The crypto market has been on a roller coaster ride in 2022, with numerous digital assets crashing.
In the past few days, two popular cryptocurrencies – Litecoin (LTC) and Cardano (ADA) have seen upward momentum. This news is indicative of the positive sentiment within the crypto space.
At the same time, Orbeon Protocol (ORBN), a decentralized investment platform, saw its presale surge by a whopping 1400%.
Litecoin (LTC)
Litecoin (LTC) is a decentralized digital currency released in 2011 as an open-source project developed by Charlie Lee, a former Google employee and MIT graduate. Litecoin was one of the first altcoins that launched following Bitcoin’s rise in 2009.
Litecoin as the “digital silver” shares many similarities with its predecessor, including its proof of work consensus mechanism. However, it offers several improvements over Bitcoin. Litecoin’s smaller block size allows it to confirm transactions faster than Bitcoin.
As investors are looking for safer bets in crypto, Litecoin stands to benefit. This decentralized and established token offers a lot of the similar promises Bitcoin does. Still, Litecoin’s similarity to Bitcoin could be an issue for the token. Litecoin is in the shadow of the crypto king, and it faces an uphill battle with its massive predecessor.
Cardano (ADA)
Cardano (ADA) is a cryptocurrency platform developed by Charles Hoskinson, co-founder of Ethereum. Cardano utilizes a proof of stake consensus mechanism that allows users to vote on its protocol and make decisions on the direction the coin should take.Â
Cardano was launched in 2017 and has since attracted attention from institutional investors. The appeal of Cardano lies in its focus on academic research and development. It is also one of the first multi-layered blockchains, which adds to its scalability.
Cardano’s ambitious long-term plans are likely to attract more investors. However, the network has also had its fair share of controversy. Most notably, some investors lament the slow development of the Cardano network. In order to keep up in the blockchain race, Cardano will have to up its development.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized platform for venture capital and crowdsourcing. This blockchain platform will bring early-stage investors and entrepreneurs together to build the companies of the future.Â
Orbeon Protocol uses blockchain technology to enable a safe and transparent investment process. Specifically, its smart contracts provide multiple security features for investors. For instance, Orbeon Protocol, automatically refunds investors when a project fails to meet its funding goal.Â
The platform also democratizes access to early-stage investing. With the use of fractional Non-Fungible Tokens (fNFTs), it allows investors to back startups with as little as $1. These NFTs function as a form of equity in the fundraising startup.
ORBN, Orbeon’s native token, is making waves with its massively successful presale. Since its start, the token has surged by 1400%. Analysts predict it could jump as high as 6000% by the end of the presale. If Orbeon can disrupt the huge venture capital industry, it could go even higher.Â
Find Out More About The Orbeon Protocol Presale
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
