Origin Protocol a network that allows participants to share goods and services over peer-to-peer (P2P) networks, aims to expand the online marketplace to leverage the Ethereum blockchain (ETH) and Interplanetary File System (IPFS) to eliminate the need for middlemen.
At the same time, Origin Protocol brought NFT and DeFi to the masses.
Launched in 2017 by Josh Fraser and Matthew Liu.
Interestingly, Origin Protocol’s vision is to create a distributed system where consumers can promote their products and focus on free trade for each good and service, at real market prices without third -party interference.
Looking at the OGN/USDT chart, the OGN price movement has triggered an excellent market record by producing an aggressive rise of over 2,500% in the 2021 market to record the latest all -time high (ATH) at the $ 3.39 price level on April 8.
From a technical point of view, the OGN price movement is hovering past the $ 0.74 resistance level which was previously difficult to break.
For further expectations, if OGN manages to pass that level, the SBR zone (support become resistance) around $ 0.80 will be tested first before making a higher rise or heading to the next SBR zone.
However, if the OGN price continues the bearish trend, the price is seen to test the SBR zone around $ 0.60 before heading to the support level that was recorded before.
At the time of writing, OGN/USDT is trading at a price of around $ 0.66 down over 1% in the last 24 hours.
