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ORBS Price Prediction 2024: Will IntentX Partnership Boost ORBS?

Last Updated February 26, 2024 12:08 PM
Peter Henn
Last Updated February 26, 2024 12:08 PM

Key Takeaways

  • A swathe of exchange listings saw the ORBS token skyrocketing in less than a week in October.
  • ORBS has recently announced partnerships with SYMMIO and IntentX.
  • One ORBS price prediction says it can reach $0.144789 in 2025.

The ORBS token shot up in October 2023 after a series  of  exchange  listings . The crypto, which supports a layer 2 scaling solution, more than doubled in less than a week.

Recently, Orbs has unveiled  its latest collaboration with IntentX, a decentralized on-chain OTC derivatives exchange.

By teaming up with SYMMIO  and IntentX, Orbs is strategically positioning itself as a frontrunner in the rapidly expanding on-chain derivatives market. This partnership marks a significant milestone in its journey toward establishing a dominant presence in this dynamic industry.

Will these two partnerships give a boost to ORBS price?

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 February 26, 2024.

Orbs Price Prediction

Let’s examine some of the Orbs price predictions being made on February 26, 2024. 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.

2024 2025 2030
Prediction #1 $0.0839 $0.0989 $0.29
Prediction #2 $0.106687 $0.144789 $0.335301
Prediction #3 $0.0641 $0.0951 $0.6350

CoinCodex ’s short-term ORBS price prediction said the token would reach $0.043872 by March 2 before climbing to $0.122365 on March 27. The site’s technical analysis was neutral, with 18 indicators sending bullish signals and 14 making bearish ones. 

Orbs Price Prediction for 2024

DigitalCoinPrice  said that ORBS would reach $0.0839 this year, while Bitnation  said it would trade at $0.106687. PricePrediction.net  said the token would go to $0.0641 in 2024.

Orbs Price Prediction for 2025

Moving on, DigitalCoinPrice said it would trade at $0.0989 and Bitnation said ORBS would stand at $0.144789 in 2025. PricePrediction.net, on the other hand, said it would be worth $0.0951 next year.

Orbs Price Prediction for 2030

Looking at a more long-term ORBS price prediction, DigitalCoinPrice said ORBS would be worth $0.29 in 2030. Bitnation thought it would reach $0.335301 that year. PricePrediction.net’s ORBS price forecast had it worth $0.6350 at the start of the next decade.

Google Gemini AI Price Prediction for ORBS (as of February 26)

Google’s Gemini AI platform gave the following price prediction for ORBS on February 26. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next 3 months)

  • Expected price: $0.1237
  • Factors to Consider:
    • Regulations: Changes in government regulations can significantly impact the cryptocurrency market.
    • Market sentiment: Overall market sentiment towards cryptocurrencies can significantly affect individual token prices.
    • Technological advancements: Advancements in blockchain technology can impact the adoption and value of various cryptocurrencies.
    • Unexpected events: Unforeseen events, such as hacks or security breaches, can also cause significant price fluctuations.

Medium Term (Next 6 months)

  • Expected price: $0.056541
  • Factors to Consider:
    • Market sentiment: Overall market sentiment towards cryptocurrencies can significantly impact the price of ORBS. If the broader cryptocurrency market experiences a bull run, ORBS could see its price increase. Conversely, a bear market could lead to a decrease in price.
    • Adoption and usage of the Orbs platform: The wider adoption and use of the Orbs platform for decentralized applications and other purposes could increase demand for ORBS, potentially pushing the price up.
    • Regulations: Regulatory developments from governments around the world can significantly impact the cryptocurrency market, including ORBS.
    • Technological advancements: Advancements in blockchain technology and the development of new use cases for ORBS could also influence its price.

Long Term (Next 5 years)

  • Expected price: $0.065
  • Factors to Consider:
    • Market sentiment: Overall investor confidence in the cryptocurrency market can significantly impact individual token prices.
    • Regulations: Government regulations and policies can significantly impact the adoption and use of cryptocurrencies.
    • Technological advancements: Innovations in blockchain technology and the wider crypto space can affect ORBS’s utility and value.
    • Adoption and partnerships: Increased adoption by businesses and partnerships with established organizations can positively affect ORBS’s price.

ORBS Price History

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. 

Orbs in 2023 and 2024

ORBS price history
ORBS price in 2023 and 2024 | Credit: CoinMarketCap

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.

It then ended 2023 at $0.03913, before moving mostly sideways in the first two months of 2024, reaching $0.03913 on February 26, 2024.

At that time, there were 3.17 billion ORBS in circulation, out of a total supply of 10 billion. This gave the token a market cap of about $121.2 million, making it the 636rd largest crypto by that metric. 

Is Orbs a Good Investment?

It is hard to say. The token did well in October, but we don’t know whether or not recent it can return to that level. 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.

Will Orbs go up or down?

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. 

Should I invest in Orbs?

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.

Orbs Explained

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.

How Orbs Works

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.

ORBS Attention Tracker

ORBS Google search volume
ORBS Google search volume | Credit: Google

Here is a chart for the ORBS Google search volume for the past 90 days. This represents how many times the term “ORBS” has been Googled over the previous 90 days. 

FAQs 

How many ORBS are there?

As of February 26, 2024, there were 3.17 billion ORBS in circulation out of a total supply of 10 billion.

Will ORBS reach $0.10?

Probably, although we don’t know when. DigitalCoinPrice says ORBS will get there in two years, Bitnation says it will happen this 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.

What is ORBS used for?

ORBS pays from transactions and rewards on the ORBS scaling solution. People can also buy, sell, and trade it on exchanges.

Disclaimer 

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.

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