Ethereum (ETH) and Ripple (XRP) lose steam over Alameda collapse. Meanwhile, Orbeon Protocol (ORBN) sells out first stage presale
, 2022-11-29 23:49:33,
Ethereum (ETH) and Ripple (XRP) lose steam over Alameda collapse. Meanwhile, Orbeon Protocol (ORBN) sells out first stage presale
One of the largest and fastest-growing cryptocurrency exchanges went bankrupt last week. Ripple (XRP) had been heading upwards, but FTX’s demise immediately sent the token back down below $0,4. As of press time this morning, Ethereum’s price was back in the low $1,200s, following a similar downward pattern. Orbeon Protocol is innovating the venture capital space. ORBN entered the second phase of the presale, as experts expect returns of up to 60x.
Ethereum (ETH)
Ethereum has been titled the “king altcoin” and has undoubtedly outperformed most of the market throughout this meltdown. Ethereum has the advantage of not being involved in activities that mainly triggered this crash.
As a result, Ethereum is sure to survive this bear market collapse. ETH has been around since 2015 and survived the bear market despite a 75% drop in value.
Furthermore, despite its price decrease, Ethereum will retain more value than many altcoins, even those in the top 50, due to its considerably better market capitalization. Last week, in the immediate aftermath of the Alameda crash, the value of Ethereum fell by more than 20%. Currently, ETH is trading above the 1200 level at $1207. ETH is down four times from its all-time high as ETH failed to regain investors interest and trust post-Alamedas…
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