Each month brings the crypto market its own challenges and opportunities, and three significant gainers have come in the form of Orbeon Protocol (ORBN), Bitcoin (BTC) and Binance Coin (BNB). As we head into 2023, let’s take a look back at December 2022 to see how these three coins fared in terms of price, adoption, and other newsworthy events, starting with Orbeon Protocol (ORBN), which is in phase 3 of the public presale following a 655% price surge.
Orbeon Protocol (ORBN)
Orbeon Protocol’s (ORBN) blockchain-based investment platform is a game-changer, allowing investors to access opportunities that were previously only available to the wealthy elite.
For startups, Orbeon Protocol (ORBN) removes the need for venture capitalists, allowing companies to raise capital from individual investors who can purchase fractionalized NFTs from as low as $1. This is made possible through the NFTs being equity-backed, which represent investment in a startup.
But who oversees compliance and how can investors be sure they’re getting what they paid for? This is where smart contracts come into play, which automatically executes transactions and enforce rules without the need for manual input. As well as this, smart contacts enable security features such as the “Fill or Kill” mechanism, that automatically refunds investors should a funding round fail.
The ORBN token is the native currency of the protocol and it’s used to reward holders with early access to new projects on the platform, lower trading fees, the right to vote on platform decisions, and much more.
The ORBN token price rose sharply throughout Q4 2022, with more than a 655% price increase up to phase 3 of the presale. This is likely due to strong investor confidence in Orbeon Protocol’s blockchain-based platform and its ability to unlock new opportunities for investors of all sizes.
Bitcoin (BTC)
The first few weeks of December saw the Bitcoin (BTC) price move sideways between the high 16Ks and the low 17Ks. The Bitcoin price momentarily broke out of this range to reach $18.4K, but another crash quickly followed and Bitcoin now sits at 16.8K again.
So, what’s causing all of this volatility? Over the past two years, we have seen a surge in institutional interest in Bitcoin, with investments from the likes of Ruffer Investment and Paul Tudor Jones. This helped to raise investor confidence in Bitcoin and increased buying pressure as well.
However, economic turmoil put an end to the bull market and caused a HUGE sell-off for Bitcoin. The bearish sentiment continued to climb as news broke of the FTX exchange being insolvent. Can the market regain confidence in Bitcoin (BTC) or will we see new lows?
Binance Coin (BNB)
Binance is one of the largest and most popular cryptocurrency exchanges, and its native token BNB has seen huge success since its inception in 2017. These days, Binance (BNB) is so much more than just an exchange — it’s also an NFT marketplace, a launchpad for new projects, and a decentralized financial ecosystem.
December saw Binance Coin (BNB) forced to show proof of reserves to the industry, with the exchange confirming that Binance (BNB) had the necessary funds to meet customers’ demands. This was due to the rising concern around centralized exchanges and overleveraged crypto funds, with BNB being a scrutinized token.
With the FTX exchange collapsing, there will be increased vigilance from regulators over the coming months. Binance (BNB)’s transparent approach is a good sign for its future, as it proves that Binance (BNB) is serious about meeting customer requirements and maintaining trust in the industry.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
