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Orbeon Protocol (ORBN) Prices Up 260% in Presale, ZCash (ZEC) and Aave (AAVE) Lose Investor Support

November 30th, 2022 at 6:59 am UTC · 3 min read

Orbeon Protocol (ORBN) Prices Up 260% in Presale, ZCash (ZEC) and Aave (AAVE) Lose Investor Support

The crypto market is constantly evolving, and new projects are looking to take the throne for top crypto. While some projects may have the utility to survive long term, others may not be of much use to people. One project that has seen investor attention is Orbeon Protocol (ORBN), having surged by 260% in presale, which aims to have better utility than established cryptocurrencies like ZCash (ZEC) and Aave (AAVE). In this article, we will discuss why ORBN may be better than ZEC and AAVE for long-term investment.

ZCash (ZEC) Could Face a Spam Attack

ZCash (ZEC) is a digital currency that gives users the option to either keep their financial dealings private or reveal them to the public. Many cryptocurrency enthusiasts considered ZCash (ZEC) to be among the best available assets because of the anonymity it provides. However, over the past few weeks, the value of ZCash (ZEC) has dropped significantly, falling by more than $20. A possible reason could be the potential spam attack that has been raised due to ZCash (ZEC) blockchain’s unexpected growth in size, which is the result of an increase in transaction volume. Furthermore, shortly after Zcash (ZEC) was released, in October 2016, investor demand skyrocketed. This drove the ZCash (ZEC) token’s price to over $5,000 in just a few days but it soon plummeted. Currently, ZCash (ZEC) is valued at $39.03, which is $81 lower than a year ago.

Aave (AAVE) Becomes the Target of Short-seller Campaign

The Aave (AAVE) project, a decentralized finance lending network, had a rough go in 2022. Due to protocol abuse, Aave (AAVE) lost almost $100 billion in locked value within months. A massive short-seller campaign saw CurveDao (CRV) tokens on Aave (AAVE) being targeted. Experts claim that Aave (AAVE) was the real target and that CRV transactions were just bait. The initial step in the exploit involved a distraction short of CRV tokens on Aave (AAVE), which are illiquid but have very low margin requirements. To protect the CRV price from further scrutiny, users would collectively buy the drop or force the short-seller to cover their position at a loss. Aave (AAVE) apparently does not have adequate liquidity to buy back more than 20% of the short. Thus, it exposed Aave’s (AAVE) weak looping system. Analysts predict that Aave (AAVE) may end up with substantial bad debt very soon due to the short.

Orbeon Protocol (ORBN) Off to a Great Start

Though Orbeon Protocol (ORBN) has only been around for a short time, it has already established itself as a formidable contender in the cryptocurrency market. Orbeon Protocol’s (ORBN) presale began at the end of October. Things got off to a roaring start with Orbeon Protocol (ORBN) generating $400,000 in revenue in the first two days.

Orbeon Protocol (ORBN) has attracted a lot of attention from the crypto and investing communities. Orbeon Protocol’s (ORBN) has potential to disrupt the traditional venture capital funding business by minting fractionalized NFTs to represent a startup’s equity and allowing for investment into it for as little as $1.

Orbeon Protocol’s native token, ORBN also provides investors with numerous benefits such as rebates on trading expenses, early access to investment groups for new projects, and staking rewards. Orbeon Protocol’s (ORBN) presale is expected to bring in substantial profits, with some analysts projecting over a 6000% increase to $0.24.

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

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