Shiba Inu (SHIB) Clawing Back Losses, Orbeon Protocol (ORBN) Expected to Set New All-time High
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There is a predictable pattern that can be applied to most industry or business sectors over time. New technologies emerge and give rise to new business sectors. During this early period, large numbers of new companies enter the market and, over time, this number dwindles down as some fail, others succeed and the playing field shrinks due to consolidation. For example, in the 1930’s there were 44 major car manufacturers just in the USA. Now there are only 14 worldwide. The same thing appears to be happening in the crypto space, with experts suggesting the trick is to spot the long-term winners early. Here, we look at how things are going for Shiba Inu (SHIB) and Orbeon (ORBN), which is rapidly selling out of its stage 1 presale.
Shiba Inu (SHIB) is fighting back
According to the ‘Shibburn’ website, Shiba Inu burn rates have gone up by 443%. Only 14,089,818 SHIB were burnt throughout the course of the previous day. Shiba Inu (SHIB) kept battling upward and, as of the time of writing, reached an intraday high of $0.00001283. This peak was reached after more than a month. Shiba Inu also had a second straight day of gains as interest piqued in meme cryptocurrencies.
Shiba Inu saw a spectacular bull run on October 28, 2021, reaching all-time highs of $0.000088. The price of SHIB was up 11.88% at $0.0000122 at the time of publishing. Aside from that, Shiba Inu recaptured the spot of 13th biggest cryptocurrency.
SHIB has made impressive gains but, despite this, it is still 86% behind its all-time highs, making it similar to other cryptocurrencies that have been battered by adverse market circumstances since the beginning of 2022. Notwithstanding the price drops, SHIB has had a historic year thus far. The SHIB metaverse, the Welly series, the Shiba Inu burn portal, the debut of Shiba Eternity, and other Shiba Inu-based initiatives have all been launched this year.
Orbeon (ORBN) is stimulating the experts
Orbeon Protocol is one of the latest entrants to the cryptocurrency world and they seemed to have learned the lessons from the problems that have plagued so many other coins and platforms. Those problems stem from the fact that so many coins rely on clever and persistent marketing to make a splash and garner lots of attention but, on close examination, don’t appear to have much of a business case.
Orbeon understands the need to offer value to the market. They looked at the existing mechanisms by which start-up and new companies raise investment capital and realized that they could improve on it. That is what the Orbeon Protocol is all about - bringing together companies seeking investment and investors seeking exciting investment and uniting them on one platform. In effect, they have cut out the venture capital middlemen and even outmaneuvered the more modern crowdfunding platforms.
All of this is possible with Orbeon’s capabilities as a blockchain investment platform, in which startups can be minted as fractionalised NFTs. These NFTs can then be sold to investors for as low as $1, providing a low barrier for entry. This approach allows startups to gain investment quickly and efficiently while sidestepping regulatory hurdles that affect fundraising. Investors can also invest with minimal risk, thanks to Orbeon Protocol’s “fill or kill” mechanism whereby any company that fails to reach its fundraising goals in the set timeframe has its NFTs automatically refunded to investors.
As well as this, the native ORBN utility token plays an integral role in the Orbeon ecosystem. Holders of ORBN receive benefits such as bonuses on staking their tokens, earning passive income, governance rights to decide the direction Orbeon protocol takes, and more. ORBN, is currently in presale at a price of $0.004 but it is unlikely to stay that low for much longer. Savvy experts and analysts are already predicting that the coin will rise to as much as $0.24 by the time the presale ends early next year.
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