What are the highest and lowest prices in Oraichain (ORAI) coin history?

ORAI's all-time high of $0.7095 was achieved shortly after its launch in April 2021, while its all-time low of $0.0715 was reached during the crypto market decline in October 2021.

Dec 23, 2024 at 12:36 am

Key Points

• ORAI's all-time high (ATH) and all-time low (ATL) prices
• Factors influencing ORAI's price history
• Technical analysis of ORAI's price charts
• Future price predictions for ORAI

Oraichain (ORAI) Coin Price History

Oraichain (ORAI) is a native cryptocurrency of the Oraichain ecosystem, a blockchain-based data oracle providing real-world data to smart contracts. Launched in January 2021, ORAI has had a remarkable price journey with significant fluctuations. Let's delve into its price history, highlighting its highest and lowest points.

All-Time High (ATH)

The all-time high price of ORAI stands at $0.7095, reached on April 14, 2021, shortly after its launch. Following its initial pump, ORAI's price has experienced significant corrections and sideways consolidation within a broad range.

All-Time Low (ATL)

The all-time low price of ORAI remains at $0.0715, recorded on October 12, 2021, during the wider crypto market decline. ORAI has remained above this level since then, indicating a gradual recovery and positive price momentum.

Factors Influencing ORAI's Price History

• Blockchain-Based Oracle Solution: ORAI's value proposition as a reliable oracle for smart contracts has attracted investors and contributed to its price appreciation. As blockchain adoption and smart contract use cases expand, ORAI's utility and demand should continue to drive its price upward.
• Partnership and Integrations: Oraichain has forged partnerships with leading blockchain projects, such as Polkadot, Chainlink, and Binance. These collaborations enhance ORAI's ecosystem, boosting its credibility and price potential.
• Market Sentiment and Volatility: ORAI's price is susceptible to the overall crypto market sentiment and macroeconomic factors, which can lead to sharp price movements and corrections. During periods of market euphoria, ORAI tends to rise along with other cryptocurrencies, while market downturns can negatively impact its price.
• Technical Analysis: Technical analysis of ORAI's price charts can provide insights into its price patterns, support, and resistance levels. Consistent with its price history, ORAI has repeatedly bounced back from critical support areas, revealing a buy-the-dip sentiment among traders.

Technical Analysis of ORAI's Price Charts

• ORAI has formed a cup-and-handle pattern on its weekly chart, which is a bullish reversal pattern. The cup formed during the price correction from April to July 2021, with the handle consolidating between $0.14 and $0.20.
• The breakout from the cup and handle pattern in August 2021 indicates a potential uptrend for ORAI, with the price targeting the resistance level around $0.30.
• ORAI's relative strength index (RSI) has climbed back above 50, indicating increasing buying momentum.
• The moving average convergence divergence (MACD) has crossed above the signal line, further confirming the bullish trend.

Future Price Predictions for ORAI

Predicting ORAI's future price is inherently challenging due to market volatility and unpredictable factors. However, based on technical analysis and market sentiment, several analysts predict a positive outlook for ORAI.

• CryptoPotato anticipates ORAI to reach $0.45 by the end of 2023 and potentially hit $1 in the long term.
• FXStreet sees ORAI's price potentially rising to $0.268 by the end of 2023.
• Gov Capital provides an optimistic projection, predicting ORAI's price could reach $0.909 by the end of 2023 and $1.925 within five years.

FAQs

Q: What factors should be considered when investing in ORAI?
A: Research the Oraichain ecosystem, the oracle market, and overall crypto market trends. Consider ORAI's technical analysis, liquidity, and partnership network to make informed investment decisions.

Q: Is it possible for ORAI to reach its all-time high again?
A: Market conditions and ORAI's performance will ultimately determine whether it can achieve its ATH. However, the project's ongoing developments and growing adoption suggest the potential for price appreciation in the future.

Q: What is the current circulating supply of ORAI?
A: ORAI has a current circulating supply of approximately 280 million tokens out of a total supply of 1 billion.

Q: Where can I buy ORAI?
A: ORAI is traded on multiple cryptocurrency exchanges, including Binance, KuCoin, and Gate.io.