As expected, the crypto market never disappoints with its twists and turns. Orbeon Protocol (ORBN) continues to make headway in its presales, rising over 1675% in weeks, earning more ROI. As the token continues to soar on the crypto scene, its counterpart Tron (TRX), struggles to maintain its value. Bitcoin (BTC), on the other hand, appears to be regaining its footing as its price hovers above $23k.
Orbeon Protocol (ORBN) Earns Holders More ROI
Orbeon protocol (ORBN) is a reinvented crowdfunding and venture capital platform. Because the platform incorporates blockchain technology, Orbeon Protocol (ORBN) can tokenize equity into NFTs and sell them directly for as little as $1.
But that’s not all. Orbeon Protocol (ORBN) bridges the gap between startups and investors. So, by using Orbeon Protocol (ORBN), startups no longer need to go through the lengthy and expensive process of venture capital financing. Instead, they can quickly raise funds from investors all over the world.
Orbeon Protocol (ORBN) has seen great success in its presales, raising millions in funds, which translates to more ROI for investors. Stage 5 of presales is ongoing; as of press time, 1,731,664 tokens had been sold. ORBN is well on its way to achieving the 6000% target, as predicted by market experts. But given how unpredictable the crypto market is, we’ll have to wait and see.
Bitcoin Hovers Above $23k
As of the first week of the month, Bitcoin (BTC) was trading at around $16k; however, it has managed to ascend from its previous values, rising above $23k. Bitcoin, the number one ranked crypto according to CoinMarketCap, currently trades for $$23,230.89. Bitcoin (BTC)’s price has fallen 1.34% in the last 24 hours. Although trading volume was up by 22.81%, the same cannot be said for Bitcoin’s market cap, which is down by 1.35% at $447,702,760,105.
As Bitcoin (BTC) continues to hover over this price point, many wonders if this signals positive things to come. In offering their opinions, some analysts still have reservations about Bitcoin (BTC)’s short-term prospects even as it hovers above $23k. Analysts’ scepticism highlights the persistent fragility of cryptocurrency markets, the industry as a whole, and broader economic conditions. It also acknowledges investors’ ability to capitalize on opportunities this year following this month’s more bullish inflation reports. The market will, however, keep an optimistic eye on the Bitcoin (BTC) situation as the day goes by.
Tron (TRX) Struggles to stay afloat
It goes without saying that the crypto market is highly unpredictable. Regardless, many cryptocurrencies have had a good run so far in the past weeks. It’s interesting to note, however, that the bullish run most coins are currently on doesn’t transcend to every coin in the market. A coin that unfortunately falls into this category is Tron (TRX), once one of the top crypto-assets in the leaderboard.
The woes of Tron continue as it struggles to stay afloat in a volatile crypto market. Currently priced at $0.062573D, Tron’s (TRX) price action continues to dwindle. As of the time of writing, Tron (TRX)’s price within the last 24 hours was down by 2.70%. Furthermore, its market cap, which currently sits at $5,727,327,400, is also down by 2.14%. Indeed, Tron (TRX) faces an uncertain future, as such metrics go to show a coin struggling to maintain its value.
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