While the likes of TRON (TRX) and Binance (BNB) face regulatory scrutiny, Orbeon Protocol (ORBN) is enjoying another price pump of 2713% as it continues to gain traction during the presale. In this article, we will examine the recent developments in the cryptocurrency sector and explain why Orbeon Protocol (ORBN) is set to explode in 2023.
TRON (TRX) burst onto the scene in 2017, quickly becoming a top-15 cryptocurrency. The TRON (TRX) economy has since grown to support more than 500 active dApps and over a dozen blockchain networks.
However, TRON (TRX) is now being investigated by the U.S. Securities and Exchange Commission (SEC). The financial regulator is reportedly looking into whether TRON (TRX) constitutes an unregistered security, which could mean its issuance was illegal.
The price of TRON (TRX) was already struggling before the news broke — down 78% down from the all-time high of $0.30 — so it’s no surprise that the SEC probe sent TRON (TRX) prices crashing further.
At the time of writing, TRON (TRX) is trading at $0.06443 and has a market capitalization of $5.8 billion. Analysts expect TRON (TRX) to return to the $0.05 support level if the SEC case is not resolved in the near future, with further downside potential if it is determined that TRON (TRX) does indeed constitute an unregistered security.
The world’s largest cryptocurrency exchange, Binance (BNB), is also being investigated by the SEC for allegedly engaging in unlicensed securities transactions.
The news sent Binance (BNB) prices tumbling from $347 to below $304. While there is still room for further downside, many investors remain bullish on Binance (BNB), citing the exchange’s robust security infrastructure and its commitment to corporate transparency as key points of strength.
At the time of writing, Binance (BNB) is trading at $317.46 and has a market capitalization of over $50 billion. Analysts expect the Binance (BNB) price to bounce back once the SEC investigation is resolved, with some predicting Binance (BNB) could reach as high as $400 in the following months.
However, if the SEC finds that Binance (BNB) has indeed violated securities regulations, its price could plummet much further. Investors should thus approach Binance (BNB) with caution in the short term, especially with the likes of Orbeon Protocol (ORBN) providing more attractive opportunities.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a trailblazing crowdfunding platform with the mission to transform how startup financing operates by converting equity into non-fungible tokens (NFTs). These NFTs are then made accessible to the wider public during presale events hosted on the Orbeon Protocol (ORBN) marketplace.
For investors, Orbeon Protocol (ORBN) presents a rare chance to participate in the early stages of up-and-coming ventures that might otherwise remain unreachable. At the same time, startups seeking capital can use Orbeon Protocol (ORBN) as an alternative to traditional venture capital channels.
Orbeon Protocol (ORBN) employs decentralized smart contracts to manage the entire process, which helps eliminate middlemen, reduce costs and expedite time-to-market. A third-party auditor, Solid Proof, has also validated the Orbeon Protocol (ORBN) robust security infrastructure.
Powering the Orbeon Protocol (ORBN) ecosystem is the native utility token, ORBN, which acts as a medium of exchange and incentivization. Holding ORBN comes with staking rewards, fee discounts, priority access to new NFTs and more.
With its sights set on reshaping the billion-dollar startup financing market, Orbeon Protocol (ORBN) is expected to witness a substantial 6,000% increase in value by June 2023. As a result, the current discounted price of $0.1125 per ORBN token in stage 12 of presale is an attractive opportunity to obtain a place in the platform’s potential future success.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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