Place/Date: – December 7th, 2022 at 8:49 am UTC · 3 min read
Source: Orbeon Protocol
The cryptocurrency market is a rapidly growing and complex space. With so many different cryptocurrencies, it can be difficult to decide which one to invest in. Investors are always looking for the best cryptocurrency ecosystem, and notably, many are focusing on market newcomer Orbeon Protocol (ORBN) which has already seen 525% returns in presale. We’ll compare tokens like Binance (BNB), Stellar (XLM), and Orbeon Protocol (ORBN) to help you find the best crypto today.
Binance (BNB) Drops Even after Its Price Surges
Though Binance Coin (BNB) started out well in November, everything headed downhill for the bulls quickly. Many rallying coins including Binance (BNB) came to an abrupt halt with the collapse of FTX. Currently, the Binance (BNB) futures market has a bearish structure on the longer time frames. Thus, sellers will be looking for a chance to short it.
This month’s brief surge to $398 couldn’t prevent the Binance (BNB) token from flipping to bearish near the $360 level, where selling pressure had begun. The bears were not deterred by Binance’s (BNB) $300 and $260 price ranges. The Binance Coin (BNB) has dropped by 47% in a year, with an astronomical decrease of $283. Though it is a bigger-than-usual number for a token like Binance (BNB), it isn’t shocking in light of recent events.
Stellar (XLM) Drops 20% after FTX Collapse
Stellar’s (XLM) payment network runs on its cryptocurrency, the Stellar Lumen (XLM). Stellar (XLM) aims to unify the world’s financial infrastructure by providing instant and secure cross-border payments and transfers between individuals, banks, and payment systems.
However, Stellar’s (XLM) value has also dropped alongside the rest of the market following the FTX collapse. The most recent numbers show a daily loss of 0.15% for the asset. Stellar (XLM) has lost 20% in the last month. At present, Stellar (XLM) is worth $0.0893. Stellar’s (XLM) market cap is calculated to be $2.3 billion, which could also decrease soon, as per analysts.
XLM is a brand-new, high-risk asset that has been traded publicly since 2016. Thus, Stellar (XLM) is still in the process of finding its true value, resulting in fluctuation of its price that causes new lows and highs at least once a year. Additionally, the introduction of new and better tokens such as Orbeon Protocol (ORBN) could be a threat to the XLM.
Orbeon Protocol (ORBN) Backed by Its Remarkable Success
In the past, only the privileged investors had access to the world’s most innovative emerging businesses. Moreover, startup owners were restricted to only a few options to secure financial backing for startups. Orbeon Protocol (ORBN) has made it simple for businesses to gain a following and finance expansion.
Orbeon Protocol (ORBN) will make it possible for anyone to make investments in up-and-coming businesses using the investment platform. With Orbeon Protocol (ORBN), startups can issue equity-backed NFTs that can be purchased by investors for as little as $1, giving an opportunity to back promising new businesses.
Orbeon Protocol’s ecosystem runs on the ORBN token, which can be purchased in the ongoing presale for $0.021. Orbeon Protocol (ORBN)’s price is forecasted to increase by 6000% during the presale, according to market research. With more than 62 million Orbeon Protocol (ORBN) tokens sold, only a few remain available for purchase.
Find out more about the Orbeon Protocol: Presale, Website, Telegram.
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