One of the largest and fastest-growing cryptocurrency exchanges went bankrupt last week. Ripple (XRP) had been heading upwards, but FTX’s demise immediately sent the token back down below $0,4. As of press time this morning, Ethereum’s price was back in the low $1,200s, following a similar downward pattern. Orbeon Protocol is innovating the venture capital space. ORBN entered the second phase of the presale, as experts expect returns of up to 60x.
Ethereum has been titled the “king altcoin” and has undoubtedly outperformed most of the market throughout this meltdown. Ethereum has the advantage of not being involved in activities that mainly triggered this crash.
As a result, Ethereum is sure to survive this bear market collapse. ETH has been around since 2015 and survived the bear market despite a 75% drop in value.
Furthermore, despite its price decrease, Ethereum will retain more value than many altcoins, even those in the top 50, due to its considerably better market capitalization. Last week, in the immediate aftermath of the Alameda crash, the value of Ethereum fell by more than 20%. Currently, ETH is trading above the 1200 level at $1207. ETH is down four times from its all-time high as ETH failed to regain investors interest and trust post-Alamedas crash.
Ripple is a cryptocurrency payments technology that was founded in 2012. It seeks to establish a global payment system that is rapid, safe, and efficient. Its advantages include low cost, fast processing, scalability, and a reduced carbon footprint.
However, Ripple is facing an uphill battle as it attempts to defend itself against the Securities and Exchange Commission of the United States (SEC). The Securities and Exchange Commission (SEC) has launched a complaint against Ripple, saying that the business violated federal securities laws by selling unregistered digital assets.
Ripple (XRP) was also heavily impacted by the Alamedas crash, falling more than 22% weekly. Investors are looking for a way out of Ripple (XRP) as trade volumes have dropped 33%, and the coin’s market valuation continues to fall.
Orbeon Protocol (ORBN)
Orbeon Protocol is a platform that allows anybody to invest in firms that could be the next unicorns. Indeed, investing in early-stage business startups can be challenging for small investors, and entrepreneurs frequently require assistance obtaining funding. Orbeon Protocol is a bridge between the two.
Investors can support intriguing new ideas for as little as $1, and Orbeon Protocol’s NFTs-as-a-Service platform enables companies to build a community around their opportunities seamlessly.
Furthermore, Orbeon Protocol will support many chains. As a result, customers can trade across various blockchains on a single platform, lowering expenses. Orbeon Protocol’s native token, OBRN, supports the Orbeon ecosystem. Holders of this token will have a say in the platform’s decision-making processes. Orbeon Protocol also allows users to stake their tokens to make a passive income.
Furthermore, Orbeon Protocol includes several security elements as part of its offering. These features include a “fill or kill” method that assures users are repaid if a firm they back fails to fulfill its financing targets.
It is worth noting that the Orbeon Protocol is currently in its second presale stage. ORBN is currently trading at $0.014.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.