Orca crypto soars over 100% to all-time high. Here's why

3 min read | September 23, 2021 09:12 AM EDT | By Raza Naqvi

Orca crypto soars over 100% to all-time high. Here's why — Image source: © Eamesbot | Megapixl.com

What is Orca?

It is a one-of-its-kind DEX on the Solana blockchain and allows its users to swap assets, provide liquidity and earn yields.

Not only users but projects can also use the platform to integrate swapping or farming into their decentralized applications. Orca aims to bring decentralized financial (DeFi) services to the masses and provides easy and effective financial tools.

According to CoinGecko, the native ORCA token clocked an all-time high of US$ 12.3 per token on Thursday, September 23. This indicates a positive upward trend for the cryptocurrency as last month it had scored an all-time low of US$ 1.55 per token on August 10.

The Orca crypto is rising after its latest round of Series A funding.

ORCA token’s price prediction

The ORCA coin has surged by 121.5 per cent since the past week and this cryptocurrency will likely witness bullish momentum throughout this year due to the latest funding round.

If the bullish momentum continues, the ORCA token could reach US$ 18 by the end of 2021.

Also Read: What is Illuvium? ILV coin price prediction as volume soars over 550%

Bottom line

As the new round of funding is expected to boost Orca's prospects, the DEX is expected to focus on its vision of making itself a capital-efficient and user-friendly AMM in the Solana ecosystem.

Since its introduction in February, Orca's growth has looked promising, and the protocol surpassed US$ 231 million in total value locked ever since the launch of its governance token.

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