If you’re looking for a blockchain-based protocol to invest in, there are countless options available. With so many projects in the market, it can be daunting to pick one – especially when each has its own set of pros and cons. In this article, we’ll compare the recently updated Orbeon Protocol (ORBN) with VeChain (VET) and Solana (SOL), and explain why investing in Orbeon Protocol (ORBN) might be your best bet in the long run.
VeChain (VET) drops by 53% in a year
On February 10, VeChain (VET) set a new benchmark when the number of its active addresses surpassed 2 million. As of this writing, there are a total of 2,041,204 addresses. However, the price of VeChain (VET) is not promising despite achieving this milestone. A bull market helped push the price of VeChain (VET) upward in January 2023, but the indicators weren’t as promising as many had hoped.
For instance, the price of VeChain (VET) on Binance decreased after initially being high, due to a surge in demand in the futures market at the beginning of the year. As an added disadvantage, the last 30 days have seen a decline in VeChain (VET) development activity, which suggests fewer developers are making an attempt to improve the network. There has been a 53% decrease in the price of VeChain (VET) over the previous year. At the time of writing, VeChain (VET) was trading at $0.00253, with a market size of nearly $1.8 billion.
Solana (SOL) price drops after suspicious whale activity
Bears have had control of the market recently, thus, the daily Solana (SOL) price analysis predicts a falling market. Recent Solana (SOL) price data reveals a robust bearish trend, as selling pressure increased during the trading day. The decline in Solana’s (SOL) value has sent its price down to $21.63 once again. This brings bad news for Solana (SOL), and its community, as the price continues to fall.
There is a possibility that prices will go down further if the current selling trend continues. Bears have the advantage in the daily Solana (SOL) price analysis projections. The possible reason for the bearish sentiment could be a sudden surge of whale activity for Solana (SOL). According to information provided by WhaleAlert, cryptocurrency whales have been found engaging in suspiciously large trades on various marketplaces.
More than 15 million SOL tokens, with a total approximate value of $328 million, have changed hands due to whale activity in the past 24 hours. Given that whales have transferred $310 million worth of Solana (SOL) tokens to a cryptocurrency exchange, it portends a price decrease for the cryptocurrency.
Orbeon Protocol’s (ORBN) price surges by 1815%
Orbeon Protocol (ORBN) provides a way for entrepreneurs to generate revenue without seeking out traditional investors like venture capital firms. Thus, Orbeon Protocol (ORBN) mints fractionalized NFTs that represent ownership in a project.
These NFTs can subsequently be purchased by investors, who can therefore take part in the expansion of a project without risking a sizable portion of their wealth. Orbeon Protocol (ORBN) puts safety first with its “Fill or Kill” feature. In the event that the fundraising effort is unsuccessful, the audited smart contract will automatically return all investor monies as soon as possible.
During the presale, all Orbeon Protocol (ORBN) tokens were purchased well before their respective phases ended. In its seventh phase of the presale, Orbeon Protocol (ORBN) has risen in value by more than 1815%, reaching its current price of $0.0766. If the same rate of increase in Orbeon Protocol’s (ORBN) token value holds, it is expected that the presale will conclude at a price of $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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