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With the current slump in the cryptocurrency industry, most tokens are either dropping or experiencing stagnant prices.

The good news, however, is that not all is lost as there are still a few projects doing very well out there. Good examples include FileCoin (FIL) and Orbeon Protocol (ORBN). The two coins are set for huge gains in 2023.

Orbeon Protocol, for instance, is in phase 3 of its presale and continues to attract investors with massive price hikes. The price of ORBN is even predicted to rise by 6000% by the end of its presale. FileCoin (FIL) is also expected to have a good year in 2023.

Let’s examine each of the two coins further.

What Does the Future Hold for FileCoin (FIL)?

FileCoin (FIL) is becoming a more attractive option for most investors especially given its affordable price. It also presents more useful technology and utility.

So, what exactly does FileCoin (FIL) offer?

FileCoin is a blockchain-based open-source cloud storage system. The platform allows users to store important data in a more secure and convenient way. It first began in 2014 as an Interplanetary File System, IPFS, which is a peer-to-peer data storage network.

FileCoin mainnet launched in 2020 after an ICO that raised $205. The system uses blockchain technology to store data sent by its users.

You can store anything in FileCoin, including company files and NFTs. The best thing about FileCoin technology is that while the records can easily be retrieved by the system’s users, the information cannot be changed or erased as it is part of the network’s blockchain.

FileCoin secures its users’ data using a distributed ledger. Its native token is FIL that powers the operations of the network and in rewarding miners for their input.

As data storage becomes a key consideration for both companies and individuals, FileCoin (FIL) will continue to gain more popularity and acceptance.

The company recently announced that it will be launching the FileCoin Virtual Machine EVM runtime in February of 2023. This will be another groundbreaking update in its network, which is why many crypto investors are keeping a close eye on FileCoin.

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Orbeon Protocol (ORBN) Set for Massive Gains in Its Presale

Orbeon Protocol (ORBN) is another project that is set to grow huge in 2023. The platform’s native token, ORBN, has been seeing massive gains in its presale stage despite the ongoing crypto winter and the FTX crisis that almost crippled most of the major cryptocurrencies.

Orbeon Protocol (ORBN) is an investment platform on the blockchain that is changing the trillion dollar venture capital and crowdfunding sectors in ways that have never been seen before.

Orbeon Protocol (ORBN) has created a platform where regular investors get an opportunity to buy into promising and vetted startups in the real world. Orbeon Protocol (ORBN) does this using its fractionalized NFTs-as-a-service that allows anyone to invest in a company for as low as a dollar.

ORBN is the native token of the platform and will be used for cashback rewards, staking, governance voting rights and much more. The presale has so far been quite successful and industry experts predict the price of Orbeon Protocol to increase by 6000% before it concludes in January 2023.

Find Out More About the Orbeon Protocol Presale:

Website: https://orbeonprotocol.com/

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

Telegram: https://t.me/OrbeonProtocol

Uber and Lyft drivers in New York will have to wait for another time to implement increases in ride-hailing rates, as a court has blocked their earlier attempt.

The ruling came following a suit by Uber in December, challenging the city’s Taxi & Limousine Commission (TLC)’s decision to hike ride rates. Uber claimed the Commission used a flawed methodology to determine the per-minute and per-mile rate increases.

In his ruling, Manhattan state court Justice Arthur Engoron, who according to Bloomberg was a taxi driver in his college days, agreed with Uber.

“It’s just not enough to say there’s inflation and 100 drivers said gas prices shot up,” he said.

Uber and Lyft drivers across the US have for long clamored for better pay and improved welfare, with the drivers going to court seeking to be declassified as independent contractors in some states like California.

In November, the TLC unanimously approved the city’s first metered fare increases in a decade, including for ridesharing trips, per Engadget. The new meter increased per-minute rates by 7.4 percent and per-mile rates by 24 percent.

This means, under the new metered fares, a 30 minutes trip that covers 7.5 miles would have earned a ridesharing driver at least $27.15, an increase of more than $2.50 compared with current rates, according to Engadget.

Uber filed a suit seeking to stop the Commission from implementing the rate hikes before its due date of December 19th. In its argument, the ride-hailing giant said the increases would result in higher ride rates for its customers, which will harm the company’s reputation. A judge temporarily restrained the hikes from going into effect.

“Drivers do critical work and deserve to be paid fairly, but rates should be calculated in a way that is transparent, consistent and predictable. Existing TLC rules continue to provide for an annual review tied to the rate of inflation, which will take place in March,” Uber spokesperson Josh Gold told Bloomberg.

Uber said, according to Engadget, that implementing the pay raise would cost it between $21 million and $23 million per month, a huge financial responsibility for the ride-hailing giant that has been dealing with quarterly revenue losses. Uber reported a net loss of $1.2 billion for the third quarter 2022.

Bhairavi Desai, executive director of The New York Taxi Workers Alliance, told Engadget in a statement that the drivers will not rest until the raise is implemented.

“We call on the Taxi and Limousine Commission to immediately redo the rules so drivers do not have to wait one day longer for their raise. A few missing words in a Statement of Basis and Purpose does not justify denying a raise meant to help thousands of drivers pay their rent and put food on the table for their families

“Shame on Uber for spending millions on this heartless lawsuit only to deny drivers an increase of $1.66 more on an average trip. Uber woke a sleeping giant. This raise belongs to the drivers and we will not rest until it’s back in our hands,” he said.