2023 kickstarted one of the most profitable market movements in crypto history. A majority of tokens that reached all-time lows in 2022, gained majorly in less than 20 days of the new year. However, sudden price gains usually lead to declines because of selling pressure, price corrections, and much more. In this article, we’ll talk about three highly-traded tokens – Ethereum (ETH), Litecoin (LTC), and Orbeon Protocol (ORBN). While Orbeon Protocol (ORBN) is a newly launched token, it is taking over Ethereum (ETH) and Litecoin (LTC) quickly. Read ahead to know more.
Litecoin (LTC) drops off right after a week of highs
Litecoin’s (LTC) position as the third most valuable cryptocurrency by market cap has persisted for a considerable time. Litecoin (LTC) has been around for more than nine years, and it has been successful for the vast majority of that time. Recent price analyses have focused on how Litecoin’s value has “dropped off” more than expected. Litecoin’s (LTC) value has decreased by 1.04% over the previous week. Since yesterday, Litecoin’s (LTC) price has dropped by 3.41%. Additionally, Litecoin (LTC) has dropped in value from its all-time high of $412.96 to its current price of $82.92. Although Litecoin’s (LTC) long-term forecast was expected to be good, crypto experts advise users to keep an eye on a number of better, much more successful coins, which have emerged in the past year and have achieved extraordinary performance, such as Orbeon Protocol (ORBN).
Ethereum (ETH) fails to go above its support barrier
According to today’s Ethereum price assessment, ETH prices have been on a downward trend for the last few hours as sellers have strengthened their grip on the market. Ethereum (ETH) traded above $1,500 for the first time since the start of 2023, reaching $1,563. However, crypto analysts are skeptical that Ethereum (ETH) will continue to rise in the next few weeks. Ethereum’s (ETH) price dropped to $1,544, breaking the $1,509 support barrier. One of the key reasons why Ethereum’s (ETH) value has decreased and fallen to $1,500 is that it has struggled to break past the $1600 double-top resistance zone. Selling pressure from whales cashing in on their assets has intensified the Ethereum (ETH) price drop. The gloomy atmosphere in the cryptocurrency markets, as traders flee to safer assets, is also dragging on ETH prices.
Orbeon Protocol (ORBN) to rise to $0.24 soon
Despite being a relatively new cryptocurrency, Orbeon Protocol (ORBN) has gained substantial appeal. Orbeon Protocol (ORBN), a blockchain-based investment platform, seeks to disrupt the conventional venture capital business. Orbeon Protocol’s (ORBN) platform is beneficial for both new enterprises and established investors. Orbeon Protocol (ORBN) enables the minting and issuing of NFTs backed by equity to facilitate startup funding. Orbeon Protocol’s (ORBN) fractionalization procedure has made investments in NFTs accessible to a greater number of individuals. Additionally, the “Fill or Kill” safety feature of Orbeon Protocol (ORBN) is attractive for investors. If a company fails to raise the required capital by a given deadline, Orbeon Protocol’s (ORBN) smart contract will automatically refund the funds to the investors. Orbeon Protocol (ORBN) has grown multifold since its first presale phase. The price of Orbeon Protocol (ORBN) is anticipated to reach $0.24 by the conclusion of the last presale round, and has the potential to increase substantially in the future.
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