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. 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. Later, the price began to fall steadily, and by December 2020, the price had dropped to $0.11, … Continued
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