While the cryptocurrency market has struggled to find footing in recent months, Orbeon Protocol (ORBN) continues to surge with bullish momentum during phase 3 of its presale. But while ORBN continues to push higher, many other coins like Apecoin (APE) and Decentraland (MANA) have remained stable.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is here to redefine the venture capital world. It is a blockchain-based platform that allows everyday investors to infuse in early-stage startups securely and transparently. Wealthy venture capitalists no longer get first dibs on the hottest new startups.
Rather than buying stocks during IPO, ORBN allows everyday users to purchase equity-based NFTs (non-fungible tokens) from as low as $1. This opens up new opportunities to diversify portfolios and gain exposure to earlier-stage investments that would otherwise be inaccessible.
Perhaps the best part of the Orbeon Protocol (ORBN) is that there are no middlemen or gatekeepers. All transactions are managed by smart contracts, meaning there is no need to trust a third party. A unique “Fill or Kill” mechanism allows for investor funds to be automatically refunded if a funding round fails.
ORBN is the native token of the Orbeon Protocol (ORBN) platform. It is used as both a transactional and governance token. ORBN holders are eligible for other benefits, such as staking yields and transaction fee discounts.
The third presale phase is due to finish in January, following a 655% price increase. However, some analysts expect ORBN to surge by up to 6000% by the end of the presale.
ApeCoin (APE) is a utility token that provides access to the ApeCoin ecosystem. Apecoin is used to incentivize participants, pay for services, give access to exclusive games, and reward holders with staking rewards.
Apecoin (APE) was created by the same team that brought us the Bored Ape Yacht Club NFT collection — the most successful NFT collection of all time. The Apecoin team was keen to capitalize on the success of their NFT collection by creating a utility token to link it with the ApeCoin ecosystem.
Unfortunately, since its launch, Apecoin (APE) has been unable to gain any real traction in the cryptocurrency market. And with the floor price of the BAYC NFTs falling from a high of $408,000 to just $77,000, it’s been a difficult year for the whole Apecoin ecosystem.
MANA is the native token of Decentraland (MANA), a virtual reality world that allows users to own land and explore its virtual landscape. MANA is used to purchase land, access in-game assets, and participate in events across Decentraland.
The popularity of Decentraland (MANA) rocketed after it launched in 2020, with the likes of Atari and Snoop Dogg even getting involved in the project. Millions of people flocked to the virtual world, driving the price of Decentraland (MANA).
However, usage of Decentraland (MANA) has declined. This is due to the crypto market crash in 2022, the introduction of other competing platforms, and the MANA token being overpriced.
As a result, Decentraland (MANA) prices have dropped from their peak of $5.90 to around $0.36 today. With other virtual reality worlds popping up and taking over the market, it’s uncertain if Decentraland (MANA) can regain its footing in crypto.
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