Oxen (OXEN) Coin Overview and Weekly Technical Review:
This article centers around a thorough assessment of OXEN coin's technical and fundamental attributes using...
This article centers around a thorough assessment of OXEN coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our report aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is Oxen (OXEN) Coin?
Oxen (OXEN) is a privacy-focused cryptocurrency and platform that aims to provide secure and private communication, decentralized VPN services , and anonymous web browsing . It utilizes the Oxen Service Node network , which is built on the Loki blockchain .
The primary goal of Oxen coin is to enable individuals to protect their online privacy by offering a suite of tools and services. These include :
- Session : Session is an encrypted messaging app developed by Oxen that ensures end-to-end encryption for all messages , voice calls , and data transfers . It enables users to communicate privately without compromising their identity or exposing their metadata .
2Lokinet : Lokinet is a decentralized peer-to-peer networking protocol developed by Oxen . It allows users to browse the internet anonymously through its onion-routing technology , similar to Tor but with improved performance and usability .
- Blink : Blink is another component of the Oxen ecosystem that provides decentralized VPN (Virtual Private Network) services . By routing traffic through multiple nodes in the network, it helps users maintain their online privacy while accessing restricted content or bypassing censorship .
Oxen coin serves as the native currency within this ecosystem, facilitating transactions between users and incentivizing participants in various aspects of the network’ s infrastructure like running Service Nodes or contributing bandwidth resources .
Overall , Oxen aims to empower individuals with greater control over their digital footprints while ensuring secure communication channels and private internet access through its range of privacy-centric tools .
If you want to know more about the Oxen Coin(OXEN) coin , you can visit its website .
Oxen (OXEN) coin has several ongoing projects aimed at enhancing privacy and security in various aspects of online communication . Some notable projects include :
- Session : Session is an open-source, end-to-end encrypted messaging app developed by Oxen. It enables private and secure communication through features like anonymous account creation, self-destructing messages, and metadata protection.
- Lokinet : Lokinet is a decentralized peer-to-peer networking protocol developed by Oxen. It allows users to browse the internet anonymously using onion-routing technology similar to Tor but with improved performance and usability.
- Blink : Blink is a decentralized VPN (Virtual Private Network) service provided by Oxen coin. By routing traffic through multiple nodes in the network, it helps users maintain their online privacy while accessing restricted content or bypassing censorship.
- Service Nodes : The Oxen ecosystem relies on Service Nodes that provide infrastructure support for various services like messaging, browsing, and VPN functionality. These nodes are operated by participants who stake OXEN coins as collateral to ensure network integrity and earn rewards for their contributions.
- Governance System : As part of its project roadmap, Oxen aims to implement a governance system where OXEN coin holders can participate in decision-making processes regarding network upgrades, funding proposals, and other important matters related to the development of the platform .
These projects collectively work towards creating a more private and secure digital environment for individuals seeking greater control over their data while maintaining confidentiality in their online interactions .
Factors affecting price:
The price of Oxen (OXEN) coin, like any other cryptocurrency, is influenced by a variety of factors. Here are some key factors that can impact the price of OXEN:
- Market Demand and Supply : The basic principle of supply and demand plays a significant role in determining the price of OXEN. If there is high demand for the coin but limited supply available on exchanges , it can drive up the price. Conversely , if there is excessive supply or low demand , it may put downward pressure on the price .
- Overall Cryptocurrency Market Sentiment : The general sentiment and trends in the broader cryptocurrency market can influence the value of OXEN . Factors such as regulatory developments, market volatility, investor sentiment towards cryptocurrencies as a whole, and macroeconomic conditions can impact how investors perceive and invest in OXEN .
- Technological Developments : Updates to Oxen’s technology stack or new features introduced to its ecosystem can have an effect on its price. Positive technological advancements that enhance privacy capabilities or improve user adoption may attract more interest from investors and potentially increase demand for OXEN .
- Partnerships and Integrations : Collaborations with other projects or companies within the blockchain space could positively impact OXEN’s visibility and utility value, potentially leading to increased adoption and investment interest .
- Investor Perception : Public opinion about Oxen’s goals, team credibility, community engagement, marketing efforts, security measures deployed by developers may influence investor perception regarding its long-term potential value proposition.
It’s important to note that cryptocurrency markets are highly volatile and subject to various unpredictable events ; therefore understanding these factors does not guarantee accurate predictions about future prices .
Where can I buy Oxen Coin (OXEN)?
Exchange Pair Volume
Oxen Coin (OXEN) Baseline Assessment :
The market cap of the Oxen Coin (OXEN) coin is $ 6.378.941 and its circulating supply is 63.716.237 units . Its maximum supply is ∞ units , with a fully diluted valuation of $ 6,248,524 .
What is the high price point for Oxen Coin (OXEN)?
Oxen Coin (OXEN) token highest price is $2.35 recorded on Apr 22, 2021. The current price is -95.82% lower than the all-time high .
What is the low point of the price for Oxen Coin (OXEN)?
Oxen Coin(OXEN) token’s lowest price was $0.08903 on Jun 25, 2023.
Oxen Coin (OXEN) Technical Outlook:
Oxen coin started the downtrend at $2.40, which it saw on April 19, 2021, and continued until June 26, 2023, reaching $0.0919 . In recent weeks, the decrease has been accompanied by high volume. Oxen coin, which continues its movement within the falling channel, seems to go down to the lower band of the channel. It is necessary to follow the channel lower band around $ 0.05548 and watch the voluminous reactions. Otherwise, it should be considered that the decline will continue. In possible rises, the horizontal supports on our chart will appear as resistance zones. The most important resistance to is $0.1387, the region with the highest volume. This level, which is seen as the cost zone of the investors, will also appear as the sales zone of those who want to dispose of the Oxen coin .
Our short support : $0.090 , sequential resistances on possible ups : $0.1387 – $0.19129 – $0.3840 – $0.8653 – $2.10
Investment information, comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments , and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences . Therefore , making an investment decision based solely on the information herein may not yield results that meet your expectations .
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