Throughout 2022 cryptocurrencies have decreased significantly in value. The market has decreased by over 70%, with many tokens decreasing over 90% from their all time highs. As this bear market continues, popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to decrease in value. However, new projects like Orbeon Protocol (ORBN) are taking the spotlight following 655% gains in presale. Here’s why.
Bitcoin Loses 13.10% of Its Value in One Month
Bitcoin is a decentralized cryptocurrency founded by Satoshi Nakamoto, an unknown alias. Bitcoin was launched in January 2009 and received much skepticism, with many investors not really understanding Bitcoin’s applications.
Bitcoin has since surged in value, going from under $1 to all-time highs of $69,045.00 in 2021. The key selling point of Bitcoin is that it allows for peer-to-peer transactions, which means people can make transactions without needing a central governing body to facilitate them.
Although still the world’s most expensive cryptocurrency at $16,710, Bitcoin has experienced a steady decline throughout the year, decreasing 13.10% in the last month alone.
Ethereum Decreases in Price by $2,780 in 12 Months
Ethereum is an open-source blockchain that lets coders build financial applications. Ethereum (ETH) is the second most valuable cryptocurrency on the planet. However, much like Bitcoin, Ethereum has seen dramatic decreases in value over the last 12 months, decreasing in price by 69.62%. Although Ethereum has bounced back in the past few weeks, it’s struggling to rise in value in the current bear market.
Despite this price action, the unique capabilities of Ethereum as a smart contracts blockchain allow people to build DAPPs (decentralized apps) on the blockchain. This unique capability puts Ethereum ahead of other competitors, and the currencies Proof of Stake consensus means Ethereum is much more energy efficient.
Orbeon Protocol is Predicted to Surge 6,000%
Orbeon Protocol has become the light in an otherwise dark looking market. With a unique ecosystem consisting of the Orbeon Exchange, Orbeon Wallet, Orbeon Swap, and a Metaverse, Orbeon Protocol has become one of the most highly-anticipated projects this year.
Orbeon Protocol was created to make startup investments accessible to retail investors. Currently, early stage businesses have to seek funding from venture capitalists in a highly competitive market. This lets venture capitalists take advantage of startups, often demanding large percentages of their business for funding. Orbeon Protocol helps startups avoid this issue.
Instead of relying on a single investment, startups can use Orbeon Protocol to issue equity to retail investors through NFTs. These NFTs are then fractionally sold to investors, who can buy an NFT for as little as $1.
To keep investors protected, Orbeon Protocol has created a clever “Fill or Kill” security mechanism. This mechanism refunds investors if a startup doesn’t meet its financial objective in a set time period.
Orbeon Protocol is currently in the second stage of its presale, with ORBN, its native token, increasing in value at every stage. Out of 888,000,000 tokens, 355,200,000 will be sold to the public during the presale. ORBN holders will be rewarded with voting rights, access to exclusive investor groups, and discounts on trading fees through the Orbeon Exchange.
The price of Orbeon Protocol is currently $0.030 and is expected to increase to $0.24 by the end of the next presale round, making it a welcome investment in a difficult market.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
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