Chainlink (LINK) and Orbeon Protocol (ORBN) Still Showing Bullish Movement
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Chainlink (LINK) and Orbeon Protocol (ORBN) currently look like the best cryptocurrency projects to jump in while the bear market persists.
This is primarily because the two tokens are still showing bullish movements with the potential to gain further in 2023.
Analysts recommend Orbeon Protocol as a good option based on the success of its presale. Orbeon Protocol is in phase 3 of its presale, which is expected to rise by 6000% by early 2023.
Let’s take a quick look at the reasons why the two tokens are still showing bullish movement.
Chainlink (LINK) price has increased by almost 75% since mid-2022. It peaked in May at $5.29. you could say the surge of Chainlink was occasioned by the growing number of entities holding massive amounts of over 1,000 tokens, or whales as they are known in the crypto industry.
Chainlink is a decentralized blockchain platform that allows non-blockchain entities to link to different blockchains in a safe and seamless way. It basically links external data sources with smart contracts based on the blockchain.
Chainlink launched its staking program on December 6th which although led to a decrease in its price but nevertheless brought much attention to the project.
In November, the number of Chainlink addresses with 1,000 to 1 million tokens had already increased by 18.2% from May, which proves how much influence investors have on the project and its subsequent price recovery. The whales are definitely shifting to Chainlink and if the trend continues, LINK may be a top token to invest in soon.
Many investors are also attracted to Chainlink because of the utility it brings to the blockchain. Chainlink’s multi-chain convenience and the capability to incorporate off-chain transactions are other advantages that have propelled its long-term bullish trend.
Currently, LINK is trading at around $5.40, which is a good point to invest in since it provides a good opportunity to get in before the bull market sets in and prices rise again.
Orbeon Protocol (ORBN)
The conventional venture capital industry poses many challenges to both retail investors and startups seeking to raise capital. The industry has many barriers that prevent small-time investors from buying into promising companies and regular startups from raising the funds they need to launch.
Orbeon Protocol (ORBN) aims to remove the barriers existing in the traditional venture capital industry by allowing businesses to mint fractionalized equity-based NFTs for their fundraising needs, thereby allowing potential investors to purchase the NFTs at a low cost. That means even everyday investors can buy the equity of a company that has great growth potential for as low as a dollar.
Orbeon Protocol smart contracts are audited by Solid Proof and come with a “Fill or Kill” mechanism that ensures all investor funds are returned to the owners if the company fails to reach its funding target. This helps to eliminate losses and boost investor confidence.
The Orbeon Protocol platform is powered by its native currency, ORBN. Holding ORBN brings investors passive income through staking, access to exclusive investment groups, voting rights, and discounts while trading on the platform.
Owing to the many benefits of the Orbeon Protocol (ORBN), its presale has so far been quite successful, with price gains of 805%. The presale started at $0.004 and is expected to end at $0.24, which is a massive 6000% gain.