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Bitcoin (BTC) remains stable going into the new year and is still trading between $16,400 and $17,000. Meanwhile, Hedera (HBAR) could hit as high as $0,61 in 2023, according to experts, and newcomer Orbeon Protocol (ORBN) broke all records in December 2022, skyrocketing over 900%, and now analysts predict Orbeon Protocol (ORBN) will surge over 6,000% this year. Continue reading to find out why.
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Bitcoin (BTC) has been trading between $16,400 and $17,000 for over 10 days now and shows no sign of breaking out anytime soon. Trading volume declined slightly over the new year, and most technical analysis indicators show a neutral signal, indicating that investors shouldn’t particularly buy or sell the mother of all digital assets right now.
According to our own analysis, Bitcoin will continue to trade within the $16.5k to $17k range for now, and only when its resistance level of $17.2k gets breached by the bulls might we see a significant upswing toward $19k.
Experts are predicting Hedera (HBAR) might hit as high as $0.61 this year, but how can this happen, especially when it is now only trading for just over $0.03 per token?
Built on the open-source hashgraph distributed consensus algorithm, Hedera is a proof-of-stake network with its own blockchain, made to deploy decentralized applications. The two core services it wants to deploy later this year are the Hedera Token Service (HTS), which enables the configuration, minting, and management of NFTs on the network, and the Hedera Consensus Service (HSCS), which will track governance across real-life supply chains.
If we take these developments and
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