Coin prices are on the rise again, with well-established coins such as Stacks (STX) and Polkadot (DOT) showing green charts again. However, one project has caught the eye of analysts as it has already surged by 2712% – Orbeon Protocol (ORBN). Keep on reading and find out how all of these tokens will compare against each other in 2023!
Stacks (STX)
The total value locked (TVL) of Stacks (STX) is increasing, and the enthusiasm around Bitcoin Ordinals is driving up the token’s price. Later this year, the Stacks (STX) network will also receive an update to increase performance.
Stacks (STX) has a value of $1.01 with a market cap of $1.3B, a solid jump of 14.75% in the last 24 hours. Not only that, but the Stacks (STX) trading volume also sits at $309,271,131, an increase of 64% in that same time.
However, the technical analysis for Stacks (STX) paints an alarming picture of its future, as both moving averages and RSI show strong sell signals. If Stacks (STX) does not pass the resistance level of $1.3 soon, it could fall below $1 and sink to $0.6. However, analysts remain bullish for Stacks (STX) as they see it rising to $1.50 by the end of 2023.
The Orbeon Protocol (ORBN)
As an everyday investor, you probably would not be able to back the next promising startup during its early stages. Access to this investment opportunity is mainly reserved for high net worth. But not any longer; Orbeon Protocol (ORBN) aims to change this notion to its core by bridging the gap between regular investors and Tier 1 startups!
This blockchain-based investment platform will allow startups needing funding to launch financial rounds in the form of equity-based NFTs on its Launchpad. These tokens will then be fractionalized and sold partially to all investors for a price as low as $1!
To quell rug-pull fears, Orbeon Protocol (ORBN) has already obtained an audit by Solid Proof and will freeze liquidity for ten years. Moreover, a unique “Fill or Kill” mechanism will also provide fund safety as it immediately returns all investor funds if a project’s financial round is unsuccessful.
At the center of this platform is the ORBN token, now available on major exchanges worldwide. Experts predict it could hike to $0.24.
Polkadot (DOT)
In a recent blog post by Lido creator MixBytes, the staking service Lido (LDO) will end its staking program on Polkadot (DOT) and Kusama (KSM) on August 1. All Polkadot (DOT) and Kusama (KSM) assets on Lido (LDO) will also be unstaked on June 22.
However, this news has not negatively affected the Polkadot (DOT) token as it trades for $6.22, a rise of 4.45% overnight. The trading volume for Polkadot (DOT) has also increased by 7.71% in that same time and now stands at $165,131,306.
The technical analysis for Polkadot (DOT) has also been showing positive trends forming, with all technical indicators and moving averages displaying buy signals. Analysts believe this bullish trend will continue, with Polkadot (DOT) surpassing $7.44 by December 2023. Ultimately, Polkadot (DOT) has a good short-term rally in store that could attract more investors to the asset.
Find Out More About The Orbeon Protocol
Website: https://orbeonprotocol.com/
Uniswap: https://app.uniswap.org/#/swap
Telegram: https://t.me/OrbeonProtocol
Twitter: https://twitter.com/OrbeonProtocol