Although 2023 has so far been bearish for crypto, in the last week there has been a rally, with some coins faring better than others.
TRON (TRX), Ripple (XRP) and Orbeon Protocol (ORBN) have seen big price increases this January and the outcome of the impending SEC vs Ripple case could lead to even bigger price action for Ripple (XRP) but also potentially for the rest of the crypto market. Orbeon Protocol (ORBN) has entered the final stage of its presale, with tokens now available from $0.06.
TRON’s (TRX) founder Justin Sun moves money around as TRX breaks out from a 2 year resistance line
TRON (TRX) has seen some very exciting price action recently, rising from December lows of around $0.05 and currently trading today at around $0.06203 as it broke out from a 637 day resistance line. TRON (TRX) also managed to reclaim the $0.055 resistance area. These two indicators suggest that the next long term target for TRON (TRX) would be around $0.09.
Large transactions by TRON’s (TRX) founder Justin Sun, were spotted on the 19th January, with Sun cashing out almost 1 billion of USDC. Sun says he was considering buying assets from Digital Currency Group (DCG), the parent company of now bankrupt crypto lender Genesis.
Sun acquired Huobi in 2022, which was bullish for TRON (TRX) as it could reach new people, and it seems that Sun is set to keep participating in large purchases and acquisitions that may affect the TRON (TRX) price.
The fate of SEC vs Ripple (XRP) will have momentous effects on XRP and the industry
As Ripple’s (XRP) highly contentious court case draws to a close, price speculation is rife. As anyone in the crypto industry for a while knows, Ripple (XRP) was one of the currencies to make multimillionaires of many investors, as it seemed that it would be accepted by the banking industry at large. Subsequently the SEC decided that Ripple (XRP) might be a security, meaning that it would be subject in the US to various laws and restrictions, and launched an ongoing court case. Ripple (XRP) was sued by the SEC in December 2020 for using unregistered security to raise funds.
Ripple (XRP) are confident that they will win the case, as they have a lot of evidence that they believe demonstrates their innocence. Should they be successful this will surely cause the price to skyrocket, with experts predicting that Ripple (XRP) could in this case, reach $5. This may be unrealistic as at $5 per coin this would give Ripple (XRP) a market cap of around 6 trillion – six times greater than the total current market cap of crypto, but this may also be possible if Ripple’s (XRP) win helps to spell out the beginning of the mass adoption of crypto.
In December and early January, Ripple (XRP) faced lows of $0.033, today it is trading at $0.4003.
Orbeon Protocol (ORBN) brings venture capitalism into the 21st century
For too long, serious investing has been the preserve of the rich and well connected. While pretty much anyone can trade on the stock market, only VCs and angel investors have been able to purchase a stake in say Apple or Microsoft, before they ever went live on the stock market. Orbeon Protocol (ORBN) is here to disrupt that, by allowing retail investors to group together and receive reward or equity based NFTs to represent their investment.
Not only will Orbeon Protocol (ORBN) find and vet the best early stage companies, they also aim to simplify on chain activity by using NFTs, building an on ramp for fiat, and a wallet and exchange.
The Orbeon Protocol (ORBN) team have been working hard on their roadmap and report that they are way ahead of schedule, this week starting to show the platform to existing investors. Given this bullish news and because the presale sold out early with the last 8 million tokens sold in under a week, the Orbeon Protocol (ORBN) team have decided to release another 13% of the total supply for presale at $0.06. Some analysts predict that the price of Orbeon Protocol (ORBN) will go as high as $0.24 in 2023 so if they are right there is an opportunity for a huge gain.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
