Orbeon Protocol (ORBN) Set to Explode: Monero (XMR) and Binance Coin (BNB) Falling
•Monero (XMR) and Binance Coin (BNB) have been underperforming recently.
•The Dubai Virtual Asset Regulatory Authority (VARA) declared anonymous cryptocurrencies like Monero (XMR) illegal, causing its price to decrease by 6.8%.
•Orbeon Protocol (ORBN), a market disruptor currently in stage 8 of its presale, is set to explode soon.
This article discusses the current states of two prominent coins – Monero (XMR) and Binance Coin (BNB), as well as the potential for a new project named Orbeon Protocol (ORBN). It outlines recent developments in these coins, their prices, and what analysts predict for their future performance.
Monero (XMR) was created to give individuals more anonymity and safety by utilizing the CryptoNote system. Recently, however, it was declared illegal by the Dubai Virtual Asset Regulatory Authority (VARA), causing its coin price to decrease by 6.8% in the past week. At the moment, Monero (XMR) is trading at $150.79 with a market cap of $2.7 billion and its trading volume has decreased 10% in 24 hours. Analysts remain long-term bearish on Monero’s performance and predict it will reach its support level of $150 soon.
Binance Coin (BNB)
Binance Coin (BNB) is used to cover transaction fees on the Binance exchange and operates on the Ethereum network using ERC-20 protocol standards. The suspension of USD bank transfers at the beginning of February caused a drop in Binance Coin’s price from $346 to $304 today; its trading volume also decreased 9% in 24 hours making it likely that it will sink further below $305 if this trend continues unchecked.
Orbeon Protocol (ORBN)
Orbeon Protocol is an investment platform that allows investors to purchase equity into startups with tremendous growth potential for very affordable prices through equity-backed fractionalized non-fungible tokens using crowdfunding methods that benefit both investors and companies alike – all while being only in stage 8 of its pre-sale! This could be a game changer for venture capital and crowdfunding sectors when it launches fully soon enough!
It appears that though Monero(XMR)and Binance Coin(BNB)are currently underperforming due to certain regulatory changes affecting them respectively; there may still be hope yet as Orbeon Protocol(ORBN)’s upcoming launch could be just what these markets need – A disruptive force capable of positively impacting both venture capital & crowdfunding sectors!