Litecoin (LTC) Sees Christmas Gains; Investors Scramble For Orbeon Protocol (ORBN) Presale Following Growth Surge
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As the year ends, investors are looking to take advantage of last minute profits. Litecoin has proven to be a strong investment in December, steadily rising in value. At the same time, new projects like Orbeon Protocol are attracting investors with huge 805% presale surges. Here’s why both options could be an asset to portfolios in 2023.
Orbeon Protocol Presale Kicks Off With A Big Win
Orbeon Protocol is a revolutionary DeFi launchpad helping to change how startups raise funds. It’s already hit several financial milestones since the start of its presale in October, attracting investors with a lucrative ecosystem and exciting utility.
The project removes the current barriers to entry for startup investments, allowing retail investors to purchase equity in new businesses that require funding. In the current market, such investors would be priced out by venture capitalists, requiring 6 figures or more to make an investment.
Through the Orbeon Launchpad, investors can buy shares in startups for as little as $1 with fractionalized NFTs. Each NFT represents equity in a business. When purchased, investors store their NFTs in Orbeon’s decentralized wallet, securing their shares until they want to sell.
To reduce the risk of rug pulls or ineligible businesses, all businesses are vetted before entering the Orbeon ecosystem. To further protect investors, Orbeon Protocol has also created a “Fill or Kill” mechanism. If a startup misses its funding target, the smart contract representing shares is “Killed,” and investors are refunded.
Orbeon Protocol is powered using ORBN, which powers the Orbeon Exchange, Orbeon Swap, and a unique Metaverse currently in its development phase. ORBN holders are rewarded with trading discounts, access to VIP investor groups, staking bonuses, governance and voting rights and more.
During its presale, ORBN has increased from $0.004 to $0.0362, with many investors choosing Orbeon Protocol over traditional investments due to its potential to continue rising in value.
Litecoin Gives Investors a Christmas Gift
Litecoin (LTC) was one of the first cryptocurrencies to be founded, created as a Bitcoin fork in 2011. Litecoin was originally created to prevent large mining farms from monopolizing the crypto mining industry. Litecoin has cemented itself as a popular altcoin, with many calling Litecoin the “silver to Bitcoin’s gold”.
Although this initial goal was unsuccessful, Litecoin has become a popular mining option and is commonly used for peer-to-peer payments. In the past week, Litecoin increased $2.14 (3.36%) in value to $65.97, with analysts suggesting Litecoin could increase further by the New Year.
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