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.
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.
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 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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