Crypto markets saw heightened volatility following the news of the FTX collapse. Prices of many major coins fell as the community scrambles to reassess their portfolios.
But despite all the uncertainty, some coins have managed to stand out from the crowd. Here’s a look at three interesting projects and how they’ve held up in this market. These are Ripple (XRP), Litecoin (LTC) and Orbeon Protocol (ORBN).
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Ripple is a project that aims to provide a blockchain-based solution for global payments. The team behind Ripple has worked hard to onboard large financial institutions with their vision.
However, Ripple has been embroiled in many controversies lately. The US Securities and Exchange Commission (SEC) filed charges against the company for selling unlicensed securities. The SEC claims that Ripple’s token, XRP, is an unregulated security. This has caused a lot of uncertainty among crypto enthusiasts.
In fact, recent reports indicate that Ripple is unlikely to win the case. Miles Jennings, a senior legal counsel at venture capital firm Andreessen Horowitz, said he had no hopes for Ripple. A loss in court could significantly affect Ripple and XRP, which is why the community is wary of this coin.
Litecoin is a cryptocurrency 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 out there”.
Litecoin is based on Bitcoin and aims to solve the same problem – providing solid money in the digital age. However, Litecoin differs from Bitcoin in several important ways. One of them is that Litecoin uses a different proof-of-work algorithm, which is more efficient and easier to verify than Bitcoin’s algorithm. This means Litecoin transactions can be confirmed faster and at a lower cost. These characteristics make Litecoin an attractive option for merchants and consumers.
Recently, Litecoin has seen a huge surge, up 36% in two days ahead of the network’s 11th 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)
The Orbeon protocol has been making headlines lately, with some analysts expecting it to rise by 6,000%.
Orbeon Protocol is an investment platform that allows anyone to invest in early-stage companies for as little as $1. It’s about decentralizing investing so everyone has a chance to invest in the next big thing.
It works by coining each investment opportunity into fractional NFTs (fNFTs). For example, a company wants to raise $250,000. Orbeon will issue 10,000 fNFTs and offer them to investors for $25 each.
One benefit of using blockchain technology is security. Orbeon’s smart contract includes built-in security mechanisms that protect investors. For example, if the company does not reach its financing goal, the investors automatically get their money back.
Orbeon Protocol currently has a presale with tokens priced at $0.009.
Learn more about pre-selling the Orbeon Protocol
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