Crypto markets saw increased volatility after the news of the FTX collapse. Prices of many major coins dropped as the community has scrambled to re-evaluate their portfolios.
But even amid all the uncertainty, some coins have managed to stand out from the crowd. Here’s a look at three interesting projects and how they fared in this market. These are Ripple (XRP), Litecoin (LTC) and Orbeon Protocol (ORBN).
Ripple (XRP)
Ripple is a project that aims to provide a blockchain-based solution for global payments. The team behind Ripple has been working hard to get major financial institutions on board with their vision.
However, Ripple has been embroiled in a lot of controversy lately. The US Securities and Exchange Commission (SEC) brought charges against the company for selling unlicensed securities. The SEC alleges that Ripple’s token, XRP, constitutes an unregulated security. This has caused a lot of uncertainty among crypto enthusiasts.
In fact, recent reports show that Ripple is unlikely to win the case. Miles Jennings, a senior legal advisor at venture capital firm Andreessen Horowitz, said that he didn’t have his hopes up for Ripple. A loss in the court could significantly impact Ripple and XRP, which is why the community is cautious about this coin.
Litecoin (LTC)
Litecoin is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology. It was created in 2011 by Charles Lee, a former Google engineer, who calls it the “most fungible currency in existence.”
Litecoin is based on Bitcoin and aims to solve the same problem – providing sound money in the digital age. However, Litecoin differs from Bitcoin in several key ways. One of these is that Litecoin uses a different proof-of-work algorithm, which is designed to be more efficient and easier to verify than the Bitcoin algorithm. This means that Litecoin transactions can be confirmed faster and at a lower cost. These features make Litecoin an attractive option for both merchants and consumers.
Recently, Litecoin has seen a huge rebound, jumping 36% in two days ahead of the network’s 11-year anniversary. The digital currency was less affected by the FTX crash. That’s why it’s definitely worth keeping an eye on this Bitcoin competitor.
Orbeon Protocol (ORBN)
Orbeon Protocol has been making news recently, with some analysts expecting it could rise 6,000%.
Orbeon Protocol is an investment platform that enables anyone to invest in early-stage businesses for as little as $1. It is about decentralizing investment so that everyone can have a chance at investing in the next big thing.
It works by minting each investment opportunity into fractional NFTs(fNFT). For example, a company wants to raise $250,000. Orbeon will issue 10,000 fNFTs, and offer them to investors for $25 each.
One advantage of using blockchain tech is security. Orbeon’s smart contract includes built-in safety mechanisms that protect investors. For instance, if the company does not reach its funding goal, the investors automatically get their money back.
Orbeon Protocol currently has a presale, with tokens going for $0,009.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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