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Cryptocurrency is rapidly rising to become more and more useful and valuable as time goes by. What was once a hobby now has the potential to soon change how our banking, finance, and currencies work around the world. The incredible surge in crypto’s popularity has led many people to invest in new forms of digital currency.
However, as with every new technology, service, or product, crypto faces its fair set of challenges, among which slow adoption is a major factor. Some people are unsure or scared of entering a new era and leaving behind the traditional way of doing things. However, this might be changing soon. The story of Orbit CEO Monk may be a new reason to inspire many to dive into the crypto world.
French-born Monk grew up in Germany, where he also went to school. After this, Monk went on to attend boarding school in Switzerland, where he started to grow as a person and develop to be responsible. Monk finally completed his formal education in France and got a master’s degree in business management and strategy. While all this was well, the pandemic hit.
With the chaos caused by the pandemic, Monk lost his job in Berlin as a waiter and realized he needed to do something, or this would be it. He couldn’t let the pandemic or its effects take him down. Monk dived into crypto and started trading, so it didn’t take long for him to realize that he was rather good at it, and he saw his passion come to life. In just a short while, Monk ended up launching the rather special and extremely successful BabyCake reflection coin. This was when Monk knew this was the industry for him, and he focused all his attention and efforts towards it.
In just 2 months, Monk became a multi-millionaire and started his own decentralized crypto trading platform called Andromeda. He paid off his debt, and Monk finally started a new life, making it from nothing. Monk further went on and skyrocketed the market capitulation of his company from USD 5,000 to a staggering USD 20 million upon launching his second brand, Orbit.
Monk mentions that one of the problems that crypto as an industry faces today is the slow rate of adoption because people might be unsure, scared, or simply confused about how trading works.
He has now worked on this issue, and once his project goes live, it will make it easier and simpler for people to trade on his platform. By offering them a launchpad, Orbit will let its users invest in new projects. And while that happens, Orbit will give them access to their trading community, allowing the users to take maximum advantage of their trading position.
When it comes to giving advice, Monk says that the best thing you can do is just go for it. He says not to listen to anyone and make it happen yourself. For those thinking of entering this industry, these words from Monk may be worth taking a note of.
Source: Crypto News