The new entrant climbed to the top 100 of the cryptocurrency market on March 16 after a 75% increase overnight caused a weekly 700% increase for the Orbs blockchain enterprise project (ORBS).
The day before, Orbs was announced as the latest addition to the Moonstake wallet, which returns interest to users who bet their cryptocurrencies. The partnership between Orbs and Moonstake will also bring the couple together and increase the adoption of blockchain technology in the banking and financial industry, according to March 15. notification.
From an initial price of $ 0.168, the value of the etherea-based Orbs token increased by 75% in 24 hours and briefly reached a new all-time high of $ 0.295, according to data from CoinMarketCap.
Plowing reached new highs throughout the week, climbing to its previous peak of $ 0.04 on the way to 704% growth in seven days. Three of the top five token markets came from trading pairs against Korean won on the day of publication.
Ball was established in 2017 with main offices in Israel and focuses on buildings public, a decentralized blockchain infrastructure for use in businesses and enterprises. Orbs co-founder and CEO Daniel Peled said the partnership with Moonstake would bring more blockchain businesses in Southeast Asia and the Middle East.
Moonstake provides Proof of share rewards for eight cryptocurrencies that have reportedly yielded $ 800 million in coins since launching in Q3 2020.