Avalanche and Tron are two huge cryptocurrencies that have revolutionised the market, both supporting their own communities on their respective blockchains.. Investors looking for the next big project have shifted their attention towards Orbeon Protocol’s ORBN which is now in stage 3 of the presale, having already risen 655% from stage 1 after a surge in demand from savvy investors.
Orbeon Protocol aims to offer investors safety and continues to attract new buyers for $ORBN
In the early ICO boom of 2017, many new projects turned out to be scams. Orbeon Protocol has developed a platform which will carefully vet crypto startups seeking funding, with the aim to offer them to retail investors.
As well as closely reviewing project elements such as tokenomics, team members, ecosystem viability and token utility, Orbeon Protocol will protect smaller investors with a unique system.
Using their NFTass (NFTs as-a-service),Orbeon Protocol will allow startups to offer equity based NFTs which will then be fractionalised and offered to investors. Unlike other launchpad platforms which do not refund investors if the project doesn’t meet its funding goal, Orbeon Protocol’s NFTs have a smart contract hard coded inside, meaning that in this case all investors will be automatically refunded.
Orbeon protocol’s success is reflected in the price, the huge surge in investor confidence in Orbeon Protocol has led to Analysts predicting a 6000% increase in price during the presale. Orbeon Protocol is currently trading at $0.302 and launched at $0.004 just a few weeks ago.
Coinbase adds native support for new chains including Avalanche
On December 13th, Coinbase added the Avalanche chain to their platform, meaning that investors can trade USDC natively on Avalanche. This caused an 8% rise in price of AVAX, Avalanche’s coin. Technical analysis is showing that in the short term the bulls are winning in the Avalanche’s market. However, the 14 day RSI shows that if the price continues to rise, Avalanche may soon enter the overbought region. Avalanche is currently trading at $13.79, those hoping to see a rise to the psychological barrier of $20 for Avalanche will probably be disappointed unless the wider crypto market or global macroeconomic conditions improve.
Tron’s Stablecoin USDD Attempts to Repeg after Market Turmoil
After the collapse of Terraform labs stablecoin UST, algorithmic stablecoins such as Tron have come under scrutiny. Since the collapse of FTX, Tron’s algorithmic stablecoin has lost its peg 3 repeatedly, going as low as $0.97. Initially, Tron’s Founder Justin Sun blamed Alameda Research for selling USDD to cover their positions at FTX. The on-chain data however, shows that it was selling pressure from whales that caused the drop. Sun has repeatedly injected millions of Tron’s stablecoin TUSD to try and regain the peg, but as of today it remains at $0.985, and this uncertainty is reflected in the price of Tron. Tron’s native coin which is currently trading at around $0.055 and Tron saw an ATH of $0.3 back in 2018.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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