Elrond (EGLD) And Ripple (XRP) Still In The Red Zone As Bulls Have favored Orbeon Protocol (ORBN)

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The crypto market has never been the same for all cryptocurrencies. While some rise higher on the charts, others fall due to a lack of support from the market. Investors mostly put their money in those projects that are certain to grow. Hence, Orbeon Protocol (ORBN) has become the favorite of all market whales, while Elrond (EGLD) and Ripple (XRP) are still trading in the red zone.

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A recent study by Coin Kickoff revealed that Elrond (EGLD) is the most-loved cryptocurrency in Australia. As per the report, Elrond (EGLD) achieved 74.19% in the “positive tweets” metric of the research. Notably, Elrond (EGLD) recently rebranded itself as MultiverseX, indicating the formation of its metaverse. However, the positive sentiments have not been reflected in the price movement of Elrond (EGLD). 

The price of Elrond (EGLD) has fallen by 4% in the last seven days. The market capitalization of Elrond (EGLD) has declined significantly in the last week. The current trading price of Elrond (EGLD) is $45.24, which is 91.66% below its all-time high of $542.58.

As the SEC-Ripple (XRP) lawsuit is nearing its end, the token has become a hot topic of discussion among crypto enthusiasts. The crypto community has started an online campaign urging Coinbase to relist Ripple (XRP) on its exchange. Although the court is yet to pass an order, market experts are hopeful that Ripple (XRP) might win the lawsuit. But investors are still wary about Ripple’s (XRP) future. 

Subsequently, Ripple (XRP) has not witnessed any rise in its price for a few weeks. The price of Ripple (XRP) has fallen by 3% in the last week, and