Despite most cryptocurrencies having lost over 90% of their value over the last couple of months, Cosmos (ATOM) and Tron (TRX) have resisted the bear market, being down around 70% and 50%, respectively. On the other hand, we have Orbeon Protocol (ORBN), which managed to skyrocket by over 980% in December 2022, and analysts are now predicting the token will surge by more than 6,000% in 2023.
Tron (TRX) Takes Second Spot in Total Value Locked
Tron (TRX) has taken the second spot in total value locked (TVL) in the entire cryptocurrency space. This is very impressive and shows that the proof-of-stake model is causing Tron holders to put their assets to work, securing the blockchain and verifying incoming transactions by staking them.
The total Tron (TRX) TVL has reached over $9,2 billion at the end of 2022, according to the TRON DAO, and the TRX price spiked by a small 1.52% because of the announcement. Additionally, Tron’s founder Justin Sun has offered to invest up to $1 billion in Digital Currency Group to save cryptocurrency exchanges Gemini and Genesis from collapsing.
As a result, a lot of digital asset investors are keeping an eye on Tron and following its movements closely, as it seems that Tron could be one of the tokens resisting the bear market, set for a breakout any time soon.
Cosmos (ATOM) EUR Stablecoin Project Unwinds – Yet up over 20%
Last Tuesday, Cosmos (ATOM) rallied to a two-month high of $11.44 as cryptocurrency prices rebounded after Wednesday’s decline. However, e-Money, a stablecoin project within the Cosmos (ATOM) ecosystem, announced that it would discontinue the issuance of its Euro-backed stablecoin EURR from March 6, 2023.
The reason for Cosmos (ATOM) to unwind its euro-pegged stablecoin project is the lack of real-world applications for blockchain technology in combination with the upcoming European MiCA legislation, which is expected to hinder the scalability of Euro-backed stablecoins and limit businesses within the sector. Despite this, Cosmos (ATOM) has seen some positive price action. Cosmos is up over 20% for the week, and many analysts forecast that Cosmos (ATOM) may perform more positively despite this rollback of the EURR stablecoin.
Cosmos (ATOM) users have until the 6th of March to redeem their EEUR by swapping their stablecoins for other digital assets like OSMO, ATOM, or USDC. Amounts over 100,000 EEUR can be redeemed directly with e-Money A/S at the e-money.com
Orbeon Protocol (ORBN) – The World’s First Crypto Crowdfunding Platform
As the world’s first crypto crowdfunding platform, Orbeon Protocol (ORBN) wants to bridge real-world businesses with the cryptocurrency community and enable users to invest in exciting and promising early-stage businesses fractionally.
Start-ups will be able to raise funds and engage with their backers by issuing equity-based and fractionalized NFTs, allowing everybody to invest in projects and brands they truly believe in from as low as $1.
Let’s say a start-up company wants to raise $100k from the public. Orbeon Protocol (ORBN) then mints 10,000 equity-backed NFTs, each representing a $10 investment in the company. Users of the Orbeon Protocol (ORBN) ecosystem can then buy these NFTs and sell them at a later date for a profit.
The maximum supply of Orbeon Protocol (ORBN) tokens is set at 888 million, and already 71 million tokens have been sold of the 40% of the total supply that is available for the general public through the pre-sale of the project. ORBN has already surged by over 980% during the presale, from $0.004 to $0.0435, with no signs of slowing down.
Find Out More About The Orbeon Protocol Presale
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