As everyone is more than aware, 2022 has been a very turbulent and difficult year for the cryptocurrency market. When the Terra LUNA stablecoin collapsed, pretty much overnight, shockwaves were felt throughout the entire cryptocurrency world and not even Bitcoin escaped the aftermath.
Despite the market suffering a great deal in 2022, no fewer than 15 new cryptocurrencies have launched throughout the year. One of these projects, Orbeon Protocol (ORBN) – currently in the second stage of its presale – looks set to pump 60x faster than The Sandbox (SAND) in 2023.
Let’s take a closer look at what’s got investors so excited.
The Sandbox (SAND) – Outlook Appears Neutral
The Sandbox has been showing signs of improvement lately; in the past 30 days (at the time of writing), the value of the coin increased by 8.14%. But The Sandbox’s medium-term trend has been fairly bearish, with SAND falling by 31.40% over the past three months. Given that SAND now shows a -63.17% 1-year price change, the long-term outlook for The Sandbox could be regarded as unfavorable.
The Sandbox’s price peaked on November 25, 2021, when SAND hit a high of $8.42. The Sandbox cycle high at the moment is $0.983443, and the cycle low is $0.700822. Recently, SAND has shown little volatility; the coin’s 1-month volatility is 5.70. In the previous 30 days, The Sandbox marked up only 15 green days. The market appears quite neutral towards The Sandbox with no overwhelming bearish sentiment despite the poor price action in recent weeks.
Orbeon Protocol (ORBN) Democratizes The Investment Landscape
Orbeon Protocol represents a revolutionary method of using NFT technology to benefit investors and businesses in the venture capital industry. Startups that use the Orbeon Protocol can mint fractionalized NFTs which are then sold to investors for as little as $1.
Due to this new decentralization of the crowdfunding process, investors now have access to investment opportunities with companies that were previously only ever offered to the rich organizations.
Orbeon Protocol members don’t need huge sums to become investors. For start-up businesses, instead of relying entirely on a big venture capitalist, they can raise the funding they need from a much wider pool of investors.
The Orbeon Protocol has a special ability to shield investors against fraudulent activity and failing enterprises. The development team has put in place a novel “fill or kill” mechanism that reimburses investors in the event that the company falls short of its financial goals. This safeguards investors from fraud and draws high-caliber entrepreneurs in need of investment.
Holders of ORBN, the native utility token of Orbeon Protocol, will be given early access to investment groups, reductions on trading costs, and the ability to vote on future projects. ORBN is set to surge in value by over 6000% as presale concludes, a strong prediction that has drawn significant attention to the token from investors marketwide.
Orbeon Protocol’s native coin, ORBN, is available now in a presale phase that opened at the end of October and will run until January 2023. The price of ORBN has already more than doubled from $0.004 to $0.030 and is set to rise much higher by the end of the presale phase. Within the first two days of the presale, $400,000 worth of ORBN was sold and that bodes well for the future of this coin. It is likely to pump up to much higher levels compared to plodding rivals such as SAND.
Find Out More About The Orbeon Protocol Presale