$ORN: Fundamental ROCKET ship with the calculator!
Idk if you guys saw the Orion Protocol staking calculator.... but it's absolutely ridiculous. This project has all sorts of momentum, and while the APY rates of $ORN staking might be astronomical? I think that there's quite a bit of realism baked into those rates. Dex's have become very silo'd and there are many efforts to do cross platform resolution of liquidity problems. However, if anyone has used UNIswap lately you probably paid some ridiculous gas fees for any transaction. Orion Protocol is the most obvious solution to this, and if the Orion hub trading platform can capture that market? And provide the best prices for any token swaps across all the cex's and dex's in the space? What's to say that ORN can't double the daily volume of Binance? If you explore the capabilities of the project? You'll find some seriously awesome stuff like their liquidity boosting, their Dex dev kit, the list goes on and on.
Technically: The daily chart shows us some great bullish action. As per usual I've used a pitchfork indicator to show how price action is following along nicely. We saw a rejection from the upper 1.0 prong, and now we're seeing some indecision / leaning bullish, candles. I wouldn't be surprised to see this continue to pump off the bullish news. However, in the lines that I've drawn? We're going back to retest those lower prongs. Either way, $ORN is distinguishing itself as a strong candidate for the staking competition between the big platforms. With the highest rates in the entire crypto space? People will be fomo'ing in to this pretty hard. Luckily, they're building something that will last, and the fomo might just be justified.
Technically: The daily chart shows us some great bullish action. As per usual I've used a pitchfork indicator to show how price action is following along nicely. We saw a rejection from the upper 1.0 prong, and now we're seeing some indecision / leaning bullish, candles. I wouldn't be surprised to see this continue to pump off the bullish news. However, in the lines that I've drawn? We're going back to retest those lower prongs. Either way, $ORN is distinguishing itself as a strong candidate for the staking competition between the big platforms. With the highest rates in the entire crypto space? People will be fomo'ing in to this pretty hard. Luckily, they're building something that will last, and the fomo might just be justified.
Comment:
Orion Protocol is behaving nicely. This last week's correction touched and bounced off of the upper .5 prong as perfectly as possible. Fundamentally it's a sleeping giant. It's only a matter of time before this is 50-100 dollars based on the staking alone. Not to mention the absolutely necessary market aggregation as a DEX. Game changing. Once the Orion station is up and running? I won't need to use anything else to trade crypto...
Comment:
Congrats to everyone who jumped in on this ridiculously bullish project. Price discovery is always fun. And as always, be ready for dips.
