Monday, June 14, 2021
JAY TALKS CRYPTO
No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
    • Nuovi Casino
    • Bonus Casino Senza Deposito
    • Best UK Non Gamstop Casinos 2025
    • Casinos Not On Gamstop
    • Casino Non AAMS
    • Non Gamstop Casino
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos
JAY TALKS CRYPTO
No Result
View All Result
Home Altcoins

FOMO or fundamentals? Here’s why Orion Protocol (ORN) rallied by 730%

admin by admin
March 26, 2021
in Altcoins
0
FOMO or fundamentals? Here’s why Orion Protocol (ORN) rallied by 730%
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Polygon Coin Could Remain a Winner After the Crypto Sell Off

MATIC May Prove Itself One of the Most Useful Altcoins

June 14, 2021
South Africa to revise national policy position on cryptocurrency

South Africa to revise national policy position on cryptocurrency

June 14, 2021


As the decentralized finance (DeFi) industry grows, new exchanges and liquidity pools constantly emerge. For the average investor, keeping track of all of them and finding the best yield opportunities has become increasingly complicated.

The situation becomes even worse as centralized exchanges also offer staking opportunities. Therefore, the need for a liquidity aggregator that connects to several decentralized and centralized exchanges has become quite clear. Orion Protocol aims to provide access from a single platform for users to trade and swap pools.

Instead of competing with exchanges, the service aggregates order books and liquidity into one decentralized platform. When in place, Orion Terminal will offer Binance and KuCoin trading without the need for any accounts or Know Your Customer (KYC) verification. Moreover, it will provide connectivity to both Ethereum and Binance Smart Chain.

The Orion Terminal aims to go live on March 31, and since February, Orion Protocol’s ORN token has rallied by 730%.

ORN/USDT on Binance. Source: TradingView

According to the Orion Protocol blog, users will trade and stake without giving up their private keys, using MetaMask, Fortmatic and Coinbase wallets. By depositing funds into the smart contract, users will be able to trade across exchanges with no need for multiple accounts.

As for the staking and liquidity pool aggregation services, final testing and a mainnet are expected for mid-2021. The project also has amassed over 40 partners, bringing additional volume to the protocol and boosting potential staking rewards.

Expansion plans include derivatives, leveraged exchange-traded funds (ETFs), nonfungible tokens (NFTs), lending, margin trading and staking for many digital assets.

This all sounds very enticing, but promises of Bloomberg-like crypto trading terminals have been coming and going since 2017, and none of those have lived up to expectations. Furthermore, in October 2020, MetaMask launched its own decentralized exchange aggregation service.

Furthermore, the number of non-KYC centralized exchanges is declining every year, leaving little room for Orion Protocol to expand its service.

In short, DEX aggregation is an extremely competitive sector with little to no entry barriers. Therefore, the ORN token might have priced in some market share that may never come to fruition.

Balancer TVL and trading volume. Source: DeBank

As a comparison, the Balancer Protocol Governance Token (BAL) has a $1.7 billion total value locked (TVL) and $50 million in daily average volume. Meanwhile, BAL’s market capitalization stands at $743 million, 28% above Orion Protocol’s yet-to-launch product.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.





Source link

Tags: FOMOfundamentalsHeresOrionORNProtocolrallied
Share76Tweet47

Related Posts

Polygon Coin Could Remain a Winner After the Crypto Sell Off

MATIC May Prove Itself One of the Most Useful Altcoins

by admin
June 14, 2021
0

In the ocean of altcoins, Polygon (CCC:MATIC-USD) is one coin that’s worth holding in the cryptocurrency portfolio. MATIC has...

South Africa to revise national policy position on cryptocurrency

South Africa to revise national policy position on cryptocurrency

by admin
June 14, 2021
0

South Africa's financial regulators are laying the groundwork for the “phased and structured” regulation of cryptocurrencies. The move presents...

Bitcoin Shoots Higher, Ethereum and Altcoins Show Positive Signs

Bitcoin Shoots Higher, Ethereum and Altcoins Show Positive Signs

by admin
June 14, 2021
0

Bitcoin price remained strong above the USD 35,000 support zone. BTC started a fresh increase and it broke the...

Top Trader Is Buying the Big Dip on These 5 Altcoins

Top Trader Is Buying the Big Dip on These 5 Altcoins

by admin
June 14, 2021
0

Crypto strategist and trader Michaël van de Poppe is unveiling the five altcoins that he is betting on this...

Stellar Lumens Needs Institutional Audience To Become Top Altcoin

Don’t Invest in Dogecoin When Other Better Altcoins Are Out There

by admin
June 13, 2021
0

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Considering it’s been built on hype rather than substance,...

Load More
  • Trending
  • Comments
  • Latest
2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

April 14, 2021
MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

May 12, 2021
Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

May 15, 2021
Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

May 11, 2021
Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

0
Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

0
Risky business

Risky business

0
Cardano Price Analysis: 07 March

Cardano Price Analysis: 07 March

0
Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

June 14, 2021
Goldman Sachs expands in crypto trading with plans for Ether options

Goldman Sachs expands in crypto trading with plans for Ether options

June 14, 2021
Is this an advantageous Cardano strategy?

Is this an advantageous Cardano strategy?

June 14, 2021
Polygon, Ripple and Shiba Inu – European Wrap 14 June

Polygon, Ripple and Shiba Inu – European Wrap 14 June

June 14, 2021

Recent News

Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

Bitcoin’s Biggest Corporate Investor Raises $500 Million To Buy More—Topping Expectations As Crypto Surges

June 14, 2021
Goldman Sachs expands in crypto trading with plans for Ether options

Goldman Sachs expands in crypto trading with plans for Ether options

June 14, 2021

Categories

  • Altcoins
  • Altcoins Daily
  • Bitcoin
  • Bitcoin Live
  • Cardano
  • Cardano Price Prediction
  • Coin Bureau
  • Coingecko
  • Cryptocurrency
  • Cryptocurrency live
  • Dogecoin
  • Ethereum
  • Litecoins
  • Videos
  • XLM
  • XLM Live
  • XRP

Follow Us

Calculator

 
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Jay Talks Crypto  

No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos

© 2021 Jay Talks Crypto