The good news is that there are still some good options out there. One of them is Orbeon Protocol (ORBN). It is currently in phase 3 of its presale and does not show signs of slowing down with a price increase of 655% since the presale began.
Now, we look at a few reasons for the rapid rise of Orbeon Protocol while Solana’s price seems to have hit a plateau.
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Orbeon Protocol (ORBN)
Orbeon Protocol is shaking up the venture capital and crowdfunding sectors by making it easy for entrepreneurs to raise money and for regular people to contribute as low as $1 to these ventures.
To obtain capital, entrepreneurs can use the Orbeon Protocol’s decentralized investment platform to mint and issue their own equity-backed NFTs that are then sold to investors as fractionalized assets.
Rather than dealing with the challenges associated with traditional venture capital investment, firms can instead raise the necessary funds from everyday investors while strengthening their sense of community in the process.
The ORBN utility token is essential to all of this since it grants holders access to private investment groups and voting rights in platform governance, among other advantages. In addition, ORBN offers rewards and trading discounts to its customers.
Due to this utility, ORBN’s price has gone up by 655% from the beginning of the presale, from $0.004 to $0.030. Investors’ enthusiasm for the company’s potential to shake up the market is warranted.
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Solana (SOL)
The price of Solana has been under persistent and growing negative pressure over the past few months. The reasons for the poor performance have been the subject of much conjecture as of late, with some experts associating the drop to competition from the Aptos Network.
The Aptos blockchain was launched in October, boasting that it could handle three times more transactions per second than Solana.
One of the most well-known exchanges in the world, FTX, recently had a major setback when it went bankrupt. Solana’s (SOL) price dropped by more than 57% as a result of the ensuing chaos.
Investors found financial ties between Solana, FTX, and Alameda Research, which were deemed to be a major contributing factor to the SOL price decline. Investors in Solana have been thrown into a tizzy as they scramble to find suitable replacements.
Technical concerns have also caused substantial downtime for Solana, slowing down transactions. These are hardly the acts of a protocol prepared to challenge established payment methods.
Solana, despite these problems, continues to be widely used and has a thriving developer community. However, it’s unclear how Solana would differentiate itself from other layer-1 protocols, which might keep the market pricing unchanged for some time.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Disclaimer:
The views expressed on this page are those of the author and not of The Portugal News.