The cryptocurrency market has been experiencing fluctuations, and some tokens have been in the news for the right or wrong reasons. Avalanche (AVAX), Tron (TRX), and Orbeon Protocol (ORBN) are among the tokens that have been making headlines lately with its tremendous price surge over 2000%, In this article, we’ll delve into the latest news and market updates for these tokens.
Avalanche (AVAX)
Avalanche (AVAX) is a decentralized platform that enables developers to launch smart contracts and decentralized applications (dApps). Recently, the platform suffered a brief network outage that lasted for about an hour. This was due to a bug in the blockchain’s consensus mechanism, which caused a halt in the network’s transaction processing.
However, the Avalanche team worked quickly to fix the issue, and the network was back up and running. Despite the setback, Avalanche’s price prediction remains positive. According to some analysts, the token’s price could surge by up to 260% in the coming months.
Tron (TRX)
Tron is an ambitious project that aims to take on big tech. However, the project and its founder, Justin Sun, have been in the news recently for the wrong reasons.
As an all-in-one smart contract platform, Tron aims to create a decentralized internet. Tron strongly focused on the entertainment industry, aiming to empower creators. The platform wanted to be an alternative to big tech firms like Google and Apple, giving creators a better deal.
Tron’s mission could soon come into question because of legal troubles. The US Securities and Exchange Commission (SEC) has sued Sun for allegedly conducting an illegal securities offering. The SEC specifically mentioned Tron in its lawsuit, together with other Justin Sun entities.
This news has led to a drop in Tron’s price, and the token’s future looks uncertain. It remains to be seen how the lawsuit will impact the platform and the token in the long term.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is an investment platform that enables anyone to invest in some of the most exciting and promising early-stage businesses. The platform allows startups to offer reward and equity-based NFTs, which are then fractionalized, enabling users to invest from as little as $1.
The token has been in the news recently for its successful presale. According to analysts, the token’s price could rise by up to 6,000% during the presale to $0.24. The presale is ongoing, and the token has a total supply of 888,000,000, with only 40% of the tokens available for public presale.
Orbeon Protocol’s ecosystem includes a launchpad, a swap platform, and much more. Of course, there’s the Orbeon Exchange, enabling businesses to raise capital via reward-based or equity-based NFTs. Its wallet enables users to buy, exchange, and hold cryptocurrencies and NFTs all in one place
ORBN token offers holders staking, governance, discounts on trading fees and cashback rewards. Holders also have priority access to up-and-coming funding rounds, and access to exclusive investor groups.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
