The crypto world has been hit by a fresh round of crisis following the FTX collapse. While FTX’s liquidity crisis has left many leading cryptos like Solana (SOL) vulnerable, it has also pushed the investors to look out for stable investing opportunities. In this context, cryptocurrencies like Tron (TRX) and Litecoin (LTC) have shown immense potential. There is also a new cryptocurrency, Orbeon Protocol (ORBN), which has excited investors. The price of Orbeon Protocol (ORBN) token has jumped 125% during the first phase of presale while Tron (TRX) and Litecoin (LTC) have performed decently. This article looks at what is expected from Litecoin (LTC) and Tron (TRX), and how Orbeon Protocol (ORBN) can compete with them.
Litecoin (LTC) resists downside
Litecoin (LTC) has been in the bearish cycle since the start of the year. In the first week of 2022, Litecoin (LTC) was trading around $150. It crashed to $43 in June but has recovered since then. At the time of writing, Litecoin (LTC) was trading around $61, after rising over 16% in 30 days, according to CoinMarketCap data. Even as the current price of Litecoin (LTC) is 85% below the all-time high (ATH) of $410.26 on 10th May 2021, analysts are bullish about the performance of this cryptocurrency in 2023.
Recently, Litecoin Foundation reported that mining difficulty on the Litecoin blockchain is continuing to rise to new highs. There has also been a strong growth in new addresses on Litecoin blockchain, which was better than Bitcoin and Ethereum between January to October period. Going forward, these developments are expected to build a positive sentiment shift towards Litecoin (LTC).
Tron (TRX) gains strength
Tron (TRX) has also been in the bearish cycle since the beginning of 2022. At the start of the year, Tron (TRX) was trading around $0.075. It crashed to $0.055 in June but has maintained the price amid the fresh round of market crash in November. At the time of writing, Tron (TRX) was trading around $0.055, which is the same as the June price, according to CoinMarketCap data.
Several positive news around the Tron ecosystem is expected to push the TRX price higher in coming months. Recently, reports said that Tron Founder Justin Sun is ready to give billions in aid to FTX. Another report said that Tron-based tokens were selling at 1200% premium on FTX as users tried to find ways to extract their funds from the troubled exchange. As per the State of TRON report by Messari, the network activity on the Tron (TRX) blockchain has shown continued strength.
Orbeon Protocol (ORBN) set to compete with Tron, Litecoin
Orbeon Protocol (ORBN) makes it easy for promising real-world businesses to raise funds from the crypto community by being minted as fractionalised non-fungible tokens. Startups and rising businesses can join Orbeon Protocol launchpad to raise funds quickly and more efficiently than ever before. The platform converts each investment opportunity into fractional, equity-based NFTs, which can be purchased by anyone for as little as $1. This allows everyday investors to access the venture capital industry for relatively low amounts of capital – an advantage that is disrupting the crowdfunding and VC industries.
As Orbeon Protocol is bridging the gap between crypto and real-world financing with unique real-world use cases, the platform’s utility token, ORBN, has gained massive traction among investors. Over 160 million of 187 million ORBN tokens offered during the presale have already been sold out.
Orbeon Protocol (ORBN) token holders get access to exclusive investor groups on the platform. They can also stake their tokens, receive discounts, and cashback rewards in USDC as well as participate in Governance of the future of the Orbeon Protocol ecosystem.
Orbeon Protocol (ORBN) packs the potential to compete with leading cryptos. Analysts believe that the price of Orbeon Protocol (ORBN) token could jump 6000% during the presale from $0.004 to $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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