Ethereum rival ORBSThe price recorded a parabolic rally, rising 60%, as it prepared to leave behind one of its biggest trading days in months. The altcoin is trading at $0.05746 but recorded a 289% jump in trading volume, recording $648 million in transactions overnight.
The excitement around the altcoin focuses on the prospects behind its listing on the OKX trading platform. Huobi announced that the continuous swap feature for the ORBS/USDT pair is now live.
The exchange announced that users will now have access to 20X leverage, and additional ORBS-focused products, including margin trading and savings, will also be released later. ORBS stood out as one of the hardest-hit tokens during the past crypto winter. The coin is still down over 84% from its all-time high (ATH) reached nearly three years ago.
The current situation is a testament to the optimism within its ecosystem and its desire to facilitate a revival in usage and the trading price of ORB in the long term.
While the major excitement in the market revolves around Bitcoin (BTC), Ethereum (ETH), XRP and Cardano (ADA), many low- and mid-cap altcoins are also charting revolutionary trends in their respective ecosystems.
Orbs aims to increase scalability and usability to rival Ethereum, while projects like Bad Idea AI (BAD) are redefining AI-based capabilities within the Shibarium Layer-2 protocol. Other altcoins such as Fantom (FTM), Chainlink (LINK), and Optimism (OP) are also likely helping drive the overall goal of expanding the acceptability of broader digital currency and blockchain ecosystems.