with the ORN token value soaring more than 1,268% to an all-time high of $29.29 on March 22. The pullback brought the price down to $10.79 on April 24 and further to $3.72 on July 20, a drop of more than 87% from the peak.

ORN has been in a bearish position since the beginning of 2022, with its price remaining below $2 and even dipping to a new all-time low of $0.4642 in October 2023.

As the market recovered, the price of ORN coins recovered this year, reaching a new high of $2.77 on March 19.

As of writing the article on June 2, ORN Token is traded at  $ 1.2641, boasting a market cap of $ 43.2M, and witnessing a hefty 24-hour trading volume of $ 1.7M. ORN Token saw a 24-hour change of -2.82%, with minor fluctuations of -0.62% in the past hour.

The following sets forth the ORN to USD Chart

Orion Chart

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Orion (ORN) Price Prediction

Orion (ORN) Price Prediction 2024

For Orion (ORN) price prediction for 2024, based on current market conditions, Orion is predicted to be traded between $1.163116 on the lower end and $1.3620077 on the high end.

Here are the possible price changes we expect for Orion (ORN) in the next half month:

Orion (ORN) Price Prediction 2025

As to Orion (ORN) Price Prediction for 2025, we anticipate ORN’s price rally to persist in 2025, fueled by the same array of factors that have propelled its growth trajectory in 2024. Furthermore, the token’s price surge may intensify as Bitcoin reaches unprecedented heights, prompting an influx of investors, including those previously hesitant in the crypto sphere, to redirect their funds towards digital assets for the very first time.

Therefore,it is projected that Orion (ORN) would reach a maximum price level of $ 2.8795 in 2025. However, under a bearish circumstance, Orion (ORN) is estimated to drop to a potential lowest price level of $ 1.6550 during the year, with an average trading price of $ 2.4906.

Orion (ORN) Price Prediction 2030

In terms of long-term price prediction for 2030 on Orion (ORN), our forecast remain bullish. We expect this cryptocurrency prices to keep rising from 2026-2030 in a virtuous cycle, with communities around tokens like Orion holding onto tokens and driving up prices as demand exceeds supply

Considering this, our predict Orion to see an average price level of $ 4.2617 in 2030. Overall, it is predicted that Orion (ORN) would see a potential low price of $ 2.4597 and a maximum price level of $ 5.0812.ion 2030

Orion (ORN) Price Prediction 2050

As to Orion (ORN)’s price prediction for 2050, Orion (ORN) will likely experience strong volatility in the long run  as it looks to establish itself as a permanent figure in the market. According to our current analysis,  in 2050, Orion (ORN) is predicted to be traded between $ 5.1087 to $ 10.2975 and the average price of Orion (ORN) should be around $ 8.9028.

Potential Highs & Lows of Orion (ORN)

Here are our projected highs and lows for Orion (ORN) from 2025 to 2050:

Is Orion (ORN) a Good Investment in 2024?

As a utility token, ORN will gain value as Orion Protocol scales up. The maximum supply of ORN is scheduled to be 100 million, of which only 29% is in circulation, and the rest would be deposited for staking (providing market liquidity) or stored in wallets for future use.

While Orion Protocol is not the first liquidity aggregator protocol, it is certainly the most complete and largest to date. This is an attractive prospect for both retail consumers and businesses to earn income through ORN token payments.

Since ORN tokens are not stablecoins, i.e. not pegged to real-world currencies, there is room for ORN to grow. The bigger the ecosystem (and likely to get bigger) and the more users and businesses using the Orion Protocol, the higher the demand for ORN will be.

However, the future price trend of Orion (ORN) is uncertain and speculative, with project updates, advances in blockchain technology, and market conditions contributing to its growth potential. Therefore, investors should do enough research and take into account current market conditions before making any investment decision regarding Orion (ORN).

How to Buy the ORN Token?

At present, ORN coin has already gotten listed on major crypto exchanges like Coinbase, CoinEx, etc., where interested investor can trade ORN crypto.

Unfortunately, ORN coin is not available on BTCC platform at present. However, it is worth mentioning that BTCC, one of the longest-running crypto exchanges in the world,  supports trading for 300+ cryptocurrencies with a leverage of up to 500Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.

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About BTCC

BTCC, one of the longest-running exchanges in the world, supports crypto copy trading, spot trading, as well as futures trading for 300+ cryptocurrencies with a leverage ranging from 1Χ to 500Χ.  If you want to trade cryptocurrency, you can start by signing up for BTCC.

BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

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