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Highlights
- Founded by Alexey Koloskov, Orion Protocol primarily acts as a liquidity aggregator that allows the users to trade in crypto assets at a favourable rate.
- The Origin protocol is governed by its native token ORN and on 25 July it was witnessing a rally of over 6% and a volume gain of over 850% over a day according to CoinMarketCap.
- The 387-ranked ORN crypto on Monday was trading at US$1.45 with a trading volume of US $6,21,39,301 over a day, according to CoinMarketCap.
Founded by Alexey Koloskov, Orion Protocol primarily acts as a liquidity aggregator that allows users to trade in crypto assets at a favourable rate. Acting as a non-custodial gateway into the entire digital asset market, it allows the users to make the best of both centralised and decentralised exchanges, thereby allowing the users to drive the best from their crypto balances and trading by collecting liquidity from a great number of supported exchanges within its API.
The key to Orion’s value is its ability to produce high order execution time coupled with a seamless user interface, which makes Orion an attractive platform for those individuals who are interested in brokerages with lower fees, interchange trading features, and user arbitrage.
The Origin Protocol is governed by its native token ORN and on 25 July it was witnessing a rally of over 6% and a volume gain of over 850% over a day, according to CoinMarketCap.
Why is Orion Protocol (ORN) rallying?
The exact reason for ORN crypto’s rally is still unclear, but it may be due to the recent development of Orion Bridge adding The Sandbox and TornadoCash. With this, Orion Bridge has an array of cryptos on its platform, which the users can access including the likes of Ethereum, Fantom, Matic, COTI, etc. between the Ethereum and the Binance Smart Chain networks.
Besides, the ORN market volume has reached US$70.48 million, thus making its highest gain in the past 90 days.
The unique feature of the ORN protocol is that it offers the users a portfolio management system, which the users can monitor. ORN by keeping a record of the cross-exchange activities gives a wider base to choose from and also warns the users in case things go wrong.
ORN’s price performance
The 387-ranked ORN crypto on Monday was trading at US$1.45 with a trading volume of US $6,21,39,301 over a day, according to CoinMarketCap. ORN crypto has been witnessing green for quite a while now with the token registering gains of 5.5% in the past 30 days. Over the past week or so, it has gained over 13% thereby continuing its good run. The token boasted of a live market cap of US$4,94,79,707, with a circulating supply of 3,41,46,255 ORN coins.
Although the token has been witnessing a good on of late, it’s also important to note that things in the crypto market change rapidly. Hence, as a market participant, it’s important to conduct proper research to ensure that one makes correct decisions based on market trends.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
