The U.S. Securities and Exchange Commission (SEC) recently announced it will be creating tighter restrictions on cryptocurrency and in particular, cryptocurrency staking. The regulatory body has taken several projects to court, including Kraken, who have paid $30 million in charges.
This has caused a decline in the crypto market, with Bitcoin (BTC) and Ethereum (ETH) being heavily affected. Meanwhile, Orbeon Protocol (ORBN) continues to thrive despite this news, and has sold out during its latest presale stage.
Bitcoin (BTC) Decreases By 2K In Two days
Bitcoin (BTC) recently declined from $23,000 to $21,000 following the SEC’s actions, though recent price increases have taken Bitcoin (BTC) back to $22,789.20. Nonetheless, this additional regulation could have a catastrophic impact on Bitcoin (BTC), which Bitcoin (BTC) was created for the purpose of decentralized currency transfer.
Additional restrictions would undermine Bitcoin (BTC) and cause issues amongst anonymous holders, who store Bitcoin (BTC) in decentralized and physical cryptocurrency wallets.
Ethereum (ETH) Trading Volume Surges Despite SEC Crackdown
Much like Bitcoin (BTC), Ethereum (ETH) plays an extremely important role throughout the cryptocurrency market. Ethereum (ETH) is being used to build a number of decentralized applications, such as NFT projects and cryptocurrencies. Additional regulation would be bad news for Ethereum (ETH) holders who wish to remain anonymous and could cause a divide between them.
Nonetheless, even though tighter regulations could be bad news for Ethereum (ETH), the Ethereum (ETH) trading volume continues to rise. On the 15th February, daily trading volume for Ethereum (ETH) increased by 26.76%, taking it to over $9 billion. This suggests investors are still confident in Ethereum (ETH), despite increased regulation being a future possibility.
Orbeon Protocol (ORBN) Price Continues To Rise After Four Months Of Profits
While tighter regulation has impacted the entire cryptocurrency market, Orbeon Protocol (ORBN) has continued to thrive. The exciting DeFi launchpad has sold out during stage seven of its presale, and in the process, hit a new all time high of $0.0766.
Orbeon Protocol (ORBN) looks to apply DeFi technology to the real world. Focusing on the crowdfunding market, the project lets everyday DeFi investors buy shares in the hottest upcoming startups. This market is traditionally only accessible to venture capitalists, who claim that investing in startups is too risky for the average investor.
Orbeon Protocol (ORBN) overcomes this with its DeFi launchpad, in which startups can raise money by selling equity backed NFTs. Each NFT is fractionalized to limit how much investors need to spend to get involved and Orbeon Protocol (ORBN) has a built-in “Fill or Kill” mechanism. This mechanism will automatically destroy the NFT if the startup it belongs to misses its funding targets and Orbeon Protocol (ORBN) investors holding the NFTs will be fully refunded.
Currently going through stage eight of its presale, the Orbeon Protocol (ORBN) native token, ORBN, is on track to be one of the highest return investments of the year. Having already increased from $0.004 to $0.0766, analysts are predicting Orbeon Protocol (ORBN) could surge to prices of at least $0.24 before the presale ends, providing early investors with an ROI of over 6000%.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
