The crypto market is so volatile that even the biggest cryptocurrencies can have unexpected price falls, and bullish times can turn bearish in a blink. Such is the case with Cosmos (ATOM) and Binance (BNB). Both tokens started out well in 2023, but they’re now facing declines, especially after Orbeon Protocol (ORBN) has gained traction. Orbeon Protocol (ORBN) is a new cryptocurrency that has taken crypto space by storm. In this article, we will discuss the recent updates of Cosmos (ATOM), Binance (BNB) and Orbeon Protocol, and why ORBN is rising higher than the rest.
Cosmos (ATOM) down by almost 5% in 24 hours
Cosmos (ATOM) is a network ecosystem that allows blockchains to interact with one another, and share information for improved scalability and compatibility. The price of Cosmos (ATOM) surged dramatically over the past month. In the previous week, Cosmos (ATOM) has fluctuated between $11.31 and $13.43. However, an analysis of the previous 24 hours of Cosmos pricing reveals that ATOM has fallen below the $10 resistance level. In the past day, Cosmos’ (ATOM) price has dropped by 4.98%. Cosmos (ATOM) is currently trading at a 73.83% decline from its all-time high of $44.70, and is expected to fall further. As per experts, a potential cause of further decline is the current voting system’s inability to accommodate future growth. Moreover, Cosmos’ (ATOM) staking time frame of 21 days is comparatively very small and thus, investors can only earn short-term benefits. For Cosmos (ATOM) to expand exponentially in the future, its ecosystem will require a number of modifications.
Bears take hold of Binance (BNB)
In the previous week, Binance Coin (BNB) surged by almost 13%. There was a massive increase of 80% in the daily trading volume of the token during this time frame. Additionally, the 12% increase in market valuation is a direct result of the rise in Binance’s (BNB) token price. However, the price of Binance Coin (BNB) has fallen by 1.26% in the past 24 hours as the cryptocurrency market experienced selling pressure. Binance Coin (BNB) has gone below its support price at $296 on the hourly chart, and is falling further. A continued decline to around $290 seems like the most likely outcome here. The bears have control of the Binance (BNB) market, and are expected to keep their momentum going. Thus, the Binance (BNB) community is bracing for a further devaluation in the days ahead. Thus, it looks like the bears are making solid ground and could soon completely overwhelm the Binance (BNB) market.
Orbeon Protocol (ORBN) rises by 987%
Orbeon Protocol (ORBN) has achieved significant popularity despite being a relatively new cryptocurrency. The goal of Orbeon Protocol (ORBN), a blockchain-based investment platform, is to shake up the traditional venture capital industry. Both new businesses, and regular investors can gain from using Orbeon Protocol’s (ORBN) platform. To facilitate the funding of startups, Orbeon Protocol (ORBN) allows for the minting and issuance of NFTs backed by equity. Investment in NFTs is accessible to more people because of the fractionalization process followed by Orbeon Protocol (ORBN). Additionally, Orbeon Protocol’s (ORBN) “Fill or Kill” safety feature is another advantage. If a company fails to raise the necessary funding by a specified date, Orbeon Protocol’s (ORBN) smart contract’s built-in mechanism will automatically return the money to the investors. By the time the final presale round concludes, Orbeon Protocol’s (ORBN) price is expected to reach highs of $0.24.
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