Since the Bitcoin (BTC) launch in 2009, the cryptocurrency industry has exploded. So much so that investors are having trouble choosing one coin to focus on, with thousands of cryptocurrencies now in existence and more emerging daily.
Hopefully, this will help you decide on where to place your funds first as we take a look at the popular Axie Infinity (AXS), Avalanche (AVAX) and the newcomer in stage 7 of its presale right now, Orbeon Protocol (ORBN).
Axie Infinity (AXS)
The Ethereum (ETH) network powers Axie Infinity (AXS), the blockchain-based digital play-to-earn game. The Axie Infinity (AXS) coin is the currency you obtain just by playing the game, which can be used to purchase items in the virtual world.
In recent news, the Ronin network, part of Axie Infinity (AXS), stated that it would soon start enabling players to acquire loans straight from their wallets. This caused a slight surge of 2% for Axie Infinity (AXS) this past week as it reached a high of $11.20. Axie Infinity (AXS) is trading hands at $11.65 as it sits on a $1.1B market cap.
As the Metaverse continues to become a household name, so will Axie Infinity (AXS). However, that may happen later so think before making an Axie Infinity (AXS) investment.
Avalanche (AVAX) was developed as a blockchain similar to Ethereum (ETH). The Avalanche (AVAX) coin has been chiefly utilized for covering network trading fees and protecting the network itself.
Recently, it was announced by the financial platform Intain that it would develop a new marketplace for securities with asset-backing on the Avalanche (AVAX) network. After this news, Avalanche (AVAX) saw a slight rally of 2% in the past week.
However, the trading volume for Avalanche (AVAX) is a different story. It has diminished by 15% in the past 24 hours as some investors are sidestepping Avalanche (AVAX). Avalanche (AVAX) costs $19.95, and the sentiment is bullish as some analysts predict the coin can achieve a good short-term gain.
Orbeon Protocol (ORBN)
The current unpredictability of the global economy, the pandemic which struck in 2020, the unrest in Europe, and other factors make it particularly challenging for enterprises to prosper and obtain financing. That is what Orbeon Protocol (ORBN) will attempt to solve. Orbeon Protocol (ORBN) will be a unique investment platform with benefits for investors and startups.
The Orbeon Protocol (ORBN) platform will create equity-based fractionalized NFTs for the startup company, which investors can purchase for a meager cost. With this crowdfunding method, investors will essentially be aiding the business in efficiently raising capital, all while becoming shareholders in the company.
But that is not all, the Orbeon Swap, where users may swap different types of NFTs and assets, is another part of the Orbeon Protocol (ORBN) ecosystem. The ORBN token will be the fuel behind the whole Orbeon Protocol (ORBN) project and all of its components. It will also enable holders of it to obtain staking rewards and decide how the Orbeon Protocol (ORBN) platform will evolve with governance – all for a price of just $0.071.
This price point presents an excellent opportunity to purchase a potential chart-topping coin, as ORBN is predicted to reach $0.24 by the time the presale ends. We are excited to see what is in store for Orbeon Protocol (ORBN) in 2023.
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