Serban’s Crypto Picks – Reiterate BUY Orion Protocol Token – Unicorn sets off
*ORN launched its long awaited platform yesterday – inline with timeline expectations
*Today we have seen weakness in a ‘’buy the hype, sell the news’’ type of move
*We could see some continued weakness until the price stabilizes again but see this as only being an opportunity for people not involved already
*We continue to see huge potentials with full of news and launches in the coming months so more will happen
*Also the more people start using the platform, the better the price
*We are still looking at a price target of around 10x from the current USD 20 level
BUY Orion Protocol Token – Our Little Unicorn
Thursday • 11 March 2021 • 11:50
*If you are looking to dip your toes into the world of Crypto we have found a little gem called ORN which is a token for a project looking to create the first gateway to the entire crypto market
*Orion Protocol will aggregate the liquidity, order book depth, and price discovery of every single crypto exchange into one decentralized digital asset market platform
*Along with sixteen different revenue streams the company is looking at a timeline of around 1 year to be up and running
*At the core of Orion Protocol is the ORN token. It’s required for payments, staking, participation, and the unlocking of advantageous network access with discounts on trading, oracle usage, and Protocol access.
Our view on ORN token
*In our view Orion Terminal is just what the Crypto market needs in order to become more commercialized as user-friendliness is very low for the moment as well as price transparency and liquidity access – as Crypto becomes more institutionalized and more ‘normal’ people get involved the demand for a single exchange/access point will explode
*For the moment you need a wide range of accounts with different exchanges in order to each coin/token and even just liquidity pools
*We see Orion as having a lot of potential as well as platforms like IG Index who normally offer margin on trading have taken Crypto off their offerings for now
*The project remains a startup and the timeline is around 1 year while staking is already expected in the next month or so
*The way to invest is to buy ORN tokens which are used as in the verification of trades etc under the model – this will give you the opportunity at a later stage in the project for Staking where you lend out your tokens for an interest payment – the yield will be based on daily volume, market price and stake.
*Given the volatility of the ALT coin market and the start-up nature of ORN we are of course sizing accordingl
*We are looking at a price target of around 10x from the current USD 19 level
*We access ORN through Binance – Bitmax, Kucoin and MXC also offer ORN
Read more about Orion Protocol at https://blog.orionprotocol.io/orionexplained