Orbs did not immediately respond to a request for comment.
But what is Orbs (ORBS)? How does Orbs work? Let’s see what we can find out, and also take a look at some of the Orbs Price Predictions that were being made as of October 18, 2023.
Let’s examine some of the Orbs price predictions being made on October 18, 2023. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.
CoinCodex ’s short-term ORBS price prediction said the token was in for a good month. The site said that it would reach $0.0648 by October 22 before climbing to $0.1755 on November 16. The site’s technical analysis was, perhaps unsurprisingly, bullish, with 25 indicators sending positive signals and just five making bearish ones.
Moving on, both DigitalCoinPrice and Bitnation said ORBS would stand at $0.19 in 2025. PricePrediction.net, on the other hand, said it would be worth $0.066 in two years.
Looking at a more long-term ORBS price prediction, DigitalCoinPrice said ORBS would be worth $0.57 in 2030. Bitnation thought it would reach $0.4814 that year. PricePrediction.net’s ORBS price forecast had it worth $0.44 at the start of the next decade.
Now, let’s examine some of the highlights and lowlights of the Orbs price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret an Orbs price prediction.
When ORBS first came onto the open market in April 2019, it was worth between $0.02 and $0.03. It rallied somewhat at the end of that month to top $0.04, but then went back down and spent much of the next 18 months or so hovering around the cent mark, with the worst coming on 18 December 2019 when it reached an all-time low of $0.004628.
Things only really started to change in early 2021. ORBS started to garner attention as the cryptocurrency market boomed. While it closed February at around $0.02951, by March 16 it had exploded and reached an all-time high of $0.3626.
The price of ORBS then fell and it ended up closing the year at $0.08209.
Both the crypto market and ORBS struggled in 2022. A series of market crashes damaged the token’s price and it closed the year at $0.0211. This meant it had lost nearly 75% of its value over 12 months.
Before its recent spike, ORBS had had a pretty mediocre 2023. The token briefly traded above $0.04 in February but went down again. On June 15, with the market shaken in the wake of the United States Securities and Exchange Commission (SEC) suing the Binance and Coinbase Exchanges, ORBS dropped to $0.02014. It recovered to $0.02932 on August 2, but then went back down.
It was as low as $0.01999 on September 11 and as late as October 13 it was worth $0.02506. Excitement about the listings saw ORBS gain more investors and, on October 18, 2023, it was worth about $0.05615.
At that time, there were 3.1 billion ORBS in circulation out of a total supply of 100 billion. This gave the token a market cap of about $177 million, making it the 140th-largest crypto by that metric.
ORBS has climbed by nearly 125% since October 13. Its current price is the highest it has been since before the Terra (LUNA) blockchain collapsed in May 2022.
It is hard to say. The token has exploded recently, but we don’t know whether or not recent highs can be sustained. It is also important to recognize that ORBS operates in a pretty crowded corner of the crypto market, so it will need to do more to stand out.
As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in ORBS.
No one can tell right now. While the ORBS crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Before you decide whether or not to invest in Orbs, you will have to do your research, not only on ORBS, but on other, related, coins and tokens such as Optimism (OP). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
The Orbs platform is a layer 2 scaling solution based on the Ethereum (ETH) blockchain. This means it takes transactions off Ethereum, carries them out, and puts them back on.
Israeli tech entrepreneurs Daniel Peled, Tal Kol, Netta Korin, and Uriel Peled founded Orbs in 2017.
The ORBS token supports the Orbs network.
Orbs uses smart contracts, computer programs that automatically execute once certain conditions are met, to carry out its duties.
The ORBS token pays the people who operate the system and pays for transactions on the network. People can also buy, sell, and trade it on exchanges.
Because Orbs is based on Ethereum, it is a token, rather than a coin. You might see references to such things as ORBS coin price predictions, but these are wrong.
On October 18 2023, there were 3.1 billion ORBS in circulation out of a total supply of 100 billion. Probably, although we don’t know when. DigitalCoinPrice says ORBS will get there this year, Bitnation says it will happen next year, and PricePrediction.net thinks the token will reach $0.10 in 2027. Keep in mind that ORBS has not traded above $0.01 since December 2021. ORBS pays from transactions and rewards on the ORBS scaling solution. People can also buy, sell, and trade it on exchanges.
How many ORBS are there?
Will ORBS reach $0.10?
What is ORBS used for?
On October 18 2023, there were 3.1 billion ORBS in circulation out of a total supply of 100 billion.
Probably, although we don’t know when. DigitalCoinPrice says ORBS will get there this year, Bitnation says it will happen next year, and PricePrediction.net thinks the token will reach $0.10 in 2027.
Keep in mind that ORBS has not traded above $0.01 since December 2021.
ORBS pays from transactions and rewards on the ORBS scaling solution. People can also buy, sell, and trade it on exchanges.
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Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.