The Protocol (THE), Cardano (ADA) Price Decreasing, Losing Investors To Orbeon Protocol (ORBN)

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The recent market volatility has prompted many investors to reconsider the cryptocurrencies they have invested in. They are weighing all the cryptos on the basis of their market performance and growth prospects. Investors are now willing to leave the loss-making projects to add promising cryptos to their portfolios. This trend has hurt The Protocol (THE) and Cardano (ADA), which have been losing investors to the Orbeon Protocol (ORBN), a new player in the field. Orbeon Protocol (ORBN) has become the most sought-after crypto due to its usability.


The Protocol (THE) Falls Severely

Witnessing a fall of around 45% in the last 15 days, the current trading price of The Protocol (THE) has come down to $0.00801. Notably, The Protocol (THE) has fallen around 29% in the last seven days. The Protocol (THE) is an Ethereum-based meme token. The Protocol (THE) is inspired by a tweet from Vitalik Buterin, co-founder of Ethereum. On October 14, 2022, Vitalik tweeted that someone should develop a crypto project called “THE Protocol.” The founders of The Protocol (THE) took the idea from the tweet and launched the project. Since the launch of The Protocol (THE), Vitalik has frequently interacted with THE tweets, allowing the token to prosper.

Cardano (ADA) Does Not Find Sustainability

Cardano (ADA) also falls under the category of cryptocurrencies that have struggled to post sustainable growth. While Cardano (ADA) grew by around 2.78% on the weekly chart, it has fallen by 4.13% on the monthly chart. This has brought down the trading price of Cardano (ADA) to $0.37.

Cardano (ADA) is a decentralized platform built to become an efficient alternative to the proof-of-work mechanism. Cardano (ADA) uses a proof-of-stake (PoS) consensus mechanism, which reduces energy expenditure. Launched in 2017, Cardano (ADA) aims to be a platform to develop decentralized applications (DApps) with verifiable smart contracts and a multi-asset ledger.

Investors Rush To Orbeon Protocol (ORBN)

There is hardly any business arena where blockchain technology cannot be used. Blockchain technology has brought massive changes in the way we do business. With the same objective, Orbeon Protocol (ORBN) has entered the crypto world. Democratizing the crowdfunding and venture capital industry, Orbeon Protocol (ORBN) mints NFTs of company shares.

It is a blockchain-powered platform that mints NFTs of shares for companies wanting to raise funds. Since it mints fractional NFTs, Orbeon Protocol (ORBN) empowers individual investors to make investments for as low as $1. The platform offers NFTs-as-service (NFTaas) to early-stage firms to raise funds. Additionally, Orbeon Protocol (ORBN) lists only real-world vetted and promising companies on the platform to assist investors in making a value-based investment.

Sometimes, when businesses fail to raise the required capital after going for fundraising, small investors lose their money. But this is not the case with Orbeon Protocol (ORBN). The platform has a mechanism to eliminate such scams. It uses a “Fill or Kill” mechanism, guaranteeing that investors receive their money back if businesses do not achieve their target raise. This mechanism’s USP is its incorporation in the smart contract, which can never be cheated.

ORBN tokens fuel the Orbeon ecosystem comprising of four constituents: Orbeon Swap, Orbeon Exchange, Orbeon Wallet, and Metaverse. ORBN holders get many benefits, including voting rights on crucial decisions of the protocol, cashback rewards, and discounts on trading fees.

Since the Orbeon Protocol (ORBN) has a real-world utility and its target user base is massive, crypto experts have forecasted that the demand for ORBN tokens will skyrocket in the next few weeks. They have also predicted that the price of ORBN tokens will record a growth of 6000% and get to the mark of $0.24 during the pre-sale. Currently, investors can buy an ORBN token at the rate of $0.004.

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