Bitcoin (BTC) has been on a bullish trend since 2023 began, increasing by 4.73% in the past week. As expected, altcoins are moving in the same direction. Filecoin (FIL) is up by 5.64% and Orbeon Protocol (ORBN) has rewarded investors with 1400% gains so far.
Bitcoin (BTC)
No doubt, Bitcoin (BTC) has been off to a great start in 2023, suggesting a longer crypto bull run. Bitcoin (BTC) has finally breached the $20,000 ceiling as Bitcoin’s (BTC) price hovered around $23,000 on January 31.
Macro events such as lower inflation rates from the U.S. and Europe are major drivers of the rally. After what happened with FTX, investors are pleased that Bitcoin (BTC) recoupled with macro data, despite the bad news from Gemini and Silvergate.
Therefore, 2023 appears to be a year of recovery for Bitcoin, and the asset is predicted to trade at $50,000 to $100,000 in two to three years.
Filecoin (FIL)
Filecoin (FIL), a decentralized storage network has also seen some increase in price. According to Cointelegraph, Filecoin (FIL) broke above its downtrend line on January 14. As it stands, the bulls are in control and the FIL/USDT pair could rally to $6.50. If the market continues to move in its favor, Filecoin (FIL) could reach $9 soon.
Filecoin (FIL) allows users of the network to safely store important data. Also, they earn some Filecoin (FIL) tokens when they rent out spare storage space to clients.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN), the brain-child of Lyobomyr Koval and his team, is a new crowdfunding platform that grants investors VC rewards. Orbeon Protocol (ORBN) connects real-world businesses directly with the crypto community.
Orbeon Protocol (ORBN) uses fractionalized NFTs to facilitate project funding. In essence, the protocol screens new businesses and startups for their potential, and mints equity-based NFTs for them. These NFTs are then fractionalized to enable everyday investors to own small fractions of promising companies starting from as low as $1.
Also, Orbeon Protocol (ORBN) operates the “Fill or Kill” safety mechanism to automatically return investors’ money if a project fails to meet its funding goal in the accepted time. So, investors trust the protocol to protect their funds.
Furthermore, the Orbeon ecosystem is powered by the native token, $ORBN. Users need the Orbeon Protocol (ORBN) token to buy or trade NFTs. Also, holders of the Orbeon Protocol (ORBN) token enjoy certain perks like voting rights, priority access to upcoming funding rounds, discounts on transaction fees, staking rewards, etc.
Anyone can buy ORBN tokens. And thanks to the presale, the price is currently at a discount. Now, in its 5th stage of the presale, more than half of the amount of tokens available have been sold.
Find Out More About The Orbeon Protocol Presale:
Website: https://orbeonprotocol.com/