• The cryptocurrency market is a dynamic and fast-paced investment opportunity. Litecoin (LTC) has recently seen some impressive performance, while Shiba Inu (SHIB) is struggling in the bear market. Orbeon Protocol (ORBN) is predicted to experience a 6000% price increase by the end of the year.
Cryptocurrency Market Overview
The cryptocurrency market is one of the most exciting and dynamic investment opportunities of our time. It’s fast-paced, unpredictable and full of potential.
In the last week alone, Litecoin (LTC) has surprised many crypto natives with a remarkable performance week after week. Currently priced at about $90, market watchers predict that LTC could break the $100 mark in days. Shiba Inu (SHIB) has had a rough start to the year, with more predictions pointing to an ongoing bear trend for the once-popular meme coin. However, Orbeon Protocol (ORBN), a newcomer in the crypto space, is setting up for a journey to the moon, with experts predicting a 6000% price increase by the end of the year.
By May 2021, the value of Litecoin (LTC) had reached an all-time high of $412.96, but within six months, Litecoin (LTC) plummeted by more than 50%. Litecoin (LTC) serves as a testing ground for improvements to the Bitcoin (BTC) blockchain, andthe addition ofthe Mimblewimble privacy protocol which aims to make crypto transactions untraceable isa great addition that will increase adoption. At themoment, Litecoin(LTC)is hovering aroundthe$90markwith expert predicting an incomingprice correctionfor Litecoin(LTC). Ifthe Litecoin(LTC) price corrects it could drop to about$50 evenso on-chain data indicated thatcrypto whalesareaccumulating Litecoin(LTC )in anticipationofthe Augusthalving.
While some coins in the crypto space are performing well despitethebearmarket ShibaInu(SHIB )has beenstrugglingtoregainits previous positionamongthetop cryptocurrencies .Thereduced demandforriskierassetsandtheongoing globaleconomicuncertaintyhas caused investorstomove from projectssuchasShibaInu(SHIB )towardsless risky investments such asBitcoin(BTC ),whichhasimpactedthedemand forShibaInu(SHIB ).Furthermore ,ther ecent surgeforShibaInu(SHIB )was mainly drivenby hypeandsocial mediabuzz .This has madeitdifficultforthe ShibaInu(SHIB )cointomaintainits momentum inthefaceofmarket volatility andchanginginvestorsentiment .Moreover ,thegrowingcompetitionfrom othermeme -inspiredcryptocurrenciesandincreasing scrutiny fromregulatorsandauthorities also poseachallengeforShibain u.( SHIB ).ThecurrentpriceforShibain u.( SH IB )standsat$0 .00001068 .
Orbeon Protocol (ORBN), is designed to be an interoperability layer between different blockchains and decentralized finance protocols like Ethereum and Binance Smart Chain that enables users to take advantage of features from each protocol without having multiple accounts or wallets across different networks. The ORBN token will be used as native currency on Orbeon Protocol’s decentralized exchange platform allowing users to access DeFi products built on top of Orbeon Protocol’s ecosystem such as liquidity mining pools and yield farming opportunities without needing any special technical knowledge or expertise in order to do so safely and securely while making sure that they have complete ownership over their funds at all times!