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Origin Protocol (OGN) Price Prediction 2021-2025: Will OGN Surpass $5 by 2021?

Origin Protocol (OGN) Price Prediction 2021-2025: Will OGN Surpass $5 by 2021 with its features including staking in the network and rewards.

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Ethereum blockchain is very popular among DeFi users, and Origin Protocol is one such economy marketplace. Decentralized marketplaces can be created on this platform.

On Original Protocol’s platform, users may trade goods and services as it is a peer-to-peer network.

As a result, the Origin Platform enables decentralized e-commerce sites. Moreover, the marketplace can be built with the purpose of eliminating or lowering transaction fees. Additionally, the protocol provides its user to stake in the network and earn rewards.

For some, Origin is one of the most surprising of the cryptocurrencies that are soaring this year. However, as it is not related to Bitcoin, and that’s why it is not much popular among crypto traders.

Origin Protocol has been around since 2017 and has made waves recently after touching around $3.3 on April 8, 2021.

So, Is it possible for Origin Protocol to hit $5 in 2021?

We will find out soon in this article. But, before we get into our Origin Protocol (OGN) price prediction, let’s first understand what Origin Protocol is and how it will perform going forward during the year 2021 and beyond.

What Is Origin Protocol (OGN)?

Origin Protocol’s founders, Matthew Liu and Josh Fraser created the ecosystem with the goal of offering a hazel-free distributed system where users can market their businesses.

Origin Protocol is a network, which peer-to-peer that allows market participants to trade goods and services.

Furthermore, the platform aims to build a large online platform that employs the ETH blockchain and IPFS (i.e., the Interplanetary File System) but without the need for intermediaries.

Furthermore, the protocol allows for the construction of a decentralized environment in which buyers and sellers can collaborate, leave reviews, search for available listings, and conduct a variety of other tasks. Assets with fractional utilization could be traded more easily as a result of this.

The features of Origin Protocol’s basic proposition are as follows:

  • Increased accessibility: Markets are now open to even the unbanked.
  • Special incentives: By promoting new members and building innovative applications, anyone can own a piece of the Origin network.
  • Lower fees: When middlemen are removed, buyers and sellers can save more money.
  • Censorship resiliency: it is tough to shut down or ban peer-to-peer markets.

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Do you think OGN will be a profitable asset in 2021 now that we have a better understanding of it? Join me and let’s look at OGN’s fundamentals and technical analysis in this OGN price prediction article.

What Are the OGN Token’s Various Use-cases?

Origin is one of the first Ethereum projects to include meta-transactions, which aim to eliminate the need for users to pay gas fees (Ethereum) for all transactions.

The Origin platform’s native utility token, OGN, is used to power payments, systems that provide incentives, and governance mechanisms of the future.

This platform provides rewards such as authenticating IDs, cashback on purchases made by the users, promoting OGN on social media, and recommending new users to the site, all earn users OGN.

Buyers can pay sellers using OGN in return for goods and services, and sellers can pay buyers with OGN.

The Origin team is constantly exploring and creating novel staking models that will reward token holders for powering and sustaining other areas of the network in exchange for generating yields.

To advertise and obtain higher visibility on e-commerce applications, sellers pay commissions in OGN to application developers in order to enhance sales.

How OGN Is Unique?

By establishing a decentralized, peer-to-peer network linking merchants and eliminating traditional intermediaries, Origin Protocol hopes to disrupt the sharing economy.

Origin Protocol’s mission is to build distributed networks that allow users to promote their businesses.

The protocol focuses on the unrestricted trade of all products and services at market pricing without the intervention of third parties.

The Origin Protocol eliminates the need for intermediaries who charge fees for transaction processing.

Origin Protocol uses an incentive structure to reward users for their contributions to the network.

Furthermore, without the necessity for a bank account, the Origin Protocol allows underprivileged populations to access open marketplaces.

Price Analysis of the OGN

Flashback: Historical Price Analysis of OGN

According to the Coinmarketcap, Origin entered the crypto market on January 10, 2020, with a lower trade value of $0.2.

Later, by February 2020, the price had risen to $0.3, and by early March 2020, it had been increased to $0.5 once again.

The currency plummeted to $0.16 after the market crashed owing to the Covid-19 outbreak in mid-March 2020.

Later, with some changes, the price stayed constant and, shockingly, increased to $0.39 by June before dropping to $0.24.

Further exacerbated by price disparities, OGN soared to $0.53 in mid-August 2020 2020 and then plummeted to $0.10 in November 2020.

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Later, the price began to fall steadily, and by December 2020, the price had dropped to $0.11, bringing the year to a positive close.

Origin Protocol (OGN) Price Prediction 2021

On a pessimistic note, OGN started the year 2021 with a $0.11 exchange rate. Later, on April 8, 2021, the price of OGN began to grow rapidly, reaching an all-time high of $3.39.

The Origin Protocol has the potential to grow in popularity as it focuses on and seeks to fix the underlying challenges that plague online marketplaces and transactions.

Asa result, OGN is expected to reach a high of $5 by the end of 2021.

Origin Protocol (OGN) Price Prediction 2022

OGN might start the year 2022 at $5.7 in trading value. If the bulls remain optimistic for a longer period of time, the currency is expected to gain even further.

If it focuses on specific inward advancements, it may be able to attract more users and investors. As a result, the price of OGN might be worth $20 by the end of 2022.

Origin Protocol (OGN) Price Prediction 2023

By December 2023, the price of OGN will rise to $24 due to community acceptance on a large scale.

As Origin makes it simple for developers to manage listings for fractional use of assets and services directly on the blockchain, it allows them to construct decentralized markets.

Origin Protocol (OGN) Price Prediction 2024

By the end of December 2024, the price of OGN is expected to reach $27.5. It is because Origin Protocol addresses the fundamental shortcomings of existing online marketplaces.

These issues include a lack of transparency, unjust transaction fees, no innovation, and issues with centralization.

Origin Protocol (OGN) Price Prediction 2025

The issue they’re addressing is that, by 2025, global bookings in the sharing economy are estimated to reach $335 billion, thanks to platforms like Uber.

As a result, the price of OGN is expected to reach $30 by the end of 2025.

Origin Protocol (OGN) Price Prediction: Market Sentiment

Wallet Investor

Origin Protocol’s price might rise to $4.3 from $1.8 in the coming year, according to Wallet Investor, and trade at $15.37 by the end of 2025.

Moreover, money invested today, such as $100, will reach $673 by the end of 2025.

Digital Coin Price

OGN is expected to trade at an average price of $1.35 by the end of 2021, rising to $1.41 by the end of 2023, according to Digital Coin Price.

Furthermore, the price of OGN will reach $2.35 by December 2025, representing a 185.36 price rise since 2021.

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Reddit Community

According to Reddit Community, the expected price of OGN is expected to reach $10 in the next five years.

Gov Capital

By the end of October 2021, if you invest in OGN today, you will have earned $0.86 per OGN. However, the price of OGN will rise to $1.144 by December 31, 2021.

Coin to Buy

The price of OGN will reach $3.49 by the end of December 2021, representing a 329% price rise since 2021.

Our Origin Protocol (OGN) Price Prediction

By establishing a decentralized, peer-to-peer network linking merchants and eliminating traditional intermediaries, Origin Protocol hopes to disrupt the sharing economy.

Origin Protocol’s mission is to build distributed networks that allow users to promote their businesses. The protocol focuses on the unrestricted trade of all products and services at market pricing without the intervention of third parties.

One of the issues with existing stablecoins is that users are continuously forced to choose between holding and receiving yields in smart contracts in the form of locked tokens.

Users that store USDC in Aave, for example, are unable to use a portion of that USDC at the same time.

This is what Origin protocol aims to solve. The Origin Protocol enables poor communities to access open markets without any bank account.

Based on OGN’s fundamentals and price prediction by various media outlets, we expect OGN’s price to reach $4 and its minimum price can be $2.50.

Will OGN be a profitable investment in the long run?

Despite the positive price trend, you should thoroughly examine the data before adding OGN or any other asset to your portfolio.

Conclusion

The OGN protocol enables the establishment of a decentralized environment in which buyers and sellers may connect, leave reviews, and do various other things like search for available listings.

Since its launch, the protocol has shown a positive price behavior. Therefore, Origin Protocol’s price could rise as it focuses on specific relationships with a number of crypto firms. It may also concentrate on improving its blockchain infrastructure in the hopes of attracting investors’ attention.

However, according to Origin Protocol (OGN) price prediction, the price of OGN would reach $7 (maximum price) by the end of 2021 and then grow to $10by December 2025.

This material has been assembled from a variety of sources, and Cryptoknowmics makes no claim to its veracity. As Cryptoknowmics and the author herself is not an independent investment consultant, Cryptoknowmics does not recommend investing in crypto assets based on this article’s claims.

#OGN Price Prediction #Origin Protocol

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Source: https://www.cryptoknowmics.com/news/origin-protocol-ogn-price-prediction-2021-25-will-ogn-surpass-5-by-2021

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The GBA Annual Achievement Awards

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In April 2019, during the Guatemalan election, the people of Guatemala suspected that voting fraud had occurred. Since additional elections were scheduled for August 2019, citizens wanted assurance that there would be no fraud in the next election. That was the impetus for Fiscal Digital, a Guatemalan citizen volunteer organization, to utilize a public immutable blockchain for their elections. Against overwhelming opposition, the Organizer of Fiscal Digital, Carlos Toriello Herrerias, was successful in implementing a blockchain-based voting solution in Guatemala. Carlos was the winner of last year’s GBA Annual Achievement Award for Courage.

The Government Blockchain Association (GBA) is pleased to announce that the 2021 Annual Achievement Awards will be happening live in Washington DC, (9/30/2021) as part of Government Blockchain Week. Four awards will be presented in the areas of Leadership, Innovation, Social Impact and Courage. Nominations of individuals deploying exceptional blockchain use will come from around the globe. From securing land titling records, to self-sovereign medical records, to immutable and verifiable voting, blockchain is affecting every industry that transfers value. The winners of these awards are truly making a mark in history, and there is still time to nominate your colleague.

Winners will be awarded by MC Robert Levin of Emergingstar Capital, from a stage in Washington DC in front of a distinguished audience. Receiving a GBA Annual Achievement Award is a credential that can be listed on Linked In, resume’, and any other social media as a recognized global achievement. Do not miss this opportunity to promote the exceptional achievers in your circle. Nominate them for the GBA Annual Achievement Awards today.

Annual Achievement Awards nominations are open until August 15. Winners will be announced from stage in Washington DC on September 30th. All uses of blockchain technology are eligible.

Source: Palto

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Happy birthday Ethereum!

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Today marks the sixth birthday of the Ethereum network and Ether – the world’s second-largest digital asset.

Ethereum was created by the crypto innovator Vitalik Buterin when the project was officially proposed in a white paper in late 2013.

The following January, a 20-year-old Buterin, headed down to the annual North American Bitcoin conference in Miami, Florida, clutching that white paper.

It’s there he met his Ethereum co-founders – a group of Canadian crypto evangelists who immediately saw the huge potential of Buterin’s idea.

Crammed into a little beach house, they invited Buterin to stay and turn his vision into reality.

Within six months, Vitalik had dropped out of the computer science program at the University of Waterloo, and moved out to Zug, Switzerland (now known as crypto valley) along with the rest of the group-turned-team.

The founding members of the Ethereum network included Gavin Wood (Solidity smart contract language creator), Anthony di Lorio (DeCentral founder), Joseph Lubin (ConsenSys founder), and Charles Hoskinson (Cardano founder).

After the completion of an $18m funding round in 2014, development begun and Ethereum slowly materialised as a viable decentralised network.

However, tensions between members set in and the team begun to unravel.

Charles Hoskinson was the first to go, many others would follow.

Today, only Buterin still works on the project.

After a period of successful testing on July 30, 2015 – the first block of Ethereum was mined and the Ethereum mainnet was launched.

The network has rapidly grown to become one of the most prominent components of DeFi and the crypto industry at large. However, a victim of its own success, gas and transaction fees have begun to slow.

This is why Ethereum is now preparing for an imminent scalability update to Ethereum 2.0.

Watch this space.

More crypto news and information

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice

 

 

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Source: https://coinrivet.com/happy-birthday-ethereum/

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Binance to halt derivatives and futures trading in Europe

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Binance has officially halted futures and derivatives products offerings across the European region, commencing with Germany, Italy, and the Netherlands. 

The leading cryptocurrency exchange continues to limit products to users amid the ongoing challenges it faces from global regulators.

The move means users from these countries will not be able to open new futures or derivatives products accounts “with immediate effect”. 

Binance confirmed that if existing users have any open positions in these markets, they are advised to close them, noting that a further announcement would be made at a later date to confirm a 90-day period in which to close open positions.

Binance clarified the importance of European markets to their offerings and invited regulators to open a dialogue to discuss the requirements necessary at local levels. The discussion marks Binance’s continued efforts to collaborate with local and national regulators on the necessary requirements to operate in these areas.

“The European region is a very important market for Binance, and it is taking proactive steps towards harmonising crypto regulations, which is a positive sign for the industry,” wrote Binance in a tweet.

Binance also said it does “not actively market Futures and Derivatives Products locally” and that they plan to start “further scaling down” access to these products within Europe. 

The announcement follows Binance’s recent removal of high leverage trading products from its product offerings and a seemingly relentless wave of scrutiny and oversight from global regulators. 

Despite recent efforts to appease regulators by CEO Changpeng Zhao (CZ), Binance has been forced to delist certain margin trading pairs and cease trading and support for stock tokens like Tesla and Coinbase. Binance is also preparing to cut daily withdrawal limits from two Bitcoin (BTC) to 0.06 BTC in August.

Additionally, leading banking institutions and payment processors in the UK have started to limit transfers to and from Binance, citing “excessively high fraud rates” as a key reason for the decision. 

Binance has also been banned in Malaysia and given 14 days notice to shut down its operations. According to an announcement released today, the Securities Commission of Malaysia has issued public enforcement actions against Binance for “Illegally Operating in Malaysia.”

Binance has been given 14 business days from July 26 to comply. The order demands that Binance disables its website and mobile apps in Malaysia alongside ceasing “all media and marketing activities”.

The announcement also mandated Binance CEO Changpeng Zhao to ensure full compliance with the order. Malaysia’s securities regulator also urged citizens to desist from trading with crypto exchanges operating in the country illegally.

Binance-owned exchange WazirX is also being investigated by authorities in India to determine whether it was complicit in alleged money-laundering conducted by betting apps, which collected more than $134 million in the past 10 months. The Enforcement Directorate is investigating allegations that Chinese-operated betting apps laundered a portion of funds through WazirX.

CEO Changpeng Zhao remains optimistic about the future of Binance despite the recent regulatory issues faced by the exchange. He recently disclosed that Binance US, which operates separately from Binance, was looking to go public.

“Binance US is looking at the IPO route,” he said.

“Most regulators are familiar with a certain pattern or having headquarters, having corporate structure. But we are setting up those structures to make it easier for an IPO to happen.”

 

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Source: https://coinrivet.com/binance-to-halt-derivatives-and-futures-trading-in-europe/

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PayPal to launch crypto trading in UK

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PayPal has announced an extension of its cryptocurrency trading platform to UK customers.

This is a significant change of tune by the company, whose former CEO Bill Harris described Bitcoin in 2018 as “a useless payment system, and a ridiculous store of value”.

Now, however, the electronic payment service has slowly begun integrating cryptocurrencies on a large scale, with the moves described as part of an incremental new strategy by new CEO Dan Schulman as he revealed details in his recent Q2 reporting call.

“We continue to be really pleased with the momentum we’re seeing on crypto,” he said.

“We’re going to launch, hopefully, maybe even next month in the UK, open up trading there.”

Trading of crypto assets such as Bitcoin (BTC), Ethereum (ETH), and LiteCoin (LTC) is planned to arrive for UK users by the end of August. Currently, PayPal allows cryptocurrency transactions up to $100,000.

However, PayPal retains control of user’s cryptocurrency in a move reminiscent of traditional centralised financial practices, with no mechanism for transfers to private wallets.

This leads to the ‘not your keys, not your coins’ argument.

Jose Fernandez da Ponte, Vice-President for Blockchains, Crypto, and Digital Currencies suggested this will be a future feature incorporated into the Venmo platform.

Venmo – an easy payment app owned by PayPal – has become a primary facilitator of cryptocurrency trading for the company. The app is popular in the United States, but has made little impact on the British market.

Schulman indicated that Venmo is preferential as it can be used easily in day-to-day commerce, also noting the app’s rapid growth to 70 million users and revenues in excess of 180%.

“We’re also seeing strong adoption and trading of crypto on Venmo,” he added.

“In this quarter, we expanded the Venmo value proposition to allow merchants and consumers to pay for goods and services.”

Crypto in commerce seems to be the predominate focus of PayPal, although its ‘super app’ will operate a centralised trading exchange, this is a competitive space with the likes of DashDirect launching earlier this week.

Automated Clearing House (ACH) sits at the core of PayPal’s market-dominating strategy, allowing vendors and merchants to set-up direct debits to user’s crypto wallets.

“We’re working right now on transfers to third-party wallets, and we really want to make sure that we create a very seamless process for taxes and tax reporting,” Schulman explained.

“And so we’re really looking at how do we integrate that into both the trading and the buy with crypto on our platform.”

Implementation of DeFi products into PayPal’s ecosystem is fundamental to the firm’s potential success in integrating commerce with mass adoption, a fact that doesn’t escape their CEO.

“How can we use smart contracts more efficiently?” he asked in the Q2 call.

“How can we digitise assets and open those up to consumers that may not have had access to that before?”

“There are some interesting DeFi applications as well. And so we are working really hard.”

Needless to say, PayPal’s moves on cryptocurrency are of huge significance for crypto adoption – with the platform representing an easy and widespread point of entry for new crypto users.

More crypto news and information

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice

Disclaimer: We do not give advice on financial products.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://coinrivet.com/paypal-to-launch-crypto-trading-in-uk/

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