The human race relies on the internet in today’s globalized world. Everyone, including business organizations and governments, relies on the Internet for everything from communication to organizing daily tasks. However, as the internet becomes more widely used, several threats to the privacy and security of the average person emerge. The internet was once free and open to all. Still, governments and mega-corporations with agendas have placed restrictions on access to the Internet, and the services accessed are being monitored.
People are purchasing VPNs to circumvent this surveillance and censorship. These tools provide privacy and anonymity to avoid being watched. While VPNs are adequate for most applications, the centralized trust-based model has flaws. Users have little faith that their VPN service is not secretly attempting to log in and share data in response to government pressure or the lure of additional revenue. Instead, VPNs’ relatively consistent payment and cost structure models create lock-in effects, preventing users from switching providers efficiently and quickly when one is blocked or slow.
Current one-to-one networks construct multi-hop circuits to hide route information from any specific party. However, these systems lack dependability and assurance because they are free to use. Inadequate rewards and a scarcity of donated free bandwidth harm performance and quality. The low acquisition cost for an attacker to provide a significant fraction of total network bandwidth also risks security.
To mitigate these risks, a network that provides decentralized peer-to-peer services with appropriate benefits and nonpayment methods is required. An open-source market system that allows users to buy bandwidth from trusted sellers can solve these problems. However, contracts based on virtual currency have the potential to provide numerous opportunities to deter suspicious attacks. Orchid, a decentralized platform, is critical to resolving these issues and providing clients with a secure internet base free of restrictions and monitoring.
This guide will cover the essential aspects of OXT, such as the project’s goal, potential future investment, and whether you should invest in 2024.
How to Buy Orchid – Quick Guide
Here’s a quick guide to buying the OXT token in just a few simple steps:
- Choose Orchid exchange – we recommend eToro, which is ASIC, CySEC, and FCA-regulated
- Sign up for an account and verify it with your government ID or driving license.
- Deposit into your account via bank transfer, Paypal, credit card, or other payment methods
- Search ‘OXT’ in the drop-down menu to see the OXT price chart
- Click ‘Trade’ and select a quantity of OXT to buy
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Where to Buy Orchid – Best Crypto Platforms
Despite OXT being a new digital currency, some of the industry’s most prominent cryptocurrency exchanges decided to list it as soon as it was available. Our most recent update includes suggestions for where to buy OXT right now.
The characteristics, fees, and reasons for their uniqueness were added to the list of OXT purchasing sites in 2024. The most popular platform for purchasing OXT cryptocurrency is eToro. The platform is secure, affordable, and simple to use.
Best Brokers to Buy Orchid Coin
1. eToro: Overall Best Platform to Buy OXT Coin in 2022
eToro is at the top of our list of the best platforms to buy OXT coins. eToro is an Israeli multinational social trading and multi-asset investment firm specializing in financial and copy trading services. The company’s headquarters are in Central Israel, with registered offices in Cyprus, the United Kingdom, the United States, and Australia.
eToro is a social trading and investment platform that allows you to trade stocks, commodities, indices, and currencies online. Furthermore, eToro has a low fee structure, no minimum deposit requirement, and a high level of liquidity.
In other countries, eToro provides a comprehensive online brokerage platform. It is new to the US market and only provides cryptocurrency trading there. The eToro platform offers 27 cryptocurrencies, a transparent fee structure, and a thriving user community.
If you’re looking for a low-cost cryptocurrency exchange, remember that eToro has relatively high trading fees. For buying and selling Ethereum, Cardano, and Tron, you can now earn rewards in your wallet.
Learn more about cryptocurrency staking. The eToro deposit procedure is entirely free. Wire transfer, credit card, debit card, PayPal, Skrill, Sofort, and Netteller are the available deposit methods. The minimum deposit amount varies depending on the user’s location.
Before trading, individual investors in the United Kingdom and the rest of Europe must make a minimum deposit of $200. Users in the United States must also deposit $10.
Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
2. Binance: Trade OXT with Leading Crypto Exchange
In 2017, Changpeng Zhao, a Chinese software developer, founded the decentralized cryptocurrency exchange Binance. Binance is currently the world’s largest cryptocurrency exchange by trading volume, but it faces regulatory challenges in several countries.
For example, authorities in the United States are looking into allegations of money laundering and tax evasion. Several countries have also made it illegal to use the platform.
Binance gives users all over the world access to hundreds of cryptocurrencies. The global Binance platform, on the other hand, differs from its US counterpart, Binance.us, which only supports over 65 cryptocurrencies.
Binance also provides cryptocurrency-to-crypto, cryptocurrency-to-fiat, and fiat-to-crypto currency trading in addition to cryptocurrency trading. They also provide margin trading, futures trading, and ICO listing.
Binance makes use of two-factor authentication (2FA) and FDIC-insured USD deposits. Binance also protects its US clients with device control, address whitelisting, and cold storage. The fee ranges from 0.015 to 0.10 percent, with debit card purchases costing 3.5 percent or $10, whichever is greater, and US wire transfers costing $15.
3. Crypto.com: Leveraged Trading on OXT
Crypto.com is a cryptocurrency platform that, among other things, allows for trading, investing, staking, wallets, and non-fungible tokens. This exchange offers over 250 different currencies, reasonable fees, and discounts for Crypto.com Coin holders with extensive holdings (CRO).
Furthermore, its ecosystem of crypto-related products may make it an excellent choice for those who want to do a lot with their cryptocurrency. Crypto.com is one of the most popular cryptocurrency wallets, with over 9 million global users, allowing you to buy and sell more than 250 cryptocurrencies with low trading fees. Crypto.com processes over $2 billion in transactions per day.
Furthermore, the company provides:
- Credit cards, as well as crypto-to-crypto and fiat-to-crypto services
- Wire transfers
- Cash deposits at any ATM worldwide
Crypto Capital Corp., a subsidiary of Crypto, also offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple trading services (XRP). The company’s headquarters are in Hong Kong, with offices in the United States, Japan, Singapore, and South Korea. Samuel Leach and Matt Mickiewicz founded Crypto in Zug, Switzerland on February 22, 2014.
A minimum account balance of $1 is required for deposits. Maker/taker fees range from 0.04 to 0.40 percent. Credit and debit card purchases are free for the first thirty days after opening an account. Furthermore, users can earn up to $2,000 per referral.
The platform’s main selling point is the ability to stake cryptocurrencies. Customers who stake or store cryptocurrency in a crypto.com wallet can earn up to 14.5 percent in annual interest. The exchange provides staking incentives, Visa card benefits, NFT trading, and DeFi products, among other services.
4. Coinbase: One of the Best Crypto Platforms to Trade Crypto
Coinbase is a reputable cryptocurrency exchange that facilitates purchasing, selling, and exchanging cryptocurrencies. Coinbase makes purchasing Bitcoin as simple as purchasing stocks via an online brokerage. It was founded in 2012 as a platform for sending and receiving Bitcoin, expanded to support dozens of distinct cryptocurrencies, and now employs more than 4,900 people globally. Coinbase is a decentralized company without a central office.
Coinbase Global, Inc., also known as Coinbase, is a cryptocurrency exchange platform in the United States. It’s a decentralized organization with no physical headquarters; all employees work remotely, and it is the largest cryptocurrency exchange by trading volume in the United States.
The company offers a variety of high-value products to individual and institutional investors, corporations, and developers. Still, its defining characteristic is the ability to buy, sell, and trade more than 100 distinct cryptocurrencies and crypto tokens.
The company went public in April 2021 via a direct listing on the Nasdaq exchange. The platform’s current quarterly trading volume is $327 billion, and its current assets are $255 billion.
Most cryptocurrencies, including Bitcoin, Ethereum, LUNA, Uniswap, and Cardano, and meme currencies such as Dogecoin and Shiba Inu, are supported for trading on Coinbase. When using a debit or credit card, Coinbase charges a 3.99% fee; this fee is reduced to 1.499% when ACH transfers are used, and Coinbase Pro enables free bank transfer deposits.
What is an Orchid (OXT)?
The objective of Orchid (OXT) is to service the internet with absolute freedom and reduce the restrictions imposed on it. The platform has provided payment methods using cryptocurrencies for free access to buy bandwidth from any seller or provider. These payment methods, called nano payments, allow the platform to reduce its gas fees and limit the threats to the network. Furthermore, the Orchid network uses a VPN that enables users to ensure their privacy by providing anonymity. The VPN is not dependent on a central authority and works on a decentralized platform.
The Ecosystem of Orchid (OXT):
The ecosystem of the Orchid network is made up of the following components:
- The Orchid app
- OXT token
- Orchid Accounts
- Orchid Protocol
- Nanopayments
- Programmable Network
- Staking
The Orchid app: This app can be accessed via iOS, Android, macOS, and Linux. It features the ability to run traffic through an integrated personal firewall. In addition, users execute a client that understands the Orchid protocol.
OXT Token: The primary use case of this token is to allow users to stake coins to advertise the platform’s services. This mechanism suits the person who owns the coin and the Orchid network because it incentivizes operators and lowers risks.
Orchid Accounts: This platform offers consumers two accounts: purchased and crypto-native. Purchased accounts use FIAT native currency and allow the users to spend xDAI only with Orchid’s preferred suppliers. However, the crypto-native accounts can supply the OXT and other cryptos owned by the clients for funding. Orchid’s web3 dapp supports these accounts.
Orchid Protocol: It runs on WebRTC and signifies high-performance networking. Users can transmit multimedia from internal browsers using this protocol. It also gives access to remote network resources and pays for these services using “nano payments.”
Nanopayments: This system allows scalability to the peer-to-peer Orchid marketplace. Customers are required to pay Node operators crypto tickets for proxy bandwidth, which lowers the transaction fees.
Programmable Network: The Orchid programmable network on Ethereum works similarly to an average VPN daemon. However, it speaks to the Orchid protocol. The network’s nodes store all the information that was put in during the registration process.
Staking: OXT token staking enables users’ bandwidth provisioning.
Fundamentals of Orchid
When it originated: Orchid was founded in 2017 and launched its first network in 2019.
Management Team: Dr. Steven Waterhouse, Gustav Simonsson, and Brian J. Fox co-founded the platform, with Dr. Steven Waterhouse acting as the CEO. The management team includes Alex Kehaya, Derek Silva, Paula Kanin, Shawnee Nova, and Chad Harper.
Native Token: OXT
What it does: Orchid provides an onion routing network to its customers powered by OXT and a VPN client. Users can buy bandwidth from a global pool of service providers on the platform. Orchid clients connect to bandwidth suppliers via a provider database, charging with probabilistic nano payments, resulting in acceptable Ethereum gas fees on transmissions. This platform’s VPN protocol works with nano payments, making payments at network speeds.
How does it work? Orchid networks use a virtual private network, a VPN, to enable bandwidth purchasing for their users. The VPN uses the OXT token to provide bandwidth proxying and smart contracts with algorithmic advertising and nano payment services.
OXT Use Case: OXT is the native token of this platform and is used by clients for user payment flow by competing. It is used for staking and stake-weighting purposes on Ethereum smart contracts. Furthermore, it aligns with provider incentives in favor of the Orchid network, lowering certain risks. For instance, the token started on Ethereum, which makes it an ERC-20 token.
Is It Worth Buying Orchid (OXT) in 2024?
In 2019, Orchid (OXT) embarked on its journey in cryptocurrency. Over the years, OXT demonstrated a noteworthy bullish performance in 2021, capturing the attention of investors. However, the tides turned as 2022 commenced, with OXT’s price gradually descending, ultimately closing the year at a low point.
As the calendar flipped to 2023, a different narrative unfolded for Orchid’s value. The coin exhibited renewed vigor, showing signs of strength. During the first quarter of the year, the price of OXT fluctuated within the range of $0.10 to $0.05. This range indicated a modest recovery of around 10% from its historical peak. The implication here is a potential precursor to a bullish trend. Notably, the current price resides significantly below its all-time high, mitigating the risk of further declines.
At present, the market value of Orchid stands at $0.063943, with a trading volume of $9,952,096 over the past 24 hours. Impressively, the coin has surged by 8.04% within this short timeframe, signifying an upward trajectory. Orchid ranks #301 on CoinMarketCap’s listings, boasting a live market capitalization amounting to $61,553,520. The circulating supply of OXT coins is 962,629,339, while the maximum supply remains undisclosed.
As the year unfolds, investors and cryptocurrency enthusiasts will likely watch Orchid’s performance. With a history of both bullish surges and recent recovery efforts, the trajectory of OXT in 2023 remains a subject of speculation and anticipation.
Orchid (OXT) Price Prediction: Where does OXT go from here?
Emerging from a bearish trend, the Orchid ecosystem shows promising progress. Notably, a recent significant development has occurred – Orchid’s Layer 2 has found its footing on Avalanche. This development brings a glimmer of hope to the Orchid community, offering fresh avenues for its growth.
Integrating Orchid’s layer 2 with Avalanche is one of the notable milestones in this journey. Through Orchid’s account manager dapp, individuals can seamlessly create an Orchid account using AVAX and utilize it to pay for VPN services based on data usage. This innovative approach utilizes Orchid’s layer 2, which leverages probability to facilitate countless microtransactions.
By visiting account.orchid.com, users can opt for the Avalanche chain, connect their AVAX wallet, and fund their Orchid account. Avalanche’s advantage lies in its economical network fees, enabling swift movement of funds in and out of accounts.
A critical distinction between Avalanche and other decentralized networks is its consensus protocol. The Avalanche protocol stands out for its unique consensus mechanism, delivering robust safety assurances, rapid finality, and high throughput while upholding the tenets of decentralization.
This integration carries an intriguing implication for staunch Avalanche supporters. It allows Orchid account holders to denominate their accounts in AVAX, simplifying payment for VPN services. For those who trust in this protocol, the Orchid account becomes a secure repository for funds designated for VPN usage.
Ethereum’s heightened activity and the subsequent surge in gas fees are the backdrop of this development. Orchid, recognizing the need to address this concern, has adopted a multichain strategy. This strategic move aims to make its decentralized VPN marketplace accessible and affordable for a broader audience.
The ecosystem’s progress lays the foundation for potential price recovery. As Orchid forges ahead with its multichain approach and layers of innovation, the prospect of a substantial rebound in its price gains traction.
As Orchid (OXT) continues its journey through the dynamic landscape of the cryptocurrency market, investors and enthusiasts are naturally intrigued by its potential price movements. While predicting the exact price of any cryptocurrency remains challenging, several factors can shed light on the potential trajectory of Orchid’s price in the coming months.
Orchid Price Prediction 2023
The projected trading range for Orchid is expected to span from $0.056312 to $0.088687. In the scenario where it attains the higher price objective, there’s a potential for OXT to surge by 39.79%, reaching $0.088687.
Orchid Price Prediction 2024
According to crypto price analysts and a study of the OXT market, the price of OXT in 2024 is expected to be between $0.14 and $0.24. In line with their forecast, the average price for OXT is around $0.189.
Orchid Price Prediction 2025
Our analysts are expecting technological innovations and collaborations from the Orchid Network. These updates may increase the token’s price and take it toward a bullish track. Not forgetting the management team of Orchid tirelessly working to improve the platform, our analysts have projected the coin might reach $0.18 and trade at $0.20 by the end of the year.
Orchid Price Prediction 2026
The OXT’s price for the year 2026 is predicted to increase by about 5% and be around $0.33. The OXT’s average price should be about $0.21.
Summary
Orchid Network has made it possible for users to access the internet under no restrictions and surveillance. As a result, clients can use the internet with ensured privacy. Also, the platform offers different accounts and payment methods so that customers can work with bandwidth providers in a way that suits them.
If your daily life or work requires you to be on the internet with your personal information provided, we would suggest Orchid (OXT) as an excellent option for you. With the VPN service of the protocol, you can enjoy the freedom and access to sites restricted in your country by your government. In addition to the freedom provided, the network allows coin holders to stake their coins and earn incentives that benefit both the platform and the consumer.
The OXT token has much room to grow, which is being helped by new developments and innovations in the network and is likely to improve as more innovations emerge. For instance, the token might turn out to be a perfect opportunity for you to earn profits in the long term. Therefore, our recommended regulated broker, eToro, can assist you if you want to buy it. Of course, the platform is licensed and regulated by the FCA and has one of the best reputations in the industry. Furthermore, eToro offers a wealth of educational resources to assist newcomers to the market learn the ropes.
Other Undervalued DeFi Projects
We recently updated our list of the best altcoins to include DeFi coin, an underappreciated DeFi project (DEFC). Despite the May cryptocurrency crash, it increased in value by 350-400 percent that month after completing portions of its roadmap.
It has also retraced 98.75% of its all-time high, as has Terra LUNA, albeit after over a year. It’s now at a low price but still more than the presale price. It has more upside potential than downside risk and has room to grow as the DeFi market cap recovers in 2024.
FAQ
Any risk in buying OXT now?
Cryptocurrency investments are always risky. There is no such thing as a risk-free investment in any industry, and in a highly volatile market where prices fluctuate by the minute, risks are always present. The OXT token's current price is meager compared to its all-time high, indicating that the price cannot fall any further and will begin to rise. The risk of investing in OXT is low due to anticipated innovations and developments, as the coin may enter a bull trend.
Is it safe to buy OXT?
The priority of the Orchid platform is to provide users with freedom and privacy while maintaining security. Furthermore, because it was built on Ethereum, the OXT has the same security level as an ERC-20 token.
How much will OXT be worth in 2030?
If market fluctuations do not derail the OXT token's upward trend, it could trade at $3.4 by the end of the year, 2030. According to Digital Coin Price, the OXT token will be worth about $1 in 2030.
Wil OXT ever hit $5?
Yes! Assuming no market downturns, the OXT coin could reach $5 in the long run. Based on its price recovery, we may be able to see OXT reach this level in 2031.
