Place/Date: - November 15th, 2022 at 5:18 am UTC · 4 min read
Source: Orbeon Protocol
With notable projects like CryotoPunks, BAYC and Meebits, Otherside, and Apecoin (APE), Yuga Labs’ APE ecosystem is undoubtedly one of the most considerable forces moving the web3 and NFT trend in recent years. However, in the past few months, general market conditions have driven Apecoin’s (APE) value lower. Meanwhile, newer projects like Orbeon Protocol are seeing an influx of demand from APE investors at its ongoing presale stage. Why is Orbeon (ORBN) spectacular, and what makes it a suitable investment?
Apecoin (APE) is the ERC-20 token that powers the APE ecosystem. The importance of Apecoin within Yuga Labs’ vast APE ecosystem is limitless. The token is useful for various utility purposes, including decision-making, fund designation, and framing rules within the APE ecosystem. Holders can enjoy exclusive offers, including gaming, social events, services, merchants, and merchandise within the APE ecosystem.
Apecoin launched at $1 on March 17th, 2022. Its price spiked to $28 on the same day before settling at $9 about four days later. The token is currently trading at $3.7, about an 87% price loss from the previous all-time high. However, it still maintains a good market capitalization of $1.1 billion.
The sudden price loss and economic downturn drove down the hype and value of Apecoin drastically. However, Yuga Labs is working towards developing newer features that will enhance the use of Apecoin within the APE ecosystem. Meanwhile, investors are turning to Orbeon Protocol, hoping that Apecoin may recover someday.
Orbeon Protocol is a blockchain-based decentralized Venture Capital and Crowdfunding platform. The protocol utilizes immutable proof of ownership of equity-based NFTs to enable startups and businesses to organize and executive funding rounds effectively. With Orbeon Protocol, everybody now has the opportunity to back exciting new startups looking to onboard into the crypto sphere.
Orbeon Protocol enables investors to own fractionalized shares of a project, and they can start with a minimum of $1. This provides affordable and equitable opportunities for keen investors from all walks of life. Orbeon Protocol has implemented a ‘Fill or Kill’ mechanism to protect investors and their funds. This feature automatically reimburses investors if funding goals are not met.
Orbeon (ORBN) is the utility token that powers the Orbeon Protocol. Holders gain VIP access to various perks like voting rights, discounts, cashback, access to an investor group, and exclusive funding rounds. Apart from these, ORBN is also useful for enjoying various DeFi opportunities and products like staking, Orbeon Swap, Exchange, or Wallet within Orbeon Protocol.
Orbeon Protocol’s approach to disrupting the venture capital and crowdfunding industry has attracted several investors globally at its early stage. Analysts are saying its price will rise by 6000% to $0.24 from its current presale price of $0.004. With so much utility and use case around the projecty, the token will surely surpass the speculated price.
Meanwhile, Orbeon Protocol developers have also set exciting goals and roadmap activities. Plans include a metaverse of limitless possibilities, DEX and CEX listings, mobile app development, and much more.
Orbeon Protocol’s use cases have provided a unique selling point that has attracted millions of investors globally. The platform is a decentralized ecosystem of free, fair, and equitable investment opportunities and attractive safety features. Its token powers several utility functions – a reason for its high demand even at the presale phase.
Meanwhile, the sudden downward trend of Apecoin has been predicted by many analysts. This is because Apecoin’s utility strongly depends on the hype around NFTs. Therefore, a bearish economic outlook pushed the hype and development of new and existing PFP NFT projects down, making projects like Orbeon Protocol even more appealing.
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