- Many investors may shift their focus to lesser-known currencies that provide better returns because Bitcoin is less profitable.
- Since the transition from Proof-of-Work to Proof-of-Stake, Ethereum has officially been deflated.
- The Orbeon Protocol does not have the history or origins of either Bitcoin or Ethereum.
By any reading, the cryptocurrency market is going through a very rough patch right now. The Terra/USD crash again in the spring sent shockwaves through the entire market. Things looked so bad that many business analysts declared that these were the “last days” for all cryptocurrencies. Since then, as the market has slowly crawled back, the FTX bombshell has exploded, sending more bearish momentum into the already weakened sector. As a result, Bitcoin (BTC) and Ethereum (ETH) are stuck for now. But the newcomer The Orbeon Protocol (ORBN), which is currently in pre-sale phase 2, has been established ORBN to rise in December 2022 after predictions of 6,000% pre-sale.
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Is Bitcoin (BTC) on the verge of a cliff?
Bitcoin hit $64,158.12 in November 2021, meaning anyone who bought it back in 2012 made a fortune. Regardless, Bitcoin is no longer worth as much as it used to be. Since Bitcoin is less profitable, many investors may shift their focus to lesser-known currencies that provide better returns.
Bitcoin has many famous investors including Bill Gates. In addition, many businesses, including Microsoft, have adopted it as a means of payment. However, if Bitcoin’s value continues to fall, there’s no reason why other tokens shouldn’t take center stage.
Ethereum (ETH) is officially deflating
Since the transition from Proof-of-Work to Proof-of-Stake, Ethereum has officially been deflated. With less Ethereum (ETH) in circulation, the remaining Ethereum will increase in value over time. However, market watchers will have to wait years, if not decades, before witnessing any significant price changes due to the token’s newly incorporated deflation feature.
In addition, the cryptocurrency community has expressed concerns about the centralization of Ethereum’s validator network. The project is highly concentrated, with only two addresses accounting for 46.15% of its nodes.
ETH is also down 7.5% at the time of writing. This could be a tough winter for Ethereum.
The Orbeon Protocol (ORBN) has an advantage
The Orbeon Protocol does not have the history or origins of either Bitcoin or Ethereum. But this could work to this new coin’s advantage in a number of ways.
The Orbeon Protocol is designed to disrupt the old and closed world of corporate finance and venture capital. These industries have until now been dominated and controlled by middlemen, investment banks and giant private equity firms. The Orbeon Protocol aims to change this by allowing investment-seeking startups and new companies to mine and issue unique NFTs on the Orbeon platform. These NFTs are then fractionated and offered as a form of capital to daily investors from just $1.
In addition, Orbeon Protocol’s platform acts as a kind of community where startups interact directly with their investors without any intermediaries or middlemen.
In addition, holders of ORBN, a local utility token on the platform, can use their coins to earn passive income, gain management rights to vote on key decisions and new projects, and gain access to new and exclusive funding rounds.
ORBN has seen significant success in recent weeks thanks to the ongoing phase 3 of the Orbeon Protocol (ORBN) presale. ORBN has already risen from $0.004 to $0.030 in these early stages, and market analysts have made bullish predictions for ORBN’s future price increases, with some suggesting it could go as high as 6000%..
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The fact that Bitcoin and Ethereum are so popular could work against them in this very down market. However, the novel nature of the Orbeon Protocol may work in its favor, as it has succeeded despite historical challenges in the cryptocurrency space, such as Terra/LUNA.
Learn more about the Orbeon Protocol Presale