Cryptocurrencies To Elevate Your Portfolio: Litecoin (LTC), Ethereum (ETH) And Orbeon Protocol (ORBN)
2022 has been one of the roughest years for cryptocurrencies. While some cryptos were able to withstand, many got swayed away by the bearish winds. This article will look into why people prefer Orbeon Protocol (ORBN) over established tokens like Litecoin (LTC) and Ethereum (ETH) for making investments. Orbeon Protocol (ORBN) is a new entrant in the arena and has captured all the limelight with its pre-sale success.
Litecoin (LTC) Sees An Upward Movement
Litecoin (LTC) was created from a fork of Bitcoin (BTC) in 2011. Litecoin (LTC) is a blockchain-powered cryptocurrency, which was originally built to address the concerns of developers regarding Bitcoin. Litecoin has a different algorithm but shares characteristics similar to Bitcoin. The primary goal of Litecoin is to establish itself as a medium for daily transactions. Litecoin also claims to offer faster transactions than Bitcoin. Litecoin’s growth chart has seen an upward tick during the initial few months after launch. In the past 30 days, the price of Litecoin has recorded an increase of 14.69%. However, Litecoin’s price has witnessed a drop of 1.22% in the last week. Currently, Litecoin is being traded at $75.98.
Orbeon Protocol (ORBN) Set To Print Millions For Investors
Emerging as the best investment option among savvy investors, Orbeon Protocol has entered the crypto market with the primary goal of solving real-world issues related to the raising of funds for companies. The platform addresses the crowdfunding and venture capital industry. Orbeon Protocol (ORBN) is a decentralized platform that creates NFTs against equity issued by companies. Orbeon Protocol (ORBN) enables individual investors to invest in early-stage companies by purchasing the NFTs. It empowers businesses to raise capital by offering equity-backed NFTs. To raise funds, businesses can use Orbeon Protocol’s (ORBN) NFTs-as-service (NFTaas), a novel feature that makes the fundraising process cheaper and less time-consuming.
With Orbeon Protocol (ORBN), people can make investments in businesses for as low as $1. The platform’s most notable feature is its “Fill or Kill” mechanism. The “Fill or Kill” safety mechanism ensures that investors get their money back if a project fails to raise the required amount of funding. The ecosystem of Orbeon comprising four elements — Orbeon Swap, Orbeon Wallet, Orbeon Exchange, and Metaverse — is governed by ORBN tokens. ORBN holders get voting rights on the decisions of the platform. ORBN holders also get other benefits like discounts on trading fees and cashback rewards.
Orbeon Protocol recorded huge success during the first phase of its pre-sale. The first phase of ORBN’s pre-sale started at the price of $0.004 and reached $0.021. According to analysts, ORBN is expected to reach $0.24 before the end of the pre-sale. The platform is expected to soar by 6000% during the pre-sale.
Market Bears Hurt Ethereum’s (ETH) Movement
Ethereum is one of the leading blockchain networks in the crypto world. Although many similar networks have sprung up in recent times, Ethereum still holds the title of being the leader in the arena. Ethereum’s blockchain network enables secure digital ledgers to be publicly created. Ethereum is the foundation network for many blockchain-based apps and protocols. Recently, Ethereum adopted a proof-of-stake consensus mechanism.
Recent bearish market sentiments have hurt the market performance of Ethereum. The price of Ethereum has dropped by 25% in the last month. However, in the past week, Ethereum’s price has increased by 3.47%. As a result, the current trading price of Ethereum is $1,254.05.
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