What are analysts saying about these 3 top gainers? DigiByte (DGB), Litecoin (LTC) and Orbeon Protocol (ORBN)

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Orbeon Protocol (ORBN) offers big gains in January 2023 and beyond

Orbeon Protocol is an investment platform that allows individuals to invest in early stage businesses through the use of non-fungible tokens (NFTs). Companies can raise funds using Orbeon Protocol and engage with their community by offering reward and equity-based NFTs that are minted and fractionalized, allowing anyone to invest in brands from as low as $1.

The platform includes a launchpad, an exchange for swapping cryptocurrencies and NFTs, and an inbuilt wallet.

Orbeon Protocol’s token ORBN is currently on sale at $0.0362 with a guaranteed launch price of $0.06 in January 2023. Notably ORBN grants holders staking rewards, governance rights, and other bonuses on the ecosystem.. Market analysts are predicting that the token could go as high as $0.24 in 2023, a 60x from its initial presale price.

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Digibyte (DGB) – the oldest blockchain that you (probably) haven’t heard of

Digibyte was started in 2014 by Founder Jason Tate. Digibyte uses PoW and 5 different mining algorithms and is much faster than other blockchains. Digibyte’s unique structure means that it seems to have solved the trilemma of security, decentralization and speed/scalability.

Although the Digibyte community is strong, Digibyte didn’t raise money through an ICO, meaning there has been little to no money for marketing, which is why many crypto enthusiasts don’t know about this coin. The Digibyte blog, however, is very compelling with some extremely thoughtful content.

Digibyte (DGB) peaked on the 15th December 2022 and has been trending downwards since, though the price does show signs of stabilizing as we see lower highs but consistent lows of around $0.0079. Given its current relatively low market cap, and past performance in bull runs, (in 2017 DGB price reached an ATH of $0.129 per coin – a market capitalization of over $1.2 billion!), this could well be a coin to hodl, because the tech is well established, the community is strong and the innovations and partnerships continue.

Litecoin dips after Fed hikes but shows promise for a rally

Litecoin (LTC) was forked from Bitcoin in 2011 as a faster and cheaper alternative to BTC, and was developed by former Google and Coinbase engineer Charlie Lee, who now works full time developing Litecoin. Litecoin proved its point about cheap transactions in an Xmas tweet released on the 22nd December, showing that the average transaction fee is just fractions of a cent.

Unlike many cryptos, Litecoin was actually rising in November, but like other cryptos, was not able to sustain its bullish momentum in December, most likely due to the Fed’s hawkish interest rate hike last week.

Similarly to Bitcoin, Litecoin also experiences halving, and this is set to happen in 2023. Analysts do not share a consensus on whether this is bullish or bearish for the price, though many people do believe it is bullish with historical data pointing to bullish.

In the short term, crypto analyst Michaël van de Poppe told followers that if Litecoin (LTC) can make it past the $63 dollar range then it is likely to bounce up to $80. At time of writing Litecoin is currently trading at around $65 so this could signal a nice xmas for LTC holders and traders.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

Telegram: https://t.me/OrbeonProtocol

Disclaimer:
The views expressed on this page are those of the author and not of The Portugal News.