OGN (Origin Protocol) Token Analysis 28/03/2022Fundamental Analysis:
Origin Protocol is bringing NFTs and DeFi to the masses. Origin’s flagship products are Origin Story which has supported numerous high-profile NFT drops, and Origin Dollar (OUSD), the first stablecoin that earns a yield automatically in users’ wallets. Origin’s platform and governance token is OGN. Origin was founded in 2017 by successful Silicon Valley entrepreneurs and has a team of experienced engineers from iconic tech companies like YouTube, Google, PayPal, and DropBox.
Origin Protocol provides a platform for building peer-to-peer marketplaces and e-commerce applications. Users can buy or sell goods and services on these marketplaces, and developers can create their own applications powered by the Origin blockchain. The Origin token (“OGN”) is used as an incentive, payment, and governance token in the Origin ecosystem.
The current CoinMarketCap ranking is #200, with a live market cap of $248,801,973 USD. It has a circulating supply of 388,570,733 OGN coins and a max. supply of 1,000,000,000 OGN coins.
Technical Analysis:
The Token has fallen more than 90% Lower than its All Time High, it is at a very Discounted Price and Currently at the accumulation zone, soon the Smart Money effect shall Appear on the Price Value.
As the price value Start its Bullish trend From these kind of Discounted Zones such as Fib 78.6% or lower such as 85%, we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
