- Coinbase announced its partnership with Optimism (OP)
- Orbeon Protocol (ORBN) sold $800,000 ORBN tokens in 24 hours
- Bitcoin (BTC) took a breather after soaring to a high of over $68,000
Coinbase and Optimism Partnership
This week saw Coinbase announce its partnership with Optimism (OP). Optimism (OP) is an Ethereum (ETH) scaling solution that leverages a technique called optimistic rollups to process transactions faster and cheaper than on the main blockchain. The news sent Optimism (OP) prices soaring and many investors have been optimistic about the potential of this scaling solution. Optimism (OP) will be utilized as the foundation for Coinbase’s new layer-2 platform, called Base. As projects and individuals turn to Base to scale their operations, it’s likely that Optimism (OP) will gain significant traction in the crypto market.
Orbeon Protocol Token Sale
Orbeon Protocol (ORBN), a decentralized finance platform that is disrupting traditional banking systems, successfully sold $800,000 worth of ORBN tokens in just 24 hours. This proves that Orbeon Protocol has gained traction within the DeFi space and is being seen as a reliable alternative to traditional banking systems. The sale was also supported by several major companies such as Binance, OKEx and Huobi Global.
Bitcoin Price Fluctuations
Bitcoin (BTC) is widely regarded as the first successful implementation of a peer-to-peer electronic cash system, and has transformed the world of finance as we know it today. Bitcoin (BTC) has experienced several turbulent periods in its history, during which the price of Bitcoin (BTC) has seen massive fluctuations. In 2021 alone, Bitcoin’s price soared to highs of over $68k before plummeting down to lows under $16k – representing a drop of more than 75%. Bitcoin’s price is currently stabilizing around between $22k-$25k with many analysts predicting further growth in the coming months.
The news from Coinbase and Orbeon highlights some exciting investment opportunities for crypto enthusiasts looking for new projects to invest in or ways to gain exposure to digital assets beyond cryptocurrencies such as Bitcoin or Ethereum. Both projects offer potential investors different ways to get involved with either base layer or layer 2 solutions respectively – both have great potential going forward!