PancakeSwap (CAKE) and Algorand (ALGO) are tokens that have appreciated in value with the recent bullish conditions. However, their minor gains pale in significance to Orbeon Protocol (ORBN) which has seen a 100% surge in value.
PancakeSwap (CAKE) Records Appreciable Gains
PancakeSwap is a decentralized finance (DeFi) application. The automated market maker (AMM) is a platform for users to exchange tokens and access liquidity via farming while standing a good chance to earn decent fees in return.
The decentralized exchange was launched in 2020 for swapping BNB Smart Chain-based BEP20 tokens.
PancakeSwap’s automated market maker approach allows users to trade against liquidity pools of users who receive liquidity rewards for depositing their funds in such pools. The native PancakeSwap (CAKE) token has seen some success from this.
Since its launch, the PancakeSwap (CAKE) token has appreciated significantly. Seven days ago, PancakeSwap (CAKE) had a market value of $4.41 but currently stands at $4.89. Investors are bullish for the future of PancakeSwap (CAKE), as the recent price appreciation coupled with backing from a well-trusted exchange platform means that PancakeSwap (CAKE) has good fundamentals for further price appreciation if the favourable market conditions continue.
Algorand Overcomes the Cryptocurrency Dip with a Minor Gain
Algorand is another token that has recorded minor gains recently. It is a decentralized and autonomous blockchain-based network for several applications. It provides scalable, secure, and efficient systems that support practical applications in the cyber world and the real world.
The Algorand Mainnet was launched in June 2019 and can handle about a million daily transactions a year and a half later.
Currently selling for $0.44, Algorand recorded a little appreciation from its previous value of $0.3443 over the last 48 hours. It has continued to record minor gains from time to time as well.
Orbeon Protocol (ORBN) Outperforms Major Tokens
While most tokens have gained a little, Orbeon Protocol has continued to build on its momentum. It has consistently risen to every holder’s delight.
Orbeon Protocol was created to solve the obstacles between investors and venture capital. As a blockchain investment platform, the goal is to revolutionize crowdfunding and venture capital by solving the problems that make access to such investment opportunities a big challenge for investors.
Investors can take advantage of the platform to invest in early-stage businesses without breaking the bank. This also assists startups in raising capital much more quicker than ever before. Orbeon Protocol helps them achieve their goal by minting fractionalized NFTs for the company and making them available at affordable prices, as low as $1.
Orbeon Protocol offers these NFTs-as-Service (NFTsaS) through which it helps prospective companies raise funds and investors find vetted real-world businesses looking to raise capital and crypto projects. The ORBN token powers this diverse and utility-focused ecosystem, currently undergoing presale, and grants holders benefit such as staking bonuses, project governance rights, and access to exclusive investor groups.
It is clear why Orbeon Protocol is enjoying this positive momentum – The project’s colossal utility has investors eager to get involved early in its lifespan.
Find Out More About The Orbeon Protocol Presale
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