Price Analysis

ORAI Price Prediction: Mainnet Launch

ORAI Price Prediction: Mainnet Launch

Oraichain combines Blockchain with Artificial Intelligence. It will be launching its mainnet on 24th Feb 2021.

Oraichain’s data oracles connect and aggregate Artificial Intelligence APIs to smart contracts and regularize applications. Oraichain is the world’s first AI powered oracle. Its vision is to combine the power of AI, DeFi and Blockchain to create a revolutionary product which could affect ORAI price.

Mainnet Launch

Oraichain will launch its mainnet on 24th February 2021 setting up the foundation for Oraichain’s AI services, DeFi and decentralized ledger technology. It plans to develop a wide host of applications and platforms developed and powered by Oraichain. Oraichain aims to become an AI ecosystem with advanced service modules that help develop multiple applications and platforms on top of a trustful, transparent, and secured blockchain ecosystem.

orai

You can read more about the mainnet here.

Let us review how the mainnet launch will impact ORAI price by performing a TA on ORAI/USD.

ORAI/ETH – Price Prediction

orai

ORAI is currently trading at a ratio of 0.031 compared to ETH pair (wrapped ether). It has a good support at 0.019. If ORAI can break 0.036, we could start seeing a move towards 0.040, 0.046, 0.063, 0.089 and 0.11. Failure to break 0.036 could lead to a drop towards 0.026, 0.019 and 0.014.

ORAI is currently trading at $57.69. It has a market cap of $39,841,232. Its 24 hour trading volume was $6,539,008.

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Images courtesy of TradingView.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

Source: altcoinbuzz.io
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