Orbs Network (ORBS) Surges 60% in One Day Following Major Exchange Listings
Date: 2023-10-17 Author: Dima Zakharov Categories: BUSINESS
60% Price Surge of Orbs Network (ORBS) Token in a Day: News of Major Exchange Listings and Market Cap Growth
Sudden ORBS Price Surge:
In the last 24 hours, there has been an astonishing 60% surge in the price of the Orbs Network's native token (ORBS), with the token reaching $0.057. This remarkable price increase has captured the attention of the cryptocurrency community and investors, sparking numerous questions about the reasons behind such substantial growth.
A Month of Soaring for Orbs Network:
Over the course of a month, the price of the Orbs Network token has increased by a staggering 165.4%. This impressive growth is not limited to just one day, and price dynamics indicate that the growth is unlikely to slow down.
Market Cap Growth and Trading Volumes:
According to CoinGecko data, ORBS' market capitalization has exceeded $180 million, and trading volumes in the last 24 hours have reached nearly $56 million. These impressive figures indicate that ORBS has garnered increased interest from investors and traders.
The Role of Major Exchange Listings:
One of the main reasons for the sharp rise of ORBS has been the news of the token's listing on major cryptocurrency exchanges. Since the beginning of the month, several prominent exchanges, including OKX and Binance, have announced the listing of ORBS. These events significantly increased the token's visibility and liquidity, leading to heightened demand.
Listing Dynamics on Exchanges:
On October 11th, Arken Finance and BitMart introduced trading pairs for ORBS/USDT and ORBS/ETH.
On October 14th, the MEXC exchange added support for perpetual futures contracts for ORBS with a 20x leverage.
On October 16th, OKX announced the listing of perpetual futures contracts for the ORBS/USDT pair.
Today, Binance and Kucoin have also announced the listing of the token, providing users with the opportunity to trade perpetual futures contracts for the ORBS/USDT pair. These events significantly expanded the availability and liquidity of ORBS on various platforms.
Description of the Orbs Network Project:
Orbs Network is a public decentralized blockchain infrastructure that was launched in 2017. The project offers practical solutions for enterprises and consumer applications, functioning as a decentralized layer between Layer 1 (L1) and Layer 2 (L2) solutions.
About the Role of the ORBS Token:
ORBS is the native token based on the Proof-of-Stake (PoS) consensus, which is used for transaction fee calculations within the network and provides a reward system for validators. The token plays a vital role in the Orbs Network ecosystem, incentivizing its participants.
The combination of the above-mentioned events and factors makes the Orbs Network project and its token ORBS one of the key players in the cryptocurrency market, attracting the attention and interest of investors and traders, and likely leading to further growth and development of the project in the future.
