We’ll kickstart this article by diving straight into Origin Protocol. From there, we’ll explore the ins and outs of the OGN crypto token. Next, we’ll analyze the price and cover a brief OGN price prediction. To top things off, we’ll show you how to buy the Origin Protocol coin using Moralis Money!
What is Origin Protocol?
Origin Protocol was founded in 2017, and it’s an Ethereum-based, open-source platform designed to streamline the creation of decentralized P2P marketplaces for digital assets. Furthermore, Origin Protocol aims to combine and bring decentralized finance (DeFi) and non-fungible tokens (NFTs) to the masses. In short, Origin Protocol is a platform for seamlessly building decentralized marketplaces.
Origin Protocol consists of various products and tools aiding in the onboarding of users into Web3. The protocol currently has three flagship products: Origin Story, Origin Dollar, and Origin Ether.
In the sections to come, we’ll briefly break down these three core products to give you an overview of the Origin Protocol ecosystem. And we’re going to start with Origin Story!
What is Origin Story?
Origin Story serves as the ecosystem’s NFT arm. The goal of this product is to expand the innovation of NFT utility through groundbreaking technologies that tokenize digital goods, real-world assets, and services. Origin Story’s white-label marketplaces are designed to cultivate inclusive and robust platforms for the communities they serve.
The vision of Origin Story extends beyond digital art, and the platform has already launched the first marketplace for tokenized property exchange. This initiative highlights the untapped utility that Origin Protocol is committed to unlocking.
All in all, Origin Story aims to provide engagement features and marketplaces required for vertical-specific use cases and unique feature sets that other platforms are unable to deliver.
Origin Dollar (OUSD) Explained
Origin Dollar (OUSD) is an innovative self-custodial, yield-generating stablecoin. The coin is fully collateralized by reserves of the crypto industry’s leading stablecoins, including USDT, DAI, and USDC.
However, what really makes OUSD stand out compared to other stablecoins is its unique yield system. Moreover, to earn yield, there’s no need for staking or locking up the coin. All users need to do is hold the coin in their wallet, and the balance will automatically increase once a day.
What is Origin Ether (OETH)?
Origin Ether (OETH) is quite similar to OUSD and shares much of its codebase. However, the critical distinction is that OETH is an ether-denominated token instead of USD-denominated, like OUSD.
OETH leverages the advantages of liquid staking yield, increasing APYs through rewards tokens and DeFi strategies. The token harnesses the leading staking pools for Ethereum by using the best liquid staking derivatives (LSDs) as collateral. Consequently, they earn rewards from the staked ETH they represent, ensuring the yield is at least as high as the LSDs they leverage.
Who are the Founders of Origin Protocol?
Origin Protocol was co-founded by Mathew Liu and Josh Fraser back in 2017. Liu was an early employee at YouTube and worked on a variety of startups, including Bonobos and Qwiki, which Yahoo acquired. Fraser previously co-founded several tech companies, including Torbit, which Walmart Labs acquired.
Origin Protocol received approximately $38 million in public and private token sales of OGN in 2018 from several institutional and private investors. Some examples are Blockchain.com, Pantera Labs, and YouTube co-founder Steve Chen.
Exploring the Origin Protocol Coin – OGN Token Explained
The Origin Protocol coin (OGN) is an Ethereum-based ERC-20 token minted on October 2, 2018. Furthermore, it’s the native cryptocurrency coin of Origin Protocol. The OGN token is used for basic transactional activities on the Origin Protocol platform. It additionally doubles as the protocol’s governance token. Consequently, the holders of the OGN coin can participate in decision-making regarding the Origin Protocol’s future.
OGN token holders can also stake their coins by providing liquidity to the platform. In return for providing liquidity, holders gain additional tokens, which they can claim alongside their principal tokens at the end of a staking period.
Nevertheless, in the sections below, we’ll explore the ins and outs of the OGN crypto further, starting with the coin’s tokenomics!
OGN Crypto Tokenomics
The OGN crypto token has a total supply of one billion $OGN, with an initial supply of almost 24 million. It is/will be distributed as follows over time:
- Advisor Sale: 4.38%
- Strategic Sale: 23.75%
- CoinList Sale: 4.84%
- Team: 20.24%
- Advisor Grants: 1.69%
- Foundation Reserves: 31.37%
- Ecosystem Growth Funds: 12.99%
- Long-Term Partnerships: 0.73%
OGN Crypto Token Use Cases
As the native utility token of Origin Protocol, the OGN coin has multiple use cases, including staking, governance, rewards, and payments, just to name a few. Let’s look closer at these:
- Staking: Holders can stake their OGN tokens in return for highly attractive returns. The staking program offers multiple time periods, each providing a different yield percentage. The longer users lock their funds, the higher the returns they generate.
- Governance: The OGN coin also provides holders with governance rights. This means that they can participate in the governance of Origin Protocol and contribute to its future.
- Rewards: Users can also get rewarded with OGN tokens when verifying identities, promoting Origin Protocol on social media, or earning cashback on purchases.
- Payments: The Origin Protocol coin can also be used as a means of payment. As such, holders can use OGN tokens to buy goods and services.
Full Origin Protocol Coin Price Analysis
The Origin Protocol coin was launched in 2018, and since then, it has dropped almost 65% in value. The OGN crypto coin has an all-time high of $3.39 and a low of $0.063. The Origin Protocol coin reached this high back in 2021 when the price skyrocketed from about $0.11 to $3.39 in just four months, resulting in an impressive 30x price rally!
However, since then, we have seen a steady decline in the price of the Origin Protocol coin, which, at the time of writing, is down almost 98% from its peak. Here’s a trading chart showing the history of the OGN token:
Now, the big question is, will the OGN token return to – or at least closely reach – its all-time high?
Giving you a straightforward answer to the question above would be impossible since we can’t predict the future. However, we can study the historical price movement of the Origin Protocol coin by doing a brief technical analysis (TA) to understand the token’s current state.
OGN Crypto Token TA (Technical Analysis)
You can look at many different technical indicators when conducting your own TA. However, in this case, we’ll keep it relatively simple and briefly look at various support and resistance levels for the OGN token. From a short-term perspective, this is what it can look like:
The four lines in the trading chart above mark some of the support and resistance levels. These levels are worth keeping an eye on, as when the OGN token hits these price points, it might result in a so-called breakout.
A breakout occurs when the price of a token moves above or below resistance and support levels, which can indicate that the price will continue to trend in the direction of the breakout. However, when spotting breakouts, waiting for confirmation is key, as they can also result in fakeouts.
If you’d like to learn more about fakeouts and breakouts, check out our crypto breakout scanner article!
Also, note that we did the analysis above at the time of writing. And the state of the OGN coin might not be the same when you’re reading this. Consequently, we highly urge you to do your own TA for more timely and accurate data.
$OGN Price Prediction – Future Forecast
Making an OGN crypto price prediction is easier said than done. And since the token is interconnected with the Origin Protocol ecosystem, it means that the price is highly dependent on the platform’s performance. Consequently, if Origin Protocol becomes more successful, it will most likely reflect positively on the price. But if the platform performs poorly, it can also negatively affect the token.
However, we know that the potential for the Origin Protocol coin is huge, as it, at one point in time, was trading at $3.39. As such, if the OGN token manages to regain momentum, there’s nothing stopping the price from bouncing back. And if this happens, it means that the OGN crypto will experience a 4,000% price rally.
Moreover, with the market expanding and seeing increased adoption, we might even see the OGN crypto price break the $3.39 threshold!
However, the OGN crypto price prediction above is highly speculative, and there’s currently no evidence indicating that it will return to its all-time high. But nonetheless, it highlights the potential of the Origin Protocol coin and that it might be worth keeping an eye on in the future.
Should You Buy the Origin Protocol Coin?
With the difficulties of making an OGN crypto price prediction, your best bet to determine if the token will bounce back is to look at blockchain analytics. After all, on-chain activity always precedes price action, which is why you should leverage a crypto quick scanner like Moralis Money to decide whether or not you should buy the Origin Protocol coin!
Moralis Money leverages real-time, on-chain data, presenting it to you in an understandable and actionable format. Consequently, by leveraging this tool, you can get true alpha and the latest market updates regarding the OGN token before everyone else. This makes Moralis Money the best place to further research the Origin Protocol crypto.
Moralis Money features token pages for all coins. On these pages, you’ll find security information, trading charts, and alpha metrics, including changes in liquidity, holders, net experienced buyers, etc.
Here’s what the $OGN token page looks like:
With the information in the iframe widget above, you can make more informed decisions – based on irrefutable, real-time data – on whether or not the OGN coin is the suitable investment for you!
For example, if the Net Experienced Buyers metric is increasing, it means that buy pressure is growing and other traders are showing an interest in the token. What’s more, with the trading chart on the page, you can seamlessly do a TA to make your own OGN crypto price prediction.
Let’s now explore where you can buy the Origin Protocol coin!
Where to Buy the OGN Crypto Token in a Cheap and Safe Manner?
If you decide that you want to invest in the Origin Protocol coin, then you ought to know that you can buy the token directly from the Moralis Money interface. And thanks to the accessibility of this platform, you can buy the Origin Protocol coin in three simple steps:
- Step 1: Go to the $OGN token page and connect your crypto wallet:
- Step 2: Select the pair you wish to swap:
- Step 3: Finally, hit the ”Trade” button and sign the transaction:
If you want a more in-depth guide on how to swap tokens, check out our guide on how to swap on the Ethereum network!
Summary: What is Origin Protocol and the OGN Crypto Token?
In today’s article, we explored the intricacies of Origin Protocol. In doing so, we learned that it’s an Ethereum-based platform that streamlines the creation of decentralized marketplaces and businesses for digital assets. The goal of this protocol is to bring NFTs and DeFi to the masses.
In addition to exploring Origin Protocol, we also explored its native token: $OGN. The OGN coin has multiple use cases within the Open Protocol ecosystem, including staking, governance, and much more.
You also got to learn how to analyze and buy the Origin Protocol coin using Moralis Money – the industry’s leading on-chain trading indicator!
However, along with analyzing and buying tokens, you can additionally use Moralis Money to find coins before they pump. This combination of tools makes Moralis Money the ultimate one-stop shop for crypto traders. And if you’d like to learn more about it, check out our three crypto trading tips guide!
Also, you should know that it’s possible to boost the features of this tool by signing up with the Moralis Money Pro plan. Doing so gives you access to premium education, the industry’s best crypto whale tracker, a private Discord server, and much, much more:
And lastly, if you found this article interesting, consider checking out more content here at Moralis Money. For instance, read one of our other coin articles exploring tokens like the SHIA coin, TOPIA token, or OX coin.
