Place/Date: - January 10th, 2023 at 9:40 am UTC · 3 min read
Source: Orbeon Protocol
As 2023 approaches, coins like Dogecoin (DOGE) and EOS (EOS), are set to recover from a bearish performance over the previous year.
As well as this, a rookie has entered the scene as the most profitable investment option in 2023! But why has the Orbeon Protocol, currently up 805% in stage 3 of its presale, created so much hype around it? Let’s investigate.
Orbeon Protocol is creating the first crowdfunding platform upon which investors can buy fractionalized NFTs backed by equity in budding startups. Startups can mint these NFTs as a form of investment and issue them to everyday investors on the platform who can invest for as little as $1. This allows startups to raise capital more efficiently while simultaneously building a community of investors.
All projects on the Orbeon Protocol platform will be vetted, eliminating any scams and giving investors refunds if the project does not raise the required capital. This system will be made possible through the unique “Fill or Kill” mechanism embedded into the Solid Proof-audited smart contract.
This ecosystem will all be powered by the ORBN token. One ORBN is currently priced at $0.0362, but it may not be for long as demand is very high. Some analysts even forecast it to reach a $0.24 price point by April 2023!
Dogecoin (DOGE) is essentially a meme coin based on a joke on the internet. With the help of Elon Musk, Dogecoin (DOGE) reached its peak of $0.74 in 2021. Unfortunately, Dogecoin (DOGE) has fallen from people’s graces ever since then.
Dogecoin (DOGE) saw a slight 5% price jump after popular exchange Bitstamp announced it would list it. However, Dogecoin (DOGE) did not manage to keep that value, as it lost 10% in the past week alone. This drop shows that the bear market still affects Dogecoin (DOGE), and investors are beginning to worry about the coin’s future – however, if the token maintains its demand, most are confident DOGE will perform strongly in 2023.
EOS (EOS) is a coin intended to facilitate massively parallel programs. EOS (EOS) aims to make adopting blockchain technology easier for programmers. Similarly to Dogecoin (DOGE), EOS (EOS) had difficulty keeping investors during the year.
EOS (EOS) has a current price of $0.8668, which is a significant 7% drop in the past 30 days. Popular forecasting sites like Wallet Investor predict that the EOS (EOS) will drop to $0.752 in the next few weeks. The sentiment around EOS (EOS) is currently bearish, which makes it a high-risk asset, but EOS (EOS) does maintain the potential to provide significant returns for those savvy investors who can get involved during its lows.
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