Binance Coin (BNB) and Polkadot (DOT) Lead the Crypto Market, Orbeon Protocol (ORBN) Emerges as a Top Performer with 1998% Increase During Presale

The SEC attacks Paxos and BUSD stablecoin trading, putting pressure on Binance. Acala launches EVM+ on Polkadot, opening up new possibilities. Orbeon Protocol, a community based VC, rocks the market with close to a 20x price appreciation as it enters the 9th round presale stage.

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BNB Price Increases despite negative news

Despite the Securities and Exchange Commission’s attack on BUSD, BNB’s price held up. However, it is important to note that BNB and BUSD are not directly related. The only thing they have in common is that fees to send BUSD are paid in BNB. BUSD is issued by Paxos, which halted the issuance of new BUSD and the relationship with Binance, to protect the world’s largest exchange from possible contagion. As a stablecoin, BUSD cannot deviate much from the dollar; therefore, BNB takes the hit. Some analysts argue that the attack on Paxos/BUSD is just a way for the SEC to get at Binance, as the news of the freeze on BUSD triggered fear among investors. To make matters worse, Forbes accuses Binance of practices similar to FTX, citing the transfer of $1.79 billion of stablecoin into wallets located in different exchanges as proof.

Despite all of this, BNB remains unimpressed and is trading steadily around $286 at the time of writing. Analysts agree that Binance Coin remains bullish in the long term, based on the technical analysis of the weekly chart. The resistance area around $360 would be the new target for the bulls.

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Polkadot is one of the top picks for DeFi

Polkadot’s smart contract platform enables blockchains to interact with each other in a decentralized way using parachains. The largest parachain of Polkadot by TVL (Total Value Locked) is Acala. On Friday, Acala launched the EVM+ to merge with the Ethereum Virtual Machine. This incentivizes liquidity from EVM-based platforms that choose to launch on Acala’s EVM+ layer. Additionally, DAM Finance recently launched their official stablecoin, d2O, which is deployed on Moonbeam Network, a Polkadot (DOT) parachain.

With all of these developments, DOT is expected to see a lot of demand in the coming bull market and is a top pick for investors.

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Orbeon Protocol offers large gains for investors and new businesses

Orbeon Protocol is a brand new way for startups to connect with investors and raise funds while simultaneously connecting to Web3. After evaluating the potential of new companies, equity is transferred into fractionalized NFTs, using smart contracts to automate the process, which are audited by Solid Proof. Several security features ensure the safety of investors’ funds. Implemented in the smart contracts is a “Fill or Kill” mechanism, which ensures that funds are returned to investors if a company fails to fulfill the funding target.

The Orbeon Protocol is in stage 9 of the presale, with a current price of $0.0835, a 1988% increase from the initial price of $0.004. Experts expect it to soar as high as $0.24, which would equal a 6000% gain. The official launch is planned for April 2023.

The Orbeon Protocol ecosystem enables businesses to bridge from Web2 to Web3 on a number of chains starting with Ethereum, then Polygon, Solana, and Binance Smart Chain. With this, Orbeon Protocol opens the door to the crypto industry for everybody, offering safety, accessibility, and scalability.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

 

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