Polkadot price rises 10%, Uniswap price consolidates, & Orbeon Protocol continues to pump past 1987% in presale
Polkadot’s price has seen solid gains since the start of 2023, and the Manta Network parachain has just been launched. Apple’s refusal to accept Uniswap’s new crypto wallet kept the price of UNI in range. Orbeon Protocol is disrupting the DeFi space with its innovative ecosystem, up from the initial price by 1988% in stage 9 of the presale. In this article, we will explore what you need to know.
Polkadot adds Manta Network to its parachains, enabling MantaPay
Manta Network, the latest parachain project on Polkadot, provides the long-awaited on-chain privacy solution protocol that will reside on the blockchain. Manta Network features MantaPay, an on-chain multi-asset shielded pool using zkSNARK. It is a BYOT (Bring Your Own Token) model and a decentralized anonymous payment protocol that will support all the major crypto assets on Polkadot, Kusama, and more.
Zero-knowledge Proofs technology makes it possible to scale up privacy without specialized hardware. Manta Network is building a privacy utility. The network is designed to enable the privatization of other assets in crypto ecosystems, starting with Polkadot and Kusama using Polkadot cross-consensus messaging mechanisms.
Currently placed 12th on the CoinMarketCap ranking, DOT recorded $231 million in trading volume with a market cap of $7.41 billion. Despite a significant correction, DOT is still bullish when looking at the 1D timeframe. If the resistance level at around $7.86 breaks, Polkadot’s price could rally to the next major resistance around $9.48. A close below the 200-day MA on the daily chart would invalidate this short-term analysis.
Uniswap announces early access to its mobile wallet
Uniswap Labs announced the launch of its self-custody wallet, which will allow users to manage their tokens based on the Ethereum network without needing third-party services. Users will have total control over their assets directly on the blockchain, and with a user-friendly UI, the wallet makes it easy for new participants to manage their funds. According to Uniswap Labs, it has been developed with the main focus on security, using Trail of Bits for their audit.
This is one of many efforts Uniswap is making to expand and provide users with more control over their assets. The wallet is currently only available to a limited number of users and is still awaiting Apple’s approval for their App store. It is also not yet available on Android platforms. The only way to access it is to request permission from the company and then operate it through Apple’s trial software platform TestFlight.
To get access, join the early access program by following UNI’s social media, as they will drop access codes in the next two weeks.
Orbeon Protocol takes DeFi to the next level
Orbeon Protocol is a truly decentralized ecosystem that connects companies with investors. Startups can obtain funds quickly and access a large pool of potential investors using NFTs-as-a-service. This removes intermediaries and venture capitalist firms and makes the investment process accessible for everyone.
Orbeon Protocol will implement a bridge to multiple chains such as Polygon, Solana, and Binance Smart chain to ensure interoperability. The ecosystem features Orbeon Launchpad, Orbeon Swap, Orbeon Exchange, and Orbeon Wallet and plans to integrate with the metaverse.
Investors benefit from security features implemented in the smart contract, like the “Fill or Kill” mechanism, which refunds investors if a project fails to meet its financing goals. To ensure the platform remains safe and reliable, Orbeon Protocol is audited by Solid Proof. The ORBN token has seen immense gains, surpassing 1988%. Analysts predict it to soar 6000% from its initial price after presale ends.
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