Origin Protocol Price Prediction as OGN Makes Strong Gains. Could Burn Kenny Meme Coin Earn You More?

Updated: 27 July 2023

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As of July 27, 2023, 5:49 am EST, the native token of Origin Protocol, OGN, is currently trading at $0.113, exhibiting a notable 26.26% increase, indicating a sustained upward trend in its value.

Over the past 14 days, OGN has witnessed a substantial price surge of 42.6%, with a remarkable 46.1% growth in the last seven days alone. Furthermore, trading volume for OGN has surged significantly, soaring by over 458.97% and crossing the $200 million mark within 24 hours.

Despite this impressive growth, it is important to note that OGN remains below its all-time high price of $3.35. As investors closely monitor the coin’s performance, the market’s attention is focused on whether OGN will continue its upward trajectory in the near future.

Origin (OGN) Price Spikes Amid Increased Staking Yield

Inspired by the growing interest in Ethereum liquid staking, Origin Protocol has seen a surge in staked ETH volumes following the improvements brought about by Ethereum’s Shapella upgrade, even amidst the prevailing market downturn.

Origin Protocol’s offering, Origin Ether (OETH), has emerged as one of the top Ether staking products, benefiting from the rising yields in staking. This has led to a notable increase in the Total Value Locked (TVL) on the yield aggregator platform, reaching an impressive figure of over $85 million.

Consequently, the utility token, OGN, experienced significant gains on July 23, with its price reaching $0.1225 per token, the highest recorded in the past 30 days.

This notable price surge has piqued many investors’ interest, fueling speculation about a potential upcoming bull run.

OGN Price Drops Visible on Technical Analysis

The chart above shows OGN trades between key moving averages (50-Day and 200-Day SMA). It is trading below the 50-Day SMA, representing a short-term bearish trend.

Also, OGN’s Moving Average Convergence/Divergence (MACD) indicator is below the signal line with red histogram bars, depicting a strong bearish momentum on the asset market today. The Relative Strength Index (RSI) is at 37.95, moving towards the oversold region (below 30), confirming today’s bearish momentum.

Nevertheless, OGN is still above its 200-Day SMA, indicating a long-term bullish trend. OGN will likely witness a bullish trend reversal in the next few hours and post more gains in the coming days.

Could Burn Kenny Meme Coin Earn You More

Burn Kenny, a new meme project built on the Ethereum blockchain, is captivating the crypto market and igniting enthusiasm with its enticing potential for substantial returns on investment.

Drawing inspiration from the daring escapades of Kenny McCormick from the beloved South Park series, the project’s creators envision an exciting and lucrative venture within the cryptocurrency landscape. Echoing Kenny’s resilience, the native token, $KENNY, aspires to defy bearish trends and bring joy to its investors.

Burn Kenny stands out due to its distinctive token burn mechanism, which leads to a reduction in circulating tokens. This unique feature has the potential to boost the token’s value with each burning activity, offering the opportunity for increased returns.

On prominent exchanges such as Dextools, Uniswap, and CoinGecko, $KENNY is currently trading at $0.00004498, showcasing a notable surge of 9.3% within the last 24 hours.

Features of Burn Kenny

Burn Kenny token showcases a capable team handling the project, evident from its successful presale performance.

The limited supply of 2.67 billion tokens, 40% of the total supply, and a $500k hard cap resulted in a swift sell-out in under 48 hours, generating FOMO among potential investors and promising consistently high trading volumes.

Additionally, Burn Kenny implements locked liquidity, with 30% of the total token supply locked on Uniswap for three months, stabilizing the token’s price and reducing price fluctuations due to fear of dump or investor rugging.

The token’s burning mechanism further adds to its appeal.

A dedicated portion of 30% of the total token supply is allocated for the scheduled token-burning activity, which commenced after the exchange listing on July 24.

This process will span three days, permanently removing a portion of tokens from circulation and positively impacting the market value of $KENNY tokens.

To get hold of $KENNY tokens, investors can visit the official Burn Kenny website, follow the provided “how to buy steps,” and easily swap their ETH or Wrapped Ether (WETH) with KENNY on the Uniswap exchange.

With these features in place, Burn Kenny shows great potential in the crypto market.

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