Bullets come in all shapes and sizes. It seems that they also come in the cryptocurrency market in the form of coins. The OGN Price is moving faster than the speeding bullet in the cryptocurrency market. Will it cross the stratosphere? Let’s take a look at it.
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OGN Price Analysis: Tracer Bullet
At the time of reporting, the OGN price is $0.41593991 with a 24-hour trading volume of more than $57,996,177. OGN/BTC price is up 87.8% in the last 24 hours. The circulating supply of OGN is 24 Million coins and a max supply is of 1 Billion coins. The OGN price is going like a tracer bullet at the moment.
The day’s range is between 0.27450756 — 0.45009504. The cryptocurrency exchange Binance is the most active market trading it. According to etherscan.io, there are more than 4000 OGN holders at the moment. Currently, the stats are as follows:
Volume (24H) : $94,208,334.64
Market Capitalization : $9,752,678.64
Circulating Supply : 23,406,404.00 OGN
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The OGN Price Analysis: Overview
The OGN raised more than 38 MM USD via private & public token sales. This was in between November 2017 to July 2018. It is an Ethereum-based platform that can be used to build peer-to-peer marketplaces. The exact reason behind the OGN price rise is not yet known but one of the reasons could be that it has implemented meta-transactions. Due to this, users no longer need to pay Ethereum gas fees.
The 1 day summary of OGN price is that it is in the buy to strong buy zone. The oscillators are in the Sell to Strong Sell zone while the moving averages are in the strong buy zone. The value of RSI(Relative Strength Index) is 81.50303138.
As mentioned earlier, the Origin Protocol is a platform for creating peer-to-peer and e-commerce applications and marketplaces. According to its whitepaper, users can buy or sell goods on these marketplaces, and by using the Origin blockchain, developers can create their applications. The Origin token (“OGN”) is used as an incentive, return, and governance token.