The price of Ripple (XRP) has been wavering in the past months, largely due to its ongoing legal battle with the SEC. However, new developments suggest that Ripple may be able to get a victory in the case.
Meanwhile, Orbeon Protocol (ORBN) surged by an eye-popping 1400% so far in its presale. This token has significantly outperformed most established players in the market.
Ripple (XRP) is a major crypto player in the digital payments space. Created in 2012, Ripple was an open-source protocol for secure, fast, and low-cost transactions for institutions.
Over the years, Ripple has grown to become an industry leader in providing cross-border payments.
However, Ripple saw a major hurdle in its legal battle with the US Securities and Exchange Commission (SEC). The regulator has accused Ripple of conducting an unregistered security offering when it sold its XRP tokens.
Recent developments suggest that Ripple may be able to get a victory in the case. The new Ripple CEO Monica Long says she is optimistic about the result. Moreover, she believes that the lawsuit, whatever it is, will help remove uncertainty from Ripple.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized venture capital and crowdsourcing platform. ORBN seeks to democratize the capital market, allowing anyone to participate.
For startups, Orbeon provides access to venture capital funds and crowdfunding around the world. For investors, it enables access to early-stage opportunities that were so far available only to a few.
Orbeon will allow people to invest no matter how much money they have. This will have a major democratizing effect on investing. Its technology is leveling the playing field between retail investors and venture capital.
The platform uses equity-backed, fractionalized NFTs as a form of investment, allowing startups to mint and issue their equity to everyday investors with as little as $1. This allows anyone to access the venture capital industry with comparatively low amounts of capital.
Investors can be sure that their transactions are on the blockchain. Moreover, Orbeon has specific safety measures, including automatic reimbursement if startups don’t meet their goals.
So far, ORBN has seen an incredible surge in its presale and is up 1400%. If the presale buzz continues, the token could jump 6000% by the end of it. It remains to be seen how the token will perform in the future but it definitely is off to a great start.
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