ORCA: The Token That Just Won’t Die (But Maybe Should)
As the great philosopher, myself, once said, “The price of ORCA has risen sharply, much like a certain someone’s ego after a few too many glasses of fine Russian vodka.” 🍸
According to CoinMarketCap statistics, ORCA’s price has increased by more than 170%, reaching an annual high of $5.1021, up from a low of $1.56. Ah, the joys of being a cryptocurrency investor: one day you’re swimming in a sea of KRW, the next you’re drowning in a tidal wave of volatility. 🌊
The main reason for the surge, of course, is Upbit’s move to support trading in ORCA. On 21 March, Upbit declared that it would list ORCA with KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs. The trading began at 17:00 KST on the same date, because what’s a little thing like time zones when there’s money to be made? 🕰️
Upbit’s listing of ORCA attracted much attention, particularly from South Korean investors, causing its price and trading volume to surge. Ah, the thrill of the chase: will ORCA continue to rise like a phoenix from the ashes, or will it crash and burn like a Soviet-era spacecraft? 🚀
To avoid large price fluctuations, Upbit applied some restrictions on trading. For the initial five minutes of trading, buy orders on ORCA were limited. Limited orders only were permitted for the first hour, to provide managed trading activity. And sell orders were set at 10% lower than the previous close to avoid steep declines and maintain stability in the market. Ah, the wisdom of the ages: “A bird in the hand is worth two in the bush, unless the bird is a cryptocurrency, in which case it’s worth nothing at all.” 🐦
ORCA has been declining since December 6, when it hit a high of $7. But Upbit’s listing has helped the token regain traction and reach $5 for the first time in 2025. Ah, the sweet taste of victory: ORCA is currently trading at $3.69, an increase of approximately 132% within the last 24 hours. Its price over the last week has risen by 148%, and in the last month by 194%. The market capitalization is now $195.95 million, a 131% growth. And the 24-hour volume has risen to $441.54 million, a whopping 6893% increase, pointing to high market activity and liquidity. Ah, the joys of being a cryptocurrency investor: it’s like trying to catch a greased pig at the county fair. 🐖
Analysts expect a short-term retracement in ORCA as the RSI suggests overbought circumstances. The key levels to watch are $3.50 as support and $4.50 as resistance. Ah, the thrill of the chase: will ORCA continue to rise like a phoenix from the ashes, or will it crash and burn like a Soviet-era spacecraft? 🚀
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2025-03-21 17:41