Orca is a generic AMM that is launched on Solana. Here, users can trade their assets, provide liquidity, and earn yield via an easy-to-use platform. Orca has a circulating supply of 20M and a total supply of 100M.
What makes Orca unique?
The Orca platform is unique in itself because it provides the easiest way to trade cryptocurrencies on Solana. Moreover, it is AMM that helps users earn a return on their crypto assets.
The following are the main features of the Orca platform:
- With the Orca platform, users can exchange their tokens with low transaction fees.
- Users can provide liquidity to LPs (Liquidity Pools) and earn trading commissions.
- Being built on Solana, Orca allows users to exchange their tokens very quickly and securely.
However, there are many yield cultivation protocols available in the market (including Aave, yearn finance, etc.) that are well-established and allow people to earn good returns. So, the market for Orca encryption is competitive.
The following are the two main use cases of ORCA tokens:
- Users can wager their ORCA coins to earn rewards.
- Holders of ORCA cryptocurrencies can participate in the governance of the platform through voting mechanisms.
Orca crypto has concentrated liquidity pools also called vortices where liquidity providers compete for trading fees. In addition, users can choose a commission rate while creating a whirlpool and of this fee, 97% goes to liquidity providers and 3% goes to the climate fund.
A certain position in the Whirlpools is represented by an LP token, i.e. the Whirlpool NFT, and users can possibly trade the Whirlpools NFT on any secondary market. The Orca platform is partnering with EE (Endangered Empire), an NFT project released on Cardano, to enter the NFT domain. In addition, recently, Orca has also partnered with Stripe, a fintech company, for its fiat-to-crypto transactions.
But Orca’s price movements in the past describe that it has room for growth if market conditions turn out to be in its favor.
Competitor Analysis: Orca vs Pancakeswap, Aave
Orca vs Pancakeswap
PancakeSwap is the only one of the main competitors of the Orca protocol, so, let’s make a brief comparison between the two:
|Important audience||Traders looking for a Solana-based crypto exchange platform||Cryptocurrency users and Defi traders looking for a DEX and AMM platform.|
|Blockchain on which it is built||Solana||Binance Smart Chain|
|Categories||Automated Market Makers, Dapps, Defi projects and decentralized exchanges.||AMM, Defi, Dapps, cryptocurrency exchanges, crypto staking and yield farming.|
|Performance in the last year||-64.8%||-69.1%|
|Performance of the last three months||+32.5%||-17.9%|
|Performance in the last month||+64.0%||+11.1%|
We can see that Orca has clearly outperformed PancakeSwap in terms of price movements in recent months.
Orca vs Aave
Aave is one of the best farming protocols that allows users to lend and borrow cryptocurrencies. Users are incentivized to leverage the platform in terms of commission discounts, voting power, etc. With Aave, users can earn interest on their deposits and also borrow cryptocurrencies when required.
So, let’s briefly compare Orca with Aave, especially in terms of price movements:
- Orca cryptography is built on Solana, while Aave is built on the Ethereum blockchain.
- Arave decreased by 66.5% in the year alone, while the price of Orca decreased by about 64.8% for this duration.
- Over the past three months, the price of Aave has increased by 2.3%, while the price of Orca has increased by more than 32.5%.
- Aave’s price has grown by about 31.9% over the past month, compared to Orca’s 64% increase during this period.
The price of
Therefore, Orca crypto has clearly outperformed Aave in terms of price movements in recent months. However, Aave definitely supports more categories, making it a bit more diverse than the Orca protocol.
Orca Crypto Price Prediction
Before predicting whether ORCA Coin should rise or fall in the near future, let’s first get an overview of its price history in recent months. Orca crypto’s performance over the past few months can help us get the required context for the future. Let’s discuss:
Above is the chart of the Orca coin for 1 year, and as we can see, the market price of the Orca coin, a year ago was $ 3.5. So, there is a drop of more than 64.8% in the price of Orca in a year, considering its current price of $ 1.23. In addition, there have been numerous ups and downs stating that the hike was not really continuous. Orca crypto reached the highest and lowest values of $3.6 and $0.4 respectively, during that time.
The price of ORCA has increased by more than 32.5% in three months (although the increase has not been consistent), keeping in mind that its price 3 months ago was $0.83. However, Orca’s price reached its lowest price at $0.42 during this period (as illustrated below).
The all-time highest value of the ORCA coin is $18.63 which it reached in November 2021. Subsequently, the price started to fall and is currently priced at $1.23 (again the decline has not been consistent throughout the entire period). Also, the market price of Orca crypto a month ago was $0.44. This means that the price of Orca has increased by more than 64% since then.
Note that the ORCA cryptocurrency is 93.39% lower than its all-time highest price, meaning it has huge room for growth in the future.
Moreover, according to reports, the CPI index increased to 7.1% in November 2022. And the data shows that the CPI index declined from June 2022 to November 2022, indicating a positive change in the cryptocurrency market.
The comparative decline in the CPI index could be the reason why the price of Orca is recovering from the last 7 days and has risen by more than 61%.
Orca Price Prediction: Will ORCA Reach $10?
To reach a price of $10, ORCA Coin needs to grow nearly 8.1 times considering its current market price of $1.24.
Note that the Orca cryptocurrency reached its all-time highest price of $18.63 in November 2021, where it grew 2.02 times in just 1 month (from the lowest value of $9.18 in October 2021).
Therefore, ORCA encryption takes 4 months to reach $10 according to calculations.
However, the current market situation of liquidity and inflation is definitely not in favor of the cryptocurrency market. Therefore, Orca encryption cannot even reach $10 in the calculated time. Therefore, reaching $10 will take much longer than just 4 months for the Orca coin.
Orca Price Prediction: Will ORCA reach $100?
The ORCA cryptocurrency needs to grow 80.64 times to reach $100, considering its current market price of $1.24.
Since the Orca cryptocurrency has shown growth of 2.02 times in a month, it will need a minimum of 39 months (i.e. less than 4 years) to reach a price level of $100.
But, since economic conditions (including inflation and liquidity) are certainly not good for the cryptocurrency market, the ORCA coin will need more than 4 years to reach a price level of $100.
Orca Price Prediction: Will ORCA Reach $1000?
The ORCA cryptocurrency is currently priced at $0.93, meaning it needs to grow about 1,075 times to reach a price level of $1000.
Also, since the Orca
cryptocurrency reached its all-time high price of $18.63 in November 2021, where it grew 2.02 times in just 1 month, the Orca coin will need a minimum of 532 months (more than 44 years to reach $1000.
Firstly, waiting 44 years is impractical, and secondly, the Orca coin can reach $ 1000 in the calculated time only if macro and micro economic factors turn out to be in favor of its growth.
Therefore, Orca encryption cannot be expected to reach $1000 in the near future.
ORCA Price Forecast 2023, 2025 and 2030
Orca Crypto 2023 price prediction is $1.8
Orca Crypto 2025 price prediction is $3.3
Orca Crypto Price Prediction 2030 is $16.6
Orca Price Forecast Today
|1. The wisdom of the market||neutral|
|1a. Market data||neutral|
|1b. Technical recommendation||neutral|
|2. The wisdom of the crowd||Partially negative|
|2a. Buzz on social media||lower|
|2b. Social Media Sentiment||neutral|
coin is the governance token of the Orca platform and has a maximum supply of 100,000,000 tokens, of which 35,225,824 ORCA tokens are already in circulation.