Crypto

Oxen (OXEN) Price Predictions: How Far Can OXEN Crypto Focus Go?

Investors Discuss an Emerging Cryptocurrency Called Volov (CCC:BUFS-USD). The recently renamed coin shocked the digital currency world with a focus on security. But does this play really have to be news? Dogecoin (CCC:DOGE-USD) How are some claims? Bull price predictions (OXEN) are not very convincing.

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Oxen is a cryptocurrency formerly called LOKI. Launched in 2018, Loki aimed to address the lack of privacy inherent in public blockchain transactions. See when the transaction is done on the chain like Bitcoin (CCC:BTC-USD), this transaction is publicly recorded and can be traced back to the user by his unique wallet address.

To make the public blockchain more private, the Loki / Oxen blockchain wants to eliminate the ability to track transactions. To do this, the chain uses technologies such as hidden addresses and ring signatures to mask the real parts of the transaction.

Bull Price Predictions (OXEN): Could Bulls Really Be The Next Dog?

Loki began rebranding to Oxen in January and has generated a lot of investor interest since then. In fact, some call Oxen “the cryptocurrency that can crush Dogecoin.” In today’s trading session alone, Oxen rose more than 70%, helped by a 51% increase in trading volume. The coins are trading at $ 1.76.

But what do Oxen analysts seem to be thinking? Is it targeting the same huge payouts as DOGE? Let’s see what analysts have to say:

DigitalCoinPrice believes Oxen will end the year with slightly higher margins than it does now. By the end of the year, the outlet fixes the coin at a price of $ 1.95. Gov Capital sees little success with Oxen after breaking the $ 2 mark. The publication predicts that OXEN will be valued at $ 2.07 in June 2022. WalletInvestor is actually quite bearish towards Oxen. They are the only source of loss forecasting, valuing the OXEN coin at $ 1.16 around the same time next year.

At the time of publication, Brenden Roerick did not have (directly or indirectly) any positions in the shares mentioned in this article. The opinions expressed in this article are those of the author in accordance with InvestorPlace.com’s publishing guidelines.

Article published by InvestorPlace Media, https://investorplace.com/2021/06/oxen-oxen-price-predictions-how-high-can-the-privacy-focused-oxen-crypto-go/.

© LLC “InvestorPlace Media”, 2021

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