The crypto industry seems to be in a state of flux this week, and the news coming out of various corners of the blockchain world is indicative of that. Orbeon Protocol (ORBN) has made headlines as it skyrockets during its presale, while Binance Coin (BNB) and Ripple (XRP) face increased pressure from the US Securities and Exchange Commission (SEC).
Binance Coin (BNB)
Binance Coin (BNB) is one of the world’s leading cryptocurrency exchanges, founded in 2017 by Changpeng Zhao. Binance Coin (BNB) quickly became a go-to destination for investors looking to trade cryptocurrencies and has since grown to become a top choice for digital currency investments.
BNB is also used as a base currency on Binance Coin (BNB) for trading with other cryptocurrencies, and it can be traded on many other exchanges as well. Holding BNB tokens also grants users access to special features on Binance Coin (BNB), such as discounts on trading fees and access to exclusive events.
Binance Coin (BNB) has expanded its offering to include a range of other products, including an NFT marketplace, DEX and stablecoin. However, this has landed Binance Coin (BNB) in hot water with the US SEC, as the regulator has accused Binance of selling unregistered securities.
While this won’t be the end for Binance, the SEC investigation will likely prevent Binance from expanding in the US market. Binance Coin (BNB) investors should be cautious as the outcome of this investigation could have a big impact on BNB’s price in the short term.
Ripple (XRP)
Ripple (XRP) is a digital currency and payment network that was created to facilitate fast and secure international transactions. Ripple (XRP) was launched in 2012 by Ripple Labs Inc., a San Francisco-based technology company.
Ripple (XRP) is built on a decentralized ledger called the XRP Ledger, which is maintained by a network of independent nodes that validate transactions and maintain the ledger. Ripple (XRP) transactions are settled in less than 5 seconds, compared to up to 3-5 days for traditional payment systems.
While Ripple (XRP) got off to a flying start and was a top-3 cryptocurrency for many years, Ripple (XRP) was stopped in its tracks in 2020 when the US SEC announced that it was investigating Ripple (XRP) for possible violations of federal securities law.
Ripple (XRP) has since been battling the SEC in court and its future remains uncertain, as a negative ruling could see Ripple (XRP) delisted from exchanges and investors incur major losses.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) offers a unique and innovative approach to crowdfunding by allowing the tokenization of equity into NFTs. This feature provides investors on Orbeon Protocol (ORBN) with an opportunity to invest in unicorn startups for as little as $1 while providing greater transparency and accountability.
For startups looking to raise capital, Orbeon Protocol (ORBN) allows them to tap into a global investor base that is eager to invest in the latest and greatest projects. This means startups can use Orbeon Protocol (ORBN) to build a loyal community of investors and token holders who are invested in their success.
To further decentralize the process and empower users, Orbeon Protocol (ORBN) uses smart contracts to automate many of the tasks involved in fundraising. This also removes the need for middlemen on Orbeon Protocol (ORBN) and reduces the cost of fundraising significantly.
Orbeon Protocol (ORBN) is currently in its presale phase and has already seen immense success, with token prices rising by more than 1987% since its launch. This strong performance is likely to attract more attention and interest from investors, further driving up the price of ORBN during the Orbeon Protocol (ORBN) presale.
Find Out More About The Orbeon Protocol Presale
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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