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Ripple's XRP is a divisive asset within the cryptocurrency community. Many enthusiasts believe it holds the key to mass crypto adoption and could land itself in the unique position of having SEC clarity. This clarity would be verified by a ruling favorable to the tech behemoth out of San Francisco from the U.S. District Court Judge Analisa Torres. We will examine how this ruling might affect the exciting new entrant Orbeon Protocol (ORBN), which has just sold out of stage 1 of its presale with 125% gains.
Many investors argue that XRP is not a decentralized currency, which is the whole selling point of cryptocurrency. At the end of 2020, the SEC filed a lawsuit against Ripple Labs Inc and CEOs Brad Garlinghouse and Chris Larsen. They claimed other companies were not adopting the cryptocurrency for the reason it was initially created.
While the limbo continues for Garlinghouse and Larsen, American exchanges removed XRP from their offerings. This caused the price of XRP to drop from $0.58 to $0.25 in less than a week.
If the SEC does not come out on top in this case, XRP will have the clarity required to operate as a cryptocurrency on American markets again. This victory will immediately result in millions of people being able to invest and trade XRP again. In 2017, at one stage, XRP was the second biggest currency by market cap. The results could be astonishing if XRP returns to its former trading volume.
Not only will XRP see a huge increase in investment, but it will also drive an overwhelmingly positive market sentiment which will see other projects like Orbeon Protocol gain considerable momentum.
The rise of Orbeon Protocol has excited many people in the crypto universe. Orbeon Protocol's primary focus is to bridge the gap for people looking to invest in new and exciting companies. Many people wanted to get in on the ground floor of these companies but didn't have the level of funds needed to access the venture capital industry.
In years gone by, large institutional investments like hedge funds, investment banks and venture capitalists have monopolized access to this type of investment. Orbeon Protocol will challenge this model, allowing businesses to raise funds through community engagement. They can do this by using Orbeon Protocol NFTS-as-a-service (NFTaaS).
Startups operating on the protocol establish equity-based NFTs, which are traded among Orbeon users. The NFTs are then fractionalized, allowing everyday investors to back these companies with as little as $1.
Orbeon Protocol has identified a major gap in the market and has created an asset that utilizes the power of several blockchains. Their future roadmap plans to establish virtual networking events in the Metaverse. The fact is that Orbeon Protocol has created hysteria by making the process of investing in crypto so straightforward.
It isn't just a case of having the ability to invest in these companies which makes Orbeon Protocol such a lucrative proposition. Mitigating factors are also implemented within the protocol, making it such an attractive investment. For instance, the smart contract, successfully audited by Solid Proof, contains a function that automatically refunds an investor if the company fails to hit its funding target. The "Fill or Kill" mechanism, along with a liquidity pool that is locked for 10 years and various other security features help make investing in Orbeon Protocol an attractive option.
No matter what happens with the SEC-Ripple lawsuit, Orbeon Protocol's key features make it an enticing option for investors, both large and small. A positive outcome for Ripple will add momentum to the marketplace, making investment in Orbeon Protocol all the more appealing. Many commentators expect ORBN to explode in value, with some predicting returns of 6,000%.
Website: https://orbeonprotocol.com/
Telegram: https://t.me/OrbeonProtocol
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
