This month has been a thrilling one for the cryptocurrency market, with Ethereum (ETH) adopting Stealth Addresses and a new token called Orbeon Protocol (ORBN) raising millions of dollars in funding. Not to mention, Bitcoin (BTC) surged above $24K, causing FOMO in the crypto-sphere. Let’s take a closer look at these stories and what they may mean for the industry.
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Orbeon Presale (ORBN)
Orbeon Protocol (ORBN) is a groundbreaking crowdfunding platform that tokenizes equity into non-fungible tokens (NFTs) on the Ethereum (ETH) blockchain. This decentralized approach is good news for startups and investors alike:
Investors: Orbeon Protocol (ORBN) enables anyone to become an investor, regardless of location, wealth, or experience. Just $1 is all it takes to invest and receive a stake in a fledging startup that could become the next big thing.
Startups: By tokenizing equity, startups can raise funds faster and with fewer restrictions. They also get access to a larger pool of potential investors from around the world, rather than relying solely on local banks and venture capitalists for funding.
Orbeon Protocol (ORBN)’s startups and investors are connected by smart contracts that automatically handle the process of investing and transferring tokens, helping to ensure transparency. No more greedy bankers or costly middlemen involved!
Moreover, Orbeon Protocol (ORBN) has a utility token called ORBN, which is used to facilitate transactions within the platform. Just over the course of presale, Orbeon Protocol (ORBN) is up 1675% and is slated to rise by a further 6000% once it hits exchanges.
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As the world’s leading smart contract platform, Ethereum (ETH) has been essential in enabling a variety of projects to flourish. Thus, it’s no surprise that Ethereum (ETH) has the second-largest market cap in the crypto-sphere.
This level of adoption is only going to grow as Ethereum (ETH) completes the upgrade to Ethereum (ETH) 2.0, where sharding and other scaling technologies will be used to increase the throughput of transactions.
But that’s not all — Recently, Ethereum (ETH) announced stealth addresses, a way to send and receive digital currency without revealing the origin or destination of funds. If Ethereum (ETH) can pull this off, then it will be another major step forward for the blockchain community.
The market has responded well to this news, with the Ethereum (ETH) price surging from $1180 to $1710 over the course of a few weeks. This indicates that investors are confident in the future of Ethereum (ETH).
Bitcoin (BTC) has been the talk of the town this month, with the Bitcoin (BTC) price rising above $24K for the first time in more than four months. This milestone has caused FOMO among Bitcoin (BTC) investors and traders alike, as they rush to secure a piece of Bitcoin (BTC) before prices rise even higher.
But what caused this Bitcoin (BTC) pump and is the bear market over? It’s hard to say for sure, but many think that institutional investors are behind this Bitcoin (BTC) rally. Plus, some believe that Bitcoin (BTC) only dipped below $20,000 because of the FTX scandal, and with that now behind us, Bitcoin (BTC) is slowly returning to its original level.
It’s unclear how high Bitcoin (BTC) price will go, but if history is any indicator, then it’s likely that the king of crypto will continue to surge in value.
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