Cryptocurrency prices are in free fall this week, led by Bitcoin (BTC) and Solana (SOL). However, there are some bright spots in the sea of red, including Orbeon Protocol (ORBN). ORBN quickly sold out in Phase 2 of the public pre-sale with an estimated return of 60x. So what is the reasoning behind ORBN’s relative strength?
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Orbeon Protocol (ORBN)
Being one of the first to invest in a startup often reaps the biggest rewards. However, seed rounds are complex and require significant investment. This is where the Orbeon Protocol (ORBN) comes in. The Orbeon Protocol provides an easy way to invest in early-stage startups without expensive seed rounds or venture capital funding.
Equity-based NFTs are key to the success of the Orbeon Protocol (ORBN). The Orbeon Protocol allows startups to raise capital without traditional venture capital funding, as they can be minted into fragmented, equity-backed NFTs that everyday investors can buy for as little as $1.
ORBN is the native token of Orbeon (ORBN) and is used to pay for services on the platform. It also benefits holders as they receive reduced transaction fees, exclusive investments, staking rewards, and other exclusive benefits.
ORBN quickly sold out in the second phase of the public pre-sale. This shows that investors see the Orbeon Protocol (ORBN) as an alternative to the plummeting prices of Bitcoin (BTC) and Solana (SOL). According to market analysts, with the price of ORBN set to surge over 6,000%, now might be a good time to get in at a lower price before the price spikes.
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Solana (SOL) is a high-performance blockchain platform designed to provide a secure and efficient environment for decentralized applications. The Solana network is designed to handle thousands of transactions per second to support the most demanding applications.
Since its inception in 2020, Solana (SOL) has rapidly emerged as one of the most used Layer 1 protocols. Solana has been adopted by many projects, including decentralized finance (DeFi) platform Serum and gaming-focused blockchain NFTX.
However, Solana has come under heavy selling pressure over the past week due to the insolvency of FTX, the largest backer of the SOL token. This affected the entire cryptocurrency industry, but the Solana (SOL) ecosystem was hit especially hard.
In fact, Bitcoin (BTC) needs no introduction as it is the most widely used and accepted cryptocurrency in the world. It is also the largest and oldest cryptocurrency asset with a current market cap of over $300 billion.
Bitcoin (BTC) surged to new all-time highs in 2020, with prices peaking at $68,000 per coin. This is due to increased institutional adoption, the Bitcoin halving event, and the influx of stimulus money into traditional and cryptocurrency markets.
However, 2022 is not looking so good for Bitcoin (BTC). The price has plummeted from a high of $68,000 to its current price of around $16,000. This significant drop is due to a number of factors, including economic uncertainty and FTX’s drop.
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