They say that investing is simple, but it’s not easy. There’s a lot of things investors and traders have to study and understand in order to have a chance of success. This includes fundamentals such as the business model of their investment, the market in which it operates and the personnel involved, as well as technical analysis which is far more complex and involves charts, price analysis and numerous mathematical equations. However, “gut instinct” also plays a part, if only informally. All of these things together may explain why the Ethereum (ETH) price has gone up by 14% and why analysts are predicting a massive 6000% increase in the value of Orbeon Protocol (ORBN) resulting from the bullish conditions created by Ethereum’s price action.
Ethereum (ETH) appears to be an autumn favourite
Ethereum (ETH) is enjoying a very good month. According to the daily chart, Ethereum increased by a solid 14% to up to a high for the week of $1,554 on October 26, according to data from Binance. Although Bitcoin also enjoyed a bounce, its week-to-date gains are only 6%, looking like ETH is leaving BTC trailing in its wake, at least for now.
On October 26, the ETH/BTC pair increased by around 8%, reaching a high of 0.075 BTC. Since October 24, the United States stock market has been on a winning streak, and this increase across the main crypto assets has coincided with it. This took place at around the same time as a fall in the US dollar index. Since March 2020, it has regularly traded in opposition to the cryptocurrency market, i.e., when the dollar index goes down, the crypto market goes up and vice versa.
Whether through technical analysis, fundamentals or sheer gut instinct, investors are clearly liking Ethereum this autumn.
Orbeon Protocol (ORBN) is so much more than just a coin
Orbeon Protocol is poised to take the world by storm, and not just the crypto world. Orbeon brings together innovative, young companies looking for investors with the wider investing community looking for exciting business opportunities in which they can invest. If a startup chooses to use Orbeon Protocol to raise capital, Orbeon will create unique fractionalized NFTs which will then be made available for purchase for as low as $1. Investors can then purchase these NFTs and thereby take a stake in the company directly.
Moreover, Orbeon provides a platform where companies and their investors can actually interact with each other directly and without the need for intermediaries, thus creating a real investment and business community.
Orbeon’s native coin, ORBN, is now available in presale and the current value is $0.004. However, due to the immense bonuses and benefits ORBN provides holders such as staking bonuses and governance rights, analysts are confidently predicting that it won’t stay at that price for long. In fact, they are forecasting a rise in price of 6000% to $0.24 by the time the presale closes in January 2023.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
