If you are a token holder, you should definitely check out this updated Filecoin (FIL) price prediction for 2023. Meanwhile, if the forecast is not aligned with your objectives for this year, you may want to have a look at Avalanche (AVAX), Shiba Inu (SHIB), or Orbeon Protocol (ORBN) token which has recently experienced a remarkable 2713% rally to reach its 12th presale round.
Filecoin (FIL) Price Prediction 2023
Filecoin (FIL) had a promising start thanks to its utility cases. The project aimed to revolutionize the way we store and manage our data online, decreasing costs and enhancing security.
Despite the volatility in the crypto market, Filecoin stands at a $2.4 billion market cap and is one of the most popular crypto projects. Experts estimate that FIL may reach a maximum of $8.14 in 2023. Some more conservative forecasts indicate that the average trading price will hover around $7.40.
Avalanche’s (AVAX) dApps May Turn Things Around
Avalanche (AVAX) has been struggling lately, especially as its number of new users has been decreasing. One of the strengths is the many dApps on the network, which seem to be able to attract more people to the protocol.
One such example is Trader Joe, which managed to generate a volume of $100 million on the platform during the past few weeks. Also, it triggered an increase of 22% in the number of unique wallets on the network.
Some other popular dApps on Avalanche that may contribute to spiking value are GMX and Benqi.
Shiba Inu to Break Up or Down from Descending Triangle
As is the case with many meme coins, Shiba Inu’s behavior is not so easy to predict. However, the future direction of this meme coin may depend on the broader direction of the market. For instance, the recent activity is the result of the CFTC suing Binance over violating trading and derivatives regulations.
Perhaps one of the most important developments that could push SHIB further is the much-awaited Metaverse, which is expected to launch at the end of 2023. This could trigger a massive demand for SHIB, resulting in great gains for its long-term holders.
Orbeon Protocol Records Unprecedented Rise
While some projects fight the bears, others record an unprecedented rise. Orbeon Protocol is one example, however, this crypto project is inherently different compared to AVAX, FIL, or the meme coin SHIB.
Orbeon Protocol is a crowdfunding platform that has gained popularity among both crypto enthusiasts and traditional investors. Essentially, it combines venture capital with blockchain technology to create the first crowdfunding platform in the world that takes down all the barriers to this high-return industry.
The platform has yet to launch officially, but early investors noticed its massive potential and rushed to buy the native token, ORBN, which is still on sale at a discounted price of only $0.1125. These native tokens can be used to invest in startups and early-stage businesses listed on the platform’s marketplace. Essentially, viable businesses turn their equity into NFTs, and individual investors can buy these NFTs and become fractional owners in their chosen companies for as low as $1.
Summary
The crypto market may recover some of its losses this year. If you want to grow your portfolio, you shouldn’t miss out on projects with high potential such as Orbeon Protocol, AVAX, or FIL.
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